In his weekly blog, Paul Chan also urged different sectors to lure foreign capital and talent amid changes in the global market, saying the United States’ so-called reciprocal tariffs have caused severe volatility.
He said the SAR government will maintain vigilance and enhance monitoring, forecasting, and planning to cope with the evolving situation.
“Hong Kong can break new ground amid the changing landscape, as long as people stay united and do their best,” Chan said.
Many large-scale international financial institutions and long-term capital are looking to step up participation in the Hong Kong market, he added, while overseas scientists and scholars are considering relocating to the SAR.
“We are actively attracting quality issuers from all over the world to list in Hong Kong,” Chan said.
He revealed that the Securities and Futures Commission and Hong Kong Exchanges and Clearing have been instructed to make preparations for a possible surge in mainland firms looking to list in the SAR.
On a related note, Secretary for Financial Services and the Treasury Christopher Hui has voiced his confidence in the Hong Kong market, saying it has gone through many challenges before.
Speaking on a Commercial Radio programme on Sunday, the minister said authorities will continue to enhance the market’s safety, stability and foreseeability.
“As a market operator, what we need to achieve is a credible market which both buyers and sellers will participate in, and it needs to operate smoothly,” Hui said.
“As in the past, when even the macro environment, like what you said, is more complicated, it is important for us to stay calm and continue our work.”