FS says new mediation body will enhance HK's competitiveness

發佈日期: 2025-06-01 19:49
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Financial Secretary Paul Chan noted that one-third of international investment agreements pointed to mediation as a means of resolving disputes. 

He believes the establishment of the International Organization for Mediation in Hong Kong can provide the necessary support.

Writing on his weekly blog, the financial chief said the global economy was "shifting eastward," and Asia made up nearly one-quarter of the world's GDP.

He said many Asian countries wanted more say in international governance.

Chan said the setting up of the IOMed can enhance the city's competitiveness on global finance, trade and logistics.

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