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Paul Chan attends the World Economic Forum Annual Meeting in Switzerland; spotlights Hong Kong’s advantages as an international hub for trade and finance

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Paul Chan

HONG KONG SAR – Media OutReach Newswire – 21 January 2026 – Paul Chan, Financial Secretary of the Hong Kong Special Administrative Region (HKSAR), has joined about 3,000 world leaders attending the 56th Annual Meeting of the World Economic Forum (WEF) in Davos, Switzerland (January 19-23). During the WEF Annual Meeting 2026, themed “A Spirit of Dialogue”, Mr Chan attends, speaks and joins discussions at several keynote meetings, luncheons and dinners. He also meets with political, business and financial leaders to brief them on the latest situation in Hong Kong as well as the city’s new opportunities.

Mr Chan attended a breakfast reception hosted by virtual asset enterprise Animoca Brands, headquartered in Hong Kong, yesterday (January 20). Speaking at the meeting, Mr Chan said that Hong Kong adopts a proactive yet prudent approach to the development of digital assets guided by the principle of “same activity, same risk, same regulation” to promote responsible and sustainable market development. Since 2023, Hong Kong has issued licences to 11 virtual asset trading platforms, and a licensing regime for stablecoins is expected to be launched later this year. The Financial Secretary also noted the HKSAR Government’s leadership role in promoting tokenisation, including the issuance of three batches of tokenised green bonds amounting to around US$2.1 billion.

Mr Chan also engaged with a number of officials from different economies and regional organisations attending the WEF Annual Meeting, including Deputy Prime Minister and the Minister of Finance of Thailand, Mr Ekniti Nitithanprapas; the Secretary-General of the Cooperation Council for the Arab States of the Gulf, Mr Jasem Mohamed Albudaiwi; the Minister of Investment and Foreign Trade of Egypt, Mr Hassan El Khatib; and the State Secretary for International Finance at the Federal Department of Finance of Switzerland, Ms Daniela Stoffel. They exchanged views on the global political and economic landscape and issues of mutual concern, and explored opportunities to strengthen collaboration in areas such as trade, finance, industry development and digital transformation.

During a meeting with the Director-General of the World Trade Organization (WTO), Dr Ngozi Okonjo-Iweala, Mr Chan reiterated that Hong Kong, China firmly supports free trade and multilateralism, and expressed support for the WTO’s efforts to pursue reforms in response to current global challenges, with a view to enhancing its agility in addressing emerging issues in international trade.

HKSAR’s Financial Secretary Paul Chan (right) meets with the Director-General of the World Trade Organization, Dr Ngozi Okonjo-Iweala, in Davos, Switzerland

On arriving Davos (January 19), Mr Chan began his visit programme by meeting with the Minister of Economy of the Sultanate of Oman, H.E. Dr Said Mohammed Al-Saqri. During the meeting, the two sides discussed ways to deepen mutually beneficial cooperation in areas such as finance, trade, green transformation and industrial development.

Mr Chan said that Hong Kong’s advantages as a “super connector” could support Oman’s transitioning from an oil-driven growth model towards a more diversified economic structure. He said that Hong Kong could facilitate Chinese Mainland and Hong Kong enterprises to invest in Oman to support its infrastructure and industrial development. At the same time, Hong Kong’s status as an international financial centre in Asia could provide Omani enterprises with an ideal platform for fundraising and financing, as well as offshore Renminbi investment and risk management products.

Mr Chan will continue his programme in Davos, including participating at the 2026 Davos-Caixin CEO Luncheon and the “How to Finance Decarbonization?” session of the WEF Annual Meeting, before returning to Hong Kong on January 24 morning.

Energy

Rand Refinery Joins African Mining Week (AMW) as Silver Sponsor Amid Regional Market Expansion Strategy

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Energy Capital

African Mining Week 2026 will showcase lucrative investment, partnership, and knowledge-exchange opportunities across Africa’s gold downstream sector, as Rand Refinery intensifies its investment and expansion strategy across the continent

CAPE TOWN, South Africa, May 19, 2026/APO Group/ –Amid a strategy to expand from a South Africa-focused refiner into a pan-African downstream leader, Rand Refinery has joined African Mining Week (AMW), an Influential African Mining Conference, scheduled for October 14-16, 2026 in Cape Town, as a silver sponsor.

Rand Refinery’s participation reflects a broader strategic alignment between the company’s expansion agenda and AMW’s focus on supporting and enabling local beneficiation and promoting artisanal and small-scale mining (ASM) responsible sourcing frameworks.

 

In terms of volumes, the latest market information indicates that Africa produces 1000tpa of mined gold (more than any other continent), with large-scale mining (LSM) and ASM being almost evenly balanced (500tpa production each). On its current trajectory, African ASM volumes are expected to eclipse those of LSM.

 

The focus on ASM as a transformational imperative is valid, and Rand Refinery is an active participant in the precious metals supply chain, working alongside other upstream and downstream actors to ensure that the communities and countries with gold resources benefit in a sustainable manner.

 

Under the theme Mining the Future: Unearthing Africa’s Full Mineral Value Chain, AMW 2026 offers a critical interface between refiners, miners, regulators, and financial institutions, as African countries intensify efforts to capture more value from responsible mineral production.

 

A key pillar of Rand Refinery’s 2026 strategy is its expansion into high-growth gold markets beyond South Africa. In January 2026, the company partnered with Ghana’s Gold Coast Refinery (GCR) to support the Ghana Gold Board to locally refine artisanal and small-scale (ASM) gold and elevate responsible sourcing standards in West Africa. The partnership also positions Rand Refinery in a rapidly growing and historically fragmented supply segment: ASM operations, enabling the company to enhance traceability and strengthen compliance with global standards for ethical sourcing and anti-money laundering.

 

The partnership potentially allows the monetization of ASM supply streams in the formal gold ecosystem, complementing Rand Refinery’s established role in refining output from responsible large-scale producers. AMW 2026 represents a timely platform for the company to provide an update on its projects and contribution to Africa’s gold sector.

 

As demand for regional refining capacity expands, along with central bank buying programs, companies such as Rand Refinery will be crucial.

 

Central bank gold purchases are projected to average around 585 tons per quarter in 2026, underscoring sustained global demand. In Africa, gold now accounts for approximately 17% of total reserves – up from less than 10% in 2022–2023 – while physical holdings increased from 663 tons in 2022 to an estimated 738 tons in 2025.

 

This upward trajectory is driving demand for trusted refining and value addition services, positioning Rand Refinery as a key partner in the region. Against this backdrop, AMW provides a strategic platform for central banks and gold buyers to engage directly with one of the world’s largest integrated single-site precious metals refining and smelting complexes and strengthen regional beneficiation and national reserve strategies.

 

At AMW, Rand Refinery executives will participate in panel discussions and networking sessions, engaging stakeholders on partnership opportunities that support a more integrated, transparent and value-driven African gold ecosystem.

Distributed by APO Group on behalf of Energy Capital & Power.

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Events

Thailand’s SUBCON Expo Hits $705 Million in Parts Trade as Global Manufacturers Seek New Suppliers

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SUBCON Expo

BANGKOK, THAILAND – Media OutReach Newswire – 19 May 2026 – SUBCON Thailand — ASEAN’s largest industrial sourcing expo — closed its 20th edition with an estimated USD 705.5 million in parts trade (approximately 23 billion baht), as manufacturers worldwide pushed deeper into Southeast Asia to broaden industrial partnerships. The event ran May 13–16 in Bangkok, drawing more than 50,000 participants and generating over 9,600 business matching pairs. It is co-organized by the Thailand Board of Investment (BOI), the Thai Subcontracting Promotion Association, and Informa Markets Thailand.

“SUBCON Thailand is not only the largest trade exhibition in ASEAN. It is a mechanism the BOI uses to connect Thai entrepreneurs to global supply chains, at a moment when massive global industrial restructuring is forcing every country to build a stronger base for its own manufacturers,” said Mr. Narit Therdsteerasukdi, Secretary General of the Thailand Board of Investment. “Thai entrepreneurs will be the backbone of Thailand’s economy in the years ahead. We will develop SUBCON into a platform that elevates their capabilities and plants Thailand more firmly on the global industrial supply chain map — in AI, semiconductors, modern vehicles, and automation.”

Companies said SUBCON Thailand let them source across electric vehicles, semiconductors and advanced electronics, automation and robotics, medical devices, and aerospace — finding buyers, suppliers, and industrial partners across all of them — in a single venue.

“SUBCON Thailand serves as a key platform where automotive and electronics companies connect and explore business opportunities. Through business matching sessions, good potential has been identified to deepen collaboration with Thai entrepreneurs and enhance local industry partnerships,” said Mr. Paulino Mendoza, Team Lead Global Processing Manager, BMW (Thailand) Co., Ltd.

“SUBCON Thailand is where Thai manufacturers prove their quality to the world. Business Matching connected us with buyers and partners we would not have found elsewhere. This is how Thai companies build the confidence to compete internationally,” said Ms. Waranchalee Suwanpimolkul, Assistant Managing Director, S.K. Polymer Co., Ltd.

Many BOI-network companies left with concrete results — procurement agreements, follow-up negotiations, and technology partnerships. Business Matching drew the highest satisfaction scores of any activity at the show, reflecting how central buyer-supplier connectivity is to the event’s appeal. The results point to broader confidence: companies at the show said Thai manufacturers are internationally competitive on quality and ready to integrate into global supply chains.

Looking ahead, the BOI plans to widen SUBCON’s scope — targeting AI, advanced electronics, modern vehicles, and logistics. The BOI will also expand Business Matching to reach a broader set of industries and build closer ties between Thai companies and overseas investors.

“SUBCON Thailand is a mechanism the BOI uses to put Thai entrepreneurs at the center of global supply chains — and to keep them there. The world is going through the biggest industrial shift in a generation. Every country is racing to build a stronger base for its own manufacturers. Thai entrepreneurs will be the backbone of Thailand’s economy, and we intend to make SUBCON the platform that gets them there — in AI, semiconductors, modern vehicles, and automation,” Mr. Narit said.

USD conversions based on an exchange rate of 32.6 baht per USD.

Thailand Board of Investment
Established in 1966, the Office of the Board of Investment (BOI) has continuously played an essential role for over 60 years in promoting value-adding investment for the country, from both foreign and Thai investors, to enhance national competitiveness and drive towards a new era of sustainable and balanced growth.

Investment Services Center — PR Section, The Office of the Board of Investment (BOI)

555 Vibhavadi-Rangsit Road, Chatuchak, Bangkok 10900 Tel. +66 (0) 2553 8111, Fax: +66 (0) 2553 8222

 

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President Mahama, Africa Finance Corporation’s (AFC) Samaila Zubairu and Global Business Leaders to Headline The Africa Debate in London

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Mahama

This year’s extraordinary speaker line-up includes H.E. John Dramani Mahama, President of the Republic of Ghana, and AFC’s President and CEO, Samaila Zubairu, alongside global business leaders and investors shaping Africa’s next chapter

LONDON, United Kingdom, May 18, 2026/APO Group/ –Invest Africa (www.InvestAfrica.com) is pleased to announce Africa Finance Corporation (AFC) as Headline Partner for the 12th edition of The Africa Debate, taking place on Wednesday, 3 June 2026 at the Guildhall, London.

 

This year’s extraordinary speaker line-up includes H.E. John Dramani Mahama, President of the Republic of Ghana, and AFC’s President and CEO, Samaila Zubairu, alongside global business leaders and investors shaping Africa’s next chapter.

As the UK’s leading forum for high-level dialogue on Africa’s economic future, The Africa Debate 2026 will convene over 800 senior leaders from government, finance and industry under the theme: ‘Redefining Partnership: Navigating a World in Transition’.

As the global order evolves and new economic and geopolitical realities emerge, discussions will focus on how to accelerate investment, unlock growth and strengthen development outcomes through a new era of collaboration.

This year’s speaker line-up reflects the breadth of voices shaping Africa’s next chapter, from heads of state to the stewards of global capital.

Highlights include:

H.E. John Dramani Mahama, President of the Republic of Ghana
The Rt. Hon. Baroness Chapman of Darlington, Minister for International Development and Africa

Key ministers include:

Hon. Samuel Okudzeto Ablakwa, Minister of Foreign Affairs, Republic of Ghana
Hon. Emmanuel Armah-Kofi Buah, Minister for Lands and Natural Resource, Republic of Ghana

Hon. Cassiel Ato Forson, Minister of Finance, Republic of Ghana

Hon. Judith Salvio Kapinga, Minister for Industry and Trade, United Republic of Tanzania

H.E. Taiwo Oyedele, Minister of Finance and Coordinating Minister of the Economy, Federal Republic of Nigeria

With AFC as our Headline Partner, we have a bold, visionary institution that understands what long-term, bankable investment in Africa truly looks like

 

Dalu Ajene, CEO & Head of Coverage, Africa, Standard Chartered

Runa Alam, Co-Founder & CEO, Development Partners International
Haythem El Maayergi, Executive Vice President, Global Trade Bank, Afreximbank

Dr. Awele V. Elumelu, Co-Founder, Tony Elumelu Foundation
Claver Gatete, Under Secretary General & Executive Secretary, UNECA
Amadou Hott, Chair, Africa Advisory Board, Vision Invest

Kola Karim, Group Managing Director & CEO, Shoreline Energy International
Leslie Maasdorp, Chief Executive Officer, British International Investment
Zemedeneh Negatu, Chief Executive Officer, CBE Capital Investment Bank and Chairman, Fairfax Africa Fund

Hardy Pemhiwa, President & CEO, Cassava Technologies

 

Commenting on AFC’s partnership with Invest Africa, Samaila Zubairu, President and CEO of Africa Finance Corporation, said: “We are entering a decisive period for Africa and the global economy. As trade routes, supply chains, and industrial capacity are being reshaped, Africa has a historic opportunity to move from the margins of the global economy to a more central role in powering future growth, resilience, and industrial competitiveness.

Realising that opportunity will require mobilising capital at scale toward the infrastructure, energy systems, logistics networks, and industrial ecosystems that enable productive economies to grow and create jobs.

The Africa Debate comes at an important moment to deepen partnerships, align long-term capital with long-term opportunity, and accelerate the practical solutions required to help build the Africa our children will inherit.”

Chantelé Carrington, CEO of Invest Africa, added: “The world is in transition, and Africa is no longer waiting to be invited to shape it. From the race to secure critical minerals and redefine development finance, to the urgent need to unlock energy access and accelerate digital transformation, this year’s Africa Debate puts Africa’s priorities first.

With AFC as our Headline Partner, we have a bold, visionary institution that understands what long-term, bankable investment in Africa truly looks like. Together, we are convening a conversation that goes beyond rhetoric, focused on the partnerships, the financing models, and the structural shifts that will define Africa’s next decade.”

Confirmed Partners of The Africa Debate Include: Africa Finance Corporation (Headline Partner), Absa Group, Afreximbank, Africa GreenCo, Brand South Africa, FirstBank UK Limited, Invest Durban, London Stock Exchange Group, Manufacturing Africa, Premier Invest, Rawbank, S-RM, Société Nationale d’Électricité (SNEL), Standard Bank Group and Standard Chartered.

To register as a delegate for The Africa Debate, please visit: https://apo-opa.co/4dqVaqk.

Distributed by APO Group on behalf of Invest Africa.

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