Chan: Hong Kong Professional Services Must Convert Mainland Strengths into Global Competitiveness
Bastillepost · 2 SOURCESabout 3 hours ago2 MIN
Summary
Financial Secretary Paul Chan Ma-po delivered a video address at the Hong Kong Professionals Alliance dinner on October 13, outlining Hong Kong strategic positioning in the evolving global economic landscape. Chan emphasized that as China and Asia emerge as pivotal engines of the world economy, Hong Kong roles as a super-connector and super-value-adder will become increasingly significant. He called on the professional services sector to function as a super-converter, not merely facilitating connections but actively aligning rules and standards to transform mainland enterprises technological and product advantages into international competitiveness .
Key Points
- Hong Kong must serve as a super-converter by bridging rules and standards, transforming mainland technology and product advantages into global competitiveness
- Professional standards and credibility are paramount: greater business volume demands stricter quality control, and faster growth requires unwavering adherence to professional standards
- The professional sector must proactively anticipate trends and enhance capabilities, actively participating in discussions and formulation of international standards
- Artificial intelligence presents both opportunities and challenges: professionals must learn to utilize AI effectively while maintaining judgment and strengthening risk management capabilities
- Industry veterans should provide young professionals with opportunities to gain experience through cross-disciplinary and cross-regional projects
Why It Matters
Hong Kong evolution from a super-connector to a super-converter represents a strategic pivot that could reshape its value proposition in global trade. By actively transforming mainland enterprises competitive advantages into internationally recognized standards and practices, Hong Kong can strengthen its role as an indispensable bridge between China and the world while sustaining its status as a premier professional services hub .
Hong Kong evolution from a super-connector to a super-converter represents a strategic pivot that could reshape its value proposition in global trade. By actively transforming mainland enterprises competitive advantages into internationally recognized standards and practices, Hong Kong can strengthen its role as an indispensable bridge between China and the world while sustaining its status as a premier professional services hub .