Secrets to safeguarding Hong Kong’s status as a financial center

Hong Kong's economic environment has faced many difficulties in recent years, which made Li Zeju, chairman of CK Hutchison Holdings (00001) and Cheung Kong Holdings (01113), worried at the recent results meeting. He said frankly that Hong Kong must work hard to maintain its status as an international financial center.

Director Xia pointed out that the Hong Kong and Macao Affairs Office of the State Council has been paying close attention to Hong Kong’s economic situation. He emphasized the importance of Hong Kong in China's financial system and stated that he would continue to support Hong Kong's position on the international financial stage.

Challenges to Hong Kong’s status as a financial center

As one of Asia's most important financial centers, Hong Kong faces competitive pressure from other cities. The rise of an emerging financial center requires Hong Kong to continue to innovate and improve in order to maintain its competitive advantage.

Strengthen financial supervision

In order to maintain the stability and transparency of the financial market, Hong Kong needs to strengthen the capabilities of its financial regulatory agencies. Only by establishing a more complete regulatory system can financial risks be effectively addressed.

Promote the development of financial technology

Fintech is an important trend in the financial industry in the future. Hong Kong should actively promote the development of fintech and improve the efficiency and innovation capabilities of the financial industry. Only by advancing with the times can we stand out in the fierce international competition.