Chen Maobo: Hong Kong's economy is currently performing well. In the first two months of this year, merchandise exports continued to record double-digit growth.
Currently, the Hong Kong economy is performing well and is confident about it. The three major growth engines - export, service industry, and commodity trade - are all performing very well. Private consumption remains steady, and private investment is increasing. Despite facing a trade war, Hong Kong's commodity exports recorded double-digit growth in the first two months of this year.
Hong Kong Financial Secretary Paul Chan Mo-po said at the HSBC Global Investment Summit that Hong Kong's economy is performing well and he is confident in it. The three main growth engines - exports, the service industry, and commodity trade - are all performing very well. Private consumption remains steady, and private investment is increasing. Despite the trade war, Hong Kong's commodity exports saw double-digit growth in the first two months of this year. He also observed that industrialists and traders have been shifting their supply chains to Southeast Asia, so in a way, Hong Kong is benefiting from the trade war.
Paul Chan Mo-po continued to say that in the current geopolitical environment, Hong Kong's stock market is performing very well, with a strong IPO pipeline. There are currently over 500 companies in the pipeline waiting to go public. Even outside of the IPO market, asset and wealth management, green finance, and even digital asset sectors are all thriving and performing well.
He pointed out that to achieve rapid growth, it is essential to ensure financial stability and security. In the current geopolitical environment, there will inevitably be fluctuations that need to be managed. He mentioned that the best defense is not just to establish buffers and introduce supervision, but to grow, enhance competitiveness, and scale, making Hong Kong increasingly important as a global financial center. He stressed that investing in Hong Kong is investing in the future.
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