FS promotes Hong Kong's advantages to global leaders in Switzerland (with photos/video)
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At noon, Mr Chan attended the "2026 Davos-Caixin CEO Luncheon" themed "Beyond Old Models: Designing Growth That Works" and delivered a keynote speech. In his speech, Mr Chan introduced the steady progress Hong Kong has made over the past year or two, and shared the city's development vision and strategic positioning in its three key growth engines — finance, trade as well as innovation and technology.
He highlighted that breakthroughs in technologies such as artificial intelligence and blockchain are driving profound industrial transformation and economic growth. All economies must embrace these developments. Under the "one country, two systems", Hong Kong is actively exploring and piloting initiatives in financial and technological innovation. With strong collaboration with neighbouring cities in the Guangdong-Hong Kong-Macao Greater Bay Area that boast robust innovation and technology industrial chains, Hong Kong holds tremendous development potential and is a worthwhile investment destination.
Mr Chan also pointed out that international trade is undergoing a paradigm shift. Developed countries must be aware that the traditional development model of producing and exporting low-cost goods, previously dominant among developing economies, is evolving. Taking China as an example, the country is advancing high-level, two-way opening-up and driving its economy with a focus on expanding domestic demand. This not only injects momentum into China's high-quality development, but also creates vast market opportunities for quality goods and services from across the globe, fostering shared prosperity.
In the evening, Mr Chan attended a dinner themed "China in Focus" and delivered a speech sharing his views on China's development, international relations, as well as capital market developments in both the Mainland and Hong Kong.
Earlier in the day, Mr Chan also attended a business exchange session of the WEF Annual Meeting, where he interacted with nearly 100 leaders from various sectors and regions. The discussion covered topics such as the outlook for the United States and global economies, strategies to enhance economic resilience, and ways to promote growth.
Meanwhile, Mr Chan also held bilateral meetings with the Deputy Prime Minister of Cambodia, Mr Sun Chanthol, and the Minister of State for Financial Affairs of the United Arab Emirates, Mr Mohamed bin Hadi Al Hussaini. They exchanged views on the global economic and trade landscape and matters of mutual interest, and explored ways to strengthen bilateral economic and trade co-operation. Mr Chan also met with the Chairlady and Founder of medical technology company Yidu Tech, Ms Gong Yingying, yesterday to learn about the development of its AI and digital-powered clinical platform. He encouraged the company to consider expanding its business to Hong Kong.
Mr Chan will continue his visit in Davos today (January 22, Davos time).
Ends/Thursday, January 22, 2026
Issued at HKT 9:00
Issued at HKT 9:00
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