HK's Economic Momentum In Full Swing: FS

Financial Secretary Paul Chan on Tuesday said the administration will do more to boost Hong Kong's momentum in the coming year, including organising another global financial summit in November that will be even bigger than the last one.

Writing in the Ta Kung Pao newspaper, Chan hailed the SAR's unique position as a gateway connecting the mainland with international markets, saying it will act as a "firewall" and "testing ground" for the opening of the mainland market.

"As an international financial centre, Hong Kong has very robust and mature fintech ecosystem and infrastructure. In the future, we will strive to boost innovative technology development while also controlling the risks," Chan wrote.

The finance chief expressed confidence that the city will be able to attract more enterprises, with the launch of the Talents Service Unit online platform which aims to lure global talent.

Chan also pledged to speed up land supply, saying the Northern Metropolis plan and the artificial islands project could provide ample housing supply for Hongkongers.