Financial Secretary Paul Chan Mo-po arrived in Paris on Monday to meet French asset managers as Hong Kong seeks to attract global capital.
Financial Secretary Paul Chan Mo-po arrived in Paris on Monday to begin a five-day European tour. He met representatives of the Association Francaise de la Gestion Financiere and the Paris-based think tank Asia Centre. Chan also called on China’s ambassador to France and Monaco, Deng Li.
A source said the French asset management association seems quite interested in expanding its presence in Hong Kong amid market diversification and significant growth potential in the Greater Bay Area asset management market.
The tour forms part of efforts to reinforce Hong Kong’s status as an international financial hub. It comes amid signs of easing geopolitical tensions, including Russian leader Vladimir Putin’s scheduled two-day state visit to Beijing on Tuesday after Chinese President Xi Jinping hosted a summit with U.S. President Donald Trump on May 14 and 15.