Chen Maobo: will attend the economic forum in Davos, Switzerland to promote Hong Kong's advantages in internal and external connectivity.

Hong Kong Financial Secretary Paul Chan Mo-po wrote in an essay that at the recently concluded "ASIA FINANCIAL Forum," both institutions and guests expressed that Hong Kong's role as a bridge in assisting them in better connecting the mainland and global markets is unparalleled. Before departing for Davos, Switzerland to attend the World Economic Forum annual meeting, he will deliver speeches at various forum theme seminars and luncheons, as well as participate in bilateral and roundtable meetings. Paul Chan Mo-po pointed out that he will take this opportunity to introduce the strategies and measures adopted by Hong Kong in different development areas to political and business leaders, and actively promote Hong Kong's advantages and value as a "super connector" and "super value-adding person." With the strong support from the country, and leveraging the institutional advantages and geographical location of "one country, two systems," the development of Hong Kong's international financial center is continuously accelerating and deepening, giving various sectors a more solid confidence in Hong Kong's prospects. Last week, People's Bank of China Governor Yi Gang announced a number of measures to deepen connectivity, focusing on four key directions to fully support the construction of Hong Kong's international financial center: first, support the development of Hong Kong's capital market and continue to deepen the connectivity between the financial markets of the two places; second, expand and strengthen Hong Kong's offshore RMB business hub status; third, enhance the function of Hong Kong as an international asset management center and wealth management center; fourth, firmly uphold the financial stability and security of Hong Kong. In terms of supporting the development of Hong Kong's capital market, the central government will increase the allocation of national foreign exchange reserves in Hong Kong. Further deepening of connectivity will also attract more international funds to invest in the mainland through Hong Kong, helping to upgrade and develop the mainland's industries, accelerate the construction of a new development pattern, and open up broader development space for Hong Kong's capital market. Paul Chan Mo-po stated that Hong Kong is actively enriching the connotation and depth of its international financial center, continuously reforming and innovating, striving to bring together traditional and emerging markets' funds, investors, and financial products, and jointly promoting better regional cooperation and development to achieve mutual benefit. It is reported that the theme of this year's annual meeting is "Cooperation in the Age of Intelligence." In the current tense geopolitical situation, how to strengthen cooperation globally, seize the development opportunities brought by artificial intelligence and innovation, and better move towards green transformation to address the challenges of climate change, are topics that countries should deeply think about and discuss.