Financial Secretary Paul Chan has vowed to beef up efforts in promoting Hong Kong to the rest of the world, saying some of those attending the World Economic Forum in Davos have signalled their intention to set up shop in the SAR.

Chan also said on Sunday that he has invited delegations to explore the "tremendous opportunities" offered by Hong Kong, the Greater Bay Area as well as the mainland, during the high-level conference in Switzerland.

"Some fintech companies in Europe said they are planning to set up shop in Hong Kong, and use the city as a base for expanding business in Asia," he wrote on his weekly blog.

"This year, we will continue to step up our efforts to promote Hong Kong, so that more friends can learn about, make good use of, and contribute to Hong Kong."

The finance chief added that the SAR can help connect the mainland with developed economies and emerging markets in the Global South in areas like technology and green finance.

Chan also pointed out that the economic situation in China and the United States, as well as Sino-US ties, were topics of concern among those attending the Davos forum.

He noted that Vice Premier Ding Xuexiang had cited facts and data in explaining China's economy to let foreign investors have a more comprehensive understanding of the country's development while strengthening their confidence.