Hong Kong’s financial system remains robust and capable of withstanding external shocks, according to Christopher Hui Ching-yu, Secretary for Financial Services and the Treasury. Despite global challenges, including the impact of U.S. tariff policies, Hong Kong’s stock market has remained stable and operational, demonstrating the city’s resilience.
In a televised interview, Hui emphasized that Hong Kong’s financial market has weathered several crises, including the Asian financial turmoil, and continues to operate smoothly. He also criticized U.S. tariffs, describing them as “unreasonable and harmful,” but reiterated that the Hong Kong market has remained steady despite these external pressures.
To reinforce Hong Kong’s attractiveness to global investors, the government has been actively organizing major events that highlight the city’s stability and predictability. Hui shared that during a meeting with a business delegation from the United Arab Emirates last week, the visitors expressed interest in exploring potential partnerships, noting that Hong Kong’s market conditions were more favorable than media reports suggested.
Looking ahead, Hui stressed the need for Hong Kong to diversify its growth drivers. Amid global uncertainties, he pointed to the importance of expanding beyond traditional equity and bond markets to reduce risks and ensure long-term growth. The government is working on a roadmap to develop the city’s fixed-income and currency markets, with plans to unveil this by the end of the year. The goal is to tap into opportunities arising from the internationalization of the yuan and regional economic integration, all while strengthening ties between finance and the real economy.
Hui also highlighted Hong Kong’s strong position in the global fintech sector. According to the latest Global Financial Centres Index, Hong Kong ranked fourth in fintech. The city has seen a surge in Web3 startups, many of which have been founded by overseas entrepreneurs, further cementing Hong Kong’s appeal as a hub for innovation and digital finance.
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