Financial Secretary says new govt will strike a balance between anti-epidemic regulations, border reopening and international exchanges to maintain competitiveness

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23rd June 2022 – (Hong Kong) The Financial Secretary, Paul Chan said today that the new government will strike a balance between anti-epidemic regulations, border reopening and international exchanges to maintain Hong Kong’s competitiveness. Regarding the migration wave in recent years, he admitted that there is a brain drain in Hong Kong, but believes that Hong Kong is still a place with opportunities and room for development.

In an interview with the media reporters today, Chan pointed out that the new government will focus on epidemic prevention, anti-epidemic regulations, border reopening, and international exchanges, and will seek an appropriate balance to maintain Hong Kong’s competitiveness. He also described the turbulent environment in the external financial market. He has formulated a risk plan to monitor the market 24 hours a day and established a defence buffer system, but he emphasised that the plan does not include a review of the linked exchange rate system.

When asked about many Hong Kong people losing confidence in Hong Kong and choosing to migrate, Chan likened Hong Kong to a home, and it is not surprising that the opinions of the family members are not always the same, and they have different views on things. He also believes that Hong Kong is still a place with opportunities and room for development. Chen also admitted that there is a brain drain in Hong Kong, and will provide more career development opportunities and strengthen the training of young talents in the future.


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