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news Scmp World 2026-06-12

Hong Kong Can Surpass New York and Silicon Valley, Says Finance Chief

Hong Kong's Finance Secretary Paul Chan believes the city can surpass New York and Silicon Valley by integrating global finance with technological innovation and manufacturing through the Greater Bay Area. He highlighted Hong Kong's unique manufacturing capabilities.


Hong Kong can be “more than New York and Silicon Valley combined” by positioning itself as a hub integrating global financial depth with technological innovation and manufacturing capacity, the city’s finance chief has said. Financial Secretary Paul Chan Mo-po said at a financial forum on Friday that Hong Kong had a unique edge over New York and Silicon Valley in advanced manufacturing capabilities through integration with the Greater Bay Area, which its US rivals lacked. Speaking at the Caixin....

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