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Hong Kong Aims for Second Global Financial Hub by 2038

4/15/2026

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Summary

Story summary

Hong Kong's Finance Secretary Paul Chan Mo-po forecast the city will reach at least second place as a global financial center within 10 to 15 years.
Speaking at the HSBC Global Investment Summit, Chan cited Hong Kong's stable environment, 3.5% GDP growth, and robust export performance.
Economist Simon Lee warned that Hong Kong must diversify its financial markets, especially the bond sector, to reach and sustain a higher ranking.

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Story summary

Hong Kong's Finance Secretary Paul Chan Mo-po forecast the city will reach at least second place as a global financial center within 10 to 15 years.
Speaking at the HSBC Global Investment Summit, Chan cited Hong Kong's stable environment, 3.5% GDP growth, and robust export performance.
Economist Simon Lee warned that Hong Kong must diversify its financial markets, especially the bond sector, to reach and sustain a higher ranking.