Published: 2:13pm, 27 Oct 2024Updated: 3:04pm, 27 Oct 2024
Hong Kong is seeking deeper ties with Saudi Arabia on the innovation and technology (I&T) front, the city’s finance chief has said ahead of a trip to the country to attend a high-level summit and witness the launch of two exchange-traded funds.
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Financial Secretary Paul Chan Mo-po on Sunday also touched on the economic data for the third quarter, which will be announced later this week, describing the figures as “not that great” even as he struck an optimistic tone for the future.
“You can see that the market has been more vibrant lately. In the future, we should have firm confidence in doing what we should do to boost the market, and attract more talent and capital,” he told a radio programme.
“Then Hong Kong’s future development will be more hopeful.”
On Monday, Chan will lead a 110-strong delegation to Saudi capital Riyadh for three days as part of Hong Kong’s efforts to tap into emerging markets.
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Chan said half of the delegation members were drawn from the I&T sector, including some representing start-ups, amid a push by the Gulf state to foster cooperation for economic projects.