China’s crackdown on cross-border securities trading could strengthen – rather than diminish – Hong Kong’s financial role, according to economists, as Beijing steers more capital through official channels and reinforces the city’s status as an offshore yuan hub. “I would argue that these moves make the importance of Hong Kong even bigger,” Diana Choyleva, founder…
Hong Kong’s lawmaker for the sports sector has urged authorities to focus on ensuring fair access to AI rather than attempting to restrict its use, arguing that the technology has increasingly reshaped athlete development and competitions. Speaking at a World Economic Forum panel in mainland China’s Dalian on Tuesday, Kenneth Fok Kai-kong said that artificial…
Catch up on the key stories and developments shaping the financial world. Top stories: Xi-Trump talks point to tentative stabilization; Regulators turn up the heat on private credit; AI‑powered cyber threats test financial resilience. For more on the World Economic Forum’s work in finance, visit the Centre for Financial and Monetary Systems. 1. US-China summit…
It started with a mysterious slack from our editor-in-chief, Jamie Heller: Can you talk now? It was the kind of urgent message you never want to get from your boss’ boss. What did I do? Am I in trouble? Is she laying me off? I scoured my brain for all the ways I’d probably disappointed…
Hong Kong’s economy expanded by 3.5 per cent in 2025, marking the city’s third consecutive year of growth and surpassing an earlier forecast of 3.2 per cent. Advance estimates released by the Census and Statistics Department on Friday also showed gross domestic product (GDP) in the fourth quarter increased by 3.8 per cent compared with…
David Sacks has warned that the US risks losing the global AI competition to China due to excessive negativity and overregulation around the technology. During a conversation with Salesforce CEO Marc Benioff at the World Economic Forum in Davos, the technology investor, who US President Donald Trump appointed as his AI and crypto czar, cautioned…
When Hong Kong’s Financial Secretary Paul Chan addressed stablecoins at the 2026 World Economic Forum in Davos, the significance of his remarks lay not in grand ambition but in their restraint. There were no sweeping claims about reshaping global finance, nor statements framing stablecoins as a challenge to existing monetary systems. Instead, Chan outlined something…
Shifting policies under US President Donald Trump’s administration are expected to heighten market volatility in Hong Kong this year, the finance chief has said, but he also expressed “cautious optimism” about the capital market, noting that business and political leaders he met at the World Economic Forum viewed the city much more positively than in…
Hong Kong, SAR–(Newsfile Corp. – January 21, 2026) – Paul Chan, Financial Secretary of the Hong Kong Special Administrative Region (HKSAR), has joined about 3,000 world leaders attending the 56th Annual Meeting of the World Economic Forum (WEF) in Davos, Switzerland (January 19-23). During the WEF Annual Meeting 2026, themed “A Spirit of Dialogue”, Mr…
DAVOS, Switzerland (AP) — The World Economic Forum think tank opened its four-day annual meeting in the Swiss town of Davos on Tuesday where political leaders and business leaders will discuss issues ranging from economic disparity to climate change to world conflicts. This year’s geopolitical context — with the recent U.S. military strike in Venezuela,protests…