Paul Chan, Hong Kong's Financial Secretary, wrote in his blog that Hong Kong, having emerged from the pandemic, continues to demonstrate sturdy resilience in its economy. The city's GDP has already grown for nine consecutive quarters and surpassed the HKD3 trillion level.

Chan also pointed out that as one of the key engines fueling Hong Kong's economic development, the innovation and technology ecosystem is accelerating its growth, with the number of start-ups climbing to a record high of around 4,700 by the end of last year.

With increased government investment in innovation and technology, the expedited development of the Northern Metropolis, and deeper cooperation with fellow cities in the Greater Bay Area, Chan believes Hong Kong will be able to seize growth opportunities amid global changes.