New Hong Kong report useful but investors will do their own research, experts say

The Hong Kong government’s first business report in four years can offer investors some reference but may not be enough to sway those holding preconceived views about the city due to geopolitical tensions, commerce chamber chiefs and economists have said.
Industry leaders and experts offered their views hours after Financial Secretary Paul Chan Mo-po unveiled the 102-page report, titled “Unique Strengths under ‘One Country, Two Systems’”, on Wednesday.

The document aims to show the world that Hong Kong has been picking up in recent years with the restoration of social stability. Chan said that the report was significant in that it would help dispel misconceptions in the West about Hong Kong’s situation.

Gan Khai Choon, chairman mentor of the Malaysian Chamber of Commerce in Hong Kong and Macau, said that investment from the country and other Asean jurisdictions would continue to flow into the city regardless of the report’s release.

“These investors will rely on their own research and the views they get from their contacts in Hong Kong,” said Gan, who is also the managing director of investment firm Hong Leong International (HK).

Gan Khai Choon says investment will continue to flow into Hong Kong from Malaysia anyway. Photo: Jonathan Wong
Gan Khai Choon says investment will continue to flow into Hong Kong from Malaysia anyway. Photo: Jonathan Wong

Basil Hwang, vice-chairman of the Singapore Chamber of Commerce in Hong Kong, said the report was “one tool among many” that the city could deploy to engage international businesses and that it was helpful in summarising Hong Kong’s advantages.

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