EconomyHong Kong deepens Middle East ties amid global realignment: financial chief

Hong Kong Financial Secretary Paul Chan says cooperation with the Middle East and the Global South is making substantive progress, expanding beyond capital and personnel flows into innovation, technology, industrial projects and institutional exchanges. In the first nine months of 2026, average daily stock turnover rose 6.4% year on year, while 116 IPOs raised more than HK$388 billion. Recent market sentiment has weakened as US long-term bond yields reached 24-year highs.

Hong KongMiddle Eastcapital marketsGlobal South

CChina News Service★★★☆☆2026-10-04 08:02Original