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Financial Secretary Promotes Hong Kong's Economic Advantages During Visiting Brussels, Belgium

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Financial Secretary Promotes Hong Kong's Economic Advantages During Visiting Brussels, Belgium
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Financial Secretary Promotes Hong Kong's Economic Advantages During Visiting Brussels, Belgium

2026-05-21 09:00 Last Updated At:09:51

FS begins visit to Brussels, Belgium

The Financial Secretary, Mr Paul Chan, yesterday (May 20, Paris time) proceeded to visit Brussels, Belgium, during which he met with a number of European Union (EU) officials and European business leaders to promote Hong Kong's advantages.

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The Financial Secretary, Mr Paul Chan (first right), met with the Head of Mission and Ambassador Extraordinary and Plenipotentiary of the People's Republic of China to the European Union, Mr Cai Run (second right), and the Ambassador Extraordinary and Plenipotentiary of the People's Republic of China to the Kingdom of Belgium, Mr Fei Shengchao (first left) in Brussels, Belgium, on May 20 (Brussels time). Source: HKSAR Government Press Releases

The Financial Secretary, Mr Paul Chan (first right), met with the Head of Mission and Ambassador Extraordinary and Plenipotentiary of the People's Republic of China to the European Union, Mr Cai Run (second right), and the Ambassador Extraordinary and Plenipotentiary of the People's Republic of China to the Kingdom of Belgium, Mr Fei Shengchao (first left) in Brussels, Belgium, on May 20 (Brussels time). Source: HKSAR Government Press Releases

The Financial Secretary, Mr Paul Chan, met with the Head of Mission and Ambassador Extraordinary and Plenipotentiary of the People's Republic of China to the European Union, Mr Cai Run, and the Ambassador Extraordinary and Plenipotentiary of the People's Republic of China to the Kingdom of Belgium, Mr Fei Shengchao, in Brussels, Belgium, on May 20 (Brussels time). Photo shows Mr Chan (left) with Mr Cai Run (right). Source: HKSAR Government Press Releases

The Financial Secretary, Mr Paul Chan, met with the Head of Mission and Ambassador Extraordinary and Plenipotentiary of the People's Republic of China to the European Union, Mr Cai Run, and the Ambassador Extraordinary and Plenipotentiary of the People's Republic of China to the Kingdom of Belgium, Mr Fei Shengchao, in Brussels, Belgium, on May 20 (Brussels time). Photo shows Mr Chan (left) with Mr Cai Run (right). Source: HKSAR Government Press Releases

The Financial Secretary, Mr Paul Chan (third left), met with the Chief Executive Officer of the European financial intermediary Euroclear, Ms Valérie Urbain (third right), in Brussels, Belgium, on May 20 (Brussels time). Also attending the meeting is the Special Representative for Hong Kong Economic and Trade Affairs to the European Union, Miss Shirley Yung (second left). Source: HKSAR Government Press Releases

The Financial Secretary, Mr Paul Chan (third left), met with the Chief Executive Officer of the European financial intermediary Euroclear, Ms Valérie Urbain (third right), in Brussels, Belgium, on May 20 (Brussels time). Also attending the meeting is the Special Representative for Hong Kong Economic and Trade Affairs to the European Union, Miss Shirley Yung (second left). Source: HKSAR Government Press Releases

The Financial Secretary, Mr Paul Chan (fourth right), met with the Hors Classe Adviser in the Directorate-General for Budget of the European Commission, Mr Siegfried Ruhl (third right), in Brussels, Belgium, on May 20 (Brussels time). Also attending the meeting is the Special Representative for Hong Kong Economic and Trade Affairs to the European Union, Miss Shirley Yung (third left). Source: HKSAR Government Press Releases

The Financial Secretary, Mr Paul Chan (fourth right), met with the Hors Classe Adviser in the Directorate-General for Budget of the European Commission, Mr Siegfried Ruhl (third right), in Brussels, Belgium, on May 20 (Brussels time). Also attending the meeting is the Special Representative for Hong Kong Economic and Trade Affairs to the European Union, Miss Shirley Yung (third left). Source: HKSAR Government Press Releases

The Financial Secretary, Mr Paul Chan (left), met with the Managing Director of the Department for Asia and the Pacific of the European External Action Service, Mr Erik Kurzweil (right), in Brussels, Belgium, on May 20 (Brussels time). Source: HKSAR Government Press Releases

The Financial Secretary, Mr Paul Chan (left), met with the Managing Director of the Department for Asia and the Pacific of the European External Action Service, Mr Erik Kurzweil (right), in Brussels, Belgium, on May 20 (Brussels time). Source: HKSAR Government Press Releases

The Financial Secretary, Mr Paul Chan (first right), met with the Deputy Director-General for Financial Stability, Financial Services and Capital Markets Union of the European Commission, Dr Alexandra Jour-Schroeder (second left), in Brussels, Belgium, on May 20 (Brussels time). Source: HKSAR Government Press Releases

The Financial Secretary, Mr Paul Chan (first right), met with the Deputy Director-General for Financial Stability, Financial Services and Capital Markets Union of the European Commission, Dr Alexandra Jour-Schroeder (second left), in Brussels, Belgium, on May 20 (Brussels time). Source: HKSAR Government Press Releases

After arriving in Brussels, Mr Chan met respectively with the Deputy Director-General for Financial Stability, Financial Services and Capital Markets Union of the European Commission, Dr Alexandra Jour-Schroeder; the Managing Director for Asia and the Pacific of the European External Action Service, Mr Erik Kurzweil; and the Hors Classe Adviser in the Directorate-General for Budget of the European Commission, Mr Siegfried Ruhl. They exchanged views on the experience of Hong Kong and Europe in areas including the economy, finance, trade and fiscal policy, and explored ways to further promote co-operation and build closer, mutually beneficial and win-win relations.

During the above meetings, Mr Chan briefed them on Hong Kong's economic and financial development. He pointed out that, amid the current challenging international political and economic environment, Hong Kong, under "one country, two systems", maintains its status as a free port, with the free flow of capital, information and talent. Hong Kong also adheres to international best practices in business, accounting and professional services, has stable and predictable economic and trade policies, and continues to innovate and develop its financial markets. He welcomed the European business and investment communities to make full use of Hong Kong as a platform to raise funds for developing markets in the Chinese Mainland and Asia.

Mr Chan also said that there is room for Hong Kong and Europe to strengthen co-operation in various fields, and that the two sides should engage in more exchanges of experience, mutual learning and joint development. For example, in the financial sector, the two sides could explore arrangements for dual listing by European enterprises in the two markets, develop fixed-income and currency markets, promote green finance and financial innovation, and better channel private savings to support industries and economic development.

Mr Chan also met with the Chief Executive Officer of Euroclear, a European financial intermediary institution, Ms Valérie Urbain, to exchange views on the global economic situation and financial market developments. In addition, he met with the representative of a renowned local family to learn about the development of its group's business in Hong Kong and Asia, and introduced Hong Kong's advantages in various aspects. He suggested that the group increase its investment in Hong Kong and use Hong Kong as its regional headquarters for managing its business and treasury activities in the region.

He also called on the Head of Mission and Ambassador Extraordinary and Plenipotentiary of the People's Republic of China to the European Union, Mr Cai Run, and the Ambassador Extraordinary and Plenipotentiary of the People's Republic of China to the Kingdom of Belgium, Mr Fei Shengchao. They had in-depth exchanges on China-Europe relations and the latest developments in Hong Kong.

Mr Chan will depart today (May 21, Brussels time) for the visit to Zurich, Switzerland.

The Financial Secretary, Mr Paul Chan (first right), met with the Head of Mission and Ambassador Extraordinary and Plenipotentiary of the People's Republic of China to the European Union, Mr Cai Run (second right), and the Ambassador Extraordinary and Plenipotentiary of the People's Republic of China to the Kingdom of Belgium, Mr Fei Shengchao (first left) in Brussels, Belgium, on May 20 (Brussels time). Source: HKSAR Government Press Releases

The Financial Secretary, Mr Paul Chan (first right), met with the Head of Mission and Ambassador Extraordinary and Plenipotentiary of the People's Republic of China to the European Union, Mr Cai Run (second right), and the Ambassador Extraordinary and Plenipotentiary of the People's Republic of China to the Kingdom of Belgium, Mr Fei Shengchao (first left) in Brussels, Belgium, on May 20 (Brussels time). Source: HKSAR Government Press Releases

The Financial Secretary, Mr Paul Chan, met with the Head of Mission and Ambassador Extraordinary and Plenipotentiary of the People's Republic of China to the European Union, Mr Cai Run, and the Ambassador Extraordinary and Plenipotentiary of the People's Republic of China to the Kingdom of Belgium, Mr Fei Shengchao, in Brussels, Belgium, on May 20 (Brussels time). Photo shows Mr Chan (left) with Mr Cai Run (right). Source: HKSAR Government Press Releases

The Financial Secretary, Mr Paul Chan, met with the Head of Mission and Ambassador Extraordinary and Plenipotentiary of the People's Republic of China to the European Union, Mr Cai Run, and the Ambassador Extraordinary and Plenipotentiary of the People's Republic of China to the Kingdom of Belgium, Mr Fei Shengchao, in Brussels, Belgium, on May 20 (Brussels time). Photo shows Mr Chan (left) with Mr Cai Run (right). Source: HKSAR Government Press Releases

The Financial Secretary, Mr Paul Chan (third left), met with the Chief Executive Officer of the European financial intermediary Euroclear, Ms Valérie Urbain (third right), in Brussels, Belgium, on May 20 (Brussels time). Also attending the meeting is the Special Representative for Hong Kong Economic and Trade Affairs to the European Union, Miss Shirley Yung (second left). Source: HKSAR Government Press Releases

The Financial Secretary, Mr Paul Chan (third left), met with the Chief Executive Officer of the European financial intermediary Euroclear, Ms Valérie Urbain (third right), in Brussels, Belgium, on May 20 (Brussels time). Also attending the meeting is the Special Representative for Hong Kong Economic and Trade Affairs to the European Union, Miss Shirley Yung (second left). Source: HKSAR Government Press Releases

The Financial Secretary, Mr Paul Chan (fourth right), met with the Hors Classe Adviser in the Directorate-General for Budget of the European Commission, Mr Siegfried Ruhl (third right), in Brussels, Belgium, on May 20 (Brussels time). Also attending the meeting is the Special Representative for Hong Kong Economic and Trade Affairs to the European Union, Miss Shirley Yung (third left). Source: HKSAR Government Press Releases

The Financial Secretary, Mr Paul Chan (fourth right), met with the Hors Classe Adviser in the Directorate-General for Budget of the European Commission, Mr Siegfried Ruhl (third right), in Brussels, Belgium, on May 20 (Brussels time). Also attending the meeting is the Special Representative for Hong Kong Economic and Trade Affairs to the European Union, Miss Shirley Yung (third left). Source: HKSAR Government Press Releases

The Financial Secretary, Mr Paul Chan (left), met with the Managing Director of the Department for Asia and the Pacific of the European External Action Service, Mr Erik Kurzweil (right), in Brussels, Belgium, on May 20 (Brussels time). Source: HKSAR Government Press Releases

The Financial Secretary, Mr Paul Chan (left), met with the Managing Director of the Department for Asia and the Pacific of the European External Action Service, Mr Erik Kurzweil (right), in Brussels, Belgium, on May 20 (Brussels time). Source: HKSAR Government Press Releases

The Financial Secretary, Mr Paul Chan (first right), met with the Deputy Director-General for Financial Stability, Financial Services and Capital Markets Union of the European Commission, Dr Alexandra Jour-Schroeder (second left), in Brussels, Belgium, on May 20 (Brussels time). Source: HKSAR Government Press Releases

The Financial Secretary, Mr Paul Chan (first right), met with the Deputy Director-General for Financial Stability, Financial Services and Capital Markets Union of the European Commission, Dr Alexandra Jour-Schroeder (second left), in Brussels, Belgium, on May 20 (Brussels time). Source: HKSAR Government Press Releases

Special traffic arrangements for race meeting in Happy Valley

The Police will implement special traffic arrangements in Happy Valley today (June 10). These arrangements will remain in effect until the race meeting has concluded, spectators have dispersed, and traffic conditions return to normal.

A. Traffic arrangements before the commencement of the first race

The following road closure and traffic diversions will be implemented from 50 minutes before the start of the first race for day racing, or from 6pm onwards for night racing:

1. Road closure

Southbound Wong Nai Chung Road between Queen’s Road East and the up-ramp outside the Hong Kong Jockey Club (HKJC) will be closed, except for vehicles heading for Aberdeen Tunnel.

2. Traffic diversions

- Southbound Wong Nai Chung Road between Village Road and the up-ramp outside the HKJC will be rerouted one way northbound;

- Traffic along eastbound Queen's Road East heading for Wan Chai and Happy Valley will be diverted to turn left to Morrison Hill Road;

- Traffic along southbound Morrison Hill Road heading for Happy Valley will be diverted via Sports Road and Wong Nai Chung Road;

- Traffic along Queen's Road East cannot turn right to Wong Nai Chung Road, except for vehicles heading for Aberdeen Tunnel;

- Traffic from Cross Harbour Tunnel heading for Queen's Road East will be diverted via the down-ramp leading from southbound Canal Road flyover to Morrison Hill Road to turn right at the junction of Wong Nai Chung Road and Queen's Road East; and

- Traffic from Cross Harbour Tunnel heading for Happy Valley or Racecourse will be diverted via the down-ramp leading from southbound Canal Road flyover to Canal Road East, southbound Morrison Hill Road, Sports Road and Wong Nai Chung Road.

B. Traffic arrangements before the conclusion of race meeting

The following road closure and traffic diversions will be implemented from about 35 minutes before the start of the last race:

1. Road closure

- The up-ramp on Wong Nai Chung Road outside the HKJC leading to Aberdeen Tunnel;

- Southbound Wong Nai Chung Road between Queen's Road East and the up-ramp leading to Aberdeen Tunnel;

- Southbound Wong Nai Chung Road between Village Road and the Public Stands of the HKJC;

- Westbound Leighton Road between Wong Nai Chung Road and Canal Road East; and

- Southbound Morrison Hill Road between Leighton Road and Queen's Road East.

In addition, southbound Wong Nai Chung Road between the up-ramp leading to Aberdeen Tunnel and the Public Stands of the HKJC will be closed from about 10 minutes before the start of the last race.

2. Traffic diversions

- Eastbound Queen's Road East at its junction with Morrison Hill Road will be reduced to one-lane traffic heading for northbound Canal Road flyover;

- Traffic from Cross Harbour Tunnel heading for Wan Chai will be diverted via the down-ramp leading from southbound Canal Road flyover to Canal Road East, U-turn slip road beneath Canal Road flyover, Canal Road West and Hennessy Road;

- Traffic from Cross Harbour Tunnel heading for Happy Valley will be diverted via the down-ramp leading from southbound Canal Road flyover to Canal Road East, eastbound Leighton Road and Wong Nai Chung Road;

- Traffic along southbound Morrison Hill Road will be diverted to turn left to eastbound Leighton Road;

- Traffic along southbound Morrison Hill Road heading for Happy Valley will be diverted via eastbound Leighton Road and Wong Nai Chung Road; and

- Traffic along westbound Leighton Road will be diverted to Wong Nai Chung Road.

C. Prohibition for learner drivers

Learner drivers will be prohibited to turn left from Caroline Hill Road to Leighton Road between one and a half hours before the start of the first race and one hour after the last race. In addition, learner drivers will be prohibited from accessing the following roads within the above period of time:

- Shan Kwong Road between Yik Yam Street and Wong Nai Chung Road;

- Village Road between its upper and lower junctions with Shan Kwong Road;

- Percival Street between Hennessy Road and Leighton Road;

- Canal Road East; and

- The service road leading from Gloucester Road to Canal Road flyover.

D. Suspension of parking spaces

Parking spaces on southbound Wong Nai Chung Road between Sports Road and Blue Pool Road will be suspended from 11am to 7pm for day racing, and from 5pm to 11.59pm for night racing respectively.

All vehicles parked illegally during the implementation of the above special traffic arrangements will be towed away without prior warning, and may be subject to multiple ticketing.

Actual implementation of road closure and traffic diversion will be made by the Police at the time depending on traffic conditions in the areas. Motorists should exercise tolerance and patience, and follow the instructions of police officers on site.

Source: AI-found images

Source: AI-found images

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