Hong Kong’s finance minister has conceded that investment from the US could drop under the looming threat of sanctions, but maintained the city remained well-positioned to attract international talent and businesses.
Financial Secretary Paul Chan Mo-po was speaking to the press during a Beijing-organised media tour to promote the Greater Bay Area, two weeks after he led a delegation to France and California to lure investment.
Asked by the Post whether he was worried about the impact of possible fresh US sanctions on Hong Kong, Chan said: “Given this geopolitical tension, the capital market would be more volatile. Certain funds, say for example those from the US, may reduce their allocation to this part of the world.
“But in our engagement with the investment sector in the United States, they are still very keen on the Greater Bay Area and the development of China, as they believe…
