Paul Chan

Hong Kong's finance chief Paul Chan forecasts first-quarter GDP growth exceeding 4%, the strongest in nearly five years, driven by a 17% rise in visitors and 5.2% gain in retail and catering spending. The preliminary figure is due on Tuesday.

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Hong Kong's initial public offering market has raised more than HK$140 billion (US$17.9 billion) as of April, maintaining its global lead, Financial Secretary Paul Chan Mo-po said, while indicating a renewed push for gold trading amid rising demand for risk diversification. Chan stated on Sunday that the city remains the world's top IPO fundraising hub.