Hong Kong's Financial Secretary Paul Chan Mo-po (second right) and Director-General of the Offices for Attracting Strategic Enterprises Philip Yung Wai Hung (right) meet with representatives of the Fintech Association of Malaysia, on March 27, in Kuala Lumpur, Malaysia. (PHOTO / HKSAR GOVERNMENT)
Hong Kong Financial Secretary Paul Chan Mo-po said during his official visit to Southeast Asia as part of the SAR’s efforts to attract overseas capital that Malaysian fintech enterprises are welcome to explore business opportunities in Hong Kong.
At a meeting with representatives of the Fintech Association of Malaysia on Monday, Chan invited the country’s fintech sector to thrive in the Hong Kong market alongside those that are already established in the global financial hub.
The finance chief introduced Hong Kong’s developments in fintech, and the measures announced in the 2023-24 Budget to speed up the growth and development of the digital economy and Web3.
Chan encouraged Malaysian enterprises to utilize Hong Kong's unique advantages as a gateway to enter the Chinese mainland market, especially the market in the Guangdong-Hong Kong-Macao Greater Bay Area
He said international fintech companies are interested in the city's development, and the supporting policies provide clear directions for these enterprises to develop in Hong Kong.
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Chan was also briefed on the latest developments in the fintech industry in Malaysia.
Chan delivered a keynote speech at a luncheon co-organized by the Hong Kong Economic and Trade Office, Jakarta (HKETO Jakarta) and the National Chamber of Commerce and Industry of Malaysia. He highlighted that it is the best time to invest in Hong Kong and take advantage of the city's recovery momentum.
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He encouraged Malaysian enterprises to utilize Hong Kong's unique advantages as a gateway to enter the Chinese mainland market, especially the market in the Guangdong-Hong Kong-Macao Greater Bay Area.
In the afternoon, Chan paid a courtesy call to Tang Rui, the Chargé d'Affaires ad Interim of the Embassy of the People's Republic of China in Malaysia, and provided updates on the latest situation in Hong Kong.
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He also met with representatives of healthcare and financial enterprises in Malaysia to exchange views with them on the latest developments in each of those sectors.
Chan departs for Singapore on Tuesday and will stay in the city-state until Thursday.