Financial Secretary Paul Chan said he would promote Hong Kong’s advantages to foreign investors during a trip to the United States in the coming week.

He will attend the annual meetings of the International Monetary Fund and the World Bank in Washington, DC as a member of the Chinese delegation.

Writing in his blog on Sunday, Chan said the meetings gather financial officials, central bank representatives, enterprise and NGO leaders, and scholars from around the world to discuss various topics including the global economic outlook, international trade, global supply chains, climate change and digital transformation.

Chan said although there are always uncertainties in the global economy and international markets, geopolitics, protectionism and the tariff war have made people even more concerned about the risks.

During his US trip, the finance chief will meet investors, members of major chambers of commerce, scholars and think tanks to exchange views on international trade and introduce Hong Kong’s latest developments and advantages, especially the potential of the Northern Metropolis and Greater Bay Area.

He said Hong Kong continued to welcome foreign investment, adding that nearly 10,000 enterprises in the SAR had parent companies from overseas and the mainland as of last year, a record high.

Meanwhile, Chan said innovation in the Greater Bay Area was also developing rapidly, making the region attractive to foreign companies.