Hong Kong, SAR–(Newsfile Corp. – October 20, 2025) – Paul Chan, Financial Secretary of the Hong Kong Special Administrative Region (HKSAR), visited the United States last week (October 14-17) to attend Annual Meetings of the International Monetary Fund (IMF) and World Bank Group (WBG). Mr Chan also updated government officials from various countries, as well as key financial and economic figures in New York and Washington, DC, on the latest developments and business environment in Hong Kong.
On Friday (October 17), Mr Chan attended the plenary session of the Annual Meetings of IMF and WBG. He also joined an in-conversation session organised by the Institute of International Finance, where he shared insights on the current state of Hong Kong’s economy, its strategy of development as a financial centre, opportunities in innovation and technology–particularly artificial intelligence–the development of digital assets, and the building of a patient capital ecosystem.
HKSAR’s Financial Secretary Paul Chan (right) joins an in-conversation session organised by the Institute of International Finance
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Mr Chan highlighted Hong Kong’s unique advantages under the “one country, two systems” arrangement, including free flow of capital, a freely convertible currency pegged to the US dollar, a highly internationalised market, and close alignment with international best practices.
Despite rising global economic uncertainties in recent months, Hong Kong has continued to see capital inflows, reflecting international investors’ confidence in the city’s investment environment and opportunities, Mr Chan said.
Delivering a keynote speech at a business luncheon co-hosted by the US-China Business Council and the Hong Kong Economic and Trade Office in Washington (Washington ETO), he stressed that the “one country, two systems” arrangement is a significant advantage for Hong Kong and that the Chinese government has made it clear that this good system will be upheld in the long run. For example, Hong Kong continues to practise the common law system, and its judiciary exercises judicial power independently. The rule of law in Hong Kong remains highly ranked internationally. In terms of financial innovation, Hong Kong is also prudently exploring areas such as digital assets.
Mr Chan (first left) at a business luncheon at Washington, DC, reaffirms that Hong Kong will continue to welcome American businesses and talent to invest and develop their careers in the city
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