Hong Kong Financial Secretary Paul Chan has highlighted significant volatility in global markets, noting that even traditionally safe-haven assets are experiencing sharp fluctuations. In a personal essay, Chan cited the example of gold, which surged nearly 30% in January to approach a record high of $5,600, before retreating over 12% from its peak. Despite these challenges, Chan assured that Hong Kong's financial system remains robust, with total bank deposits exceeding HK$19 trillion. He emphasized that the rapidly changing global political and economic landscape will likely lead to increased risks and volatility in the coming year.