Hong Kong Targets Second-Largest Global Financial Center Status Within 10-15 Years, Says Finance Secretary

Gate News message, April 15 — Hong Kong Finance Secretary Paul Chan Mo-po expressed confidence that Hong Kong will rank second among the world’s leading international financial centers within 10 to 15 years, up from its current third-place position. Speaking at the HSBC Global Investment Summit 2026, Chan stated, “If you want to invest in the future, invest in Hong Kong.”

Chan attributed Hong Kong’s resilience to the adaptability of its people and business community, noting their ability to adjust to geopolitical shifts. He emphasized that attracting more technology companies to establish operations and build ecosystems in Hong Kong is crucial for the coming years. The finance secretary also highlighted Hong Kong’s unique advantage as a gateway connecting mainland China to international markets. He expressed confidence in mainland China’s economic growth over the next decade, noting that rising incomes among mainland residents have created significant demand for offshore asset allocation, presenting substantial opportunities for Hong Kong’s asset and wealth management sectors.

Chan also addressed Hong Kong’s regulatory framework for stablecoins, following the Monetary Authority’s issuance of the first two stablecoin operator licenses last week. He noted that stablecoins, based on blockchain technology, offer clear cross-border payment advantages including decentralization, fast transactions, low costs, and strong privacy. However, he acknowledged the associated risks to financial stability and consumer protection, emphasizing that Hong Kong’s regulatory framework ensures sustainable and reliable stablecoin development.