Speaking at the Hong Kong Institute of Bankers Annual Banking Conference today, Financial Secretary Paul Chan Mo-po showed his confidence in Hong Kong’s “promising expectation of boosting the economy and trade activities.”

“Despite the huge effect that Covid had on Hong Kong’s talent [exodus],” Chan said, “the city’s banking and financial systems remain highly stable.”

He noted Hong Kong should not fear being topped by other competitors for its status as an international center, citing the upcoming Policy Address that will map out measures to promote Hong Kong to “win the competition.”

“Authorities will provide maximum room for resumption of business connections and international activities while not undermining the protection of citizens from disease,” said Chan in response to the easing entry isolation format of “0+3”.