Edward Yau: In the next 10 to 15 years, Hong Kong will strive to become the world's second largest financial center.

Hong Kong Financial Secretary Paul Chan Mo-po attended the HSBC Global Investment Summit 2026 and stated that, observing the current situation in Hong Kong, he is very confident that in 10 to 15 years, Hong Kong should not only be ranked third in the global international financial center rankings, but should at least be ranked second. He believes that "if you want to invest in the future, you should invest in Hong Kong." Paul Chan Mo-po mentioned that Hong Kong has experienced ups and downs over the past few decades, and Hong Kong people are very adaptable, and the business sector is very wise. They can always adjust to geopolitical changes, and Hong Kong has always been seen as a gateway and platform for the mainland to access international markets. Therefore, it is most important in the coming years to attract more technology companies to set up in Hong Kong, to establish an ecosystem in Hong Kong. He believes that the government can attract more talent and technology companies to come to Hong Kong. He expressed confidence in the future economic growth of the mainland in the next 10 years. As the income of mainland residents rises, they have a strong interest in offshore asset allocation, bringing huge opportunities for Hong Kong's asset and wealth management. Leveraging its unique advantage of close ties with the mainland, Hong Kong can seize the opportunities for development. The Hong Kong Monetary Authority issued the first two stablecoin issuer licenses last Friday. Paul Chan Mo-po pointed out that stablecoins are financial innovations based on blockchain technology, with clear advantages in cross-border payments, including decentralization, fast transactions, low costs, and strong confidentiality. However, they also bring risks to financial stability, consumer and investor protection. Therefore, Hong Kong has established a regulatory framework to ensure sustainable and reliable development of stablecoins under regulation and governance.