Hong Kong's Role at WEF Annual Meeting

In a gathering of powerhouses at the World Economic Forum (WEF) Annual Meeting in Davos, Switzerland, Hong Kong's Financial Secretary Paul Chan has emerged as a prominent figure among nearly 3,000 political leaders, financial officials, and business elites. His mission? To showcase Hong Kong's unparalleled advantages as a "super-connector" and a critical player in the global economy.

Key Insights from Paul Chan

Speaking at the prestigious "2025 Davos-Caixin CEO Luncheon," Chan captivated attendees with insights into Hong Kong's current economic landscape and future strategies. Emphasizing the city’s unique position as a bridge to Mainland China and the world, he illustrated how the principle of "one country, two systems" enhances Hong Kong's role on the global stage.

Geopolitical Challenges and Opportunities

During a subsequent speech at the "2025 Davos-Tencent Finance Vision Dinner," Chan elaborated on the geopolitical complexities shaping international commerce and how Hong Kong could thrive amidst these challenges. He argued that the city’s unique characteristics would not only support China’s ambitious plans for openness but also create invaluable opportunities for businesses and investors worldwide.

Achievements in Innovation and Technology

Chan shared Hong Kong's exemplary achievements in attracting international businesses and talents, highlighting strategic developments in finance, innovation, technology, trade, and aviation. Notably, during a meeting with Daren Tang, the Director-General of the World Intellectual Property Organization (WIPO), he outlined plans for Hong Kong to establish a leading innovation and technology hub, bolstered by WIPO’s support in launching a Technology and Innovation Support Centre this year.

Green Finance Initiatives

Moreover, Chan seized the occasion at the WEF’s "Giving to Amplify Earth Action" event to underscore Hong Kong's role as a foremost green finance hub in Asia. He pointed to the city’s robust ecosystem comprising family offices and private equity funds that are well-positioned to channel wealth into vital climate projects.

Strengthening Ties with the Gulf Cooperation Council

In a bid to strengthen bonds with the Gulf Cooperation Council (GCC), Chan engaged with representatives from GCC nations, including UAE Minister of State for Foreign Trade Dr. Thani bin Ahmed Al Zeyoudi. These discussions aim to expedite a free trade agreement and deepen collaboration within the digital economy, green transformation efforts, Islamic finance, and wealth management sectors.

Engagement in the Fintech Sector

Chan also delved into the fintech sector, meeting with prominent leaders such as Jeremy Allaire, CEO of stablecoin issuer Circle, and Martin Gilbert, Chair of UK-based fintech company Revolut. Their discussions centered around business strategies and the potential for growth within Asia's dynamic financial landscape.

Conclusion

The 2025 WEF Annual Meeting, themed "Collaboration for the Intelligent Age," sees participation from influential bodies like the Airport Authority Hong Kong, MTR Corporation Limited, and Hong Kong Exchanges and Clearing Limited. As Hong Kong continues to carve out its niche as an international financial hub, the city’s narrative of resilience and innovation is resonating deeply on this prestigious global platform.

Stay tuned for more insights from the WEF and how they could shape the future of finance in Hong Kong and beyond!