Hong Kong’s Paul Chan predicts positive market response to Xi-Trump summit

Hong Kong’s finance chief has predicted a positive market response to the Xi-Trump summit, saying the mitigation of geopolitical uncertainties will bolster investor confidence.

Financial Secretary Paul Chan Mo-po made his prediction on a radio programme on Saturday, a day after Chinese President Xi Jinping wrapped up a three-day visit to Washington to meet with US counterpart Donald Trump, with promises of more talks despite limited deliverables.

“I believe the market will have a positive interpretation … Previously, the geopolitics caused concerns over economic prospects, leading to uncertainty and capital flow volatility. If this factor could be mitigated, investors would feel more secure when positioning their portfolios,” Chan said.