Paul Chan: Hong Kong has prepared sufficient contingency plans to address market fluctuations triggered by the Middle East conflict.

Techub News reported, according to Cailian Press, Hong Kong Special Administrative Region Government Financial Secretary Paul Chan Mo-po stated today that while Hong Kong's direct trade and investment with Iran are limited, the Middle East conflict has created significant global uncertainty. He estimated that financial market volatility will be greater, with capital flows shifting more rapidly and unpredictably, and local funds may seek "safe havens" such as Hong Kong. The SAR government has prepared comprehensive contingency plans and will handle financial risks cautiously. He pointed out that this conflict may impact gold prices, oil prices, and international trade shipping costs in the short term, and the authorities have been continuously assessing related risks.