FS took part in Future Investment Initiative in Saudi Arabia

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Financial Secretary Paul Chan continued his official visit to Saudi Arabia yesterday, leading a delegation to participate in activities of the Future Investment Initiative. 

During the visit, Chan engaged in in-depth exchanges with local political and business leaders, and visited local innovation and technology institutions, as well as urban planning and conservation projects.       

In the morning, Chan attended a breakfast session hosted by HSBC at the Future Investment Initiative and took part in a fireside chat, during which he shared his insights on the prospects for strengthening economic, trade and financial ties between Hong Kong and the Middle East.       

Chan noted that against the backdrop of increasing global geopolitical and economic fragmentation, economic and financial links between China as well as other parts of Asia and the Middle East continue to deepen. 

He said Hong Kong will further leverage its role as an international financial centre and provider of world-class professional services to support Mainland enterprises in going global, expanding their industrial and supply chains, and tapping into overseas markets. 

At the same time, Hong Kong stands ready to offer capital and professional services to Middle Eastern businesses seeking to enter the Mainland and Asian markets. Furthermore, with its highly internationalised financial system, diversified financing channels, and innovative financial solutions, Hong Kong is well placed to promote cross-border capital flows as well as provide diversified and flexible infrastructure financing models, such as infrastructure loan securitisation.