Key facts
- Hong Kong Financial Secretary Paul Chan aims to bolster confidence in the city's capital flows.
- Beijing's recent crackdown on illicit overseas investment has created apprehension among banks in Hong Kong.
Hong Kong Financial Secretary Paul Chan announced that the city will endeavor to "inspire the confidence" of Chinese authorities. This statement follows a period where Beijing's extensive measures against illicit overseas investment have generated a cautious sentiment among financial institutions operating in Hong Kong.