Financial Secretary Paul Chan met international financial institutions and business leaders to exchange views on how to further enhance Hong Kong's status as an international financial centre, as he continued the fourth day of his visit to Davos, Switzerland, for the annual meeting of the World Economic Forum (WEF).

At the informal gathering of political and business leaders, Chan discussed the challenges posed by economic fracture and how to rebuild a more mutually beneficial and inclusive global economy.

He met with WEF founder and executive chairman Professor Klaus Schwab and briefed him on the latest economic and social developments in Hong Kong.

During two thematic discussion sessions, Chan shared Hong Kong's experience in urban renewal, public housing and infrastructure-driven development strategy, as well as the city's approach and practices in developing digital assets.

Chan also met the Prime Minister of Mongolia, Oyun-Erdene Luvsannamsrai, to exchange views on cooperation.

Meanwhile, Secretary for Commerce and Economic Development Algernon Yau met with trade ministers from other economies in Davos to promote closer economic ties and deepen regional cooperation.