Chen Maobo: Middle Eastern funds have the opportunity to flow into Hong Kong for hedging

The Financial Secretary, Paul Chan, recently stated on a television program that there is not much direct trade and investment between Hong Kong and Iran, but the ongoing conflict has created significant uncertainty globally, which is expected to lead to greater volatility in the financial markets. He emphasized that the government has sufficient contingency plans in place to respond.

Paul Chan estimated that due to the impact of the Middle East conflict, financial market volatility is relatively high, and capital flows may shift more rapidly, leading to uncertainty. Local funds may seek a "safe haven" and come to Hong Kong. The Hong Kong SAR government must be well-prepared and handle financial risks cautiously, as it already has adequate contingency plans