Edward Yau: Hong Kong has ideal conditions to support ASEAN's economic acceleration

On October 4th, Jin10 Data reported that the Hong Kong-ASEAN Cooperation Seminar and the Global Headquarters Opening Ceremony with the theme of ‘Embracing Opportunities, Embarking on AI’ were held in Hong Kong. Paul Chan, the Financial Secretary of the Hong Kong Special Administrative Region Government, attended the event and stated in his speech that Hong Kong has ideal conditions to support the acceleration of the ASEAN economy. Chan mentioned that it is expected that by 2030, ASEAN will become the world’s fourth-largest economy with a population of over 670 million, and the average age in 2040 is projected to be only 35. The young population structure, coupled with a robust rise in the economy and a growing middle class, provides a market with enormous potential for consumer goods and financial services.