Key facts
- Hong Kong Chief Executive John Lee stated the city is determined to expand into new markets and consolidate ties with traditional partners.
- Lee affirmed that Hong Kong would not abandon any market despite geopolitical pressures.
- Lee stressed the city's commitment to maintaining its status as a free port.
- Lee indicated plans to explore new economic opportunities beyond traditional markets.
- Lee pledged to push for further reforms and highlighted Hong Kong's advantages as a safe, stable, and secure society for investors.
Hong Kong is committed to expanding its reach into new global markets while strengthening relationships with existing partners, according to Chief Executive John Lee. In an interview with the South China Morning Post, Lee stated that the city "will not give up any markets" despite prevailing geopolitical tensions.
Lee acknowledged that the United States remains an important market for Hong Kong, even amidst volatile relations between Beijing and Washington, though he anticipates interactions will primarily be business-to-business. He conceded that Hong Kong, as an open economy, is susceptible to global economic turmoil but asserted that the complex geopolitical landscape underscores the city's distinct advantages as a "safe, stable and secure society" for investors.
"I will not allow external factors to change the fundamental strength of Hong Kong," Lee declared, emphasizing the city's resolve to maintain its successful attributes, including its status as a free port, particularly in light of the US-China trade war and escalating tariffs. He also noted the implementation of relief measures for drivers when the Middle East conflict led to increased global oil prices.