Paul Chan points to more S Korean investments in HK

RTHK

4 days ago

Paul Chan points to more S Korean investments in HK
The financial secretary says regional cooperation is becoming more important. Image courtesy of Paul Chan's blog
Financial Secretary Paul Chan on Sunday said the financial sector in South Korea is interested to invest in Hong Kong and the mainland.
In his weekly blog, Chan recalled his three-day visit to Seoul last week where he met with representatives from various sectors including finance, trade, and innovation and technology.
Chan said he spoke to them about the SAR's latest development and opportunities, as well as the One Country, Two Systems policy and the city's other advantages, such as its internationalisation and free market.
He pointed out that some South Korean businesses may not have a full understanding of the SAR's current situation because they have reduced the number of visits to Hong Kong in the past few years because of the pandemic and geopolitical issues.
But Chan also said the strong performance of Hong Kong's stock market and its vibrant initial public offering market have drawn the attention of South Korea's finance sector.
He added that South Korean businesses have a positive outlook towards the technological development and commercial potential of Greater China.
'In view of the current international situation, regional cooperation is becoming more important,' Chan said.
'Making new friends, exploring new markets, attracting new capital and seeking mutual beneficial development can improve both parties' economic resilience and competitiveness."