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Paul Chan

The Northern Metropolis will be developed on land at the border with Shenzhen. Photo: Martin Chan

Hong Kong economy

Firms to pledge support for Hong Kong’s Northern Metropolis after Beijing’s call

Firms will attend ceremony on Friday to show they intend to take part in the mega development, sources say.

25 Nov 2024 - 9:33PM

IPO

Hong Kong to boost financial reforms to aid Chinese firms: Paul Chan

25 Nov 2024 - 6:00PM

Hong Kong economy

Hong Kong will grow tech sector with input from experts like Nvidia’s Jensen Huang

25 Nov 2024 - 10:55AM

Wealth management

Hong Kong’s wealth sector thrives as political uncertainty, geopolitics swirl

The Capital Investment Entrant Scheme, launched in March, has brought in more than HK$20 billion from 670 applications, Paul Chan says.

22 Nov 2024 - 2:54PMvideocam

Net inflows into wealth management products offered in Hong Kong nearly tripled to HK$341 billion in 2023, from a year earlier. Photo: Eugene Lee

Banking & finance

Editorial | More growth ahead as cross-border Connect turns 10

Status of Hong Kong as offshore financial hub for mainland China has been greatly enhanced by ever-widening investment scheme.

21 Nov 2024 - 6:30AM

Hong Kong politics

Explainer | US threatens sanctions: what Hong Kong can expect after the jailing of 45 activists

The Post reviews how Hong Kong was caught in China-US geopolitical crosshairs and the impact of restrictive measures on the city.

21 Nov 2024 - 6:05AMvideocam

HKEX

Top bankers gather in Hong Kong for summit as regulators promise more reforms

Chinese Vice-Premier He Lifeng, who is bringing a huge delegation, will deliver a keynote speech.

18 Nov 2024 - 9:02PM

CSRC Vice-Chairman Li Ming appears at the HKEX Connect Summit in Hong Kong on November 18, 2024. Photo: Jonathan Wong

Bonds

Hong Kong to issue HK$20 billion retail infrastructure bond

The bond, which have a tenor of three years, will provide assured returns of 3.5 per cent to be paid every six months.

18 Nov 2024 - 2:54PM

Hong Kong politics

Reset to Hong Kong-UK ties? British minister to meet city officials during visit

Minister for the Indo-Pacific Catherine West to meet No 2 official Eric Chan and finance chief Paul Chan, as well as UK business leaders.

14 Nov 2024 - 9:15PMvideocam

Hong Kong economy

Hong Kong rises to No 7 in digital competitiveness ranking, Singapore at No 1

Hong Kong rises three places in report by Swiss International Institute for Management Development, strong in ‘technology’ and ‘knowledge’.

14 Nov 2024 - 6:42PM

A demonstration of the “Galbot” robot at a launch ceremony of a joint venture between Hong Kong Investment Corporation and Beijing-based techonology start-up Galbot in July. Photo: Dickson Lee

Hong Kong economy

Firms setting up in Hong Kong shrug off fears over Trump’s return

Another 17 companies agree to establish presence in city, with several saying their investments show their confidence in local economy.

12 Nov 2024 - 4:38PM

Financial Secretary Paul Chan (second from the left) attends the signing ceremony. Photo: Handout

Hong Kong economy

Another 17 firms to set up offices in Hong Kong under push to develop I&T sector

Financial Secretary Paul Chan also says city will need to be fully prepared for effects on global economy brought about by US presidential election.

10 Nov 2024 - 5:03PM

FII conference

Hong Kong start-ups find warm welcome, big opportunities in Saudi Arabia

Executives in a recent delegation praise Saudi Arabia’s pace of modernisation and eagerness to do business.

10 Nov 2024 - 11:02AM

Hong Kong

Editorial | Welcome AI, but put Hong Kong protections in place

New policy by the Hong Kong government on the ‘responsible’ use of AI is both timely and sensible for an international financial centre.

1 Nov 2024 - 6:30AM

The Hong Kong government’s move to issue AI guidelines comes after Hongkongers lost more than HK$9.18 billion to financial scammers last year. Photo: Shutterstock

Hong Kong economy

Full-year forecast to be revised as strength in Hong Kong economy peters out

Hong Kong economy grew 1.8 per cent year on year in the third quarter.

31 Oct 2024 - 8:05PM

In the first nine months, exports of goods grew 10.7 per cent over the same period last year, while imports increased 7.1 per cent. Photo: Jelly Tse

ETFs

Saudi Arabia’s first ETF tracking Hong Kong stocks opens flat on Tadawul debut

Albilad ETF, which tracks 30 Hong Kong-listed sharia-compliant stocks, opened flat at the opening bell.

30 Oct 2024 - 9:20PM

Hong Kong transport

Cathay’s Hong Kong-Riyadh flights ‘will unlock business, travel opportunities’

Hong Kong flag carrier has relaunched a direct passenger service to the Saudi Arabian capital Riyadh, with the first flight on Monday.

28 Oct 2024 - 9:38PM

Hong Kong economy

Ex-Hong Kong Cyberport CEO to lead Office for Attracting Strategic Enterprises

Peter Yan’s new role will involve reaching out to at least 350 enterprises by 2025 to encourage them to establish or expand local operations.

28 Oct 2024 - 3:40PM

Peter Yan has more than 39 years of experience in the technology sector, according to the government. Photo: Handout

Hong Kong economy

Hong Kong seeks deeper I&T ties with Saudi Arabia, Paul Chan says before Gulf trip

Finance chief also says third-quarter figures for economy, to be released this week, ‘not that great’ even as he strikes optimistic tone.

27 Oct 2024 - 9:41PM

Gold in Hong Kong

How Hong Kong can compete with Singapore, Dubai in gold trading

Hong Kong has to create a comprehensive gold trading ecosystem, attract international traders, central banks and hedge funds.

27 Oct 2024 - 11:00AMvideocam

Hong Kong economy

Hong Kong to keep lobbying Beijing for IPO push, bay area benefits: Paul Chan

Investor confidence has returned to city, finance minister says during trip to US.

24 Oct 2024 - 9:39PM

Finance chief Paul Chan is on a visit to New York. Photo: ISD

Hong Kong economy

Financial crises have taught Hong Kong how to brace for shocks: Paul Chan

Finance chief tells forum in US that city is ‘back once again with a stable, welcoming and promising business environment’.

23 Oct 2024 - 8:08PM

Hong Kong authorities are also set to publish a policy statement on artificial intelligence next week. Photo: May Tse

Hong Kong economy

Hong Kong’s Paul Chan touts use of bonds to fund public works in Apec speech

Financial secretary meets counterparts at Apec gathering in Peru, ahead of trip to US.

22 Oct 2024 - 2:14AM

Hong Kong economy

Gold and other commodities markets can drive Hong Kong’s growth: finance chief

Paul Chan notes city is strategically located between mainland China and India – two large consumer markets for gold.

20 Oct 2024 - 4:20PMvideocam

John Lee policy address 2024

Hong Kong’s easing of mortgage restrictions targets ‘normality’: Paul Chan

Finance chief also says relaxation of cash-for-residency scheme will not ‘disturb’ market after change to include luxury home purchases.

18 Oct 2024 - 2:06PM

Authorities have announced the increasing of the loan-to-price ratio to 70 per cent for all properties. Photo: Eugene Lee

Hong Kong property

Hong Kong home-mortgage tweak creates ‘positive expectation’: Paul Chan

Analysts agree the change will spur buying, but caution a full recovery may take ‘years’ given a glut of new-home inventory.

17 Oct 2024 - 6:39PM

Properties priced above HK$30 million are displayed at an estate agent’s office in Happy Valley on October 16, 2024. Photo: Nora Tam

John Lee policy address 2024

Hong Kong SMEs facing loan hurdles should contact Monetary Authority: John Lee

Chief executive tells public he instructed Monetary Authority to form task force with banks to deal with individual SME cases.

17 Oct 2024 - 5:14PM

China-Australia relations

Editorial | Lobsters deal whets appetite for better China-Australia ties

Lifting of ban by mainland China on the Australian seafood raises hopes of a continuing improvement in relations between two countries.

15 Oct 2024 - 1:04AM

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Paul Chan

Paul Chan Mo-po is Hong Kong's financial secretary. An accountant and the former president of the Hong Kong Institute of Certified Public Accountants (HKICPA), he was appointed development secretary by Chief Executive Leung Chun-ying after the resignation of Mak Chai-kwong following a housing allowance scandal. In July 2013, Chan was accused of a conflict of interest when it was revealed that he or his family had an interest in a plot of land in the New Territories that the government had plans to develop. In January 2017, he was named to his current position.

Born

18 Mar 1955

Industry

Politics

Job Title

Financial Secretary of Hong Kong SAR

last updated:

7 October, 2024