Asia SGE | At Davos, Hong Kong Positions Itself as the World’s Next Digital Assets Hub

Hong Kong's Financial Secretary, Paul Chan, continued his engagements on the second day of the World Economic Forum Annual Meeting in Davos. His schedule underscored Hong Kong's dual focus on championing technological innovation in finance and strengthening global economic partnerships.

Davos: The Global Launchpad for Hong Kong's Digital Assets Ambition

A key highlight was his participation in a discussion hosted by Animoca Brands, where he outlined Hong Kong's proactive and regulated approach to developing the digital asset ecosystem. Mr. Chan positioned financial technology as a driver for market efficiency and real economic growth, citing Hong Kong's licensing of virtual asset trading platforms, upcoming stablecoin regulations, and its leadership in issuing over US$2.1 billion in tokenised green bonds.

Forging the Future: Global Partnerships for Digital Assets

Beyond fintech, Mr. Chan held a series of strategic meetings with senior international figures, including the Deputy Prime Minister of Thailand, the Secretary-General of the Gulf Cooperation Council, and the WTO Director-General, Dr. Ngozi Okonjo-Iweala. These discussions centered on navigating the global economic landscape, reinforcing multilateral trade, and exploring collaborative opportunities in trade, finance, and digital transformation.

His itinerary also included encouraging a major technology investment firm to expand its presence in Hong Kong, actively promoting the city's advantages as a business hub. Mr. Chan's program in Davos consistently aimed to brief global leaders on Hong Kong's latest developments and unique role as an international financial centre, while fostering stronger bilateral and multilateral economic ties.

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