Hong Kong to deepen ties with Global South and Middle East, finance chief says

Hong Kong's Financial Secretary, Paul Chan Mo-po, announced plans to strengthen the city's connections with emerging economies globally. This strategy involves expanding ties with the Middle East and countries participating in China's Belt and Road Initiative. The focus of these deepened relationships will span various sectors, including finance, innovation, and technology. Furthermore, Hong Kong intends to establish "networked and institutionalised" links with the Global South, which encompasses developing nations in Africa, Asia, and Latin America. These initiatives aim to build a more integrated global economic network.