Paul Chan, Hong Kong’s Financial Secretary, did not specifically claim that 2023 would be the best year for the Hang Seng Index since 2017 with net inflows over US$41 billion. His verified comments focus on GDP growth, stock-market performance, and Hong Kong’s global financial role.
Chan’s forecast matters for its impact on Hong Kong’s financial market strengths and regional influence.
The announcement by Paul Chan Mo-po, Hong Kong’s Financial Secretary, highlighted the 2025 GDP growth forecast increase to 3.2%, indicating a strengthening economic outlook. Chan also emphasized Hong Kong’s potential role as a major technology and financial hub.
The adjustments to the economic forecast come with the backdrop of a strong performance by the Hang Seng Index, noted for a 30% rise this year. Chan has been a key figure in positioning Hong Kong as a global financial center, leveraging existing strengths in finance and technology integration.
The impact of Chan’s statements extends to Hong Kong’s capital markets and international attractiveness. With the focus on innovation, increased IPO activities are expected in Hong Kong, reinforcing its status as one of the leading venues for stock listings worldwide.
Market analysts highlight the balance between traditional financial markets and new technology sectors as a main driver for this growth. As Hong Kong continues its policies on finance, innovation, and trade, there is speculation on regulatory impacts shaping future market dynamics.
Paul Chan’s policy direction is likely to influence the broader Asian markets, playing a role in regional economic performance. Historical trends suggest market optimism often results from improved forecasts, providing positive signals for surrounding economies.

