Breaking
CN11-Year-Old Yuki Kurihara Wins Asian Games Gold in Puyo Puyo, Calls Victory 'Embarrassing'TRThe source code of Urich's press tracking system has been made publicly available on GitHubRU160 Ukrainian aircraft-type drones were destroyed over the Bryansk region in 24 hoursFRZinedine Zidane makes tactical changes to France team despite narrow victory against TurkeyCNWoman suddenly fainted after security check at Taipei Songshan Airport and died in emergency treatmentINTLBangkok declares disaster across 50 districts after severe floodingDE17-year-old and father attack police officers while trying to escape in DingolfingEUSaudi-led Coalition Intercepts Houthi Drones and Missiles Targeting Saudi ArabiaINTLOpenAI admits AI agents shared user images and attempted hacks on government sitesRUThe Russian military attacked military cargo of the Ukrainian Armed Forces in the Black Sea and on the territory of UkraineCN11-Year-Old Yuki Kurihara Wins Asian Games Gold in Puyo Puyo, Calls Victory 'Embarrassing'TRThe source code of Urich's press tracking system has been made publicly available on GitHubRU160 Ukrainian aircraft-type drones were destroyed over the Bryansk region in 24 hoursFRZinedine Zidane makes tactical changes to France team despite narrow victory against TurkeyCNWoman suddenly fainted after security check at Taipei Songshan Airport and died in emergency treatmentINTLBangkok declares disaster across 50 districts after severe floodingDE17-year-old and father attack police officers while trying to escape in DingolfingEUSaudi-led Coalition Intercepts Houthi Drones and Missiles Targeting Saudi ArabiaINTLOpenAI admits AI agents shared user images and attempted hacks on government sitesRUThe Russian military attacked military cargo of the Ukrainian Armed Forces in the Black Sea and on the territory of Ukraine
Newsgather
All StoriesWorldSportsFinanceTechScienceHealthCultureClimatePoliticsSpace
BackHong Kong finance chief predicts positive market response to Xi-Trump summit
Hong Kong finance chief predicts positive market response to Xi-Trump summit
Developing
SCMP Economy1 hour agoBusiness1 min readChina

Hong Kong finance chief predicts positive market response to Xi-Trump summit

hong kongfinancial secretarypaul chan mo-po

Quick Look

Hong Kong's Financial Secretary Paul Chan Mo-po predicted a positive market reaction to the Xi-Trump summit, stating that reduced geopolitical uncertainties would boost investor confidence and stabilize capital flows.

AI-generated summary

Why It Matters

The Xi-Trump summit took place in Washington after a three-day visit by the Chinese president, with both sides agreeing to continue talks despite limited concrete outcomes.

Font size

Hong Kong’s finance chief has predicted a positive market response to the Xi-Trump summit, saying the mitigation of geopolitical uncertainties will bolster investor confidence.

Financial Secretary Paul Chan Mo-po made his prediction on a radio programme on Saturday, a day after Chinese President Xi Jinping wrapped up a three-day visit to Washington to meet with US counterpart Donald Trump, with promises of more talks despite limited deliverables.

“I believe the market will have a positive interpretation … Previously, the geopolitics caused concerns over economic prospects, leading to uncertainty and capital flow volatility. If this factor could be mitigated, investors would feel more secure when positioning their portfolios,” Chan said.

What to Watch

AI outlook — possibilities, not facts

  • Market will have a positive interpretation of the Xi-Trump summit

    Likely · Within days

Open Questions

  • What specific agreements were reached during the Xi-Trump summit?
  • How long will the positive market sentiment last?
  • Are there any risks to the optimism expressed by Hong Kong's finance chief?

Related Topics

hong kong
PeoplePaul Chan Mo-poXi JinpingDonald Trump
OrganizationsHong Kong GovernmentPeople's Republic of ChinaUnited States Government
PlacesHong KongWashington
Topicsfinancial secretarypaul chan mo-poxi jinpingdonald trumpsummitgeopolitics
This article was originally published by SCMP Economy.

Related Stories

InterContinental Hotel Taipei’s free check-in event was questioned as a black box operation, and Internet celebrity KOL’s occupation of the list caused controversy
Developing·

InterContinental Hotel Taipei’s free check-in event was questioned as a black box operation, and Internet celebrity KOL’s occupation of the list caused controversy

The InterContinental Hotel in Taipei held a "Love Letter to Taipei" free stay event and selected 80 trial residents from more than 80,000 participants. However, after the list was made public, netizens questioned the large number of Internet celebrities and KOLs with social influence who won the lottery, and suspected that the selection process lacked transparency. The hotel responded that social influence was not a condition of the lottery and emphasized that the selected candidates must sign a confidentiality clause, but this failed to calm the anger of netizens. Many netizens expressed distrust and announced their withdrawal or refusal to participate in future activities.

自由时报
2 min read
National Advanced Manufacturing Conference held: Emphasizing integrated development is the key to making advanced manufacturing bigger and stronger
Developing·

National Advanced Manufacturing Conference held: Emphasizing integrated development is the key to making advanced manufacturing bigger and stronger

The National Advanced Manufacturing Conference was held in Beijing in the first year of the "15th Five-Year Plan", highlighting the strategic position of advanced manufacturing in China's modernization. Data show that from January to August this year, the added value of industries above designated size nationwide increased by 5.3% year-on-year, with high-tech manufacturing and other new kinetic energy fields contributing more than 50%. The meeting pointed out that the development of my country's advanced manufacturing industry faces challenges such as a poor match between factor supply and industrial demand and uneven regional development. Cross-border integration was emphasized as an important driving force, and scenarios such as artificial intelligence glasses and Hefei Luogang Park demonstrated the results of cross-application of technologies. Hubei, Guangdong and other places are actively exploring ways to deeply integrate advanced manufacturing and modern service industries. In the future, it is necessary to actively connect digital technology, urban scenarios, people's livelihood needs and global markets, reconstruct products, business formats and business models with cross-border innovation, build an integrated ecology of technology empowerment, scenario implementation, industrial agglomeration and service support, promote the deep coupling of manufacturing with artificial intelligence, biotechnology, etc., and cultivate new growth points for future industries.

中国新闻网
2 min read
The policy of fiscal and financial coordination to promote domestic demand has achieved remarkable results after two months of implementation. Corporate financing costs have dropped and residents’ consumption has benefited.
Developing·

The policy of fiscal and financial coordination to promote domestic demand has achieved remarkable results after two months of implementation. Corporate financing costs have dropped and residents’ consumption has benefited.

Since August 1, my country has optimized and implemented fiscal and financial coordination policies to promote domestic demand, increased the interest discount loan quota for small, medium and micro enterprises to 75 million yuan, expanded the coverage of working capital loan interest discounts, and increased the interest discount quota for residents to 5,000 yuan. Two months after the policy was implemented, a parts company in Zhuzhou, Hunan, fully enjoyed interest discounts on a 70 million yuan loan, and the interest savings are expected to exceed 2 million yuan; a Changsha new materials company received a 30 million yuan working capital loan and enjoyed a 1 percentage point discount; residents in Jinan, Shandong and Chengdu, Sichuan, enjoyed interest discounts through installments for cars and renovations respectively, effectively reducing repayment pressure. Data show that in August, Hunan Province’s service industry loans increased by 138% month-on-month, and 33.6 billion yuan of working capital loans for small, medium and micro enterprises in a single month were included in the scope of interest discounts.

中国新闻网
3 min read
U.S. think tank warns: Tariffs on Taiwan may harm AI development, Taiwanese businessmen have invested more than $300 billion in the U.S.
Developing·

U.S. think tank warns: Tariffs on Taiwan may harm AI development, Taiwanese businessmen have invested more than $300 billion in the U.S.

The Hudson Institute, a U.S. think tank, warned that if the Trump administration imposes tariffs on Taiwan due to the expansion of the trade deficit between the United States and Taiwan, it may jeopardize U.S. AI development goals. The report pointed out that the total amount of investment committed by Taiwanese companies in the United States has exceeded US$300 billion, and TSMC’s cumulative FDI has reached US$265 billion. The US’s imports of technology and AI-related goods from Taiwan have increased by more than 200% in two years. The report recommends that the U.S. Congress pass the "Taiwan-U.S. Bilateral Tax Agreement" as soon as possible, and Taiwan completes the implementation legislation of the "Bilateral Reciprocal Trade Agreement" to maintain U.S.-Taiwan cooperative relations and avoid trade imbalance measures from affecting the U.S.'s leading position in the AI ​​field.

自由时报
3 min read
Ningxia's Helan Mountain Eastern Foothills wine production area targets young people and takes multiple measures to expand the consumer market
Developing·

Ningxia's Helan Mountain Eastern Foothills wine production area targets young people and takes multiple measures to expand the consumer market

As the largest wine grape producing area in China, the annual output of wine at the eastern foot of Helan Mountain in Ningxia reaches 140 million bottles, accounting for nearly 50% of the total number of domestic wineries. In order to broaden the consumer base, local wine companies have attracted young consumers through low-alcohol sweet products, e-commerce layout, blind box marketing and cross-border cooperation. Online consumers aged 25 to 40 account for more than 45%. Consumer expectations are shifting from 'brand + price' to 'production area + style + scene + taste'

中国新闻网
3 min read
More on this topichong kong