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The city has received benefits from APEC's financial conventions, with foreign political leaders and businessmen showing renewed confidence in the city and supporting the development of cross-border digital finance infrastructure, said Finance Secretary Paul Chan Mo-po.
Finance Secretary Paul Chan Mo-po stated that 'senior officials and representatives have discussed macroeconomic, fiscal, and financial policies, as well as young talent, in an honest and open manner.' He added that 'the event has improved delegates' understanding of Hong Kong's unique role and its attractiveness as a platform for tapping both the southern China market and the broader Asian market'.
An important impact of the event was that foreign businessmen and political leaders perceived our company. I had very positive conversations with them during the two days leading up to the event, and I am confident they all heard a lot of positivity about us. Developers and investors have also noticed that foreign investors were active in the country, with approximately 35% of capital transfers originating from America, Europe, and the Far East, and around 25% or less coming from Southern China.
For the first time, Hong Kong hosted an event with Beijing's backing, which will be followed by an APEC summit between leaders next month in Shenzhen. Representatives and delegates from over 500 participants of the APEC economies came to Hong Kong for the meeting, many of them participating in the social program to explore the city's culture and dynamism. Chan Mo-po cited Project CargoX, a strategic fintech and cross-border finance project designed by the Central Bank of Hong Kong, the Hong Kong Monetary Authority, aimed at leveraging real-time account balance data and supply chain flow information to help SMEs obtain loans from banks.
He added that "Delegations showed interest in investments in digital infrastructure projects, which Hong Kong could provide solutions for." Chan Mo-po mentioned that "Delegations displayed enthusiastic interest in the position of Hong Kong within one of the plans for Beijing's growth, and had a positive view of its 'four zones center, a central hub'." The project 'four zones centers, a central hub' is the goal of economist John Lee Ka-chiu until 2030, aiming to consolidate Hong Kong into an international financial, maritime, and aviation center while developing it so that it becomes a global innovation and technology center and a high-level talent center.
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