Hong Kong can drive China Opportunity 2.0 push for global growth says Paul Chan

Hong Kong finance chief Paul Chan said the city is positioned to help Beijing promote its China Opportunity 2.0 initiative to global investors.

Paul Chan made the comments after attending the World Economic Forum's Annual Meeting of the New Champions in Dalian last week.

He also visited Xi'an for an event on the commercial aerospace industry.

Chan said Hong Kong's advantages under One Country, Two Systems can turn China's market and technology strengths into opportunities accessible to overseas investors.

Chinese Premier Li Qiang introduced the China Opportunity 2.0 concept at the Dalian meeting.

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Financial Secretary Paul Chan Mo-po reports that French investors are warming to Hong Kong again. The shift stems from the city’s strong market performance and an improved geopolitical climate, particularly after the recent summit between US President Donald Trump and Chinese President Xi Jinping.

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Hong Kong's Financial Secretary Paul Chan Mo-po said the city has struck a balance between financial security and innovation in its roles as a 'testing ground' and 'firewall' for China's reform and opening up. He stated that security is core to high-quality development amid geopolitical tensions risking financial markets and energy supplies. The city rolled out its first batch of stablecoin licences last week and pledged to accelerate the shift to green energies.

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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Shangri-La hotel group chief executive Kuok Hui Kwong said Hong Kong holds enormous potential for cultural tourism as a bridge between mainland China and the world.

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