Finance chief says Hong Kong is trying ‘very hard’ to reach out to international community amid misperceptions

Hong Kong will achieve new economic breakthroughs despite a “complicated and volatile” external environment, the finance chief has told foreign investors while unveiling the government’s first business report in four years.

Financial Secretary Paul Chan Mo-po said on Wednesday that the city was in the midst of transformation and upgrading, but warned that some traditional industries would struggle more than others.

Overseas misperceptions about Hong Kong prompted the government to detail the city’s latest economic situation in the report, which is accessible online to investors abroad.

“With a complicated and volatile external environment, Hong Kong is undergoing economic transformation and upgrading, but we see more opportunities than challenges” Chan said.