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Hong Kong's Chan Promotes Innovation Amid Geopolitical Tensions

4/12/2026

Summary

Story summary

Hong Kong's Financial Secretary Paul Chan Mo-po says Hong Kong is a testing ground and firewall for China's reform and opening up.
He argues security is essential for high-quality development amid geopolitical tensions that affect global financial markets.
After issuing stablecoin licenses, Chan pledged to accelerate the transition to green energy.
He says innovation within a secure framework supports a resilient financial system, aligned with the 15th five-year plan.

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Story summary

Hong Kong's Financial Secretary Paul Chan Mo-po says Hong Kong is a testing ground and firewall for China's reform and opening up.
He argues security is essential for high-quality development amid geopolitical tensions that affect global financial markets.
After issuing stablecoin licenses, Chan pledged to accelerate the transition to green energy.
He says innovation within a secure framework supports a resilient financial system, aligned with the 15th five-year plan.