Chan Maobo: Hong Kong has sufficient contingency plans to address market risks brought by Middle East conflicts

CycleProphet · 2026-03-01T07:11:09+00:00

Hong Kong Financial Secretary Paul Chan Mo-po stated that although trade and investment between Hong Kong and Iran are limited, the uncertainties brought about by Middle East conflicts will impact financial market volatility, and funds may shift to Hong Kong. The government needs to cautiously address financial risks and has prepared contingency plans, as the conflict could affect gold prices, oil prices, and international transportation costs.

CycleProphet

2026-03-01 07:11:09

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Deep Tide TechFlow News, March 1 — According to Jin10 Data, Hong Kong SAR Financial Secretary Paul Chan Mo-po stated today (March 1) that direct trade and investment between Hong Kong and Iran are limited, but the ongoing conflict creates significant uncertainty for the global economy. He estimates that due to the Middle East conflict, financial markets are experiencing high volatility, and capital flows may shift more rapidly, adding to the uncertainty. Local funds might seek a “safe haven” by moving to Hong Kong, and the SAR government is prepared to carefully manage financial risks with sufficient contingency plans in place. He pointed out that this conflict could temporarily impact gold prices, oil prices, and international trade transportation costs. The SAR government has been continuously assessing related risks.

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