Hong Kong Financial Secretary Paul Chan is promoting Hong Kong's new advantages to political and business leaders from various countries in Switzerland.

Hong Kong Financial Secretary Paul Chan Mo-po attended the activities of the World Economic Forum Annual Meeting in Davos, Switzerland yesterday (January 22, Davos time), and held bilateral meetings with officials from various countries and business leaders to promote Hong Kong's new advantages. Paul Chan Mo-po met with Professor Klaus Schwab, the founder and executive chairman of the World Economic Forum. He expressed to Professor Schwab that the Hong Kong SAR government and relevant agencies attach great importance to participating in the annual meeting. On one hand, this allows them to introduce the latest economic and social developments in Hong Kong, as well as its unique advantages under "One Country, Two Systems," to global political and business leaders. On the other hand, it helps them to grasp more international trends, exchange views with representatives from different economies and sectors, and present Hong Kong's perspectives. Paul Chan Mo-po expressed willingness to continue strengthening cooperation with the World Economic Forum in various fields such as green transformation, financial services development, and urban management. In addition, Paul Chan Mo-po met with Ali bin Ahmed Al-Kuwari, Minister of Finance of Qatar, and Daniela Stoffel, State Secretary for International Financial Affairs at the Swiss Federal Department of Finance. Apart from exchanging views on the latest global economic and financial situations, they also discussed how to further enhance cooperation between Hong Kong and the two countries in areas such as trade, financial services, and infrastructure. Paul Chan Mo-po met with officials from Coinbase, a US-listed cryptocurrency trading platform, to learn about their latest business developments and exchange views on the development and regulation of global digital assets. He also met with senior management from a Swiss reinsurance company, introducing Hong Kong's efforts to strengthen its position as an international risk management center, including promoting the development of innovative products such as catastrophe bonds. He stated that Hong Kong will continue to actively promote more companies from various regions to participate in large-scale infrastructure and investment projects, further utilizing Hong Kong for comprehensive risk management, and attracting more domestic and foreign companies to establish their captive insurers in Hong Kong.