Financial Secretary Paul Chan concluded visit to Washington DC

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Financial Secretary Paul Chan has concluded his visit to Washington DC and is on his way back to Hong Kong.

While in Washington, Chan attended the Annual Meetings of the International Monetary Fund and the World Bank Group yesterday. He attended the plenary session of the Annual Meetings, then joined an in-conversation session organised by the Institute of International Finance, a high-level forum attended by senior executives of various international financial institutions. 

During the session, the FS shared insights on the current state of Hong Kong's economy, its strategy of development as a financial centre, opportunities in innovation and technology-particularly artificial intelligence-the development of digital assets, and the building of a patient capital ecosystem.

Chan highlighted Hong Kong's unique advantages under the "one country, two systems" arrangement. He also emphasised Hong Kong's encouragement of financial innovation. Despite rising global economic uncertainties in recent months, Hong Kong has continued to see capital inflows.

Chan also attended a business luncheon co-hosted by the US-China Business Council and the Hong Kong Economic and Trade Office in Washington, with over 40 American business leaders in attendance.