Month: May 2025

Source: Hong Kong Government special administrative region

Source: Hong Kong Government special administrative region

Source: Hong Kong Government special administrative region

​Invest Hong Kong (InvestHK) announced today (May 19) that the Director-General of Investment Promotion and leadership team have completed multiple duty visits to emerging markets in Eastern Europe, Africa, and the Middle East this month, actively promoting Hong Kong’s business advantages and opportunities in overseas markets and fostering mutual co-operation. The team participated in various events, met with government organisations, chambers of commerce, business leaders, and company representatives, to deepen exchange in economic and trade between Hong Kong and these places. During the visit to the Middle East, as witnessed by the Chief Executive, Mr John Lee, and local leaders, a Memorandum of Understanding (MoU) was signed to strengthen economic and trade ties and promote deeper business collaboration between the two regions.

Director-General of Investment Promotion, Ms Alpha Lau, Associate Director-General of Investment Promotion Mr Charles Ng, Acting Associate Director-General of Investment Promotion Ms Loretta Lee, and sector team heads visited Türkiye, Hungary, Egypt, Côte d’Ivoire, Morocco, Qatar, Kuwait, Dubai, Abu Dhabi, Oman, and Romania, actively promoting Hong Kong’s business advantages and opportunities. They emphasised Hong Kong’s advantages of connecting the country with the world under “one country, two systems,” and sought to actively expanding into emerging markets, deepen international exchanges and co-operation, and demonstrate the synergistic power of the complementary strengths between the city and the Mainland.

     Mr Lee led a business delegation to Qatar and Kuwait from May 11 to 14, Ms Loretta Lee was part of the delegation. Witnessed by the Chief Executive, three MoUs were signed with the Qatar Chamber of Commerce and Industry, the Qatar Businessmen Association, and the Kuwait Direct Investment Promotion Authority, further strengthening collaborative relationships.

Ms Alpha Lau visited emerging markets along the Belt and Road initiative including Istanbul, Türkiye; Budapest, Hungary; and Cairo, Egypt, from May 10 to 20, meeting with external economic relations committees, export promotion agencies, investment promotion agencies, chambers of commerce, financial services organisations and strategic enterprises, to promote Hong Kong’s business advantages and opportunities and the advantages of raising capital through Hong Kong. She spoke at multiple business seminars co-organised by chambers of commerce, business associations, and external economic relations committees, expanding networks and seeking new business opportunities for Hong Kong and hosted two media roundtable discussions to tell the good stories of Hong Kong.
 
Mr Ng visited Abidjan, Côte d’Ivoire, and Casablanca, Morocco, from May 11 to 16. In Côte d’Ivoire, Mr Ng spoke at a CEO Forum and engaged with chambers of commerce and industry to highlight Hong Kong’s role as a super-connector in the Belt and Road Initiative. In Morocco, he met with various financial institutions and professional associations to emphasise Hong Kong’s robust financial markets and innovation ecosystem. Mr Ng also met with local media to promote Hong Kong’s business advantages.
 
Global Head of Financial Services, FinTech & Sustainability at InvestHK, Mr King Leung met with representatives from local financial institutions in Oman, Dubai, and Abu Dhabi to discuss opportunities for digital and technological collaboration between the two regions. The Head of Consumer Products, Ms Angelica Leung met with retail and luxury brand leaders in Bucharest, tapping into emerging markets like Romania and demonstrating why Hong Kong is the ideal location to set up a regional headquarters to thrive across the region’s retail and luxury sectors.
 
Ms Lau said, “In addition to reaching out to traditional markets, InvestHK is also strengthening economic ties with emerging markets to create more collaboration opportunities. Amid unprecedented global economic challenges and the reshaping of global supply chains, overseas enterprises are keen to expand their presence in Asia. InvestHK will align with the Belt and Road Initiative and the trend of collaborating with the ‘Global South’, deepen international exchanges and collaboration, actively promote cross-border investment, capital market cooperation, and technological innovation exchanges, and assist enterprises in establishing and expanding their business in Hong Kong and the wider region.”

Source: Hong Kong Information Services

The Environment & Ecology Bureau and the General Administration of Customs (GACC) today signed two operation agreements on meat and dairy products exported to the Mainland, facilitating food trade between Hong Kong and the Mainland.

Secretary for Environment & Ecology Tse Chin-wan said the Memorandum of Understanding on the Inspection, Quarantine & Hygiene Requirements for Meat Products Exported from Hong Kong to the Mainland, and the Cooperation Arrangement for the Export of Dairy Products from Hong Kong to the Mainland, will further facilitate bilateral food trade and the development of meat and dairy products businesses in Hong Kong.

“Upon implementation of the arrangements, Hong Kong-manufactured meat and dairy products meeting the requirements set out in the co-operation agreements will be allowed to be imported into the Mainland.”

The two agreements put in place the monitoring of food safety from the source for Hong Kong-manufactured meat and dairy products exported to the Mainland. They will cover requirements for testing the sources of food raw materials and food manufacturers on production management, including storage and transportation of food products.

The Centre for Food Safety will discuss with the GACC the operational details of the agreements. The centre will also organise seminars to help the trade better understand the requirements of the agreements.

Source: Hong Kong Information Services

The Commerce & Economic Development Bureau and the General Administration of Customs (GACC) today signed the Cooperation Arrangement on Single Window – a trade facilitation measure between Hong Kong and the Mainland.

The co-operation arrangement was signed by Secretary for Commerce & Economic Development Algernon Yau and Minister of the GACC Sun Meijun.

Noting that the Mainland is Hong Kong’s largest partner in trade in goods with frequent cross-boundary trade, Mr Yau said the Single Window provides a one-stop electronic platform for the trade to lodge various types of documents for trade declaration and cargo clearance.

The arrangement will allow collaboration and interconnectivity of the systems of the two places to reach new heights, enhancing the existing mechanism of exchange and co-operation as well as exploring different areas of collaboration, he added.

The bureau has been implementing the Single Window in three phases, with the first two phases in full service since 2020 and 2023 respectively, covering 42 types of trade documents. Phase 3 services will be rolled out in batches from 2026 onwards.

The GACC and the Customs & Excise Department launched the Mainland-Hong Kong “Single Submission for Dual Declaration” Scheme in 2024, covering all cargo imported from the Mainland through land boundary control points. The scheme spares enterprises the time and manpower required for declaration and minimises operating costs.

It covers all cargo passing through land boundary control points between the two places starting today, enabling industry stakeholders to reuse road cargo information when submitting to the systems of both sides. The scheme will be reprovisioned in Phase 3 of the Single Window. 

Source: Hong Kong Information Services

Secretary for Constitutional & Mainland Affairs Erick Tsang and Commissioner for the Development of the Guangdong-Hong Kong-Macao Greater Bay Area Maisie Chan are on a duty visit to Egypt from May 17 to 20 to promote the development opportunities of the Guangdong-Hong Kong-Macao Greater Bay Area (GBA).

During his stay in the Egyptian capital, Cairo, Mr Tsang met Chinese Ambassador to Egypt Liao Liqiang and exchanged views with representatives of the political and business sectors.

Mr Tsang today attended the Guangdong-Hong Kong-Macao Greater Bay Area-Africa (Egypt) Economic & Trade Cooperation Exchange Conference and delivered a speech to promote the development opportunities of the GBA to the political and business sectors.

He said that with the central authorities’ full support, the Hong Kong Special Administrative Region and other bay area cities complement each other’s strengths and work closely together to promote the GBA’s high-quality development.

Mr Tsang also noted that Hong Kong possesses the institutional advantages of “one country, two systems”, with a business environment that is highly market-oriented and internationalised, underpinned by the rule of law, a free flow of capital, a robust financial regulatory regime, a simple and low tax regime, and a global pool of professional talent.

He encouraged enterprises to capitalise on Hong Kong’s unique advantages of having the staunch support of the motherland and being closely connected to the world by establishing a foothold in the city and tapping into the huge GBA market.

Mr Tsang added that Hong Kong, as a world-renowned metropolis and China’s most internationalised city, should play its unique roles and functions as a super connector and super value-adder, commence more international co-operation, contribute to the country’s high-quality opening up and development, and further enhance its global influence in the changing international landscape.

He will depart for Hong Kong this afternoon, arriving on May 20.

Source: Hong Kong Government special administrative region

Following is the speech by the Chief Executive, Mr John Lee, at the Welcome Dinner for the Global Prosperity Summit 2025 today (May 19):

President Wu Hailong of China Public Diplomacy Association, Commissioner Cui Jianchun (Commissioner of the Ministry of Foreign Affairs of the People’s Republic of China in the Hong Kong Special Administrative Region), Mrs Regina Ip (Convenor of the Non-official Members of the Executive Council and Chairperson of Savantas Policy Institute), Professor Yang Jiemian, Chairman of the Academic Advisory Council of Shanghai Institutes for International Studies, Mr Iñaki Amate, Chair of the European Chamber of Commerce in Hong Kong, distinguished guests, ladies and gentlemen, 
Given today’s global turmoil, connectivity has never been more important. In a time of economic uncertainty, Hong Kong serves as a welcoming financial harbour. Here, information, capital, goods and people flow freely, thanks to our common law system and a legal regime similar to that of many of the world’s leading financial hubs. With economies everywhere seeking security, seeking ways of boosting their economy, Hong Kong is proving highly attractive to them.

Source: Hong Kong Information Services

Chief Executive John Lee today met Minister of the General Administration of Customs Sun Meijun at Government House to discuss strengthening enforcement and co-operation between Hong Kong and Mainland Customs.

Ms Sun and her delegation are in Hong Kong to attend the World Customs Organization (WCO) Asia/Pacific Regional Heads of Customs Administrations Conference.

Welcoming them, Mr Lee thanked the General Administration of Customs for supporting the Hong Kong Customs & Excise Department in its bid for the Vice-Chairpersonship of the Asia/Pacific region of the WCO (2024-2026). 

He said the successful election last June not only reflects the support Hong Kong enjoys at a national level and from the Asia-Pacific region, but also consolidates the city’s role as a “super-connector”.

While in Hong Kong, Ms Sun will also to attend signing ceremonies for co-operation agreements between the General Administration of Customs and the Hong Kong Special Administrative Region Government. These aim to promote flows of people and goods between the two places, as well as co-operation on exports of Hong Kong dairy and meat products to the Mainland.

The Chief Executive said these initiatives will enhance Hong Kong’s position as an international trade and shipping centre, laying a solid foundation for further co-operation between Hong Kong and Mainland Customs.

On enforcement co-operation, Mr Lee said that Hong Kong and Mainland Customs have long been working together to combat cross-boundary smuggling activities and prevent and detect smuggling of contraband.

He said he hopes Hong Kong and Mainland Customs can in future maintain close co-operation on immigration and customs clearance, anti-smuggling and anti-drug trafficking activities, and trade facilitation.

Source: Hong Kong Government special administrative region

Source: Hong Kong Government special administrative region