TechFlow News, March 1: According to JIN10 Data, Hong Kong’s Financial Secretary Paul Chan stated today (March 1) that direct trade and investment between Hong Kong and Iran are limited; however, the ongoing conflict has created significant global uncertainty. He estimated that the Middle East conflict would lead to heightened financial market volatility, accelerate capital flows—and introduce further uncertainty—potentially prompting local capital to seek a “safe haven” in Hong Kong. The Hong Kong SAR Government is prepared for such scenarios and will carefully manage financial risks, having already formulated adequate contingency plans. He noted that this conflict may temporarily affect gold prices, oil prices, and international trade transportation costs, and the SAR Government has been continuously assessing related risks.
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