Speech by FS at Hong Kong International Wine and Spirits Fair 2025 (English only)

Source: Hong Kong Government special administrative region

     Following is the speech by the Financial Secretary, Mr Paul Chan, at the Hong Kong International Wine and Spirits Fair 2025 today (November 6):

Jenny (Acting Executive Director of the Hong Kong Trade Development Council, Ms Jenny Koo), Consuls-General, distinguished guests, ladies and gentlemen,

     It’s a pleasure to join you once again at the Hong Kong International Wine and Spirits Fair — a gathering where the world’s finest wines and liquors come together in celebration and collaboration.

     A heartfelt thank you to the Hong Kong Trade Development Council (HKTDC) for organising the 17th edition of this iconic event. This Fair continues to be a global stage for the best in the business.

     This annual flagship event has long been a highlight of the international wine and spirits calendar. And this year, it’s made even more vibrant by the buzz surrounding our policy change last year: reduction in the duty on high-end liquor. Since this spirited shift, the industry has responded with enthusiasm and pleasing results. The volume of duty-paid liquor imports rose by about 5 per cent, and the value surged by nearly 45 per cent. 

     I’m particularly excited about the debut of the new “World of Spirits” zone this year, as mentioned by Jenny just now. It brings together top-tier distillers from across the globe, including the renowned baijiu of the Mainland and our very own homegrown craft spirits. Hong Kong has always been an international showcase, and I truly believe local and Chinese products have great potential in the global market.

     For the wine lovers among us – and I suspect there are quite many – this year’s Fair offers a world of discovery. You’ll find the rising stars from high-altitude vineyards in Ningxia, sun-soaked terroirs in Xinjiang, bold reds from Spain, and coastal treasures from Portugal. It’s a passport-free trip through some of the world’s best wine regions.

     But don’t stop here. Take your taste buds into the city. Hong Kong is home to Bar Leone, which has recently been crowned the best bar in the world, right in the heart of Central. And what’s a good drink without great food? With over 200 Michelin-recommended restaurants across the city, you’re never far from a perfect pairing.

     With this rich blend of global flavours, satisfying experiences, Hong Kong is not just a place to do business – it’s the place to be. We are proud to support the global wine and spirits community as you open up new markets, forge new partnerships, and raise the bar.

     The Hong Kong Wine and Spirits Fair is more than a showcase. It’s a launchpad. Whether you’re here to source the next big label, seal a new deal, or simply enjoy a glass or two of something exceptional — you are most welcome, with open arms and full glasses.

     Once again, my sincere thanks to the HKTDC for making this Fair a living, breathing brand of Hong Kong’s international spirit.

     And before I let you go, a gentle reminder for our local friends: mark your calendars for December 7 — the Legislative Council Elections. Your vote matters. Let’s raise our voices, and our glasses, for Hong Kong’s future.

     Thank you, and enjoy the Fair!

161 nomination forms for Legislative Council General Election received by deadline

Source: Hong Kong Government special administrative region

161 nomination forms for Legislative Council General Election received by deadline 

Geographical constituency     The number of nomination forms received for each functional constituency is as follows:
 

Functional constituency     The cumulative total number of nomination forms received for the Election Committee constituency is 50. No nomination form was received today for the Election Committee constituency.

     Particulars of the nominated persons have been uploaded to the election website (www.elections.gov.hkIssued at HKT 19:40

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CJ to visit Guangzhou and Shenzhen

Source: Hong Kong Government special administrative region

CJ to visit Guangzhou and Shenzhen 
     Chief Justice Andrew Cheung, Chief Justice of the Court of Final Appeal, will lead a Judiciary delegation to visit Guangzhou and Shenzhen for two days tomorrow (November 7). The delegation will participate in roundtable discussions and visit various organisations. They will also engage in professional and technical exchanges with judges and relevant officers to discuss major judicial and legal developments concerning Guangdong Province and Hong Kong, as well as the application of AI in the Mainland courts. This visit is part of the ongoing exchanges between the Judiciary and the Mainland courts.

     Other members of the delegation include Madam Justice Carlye Chu, Vice-President of the Court of Appeal of the High Court; Madam Justice Yvonne Cheng, Judge of the Court of First Instance of the High Court; Master Hui Ka-ho, Master of the High Court; and the Judiciary Administrator, Ms Esther Leung.
 
     During Chief Justice Cheung’s absence from Hong Kong, Mr Justice Roberto Ribeiro, Permanent Judge of the Court of Final Appeal, will be the Acting Chief Justice of the Court of Final Appeal.
Issued at HKT 19:38

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Director of Division of Programmes for Disease Control of WHO Western Pacific Regional Office visits DH to learn about Hong Kong’s achievements in preventing non-communicable diseases and promoting mental health (with photo)

Source: Hong Kong Government special administrative region

The Director of Health, Dr Ronald Lam, today (November 6) met with the Director of Division of Programmes for Disease Control of the World Health Organization (WHO) Western Pacific Regional Office, Dr Huong Thi Giang Tran, at the Department of Health (DH) headquarters. Dr Lam briefed her on Hong Kong’s efforts and achievements in the prevention and control of non-communicable diseases (NCDs) and the promotion of mental health. 

During the meeting, the Controller of the Centre for Health Protection (CHP), Dr Edwin Tsui, briefed Dr Huong Tran on the overall strategies and directions of the DH and the CHP in disease surveillance and prevention, and in promoting the public’s physical and mental health. The DH officers later gave Dr Huong Tran an in-depth presentation on Hong Kong’s work in promoting mental health, the Whole School Health Programme, prevention and control of NCDs and cancer screening programmes. 

“The Hong Kong Special Administrative Region Government (the Government) attaches great importance on preventing and controlling NCDs and promoting mental health. These areas are our key public health priorities. ‘The Chief Executive’s 2025 Policy Address’ has outlined relevant initiatives, including the enhancement of cancer prevention and screening as well as weight management. Hong Kong’s work on prevention and control of NCDs align with the WHO’s Global Action Plan for the Prevention and Control of NCDs, the Regional Action Framework for NCDs Prevention and Control and the Regional Framework for the Future of Mental Health in the Western Pacific. Last week, the 16th meeting of the Steering Committee on Prevention and Control of NCDs reviewed the progress of the local targets in the prevention and control of NCDs and actions taken by various government departments. The DH will continue to enhance our resilience and capacity in addressing NCDs, including mental health, by aligning with relevant policy frameworks from the Chinese Mainland and the WHO,” said Dr Lam.

Dr Huong Tran commended Hong Kong’s achievements in the prevention and control of NCDs. The risk of premature mortality from four major NCDs in Hong Kong has declined continuously, with a reduction of over 25 per cent when compared to 15 years ago, demonstrating significant progress. She was impressed by Hong Kong’s mental health promotion with its clear strategy and strong approach. She also affirmed the determination and commitment of the Government in promoting healthcare reform, which will help strengthen public health measures and further promote public health. Dr Huong Tran emphasised the role of the WHO in facilitating collaboration and sharing good experiences of Hong Kong to other countries/areas in the region in the areas of NCDs and mental health.

Dr Lam concluded the meeting by saying that the DH looked forward to maintaining close communication and collaboration with the WHO to jointly explore more effective public health measures. This will provide more comprehensive protection for the mental and physical health of the public and contribute to building a healthy regional community.

Dr Huong Tran’s visit to Hong Kong is to attend an international mental health conference. 

  

Hong Kong – The Ideal Platform for Mainland Enterprises in Going Global Promotion Conference held in Shanghai (with photos/video)

Source: Hong Kong Government special administrative region – 4

The Hong Kong – The Ideal Platform for Mainland Enterprises in Going Global Promotion Conference, jointly organised by the Hong Kong Special Administrative Region Government and the Hong Kong Trade Development Council (HKTDC), was held today (November 6) in Shanghai. The Chief Executive, Mr John Lee, delivered a speech at the Promotion Conference. The event highlighted Hong Kong’s unique strengths and role in assisting Mainland enterprises in expanding internationally, with a view to encouraging them to use Hong Kong as a platform for going global to tap into overseas markets.

​To better support Mainland enterprises in going global, this year’s Policy Address announced the establishment of the Task Force on Supporting Mainland Enterprises in Going Global (GoGlobal Task Force), chaired by the Secretary for Commerce and Economic Development, Mr Algernon Yau, and comprising the HKTDC, Invest Hong Kong (InvestHK), Hong Kong’s offices on the Mainland, and relevant “Team Hong Kong” organisations, to proactively engage Mainland enterprises to go global via Hong Kong. The Promotion Conference, being the GoGlobal Task Force’s first large-scale promotional event on the Mainland and under the theme “Hong Kong, joining hands with Shanghai to go global”, brought together a number of heavyweight speakers to share Hong Kong’s advantages in different areas and attracted 500 participants.

​Speaking at the opening ceremony, Mr Lee noted that the country is implementing a high-level strategy of two-way opening up to encourage Mainland enterprises to go global, and the momentum of Mainland enterprises’ international expansion is accelerating. Mr Lee said that under the “one country, two systems” principle, Hong Kong enjoys the advantage of connecting the Mainland and the world, serving as an international financial, shipping and trade centre. The city attracts global capital and top talent and boasts a highly internationalised business environment, world-class professional services, a common law system aligned with global financial centres, a simple and transparent tax regime, and an extensive logistics network. These core strengths make Hong Kong the best platform for Mainland enterprises to go global.

​Noting that the country is expanding the scope of its high-level opening up, Mr Lee said both Shanghai and Hong Kong play crucial roles in supporting regional co-ordinated development and complement each other. Hong Kong will continue to leverage its distinctive advantages of enjoying strong support of the motherland and being closely connected to the world, actively dovetail with national strategies, and work with the Mainland to create a new chapter of mutually beneficial co-operation.

​In his remarks on using Hong Kong as a platform to go global, Mr Yau noted that with the unique advantages under the “one country, two systems” principle, Hong Kong is able to integrate deeply into the overall national development while maintaining seamless alignment with international rules, giving full play to its role as a pivotal platform and serving as the base for Mainland enterprises expanding overseas. The GoGlobal Task Force will establish an efficient, effective and unprecedented one-stop support platform for Mainland enterprises going global, strengthening assistance for them to systematically expand international operations via Hong Kong amid the ever-changing geopolitical landscape.

​He added that the GoGlobal Task Force will continue to organise promotional activities across various provinces on the Mainland, proactively engaging with Mainland enterprises. Leveraging Hong Kong’s distinctive advantages, robust legal environment and open economy, as well as a professional and efficient team with international exposure, the GoGlobal Task Force will join hands with Mainland enterprises in advancing into international markets.

​The Director of the Chief Executive’s Office, Ms Carol Yip; the Permanent Secretary for Commerce and Economic Development, Ms Maggie Wong; the Director-General of Investment Promotion, Ms Alpha Lau; and the Commissioner for Industry (Innovation and Technology), Dr Ge Ming, among others, also attended the Promotion Conference.

​The Executive Deputy Director of the Hong Kong and Macao Work Office of the Communist Party of China (CPC) Central Committee and the Hong Kong and Macao Affairs Office of the State Council, Mr Xu Qifang; Member of the Standing Committee of the CPC Shanghai Municipal Committee and Executive Vice Mayor of the Shanghai Municipal People’s Government, Mr Wu Wei; the Deputy Director General of the Department of Outward Investment and Economic Cooperation of the Ministry of Commerce, Mr Wang Qi; and the Chairman of the HKTDC, Professor Frederick Ma, also addressed the Promotion Conference.

​A number of Hong Kong business leaders were invited to attend and speak at the Promotion Conference, including the Chairman of Fung Investments, Dr Victor Fung; the Chairman of Shanghai Industrial Investment (Holdings) Company Limited, Ms Leng Weiqing; the Chairman of the Board of Directors of the Hong Kong Science and Technology Parks Corporation, Dr Sunny Chai; Deputy Chief Executive of Bank of China (Hong Kong) Limited Mr Wang Huabin; the Chairman of Ernst & Young (EY) China and Regional Managing Partner of EY Greater China, Mr Jack Chan; Partner at Haiwen & Partners LLP Mr Edward Liu; and the Chairman of Dongchao Information Technology (Shanghai) Company Limited, Mr Wang Chaoyou. They highlighted Hong Kong’s strengths in innovation and technology, financial services and professional services, encouraging Mainland enterprises to leverage Hong Kong’s international platform to go global, and explored ways to realise complementary advantages in such sectors to jointly seize emerging opportunities in overseas markets. The Mainland enterprise representatives also shared their successful experiences of using Hong Kong as a gateway to go global.

In the afternoon, two thematic networking sessions on serving Mainland enterprises seeking to go global and innovation and technology were hosted by Ms Lau and Dr Ge respectively for in-depth promotion to Mainland enterprises of the opportunities in going global via Hong Kong. In addition, relevant experts and enterprise representatives invited by InvestHK shared experiences and successful case studies on leveraging Hong Kong’s platform in going global. Key issues of concern for enterprises expanding overseas, such as legal compliance, market development and financing, were thoroughly discussed, further enhancing Mainland enterprises’ understanding of Hong Kong’s professional services and the one-stop support provided by the GoGlobal Task Force for attracting them to seek going global via Hong Kong.

Mr Lee and the delegation will return to Hong Kong this afternoon.

Film Programmes Office to launch screening programme “Food for Thought – A Cinematic Feast” (with photos)

Source: Hong Kong Government special administrative region – 4

     The Film Programmes Office (FPO) of the Leisure and Cultural Services Department will present the programme “Food for Thought – A Cinematic Feast” from December 6, 2025 to January 18, 2026, screening cinematic works centred on food at the Hong Kong Film Archive (HKFA), the East Kowloon Cultural Centre (EKCC) and K11 Art House, for audiences to enjoy the tastes of life in films.
 
     Selected films are presented in a “menu” comprising of “Starter”, “Main Course”, “Dessert” and “Today’s Special”. “Kamome Diner” (2006) and “The Lunchbox” (2013) are two of the films in “Starter”. Both are light-hearted pieces telling stories of how delectable food brings strangers closer to each other. The other two films are “Guess Who’s Coming to Dinner” (1967) and “Toast” (2010). The former is seasoned with humour while shedding light on racial relations through the story of a white girl bringing her African boyfriend to a dinner with her parents, while the latter is adapted from renowned British chef Nigel Slater’s childhood memories.
 
     In “Main Course”, one of the films, “Babette’s Feast” (1987), is about the protagonist preparing a French feast for two sisters, who shelter the protagonist after her escape from Paris to Denmark, transforming goodness and grace into food. In “Big Night” (1996), two Italian immigrant brothers go to every length to save the business that they have built in the US. With Meryl Streep’s masterful portrayal of renowned chef Julia Child, “Julie & Julia” (2009) is adapted from the true stories of two women. The story connects the two lives in two eras with a cookbook and illustrates the sense of fulfilment through cooking. Blending documentary with re-enactment, “Cooking History” (2009) traces the stories of cooks and soldiers and joins together six periods in military history with recipes. “First Cow” (2019) brings us back to the American West in the early 19th century to tell the story of two men’s dreams of culinary entrepreneurship.
 
     Four films are highlighted in “Dessert”. “Tampopo” (1985) tells the story of a widow apprenticing under a truck driver with mastery in cooking to keep the doors of her late husband’s ramen shop open. The richly layered subplots of the story are copiously seasoned with dark humour, satirising society’s foibles. Leaning on the side of the absurd, “The Cook, The Thief, His Wife & Her Lover” (1989) is about the neglected wife of a restaurant owner having an affair with a patron in the restaurant with the help of the chef, folding love and lust into food. In the festive comedy “The Chinese Feast” (1995), Leslie Cheung plays the role of an apprentice cook at a restaurant, which is challenged to a culinary duel by a rival chef that will determine the fate of the restaurant. Ingredients running low, staff arriving late, and the hygiene being deemed substandard in an inspection are all happening in a restaurant in “Boiling Point” (2021) on the busiest night before Christmas. This single-take film, featuring the actors’ precise performances, captures the suffocating tension both inside and outside the kitchen.
 
     “Today’s Special” is “Master Cheng” (2019), a film about a professional chef Cheng, played by Chu Pak-hong, encountering a café owner Sirkka in a remote village in Finland. While Cheng brings gastronomic delights to the local people, he also finds peace with his troubled past in the scenic Finnish landscape and kindles a cross-cultural romance with Sirkka. This screening is one of the programmes of the EKCC Opening Season.
 
     Tickets for screenings at the HKFA and EKCC priced at $75 are now available at URBTIX (www.urbtix.hk). For telephone bookings, please call 3166 1288. For screenings at K11 Art House, tickets priced at $110 are now available at K11 Art House and the website of MCL Cinemas (www.mclcinema.com). For programme enquiries and concessionary schemes, please call 2734 2900 or visit www.lcsd.gov.hk/fp/en/listing.html?id=83.
 
     Some screenings will be accompanied by post-screening talks, hosted by Dr Fiona Law, Dr Wong Kim-fan, Dr Stephanie Ng, Joyce Yang, Wong Siu-pong, Dr Derek Lam, Horace Chan and Cecilia Wong.
 
     Two seminars, titled “From Set to Restaurant: Film Arts and Culinary Arts” and “The Twins in One Body: Art Direction and Food Styling”, will be held. The former will be hosted by Irving Cheung and Leung Tsz-yin, the production designer and art director of “Table for Six” respectively, while the latter will be hosted by Man Lim-chung, the art director and costume designer of “The Chinese Feast”, and Cheung Siu-hong, the production designer and image designer of “Fagara”. The post-screening talks and seminars will be conducted in Cantonese. Ticket holders of respective screenings before the post-screening talks and seminars will be admitted with priority. Seats will be available on a first-come, first-served basis with free admission.
 
     The FPO will also organise an enrichment programme “Bon Cinéppétit!”, inviting audiences to share their thoughts after screenings. Some of the selected sharing will be displayed at EKCC from January 10 to 18, 2026. Contributors will have a chance to receive free tickets to a screening event titled “Grand Finale”, to be held at the EKCC on January 18, 2026. Details will be available on the FPO website (www.lcsd.gov.hk/fp) on November 21, 2025.

                                         

Award-winning Edinburgh Festival Fringe plays to grace LCSD’s “European Theatres in Resonance” (with photos)

Source: Hong Kong Government special administrative region – 4

The Leisure and Cultural Services Department’s “European Theatres in Resonance” will present two theatre productions honoured with the Scotsman Fringe First award at the Edinburgh Festival Fringe. These critically acclaimed plays, scheduled for December this year and February next year, delve into the depths of human emotions through contemporary voices and perspectives.

Details of the programmes are as follows:

Teater Katapult “The Insider”
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Date and time: December 19 and 20 (Friday and Saturday), 8pm
  December 20 and 21 (Saturday and Sunday), 3pm
Venue:   Studio Theatre, Hong Kong Cultural Centre 
Ticket prices: $320 and $420

Teater Katapult from Denmark will bring this solo performance to the Hong Kong stage. The story is inspired by a real case, where European states suffer large-scale treasury losses due to an individual tax fraud. By headphones throughout the performance, the audience will be immersed in a 3D binaural soundscape, cinematic audio and multiple characters in their ears, complemented by an innovative stage design and projection effects. This will create the sensation of being transported into the protagonist’s mind, witnessing his involvement in devising the monumental fraud, and later his pivotal shift in allegiance to assist police in dismantling the criminal network. The production won The Scotsman Fringe First award at the 2023 Edinburgh Festival Fringe and garnered acclaim during tours across Europe and in Korea. 

Song of the Goat Theatre “Songs of Lear”
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Date and time: February 6 and 7, 2026 (Friday and Saturday), 8pm
  February 8, 2026 (Sunday), 3pm
Venue: Theatre, Hong Kong City Hall
Ticket prices: $380 and $480

As one of the most innovative voices in Poland’s avant-garde theatre scene, the Song of the Goat Theatre reimagines Shakespeare’s “King Lear” as a soul-stirring oratorio. Featuring 12 original compositions highlighting key tragic moments, the play interweaves fragments of text of Shakespeare with polyphonic singing, actors’ expressive movements and ritualistic staging to reveal the emotional and spiritual essence of Lear in a bold contemporary light. This production swept three major awards at the 2012 Edinburgh Festival Fringe, including The Scotsman Fringe First, Herald Archangel and Musical Theatre Matters awards. It subsequently toured across Europe and Asia to widespread acclaim.

Tickets for the above-mentioned programmes will be available from tomorrow (November 7) onwards at URBTIX (www.urbtix.hk). For telephone bookings, please call 3166 1288. A discount will be offered for those purchasing standard tickets of both programmes. For programme enquiries and concessionary schemes, please call 2268 7325 or visit https://www.lcsd.gov.hk/CE/CulturalService/Programme/en/theatre/

           

SFST’s speech at Society of Trust and Estate Practitioners Asia Conference 2025 (English only)

Source: Hong Kong Government special administrative region – 4

Following is the speech by the Secretary for Financial Services and the Treasury, Mr Christopher Hui, at the Society of Trust and Estate Practitioners (STEP) Asia Conference 2025 today (November 6):

Ladies and gentlemen, distinguished guests, members of STEP from across the globe,

     Good morning. It is my great pleasure to welcome you all to the STEP Asia Conference here in Hong Kong. I must say this week is rather eventful for us. We have the FinTech Week; we have the Global Financial Leaders’ Investment Summit, followed by the STEP Asia Conference. I think one thing that differentiates this one from the two that I attended earlier is that it is super quiet here. In fact this goes very much in line with the theme and also your mission, because there is a Chinese saying that “People only get rich when you stay quiet” (æ‚¶è�²ç™¼å¤§è²¡). After all, in this world of uncertainty and also the need for wealth planning for the future as highlighted by the theme of this year’s conference, “Thriving through Uncertainty: Wealth Planning for the Future”, we also need to be very focused and very professional in what we do. In an era of geopolitical shifts, market volatility, and rapid technological change, family offices and wealth owners are seeking not just preservation, but sustainable growth, intergenerational legacy, and positive impact. Hong Kong stands ready to be your strategic partner in this very journey.

     We have long been recognised as one of the world’s top international financial centres (IFC), with our asset and wealth management industry forming a cornerstone of that strength. In fact, we have recently been ranked third globally as an IFC, and Asia’s number one, with sectors including “banking”, “investment management”, “insurance” and “finance” ranked at the top three positions globally. Under the “one country, two systems” framework, we serve as the important link between the Chinese Mainland and global markets – backed by a robust regulatory system, world-class professional services, and deep market liquidity.

The Government’s initiatives on family offices

     The Government is fully committed to positioning Hong Kong as the premier hub for family offices in Asia and beyond. Our unique strengths – a common law system rooted in fairness and transparency, cutting-edge financial infrastructure, strategic proximity to the Mainland, and a simple tax regime – all make us the natural choice for ultra-high-net-worth families from across the world.

     We have adopted a multipronged, collaborative approach with regulators and industry partners to create a truly conducive environment. Central to this is the provision of profits tax concessions for family-owned investment holding vehicles managed by single family offices in Hong Kong. This lowers the cost barrier, allowing families to focus on long-term growth, legacy building, and impactful investing. To further sharpen our competitive edge, the Government will introduce a legislative proposal in the first half of next year to enhance the preferential tax regimes for funds, single family offices, and carried interest – ensuring that Hong Kong remains one of the most attractive jurisdictions for global capital and talent.

     Recognising the crucial role of talent and expertise, we established the Hong Kong Academy for Wealth Legacy two years ago under the Financial Services Development Council. The academy serves as a collaborative platform to network, share knowledge and enhance the capabilities of asset owners and industry practitioners, in particular the next-gen. By fostering positive financial management values and strengthening the talent pool, the academy supports the professionalisation of the sector, ensuring family offices have access to the expertise needed to thrive in a competitive and complex landscape. 

     Our policies so far, I must say proudly, deliver results. In 2023, we set an ambitious target to attract at least 200 family offices to establish or expand in Hong Kong by the end of this year. We achieved this goal ahead of schedule in September this year. Building on this momentum, as announced in the latest Policy Address by our Chief Executive, we now aim to welcome an additional 220 family offices between 2026 and 2028 – further deepening and enriching our ecosystem. We will continue to refine our policy measures to keep up the growth momentum of the family office sector.

A sustainable future

     Among different investment themes, we noted sustainable investment is one of the key opportunities pursued by global family offices, as they offer attractive risk-adjusted returns amid global uncertainties. Hong Kong is well positioned, and we have established ourselves as a leading international green and sustainable finance centre in Asia. Last year, the total green and sustainable debt issued in Hong Kong exceeded US$84 billion, with green and sustainable bonds arranged in the city amounting to US$43 billion, accounting for approximately 45 per cent of Asia’s total. This marks the seventh consecutive year for Hong Kong to top the league table in Asia, fully demonstrating our leadership in the green finance market.

     Bond and debt issuance aside, Hong Kong is also a pioneer in developing green and sustainable financial products. We have pioneered and witnessed the growth of various new ESG (environmental, social and governance) products in Hong Kong, including the world’s first government tokenised green bond, the world’s first exchange-traded fund (ETF) investing in Asian green bonds, Asia’s first green retail certificates of deposit, and the world’s first offshore A-share ESG ETF. These innovative products demonstrate Hong Kong’s advancements in green and sustainable finance and position our market well as an ideal place to channel capital towards green and sustainable projects.

Embracing the digital asset future

     Another key theme for diversification is the embrace of non-traditional asset classes, notably digital assets. I am glad to see STEP is also doing its work in terms of promulgating different policy areas on this front. In June this year, the Hong Kong Government released our Policy Statement 2.0 on digital assets, which outlines a vision for a secure, trusted, and innovative digital asset ecosystem, with measures announced around the theme of “LEAP” – Legal and regulatory streamlining, Expanding the suite of tokenised products, Advancing use cases and cross-sectoral collaboration, and People and partnership development.

     The Hong Kong Government is establishing a unified regulatory regime for digital assets, covering Exchanges, stablecoin issuers, trading service providers and custodians, with investor protection at its core. Guided by the principle of “same activity, same risks, same regulation”, our regime provides a solid ground for the market to further develop, and for global family offices and wealth owners to consider allocation in digital assets through Hong Kong’s regulated and compliant offerings.

     Nowadays, global family offices and asset owners need to carefully manage risks in portfolios. To summarise the various initiatives I just highlighted, what we seek to do and also provide for the market are the “3Cs” – clarity, consistency, and credibility. I must say in these days, these are actually quite rare commodities in the world, and Hong Kong delivers exactly that – a stable, predictable, and forward-looking environment where wealth can thrive through uncertainty. With concerted efforts from the industry, I am confident that Hong Kong will continue to thrive as the leading family office hub in Asia and beyond. On this front, I definitely count on the support from staff and also all of you. I wish this conference every success, and I hope all of you will find the discussions ahead insightful, productive and inspiring. And in particular, if you get some time out of this busy agenda to see more of Hong Kong by yourselves, Michael (Committee Member of STEP Hong Kong, Mr Michael Olesnicky) can be the perfect guide for you. Thank you.

Employers satisfied with work performance of local graduates

Source: Hong Kong Government special administrative region – 4

Most employers are satisfied with the work performance of local graduates, according to the findings of a survey commissioned by the Education Bureau (EDB) released today (November 6). The survey covered students who graduated from locally-accredited publicly-funded and self-financing first degree and sub-degree programmes in 2022.

Overall, about 98 per cent of the surveyed employers were satisfied with the work performance of first degree graduates, including about 79 per cent who indicated that they were quite satisfied or very satisfied. About 96 per cent of the surveyed employers were satisfied with the work performance of the sub-degree graduates, including about 66 per cent who were quite satisfied or very satisfied. The relevant results are comparable to those of the previous round of the survey.

The survey aimed to collect employers’ opinions on nine broad aspects of graduate performance, namely language proficiency, numerical competency, information technology literacy, analytical and problem-solving abilities, work attitude, interpersonal skills, management skills, technical knowledge required for the job, and knowledge of current affairs and business issues, self-learning ability and self-confidence. The survey results show that, of these nine aspects, work attitude was perceived by employers as the most important aspect of competence.

The 2022 first degree graduates performed the best in terms of work attitude and information technology literacy, followed by language proficiency. Their performance scores in all nine major aspects are over 3.50 on a five-point scale, indicating that their performance was better than “generally meeting employers’ required standard”. The overall work performance score of the graduates is 3.75, showing that they met and sometimes exceeded the employers’ required standard. This is also the highest score obtained in such surveys over the years.

The overall work performance score of the 2022 sub-degree graduates is 3.57, which is also the highest score among all rounds of surveys. Their performance scores in nine broad aspects are all over 3.40, showing that their performance was better than “generally meeting employers’ required standard”. The sub-degree graduates performed the best in terms of information technology literacy and work attitude, followed by interpersonal skills.

This survey was conducted from the third quarter of 2024 to the second quarter of 2025 through questionnaires to the employers, from both private and public sectors, of the relevant graduates. Over 1 500 valid responses were received from more than 1 500 companies, organisations, and government bureaux and departments, covering over 1 300 local first degree graduates and 250 local sub-degree graduates.

The EDB has been conducting the survey since 1998 with a view to keeping track of the quality of graduates and employers’ views. This survey was the 10th round. Details are available on the Concourse for Self-financing Post-secondary Education webpage (www.cspe.edu.hk/en/resources/survey-reports/).