Speech by FS at Global Financial Leaders' Investment Summit luncheon (English only) (with photo/video)

Following is the speech by the Financial Secretary, Mr Paul Chan, at the Global Financial Leaders' Investment Summit luncheon today (November 3): Distinguished guests, ladies and gentlemen, Good afternoon. This morning's discussions have ranged from market developments to capital flows, drawing on the depth of experience in this room. I would like to look beyond the immediate outlook and focus on two questions. Where will the next wave of growth come from for your company? And which economies will offer the greatest opportunities? For many of us, AI will be central to the answer to the first question. But that is only a starting point. AI is becoming a basic business capability. We use it to assess investments, analyse information and improve efficiency. But as these tools become widely available, access to them will no longer be a competitive edge. What will matter is how businesses change around them. And that is the distinction between having AI capabilities and being AI-native. The electrification of factories, beginning in the late 19th century, offers a useful reflection. Initially, electric motors drove the same shafts and belts, leaving factory layouts largely unchanged. Th

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