Chan says Global South links can boost Hong Kong
SingTao · 1 SOURCESabout 2 hours ago5 MIN
Summary
Financial Secretary Paul Chan Mo-po (陳茂波) said investors will be watching closely this week for Hong Kong’s first five-year plan and the new Policy Address to better understand the city’s long-term vision and policy direction. He said stronger links with the Global South are creating more business opportunities for Hong Kong and attracting additional capital and liquidity to its markets.
Key Points
- Chan said this week’s market focus will be Hong Kong’s first five-year plan and the new Policy Address, as investors assess future policy direction and business deployment.
- In his blog, Chan said cooperation between Hong Kong and the Middle East is expanding from finance into industry-led innovation and technology fields.
- Sohar International, Oman’s second-largest bank, has opened its first office outside the Middle East in Hong Kong, becoming the first Omani bank to establish a presence in the city.
- The Oman Investment Authority said it plans to join the government’s Innovation and Technology Venture Fund through a local fund partner, investing about HK$250 million.
- A joint survey by the Securities and Futures Commission and the Hong Kong Monetary Authority showed 2025 sales of non-exchange-traded investment products rose 63% year on year to a record HK$9.9 trillion, while completed-client numbers exceeded 1.6 million.
Why It Matters
Chan is linking Hong Kong’s policy agenda with a broader push to deepen economic ties across the Global South and Belt and Road markets, while relying on national support under the 15th Five-Year Plan outline to strengthen the city’s roles in finance, trade, shipping and innovation. For Hong Kong businesses and investors, that points to more cross-border funding channels, deeper market liquidity and a wider pipeline of partnerships from the Middle East to Central Asia.