Financial Secretary Paul Chan today concluded his visit to Xi’an by attending The First Western Commercial Space Conference, meeting Chairman of Chinese People’s Political Consultative Conference Shaanxi Provincial Committee Xu Xinrong.

Speaking at the conference, Mr Chan highlighted Xi’an’s strong scientific research capabilities, robust industrial chain and deep pool of technological talent in the aerospace industry.

He pointed out that for the commercial space industry to thrive, it must successfully secure financing, expand market reach and maintain steady development.

Mr Chan discussed Hong Kong’s unique positioning under the “one country two systems” principle, noting that the city can act as an international interface for the western region’s aerospace industry across capital, research and market perspectives.

In terms of capital, the Financial Secretary said Hong Kong can help technology enterprises with raising funds, valuation, pricing and cross-boundary mergers and acquisitions using internationally recognised rules.

For scientific research, the city’s universities can partner with Xi’an institutions on key technologies, drive the commercialisation of research outcomes and leverage global networks to attract top-tier talent.

Regarding market development, Hong Kong can help Mainland enterprises expand overseas by facilitating standards conversion and product validation.

Mr Chan stressed that Hong Kong will leverage its openness, internationalisation and financial strengths to empower the western region’s aerospace industry and support national aerospace development.

The finance chief departed for Hong Kong this afternoon.