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

LootboxPhobia · 2026-03-01T07:54:39+00:00

Hong Kong Financial Secretary Paul Chan Mo-po pointed out that the Middle East conflict brings uncertainty to the global stage, which may affect financial market volatility and capital flows. He mentioned that Hong Kong needs to be prepared to handle financial risks and assess the short-term impact of the conflict on gold and oil prices as well as international trade costs.

LootboxPhobia

2026-03-01 07:54:39

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Hong Kong Financial Secretary Paul Chan said on March 1 that Hong Kong’s direct trade and investment with Iran are limited, but the conflict has created significant global uncertainty. He estimates that due to the Middle East conflict, financial markets are experiencing high volatility, and capital flows may shift more rapidly with uncertainty. Local funds might seek a “safe haven” by moving to Hong Kong, and the Hong Kong SAR government is prepared to carefully manage financial risks with sufficient contingency plans.

Chan pointed out that this conflict could temporarily impact gold prices, oil prices, and international trade transportation costs. The Hong Kong SAR government has been assessing related risks.

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