Hong Kong’s Advantages Spotlighted at WEF Annual Meeting in Davos

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HONG KONG SAR – Media OutReach Newswire – 23 January 2025 – Financial Secretary of the Hong Kong Special Administrative Region (SAR), Paul Chan, is among nearly 3,000 political leaders, financial officials and business elites attending the World Economic Forum (WEF) Annual Meeting in Davos, Switzerland.

Mr Chan has met with several representatives of the Gulf Cooperation Council countries, including Minister of State for Foreign Trade of the United Arab Emirates, Dr Thani bin Ahmed Al Zeyoudi (right), to further strengthen bilateral co-peration with the region.

On fintech, Mr Chan met the Chief Executive Officer of stablecoin issuer Circle, Jeremy Allaire to learn about the company’s business development strategies in Asia, and Martin Gilbert, the Chair of Revolut, a UK-based fintech company specialising in digital banking services.

Building on the success of the inaugural “Gulf Cooperation Council Chapter” (GCC Chapter) at the Asian Financial Forum in Hong Kong earlier this month, Mr Chan met several representatives of GCC countries with a view to further strengthening bilateral co-operation and accelerating the signing of a free trade agreement between Hong Kong and the GCC.

He noted that the Hong Kong SAR Government will actively promote more two-way visits of business delegations, thereby facilitating the matching of projects in the digital economy and green transformation, as well as co-operation in the securities markets, Islamic finance, and asset and wealth management between Hong Kong and the Arab States.

Representatives of the Airport Authority Hong Kong, the MTR Corporation Limited and the Hong Kong Exchanges and Clearing Limited are also attending the WEF Annual Meeting, which adopts the theme of “Collaboration for the Intelligent Age”
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