Paul Chan said it was unlikely Beijing would sent forces from mainland China to end Hong Kong’s pro-democracy movement. Photo: Winson Wong
Hong Kong finance chief Paul Chan touts market resilience on US tour and says capital outflows insignificant, amid protest turmoil at home
- Paul Chan speaks exclusively to the SCMP in Washington on a range of issues facing the city at a critical time
- He says most indicators – including the stock market and bank liquidity – have held firm, and downplays overall fund outflows
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Hong Kong protests
Paul Chan said it was unlikely Beijing would sent forces from mainland China to end Hong Kong’s pro-democracy movement. Photo: Winson Wong
In September alone, foreign direct investment in China rose 0.5 per cent to US$11.52 billion, while in yuan terms, it increased by 3.8 per cent to 79.18 billion yuan. Photo: EPA
Hong Kong remains key gateway as China’s FDI rises 2.9 per cent in first nine months of 2019 despite protests
- Overall, foreign direct investment in China rose to US$100.8 billion amid sustained government efforts to offset the economic slowdown
- Inflows from Hong Kong, which account for two thirds of China’s overall foreign investment inflows, increased by 8.1 per cent between January and September
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China economy
In September alone, foreign direct investment in China rose 0.5 per cent to US$11.52 billion, while in yuan terms, it increased by 3.8 per cent to 79.18 billion yuan. Photo: EPA