Chen Maobo: Hong Kong has the ability to build a vibrant AI ecosystem with international connections.

Hong Kong Financial Secretary Paul Chan Mo-po said at the International Financial Leader Investment Summit that Hong Kong is continuously reforming its listing system, with the market value of the new economic industry doubling over the past 8 years to 35%. He believes that benefiting from the development of the Chinese mainland economy and technological innovation, the market value of the Hong Kong, Shanghai, and Shenzhen stock exchanges still has room for growth. Paul Chan Mo-po said that financial services are an important driver of innovation activities, and Hong Kong needs to be prepared for reform thinking to address opportunities brought by changes in economic fundamentals. He pointed out that the global venture capital investment in AI has exceeded $190 billion, reflecting the structural changes brought about by AI, which has become a driver of industries such as finance and logistics. Many AI talents come from the mainland, and with increasing geopolitical tensions, more and more research talents are using Hong Kong as a base for academic research and application, leveraging the industrial capabilities of the Greater Bay Area for application and testing. He said that Hong Kong has the capability to establish a vibrant AI ecosystem with international connections. The Hong Kong SAR government is guiding private capital into related areas through direct investment in AI projects and startups, and promoting top talents to strengthen cooperation and development in Hong Kong. He believes that in the face of the constantly changing global economic situation, Hong Kong can continue to attract capital, innovate applications, and investors, coupled with favorable commercial and innovation policies, to bring many opportunities to global investors.