The Hong Kong Economic and Trade Office in San Francisco and The Committee of 100 (C100) co-hosted a webinar on November 30 on the future prospects of Hong Kong as an international financial center and business hub.

Mr Christopher Hui, Secretary for Financial Services and the Treasury of the Hong Kong Special Administrative Region Government, and Mr Ronnie Chan, Chair of Hang Lung Properties Limited and C100 member, were the featured speakers.  Mr Zhengyu Huang, C100’s President moderated the event.

At the webinar, Secretary Hui introduced the latest initiatives for financial services development announced in the 2020 Policy Address.  He gave an overview on how Hong Kong would be enhanced as a comprehensive international financial center, it’s the Government’s efforts to further develop Fintech and to enhance Hong Kong’s role as a premier asset and wealth management center in Asia. 

Amid the pandemic, Hong Kong ‘s fiscal reserves still stand at a healthy and robust level and the Government had launched four rounds of measures to assist the affected industries and the public. Job creation programs for the financial services industry were launched to provide job opportunities to young professionals and develop talents in the industry.

During the engaging conversation among Mr Huang, Mr Hui and Mr Chan, participants gained insights on how the HKSAR government and businesses were addressing the recent US-China tensions and its implications on Hong Kong.