Chen Maobo: Does not believe the world is forming a fragmented financial system, overseas funds are still paying attention to the opportunities for development in mainland China.

Hong Kong Financial Secretary Paul Chan Mo-po said during a discussion session at the World Economic Forum that he does not believe the world is forming a fragmented financial system, but the trend of economies using their own currencies for trade and investment settlement, diversifying exchange rate risks, and reducing costs will continue to naturally develop. He pointed out that China has a significant share of global trade, leading to an increasing use of the renminbi for cross-border payments and settlement, and as a result, the international monetary system is steadily moving towards diversification. He emphasized that emerging payment systems and cross-border infrastructure should be seen as complementary solutions to increase choices, improve efficiency, reduce costs, and strengthen financial security and resilience, rather than zero-sum alternatives. Speaking about Hong Kong's role, Paul Chan Mo-po pointed out that despite geopolitical uncertainties, overseas funds still value mainland China's innovation capabilities and attractive valuations. Institutional investors from Europe and the United States remain important participants in Hong Kong's IPO and secondary markets. He mentioned that while Hong Kong consolidates its position as an international financial center, it will actively promote financial technology innovations including tokenized assets under the premise of prudent regulation and safeguarding financial stability. This includes the Hong Kong SAR government issuing tokenized bonds, expanding investor base, and promoting green finance and the development of the real economy.