Chen Maobo: Hong Kong's economy is cautiously optimistic this year, and we are highly alert to "black swan" events.

Hong Kong Financial Secretary Paul Chan Mo-po attended the General Forum today (15th) and expressed cautious optimism about the Hong Kong economy in 2026, believing that the economic development momentum in Hong Kong is good. He further stated that they are cautious because they estimate that external risks facing Hong Kong will only increase, and the market may experience significant volatility. They will remain highly vigilant, especially in preventing "black swan" and "gray rhino" events, and will closely monitor potential risks in the market, preparing early to mitigate risks and ensure financial security. The reason for the "optimism" is because the economic development in Hong Kong has a good momentum. The Mainland economy is steadily advancing, with a solid foundation, a massive market size, and ample policy space, all of which will provide strong support for the Hong Kong economy. It is believed that the atmosphere for consumption and investment will improve, and with the general expectation that the US will further cut interest rates in 2026, although the extent of the cut may not be significant, it is a positive factor for market prospects, and consumption and investment activities are expected to expand. Paul Chan Mo-po pointed out that for Hong Kong, in the "15th Five-Year Plan," it is essential to leverage Hong Kong's unique advantages of "internal connection and external communication" and its international characteristics. They will enrich the roles and functions of "super connectors" and "super enhancers," consolidate traditional advantageous industries and markets, while also exploring new markets, nurturing emerging industries and developing momentum. For example, improving the listing system, market structure, and trading mechanisms, making the Hong Kong stock market more internationalized, making Hong Kong not only a preferred listing destination for mainland companies but also for overseas, including those from the Middle East and Southeast Asia.