Paul Chan Mo-po

Paul Chan Mo-po is the Financial Secretary of Hong Kong. He is currently newsworthy due to his active role in shaping Hong Kong's economic future, particularly in the context of China's development plans and global economic uncertainties. Recent events include his promotion of the Northern Metropolis project, advocating for a flexible approach to attract businesses with land and tax incentives. He is also focused on embracing artificial intelligence, viewing it as a key driver for Hong Kong's growth and not just an economic sandbox for China. Chan has addressed concerns about AI security risks, specifically regarding the 'OpenClaw' system, and assured the public of Hong Kong's ability to manage debt related to bond-driven growth. He is also navigating geopolitical tensions and their potential impact on Hong Kong's economy, while maintaining the city's economic growth targets and managing the fiscal deficit. He has also stated there are no plans for Exchange Fund transfers in the next 5 years.