TechFlow News: On February 1, Hong Kong’s Financial Secretary Paul Chan published his column “Moving Forward with Positivity and Prudence,” noting that global market turbulence has triggered sharp international capital flows—even traditionally safe-haven assets have experienced corrections after repeatedly hitting new highs. Take gold prices as an example: building on gains over the past four years, gold surged nearly 30% in January alone, challenging a record high of USD 5,600 per ounce—but has since seen a significant pullback, falling more than 12% from its peak over the past few days. Hong Kong’s financial system remains stable and operates smoothly, with total bank deposits exceeding HKD 19 trillion. As the global political and economic landscape evolves rapidly, risks and volatility over the coming year are unlikely to subside.
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