WORLD · VERIFIED DEVELOPMENT
Hong Kong Financial Secretary Outlines Development Directions at IMF and World Bank Meetings
WHY IT MATTERS
Hong Kong's development directions and goals outlined by Financial Secretary Paul Chan have significant implications for the city's future growth and its role in the global economy, particularly in the areas of innovation and technology, and financial services.
What happened
Hong Kong Financial Secretary Paul Chan attended the Annual Meetings of the International Monetary Fund and the World Bank Group in Bangkok, Thailand. He outlined how Hong Kong's First Five-Year Plan aligns with the National 15th Five-Year Plan, focusing on developing its 'four centres and one hub' and leveraging its strengths in the Greater Bay Area.
Chan stressed the importance of financial development serving the real economy and deepening Hong Kong's 'Finance+' strategy to empower different industries.
He also emphasized the city's international character and its role in promoting business and trade exchanges, as well as supporting infrastructure and supply chain development in the region.
PRIMARY SOURCES
FS attends Thai meetings
Hong Kong Government Information Services Department · Hong Kong Government website terms; original facts with link and attribution
CORRECTIONS & UPDATES
- Revision 1 · Initial ingestion · Oct 16, 2026, 8:00 PM
- Revision 2 · Source update detected · Oct 16, 2026, 8:00 PM