Hong Kong government ‘prepared’ for more volatility after Iran attacks: Paul Chan

South China Morning PostEN 1 min read 100% complete by Fiona ChowMarch 1, 2026 at 10:09 AM

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Following a joint US-Israel attack on Iran, Hong Kong's Financial Secretary Paul Chan stated the government is prepared for increased global market volatility and economic risks. Chan anticipates faster, less predictable capital flows and potential safe-haven seeking in Hong Kong. He expects short-term impacts on oil and gold prices, as well as potential disruptions to international trade, transport costs, and logistics. While Hong Kong has limited direct trade with Iran, the government will monitor and manage evolving risks. The statement comes after Iranian state media confirmed the death of Supreme leader Ayatollah Ali Khamenei in the air strikes.

Key Entities & Roles

Key Player Opposition Context

International Energy Agency 40% Ayatollah Ali Khamenei 60% United States ×270% Israel 70% Hong Kong ×380% Iran ×380% Paul Chan Mo-po 90%

Keywords

global market volatility 90% financial risks 80% hong kong government 70% iran attacks 70% trade costs 60% commodity prices 60% safe haven 50% capital flows 50% oil prices 40% international trade 40%

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Neutral

Score: -0.10

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South China Morning Post

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90%

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global market volatility financial risks hong kong government iran attacks trade costs commodity prices safe haven capital flows oil prices international trade

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