Month: November 2025

Source: Hong Kong Government special administrative region

Source: Hong Kong Government special administrative region

Source: Hong Kong Government special administrative region

Source: Republic of China Taiwan

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2025-11-01
President Lai meets North Carolina Governor Josh Stein
On the afternoon of October 31, President Lai Ching-te met with a delegation led by North Carolina Governor Josh Stein. In remarks, President Lai thanked the governor for his visit, showing high regard and friendship for Taiwan. The president expressed hope to continue deepening collaboration in such areas as economic and trade ties, biotechnology and healthcare, electric vehicles, and AI, with joint efforts yielding mutually beneficial results. A translation of President Lai’s remarks follows: It is a pleasure to welcome Governor Stein as he leads a delegation to Taiwan during his first year in office. This is the first time in 25 years that a governor from North Carolina has visited Taiwan. Your presence not only demonstrates high regard and friendship for Taiwan, but also shows that our bilateral relations are rising to new heights. Taiwan and North Carolina have maintained a sister-state relationship for over 40 years. In the past decade and more, numerous Taiwanese companies have invested in North Carolina, further deepening our economic and trade cooperation. In 2023, North Carolina made Taiwan the site of its ninth overseas office, using Taiwan as a core base to connect with Southeast Asia, China, and other Asian markets. This has helped build a strong cooperative network and made the bilateral relationship between Taiwan and North Carolina all the more dynamic. I understand that North Carolina’s economic performance is very impressive. The state not only boasts a highly skilled workforce and a friendly investment environment; it is also home to the largest research-focused science park in the United States – Research Triangle Park (RTP), which contains a wealth of talent and resources from industry, government, academia, and the research sector. Currently, the park’s main industries include information technology, automobile manufacturing, and biomedicine and pharmaceuticals. These are also sectors in which Taiwan shines. Taiwanese electric vehicle and semiconductor companies participated in the SelectUSA Investment Summit both this year and in 2023, with delegations visiting North Carolina to explore the investment environment and identify opportunities for collaboration. I am confident that if Taiwan and North Carolina can join forces to deepen collaboration in such areas as biotechnology and healthcare, electric vehicles, and AI, this will undoubtedly make significant contributions to Taiwan-US economic and trade exchanges, as well as future human welfare. I would like to thank the North Carolina Department of Public Instruction for approving in August the inclusion of Taiwan’s Test of Chinese as a Foreign Language in the state’s Seal of Biliteracy framework. This has laid a deeper foundation for enhancing Taiwan-US relations. I also wish to thank the North Carolina General Assembly for passing Taiwan-friendly resolutions for five consecutive years. These have supported Taiwan’s international participation and encouraged the negotiation of a bilateral trade agreement between Taiwan and the US. Recent US tariff policies, while posing challenges to the global economic order, have also created new opportunities for Taiwan-US economic and trade cooperation. Taiwan will continue to deepen economic and trade relations with the US. Through joint efforts, we look forward to reciprocal tariff negotiations yielding timely, mutually beneficial results. Finally, I thank Governor Stein once again for his support of Taiwan. Please feel free to visit anytime; Taiwan will always welcome you with open arms. I wish the delegation a smooth and successful trip. Governor Stein then delivered remarks, first stating that it is a tremendous honor to visit on behalf of the state of North Carolina and extending appreciation for the consideration he and his delegation received. The governor then expressed his concern for those impacted by Typhoon Ragasa and condolences to the families who lost loved ones, mentioning that a similarly devastating storm hit North Carolina one year ago, and that they are still working hard to recover. He stated that they are grateful for Taiwan’s generous contribution to North Carolina in their time of need. Governor Stein indicated that this is his first visit to Taiwan, and that he is already deeply impressed by the incredible energy and spirit of innovation that defines this island. He said that it is immediately clear to him that the partnership between North Carolina and Taiwan has the potential to grow even stronger. North Carolina and Taiwan, he said, are both bound by a deep and abiding appreciation for democracy, a shared commitment to free enterprise, and a mutual drive to innovate and build a more prosperous and sustainable future for our people. Noting that the delegation is in Taiwan on a commercial mission, Governor Stein said that they hold much admiration for the economic powerhouse that the people of Taiwan have built. He also said that they see much overlap between both economies and great opportunity to strengthen our economic ties. Already, a number of Taiwanese companies operate in North Carolina, he said, and many are considering investments there. The governor went on to say that North Carolina is proud to have been ranked the number one state for business in the US this year, and has achieved this ranking three times in the past four years. It is also the third fastest-growing state by population, he said. The governor stated that North Carolina has many factors working in its favor, including RTP, the largest science park in the US; a relatively low cost of doing business with electricity, land, construction, labor, and taxes; a convenient location; excellent infrastructure; and an agreeable quality of life. Governor Stein then emphasized that North Carolina’s greatest asset is its people, noting that it has excellent universities and community colleges that train its workforce to meet the needs of various critical economic sectors in the state such as life sciences, information technology, semiconductors, AI, aerospace, the automotive industry, advanced manufacturing, finance, and agriculture. The governor said that there is strong overlap between North Carolina’s economy and Taiwan’s Five Trusted Industry Sectors, and that they look forward to growing commercial ties. Over time, he said, strong economic ties become strong cultural ties, which bring people closer together, and they look forward to enjoying that future together.

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2025-10-28
President Lai meets European delegates to 2025 Formosa Club Annual Conference
On the afternoon of October 28, President Lai Ching-te met with European delegates to the 2025 Formosa Club Annual Conference and Taiwan-Europe Undersea Cables Security and Cooperation Forum. In remarks, President Lai expressed his appreciation to the guests for promoting pro-Taiwan resolutions in the European Parliament and their respective national parliaments, and for supporting Taiwan’s international participation. The president indicated that this marks the first time the annual conference has been held in Taiwan, and stated that Taiwan is fully committed to collaborating with European and other democratic partners to enhance the security and resilience of undersea cables and other critical infrastructure. He also stated that Taiwan is ready to work with Europe to strengthen the alignment between technology and our values of freedom and democracy through public-private cooperation, so as to jointly establish a new paradigm for democratic partnerships. The president expressed hope to continue working hand in hand to promote global peace, prosperity, and development. A translation of President Lai’s remarks follows: Let me start by warmly welcoming you all to Taiwan. I would also like to thank you for sharing valuable insights and engaging in in-depth exchanges at the conference and forum. The Formosa Club was jointly established in 2019 by the European Parliament-Taiwan Friendship Group and Taiwan friendship groups of the national parliaments of Germany, France, and the United Kingdom. Its goal is to rally support among like-minded countries for Taiwan’s international participation. This year is especially significant because it marks the first time the Formosa Club Annual Conference has been held in Taiwan. I would like to take this opportunity to express my appreciation for your longstanding efforts in promoting pro-Taiwan resolutions in the European Parliament and your respective national parliaments. In particular, the European Parliament has adopted numerous resolutions and statements in its current term that categorically oppose China’s malicious distortion of United Nations General Assembly Resolution 2758 and reject any attempts by China to unilaterally change the status quo in the Taiwan Strait by force or coercion. Taiwan has never backed down in the face of expanding authoritarianism. We have always steadfastly upheld the values of democracy and freedom. Your support for Taiwan shows the international community that even under the pressure of authoritarian coercion, we still have like-minded friends who are willing to speak up in the name of friendship and stand for freedom and democracy. This shows the Taiwanese people that democratic partners around the world are working hand in hand with Taiwan to tackle challenges. In recent years, both Taiwan and Europe have faced challenges arising from undersea cable damage or interference. These incidents have reminded us that subsea infrastructure is a lifeline of the global digital economy and a foundation of cybersecurity and economic resilience for democratic nations. At the Taiwan-Europe Undersea Cables Security and Cooperation Forum earlier, Minister of Foreign Affairs Lin Chia-lung (林佳龍) introduced Taiwan’s RISK Management Initiative on International Undersea Cables. I want to stress that Taiwan is fully committed to collaborating with European and other democratic partners to enhance the security and resilience of undersea cables and other critical infrastructure. We are also ready to work with Europe to strengthen the alignment between technology and our values of freedom and democracy through public-private cooperation, so as to jointly establish a new paradigm for democratic partnerships. In closing, I once again welcome all our guests who have traveled so far to be here. Thank you for showing support for Taiwan through your actions. Let us continue to work hand in hand to promote global peace, prosperity, and development. Rihards Kols, chair of the 2025 Formosa Club Annual Conference and member of the European Parliament Committee on Foreign Affairs, then delivered remarks, first thanking President Lai for the warm reception. He noted that hospitality is something that defines Taiwan and its people, and that he believes everyone in attendance has experienced this hospitality. He went on to say that as chair of this year’s annual conference, he sends best regards from Chair Michael Gahler of the Formosa Club in the European Parliament, adding that Chair Gahler reaffirms the work they have concluded in the past two days on both the joint statement and the discussions related to undersea cables, the challenges that face democracies, and how the European Union, Europe, and Taiwan must collaborate in order to tackle these issues. Chair Kols then acknowledged and extended appreciation to Taiwan for its support for Ukraine, as well as for imposing sanctions where necessary to avoid circumvention. The chair then presented the joint statement from the conference, stating that it not only reflects the efforts of the Formosa Club on ongoing issues, but also focuses on enhancing the partnership with Taiwan, be it representation in international arenas or the meaningful representation of Taiwan, adding that this is something they will work on hands-on. He also noted that people-to-people relations is something they keep dear to their hearts and will promote whenever possible. Els Van Hoof, head of the Belgian Chamber of Representatives delegation, then delivered remarks, stating that Taiwan, Belgium, and the members of the Formosa Club share the values of democracy, human rights, and rule of law, making us natural allies in the shared threat of China and Russia. She indicated that the Belgian Parliament has already adopted a resolution against the distortion of UN Resolution 2758, and now will discuss risk management for undersea cables, adding that there has to be cooperation. She expressed hope to continue working together and deepen cooperation on risk management, creating a global shield of democratic resilience. Erin McGreehan, member of the Chamber of Representatives of Ireland and head of the Irish cross-party parliamentary delegation, then delivered remarks. Ireland and Taiwan, she said, are two very proud island nations who believe in self-determination, democracy, human rights, and freedom. She expressed her belief that we must work together in this troubled time of global unrest and conflict to secure all our futures, stating that we will do that only through dialogue, cooperation, acceptance of difference, and ability to embrace new opportunities. She mentioned that for Ireland and Europe, she sees Taiwan as their opportunity, not only to support a democratic country in Asia, but to enhance economic, educational, and cultural ties. She then said that they have much to do and much to look forward to. Thorsten Benner, co-chair of the delegation of European opinion leaders and co-founder and director of the Global Public Policy Institute in Berlin, then delivered remarks. He said that it is a pleasure for him to be in Taiwan for the first time, noting that their group is eager to learn about Taiwan and how they can deal with shared challenges. He then mentioned examples of such challenges, including our aging societies and the younger generations’ feeling of uncertainty about their future prospects. Justyna Szczudlik, co-chair of the delegation of European opinion leaders and deputy head of research at the Polish Institute of International Affairs, then delivered remarks. She said that their delegation is here because they would like to experience democracy in Asia and in Taiwan, where they have felt its vibrancy. Noting that we are living in turbulent times because of many things ongoing in different parts of the world, she said that there is a consensus in Europe – and not only in Europe – that the security of Europe, of Asia, and of the Taiwan Strait are interconnected. She pointed out that it is in our common interest to work together and to focus on security, the most important topic for Europe, Asia, and Taiwan. In closing, she expressed thanks for President Lai’s meeting with them and for the enormous hospitality they have received, adding that they hope to be back next year.

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2025-10-28
APEC envoy Lin Hsin-i delivers remarks before departing for 2025 APEC Economic Leaders’ Meeting
On the morning of October 28, ahead of his departure for Korea to attend the 2025 APEC Economic Leaders’ Meeting (AELM) from October 31 to November 1 in Gyeongju, APEC Leader’s Representative Lin Hsin-i (林信義) delivered remarks on his upcoming trip. Leader’s Representative Lin said that during this trip he will share with all APEC members and business representatives Taiwan’s unique characteristics and strengths in various fields, with the aim of promoting Taiwan, attracting investment, fostering exchange and cooperation, and further enhancing Taiwan’s standing in APEC. In remarks, Leader’s Representative Lin stated that he was honored to once again be entrusted by President Lai Ching-te to attend the AELM, which will be held this year in Gyeongju, Korea. He said that APEC is a multilateral economic and trade forum that is also an important venue where the Taiwan delegation can engage on equal footing with other APEC members. He emphasized that the AELM in particular is an important summit and a rare opportunity for Taiwan to attend within the changing economic landscape, adding that Taiwan has also made major contributions to APEC in its many years of active participation. Leader’s Representative Lin mentioned that recently the political and economic situation has seen many changes, with the potential to shift overnight. In particular, he said, the geo-economic situation and demographic shifts highlight the importance and urgency for the public and private sectors and all enterprises and organizations to collaborate and seek solutions. He emphasized that Taiwan’s economic experience and the strengths it has cultivated over a long period will allow it to play a critical role in APEC as it works together with other APEC members to collectively advance toward APEC’s goals for balanced, inclusive, sustainable, and innovative growth. Leader’s Representative Lin said that during this trip he will fully explain to all APEC members and business representatives the major propositions that President Lai hopes to convey, as well as share Taiwan’s unique characteristics and strengths in various fields, particularly its experience in the semiconductor industry, artificial intelligence, smart medicine, and small- and medium-sized enterprises. He explained that this will be conducive to promoting Taiwan, attracting investment, fostering exchange and cooperation, and further enhancing Taiwan’s standing in APEC. Leader’s Representative Lin, noting that the Pacific Ocean is vast and expansive, remarked that last year’s APEC was held on the right side of the Pacific and this year’s on its left. However, he said, as long as member economies are in close cooperation, distance will not be an obstacle, and cooperation will not be difficult. He once again thanked everyone for coming to show support for the delegation, noting that their blessings are greatly meaningful to the delegation.  

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2025-10-28
President Lai attends AIPAC dinner event  
On the evening of October 27, President Lai Ching-te attended an American Israel Public Affairs Committee (AIPAC) dinner event. In remarks, President Lai thanked AIPAC for long highlighting the importance of peace across the Taiwan Strait to regional and global peace and prosperity. He also stated that Taiwan, the United States, and Israel may be geographically distant, but are all firmly committed to freedom, human rights, and the rule of law, standing on the frontline against authoritarianism and defending our way of life and fundamental values. The president said that Taiwan will continue to increase military investment and bolster its self-defense capabilities. He expressed hope that Taiwan will make the most of its advantages as a semiconductor industry hub by integrating US and Israeli resources in research and development, and deepen economic and trade collaboration to help achieve regional peace, stability, and prosperity. A transcript of President Lai’s remarks follows: I extend a warm welcome to the first ever delegation to Taiwan from the American Israel Public Affairs Committee. AIPAC is a prominent nonprofit, dedicated to advancing US-Israel relations. It is a highly prestigious and influential organization in the United States. I am so pleased to see that AIPAC’s first delegation to Taiwan comprises over 200 people. I would like to thank President [Bernard] Kaminetsky and the delegation for their high regard and support of Taiwan. Let me also recognize Mr. Jeffrey Schwartz, founder of the Jeffrey D. Schwartz Jewish Community Center, for his long-term promotion of exchanges between Taiwan, Israel, and the US Jewish community, and in particular his efforts in facilitating this visit. The delegation includes leaders from politics, business, and other sectors of the United States. Many of you are visiting Taiwan for the first time. Over the past few days, I am sure you have experienced Taiwan’s freedom, diversity, and vibrancy. Taiwan and the United States are steadfast partners that share the values of freedom and democracy. We are delighted that with cross-party support, Taiwan-US-Israel ties continue to deepen. At this important event, I want to take the opportunity to express my relief that the Israeli hostages have been released. Following the Hamas violent attack on October 7, 2023, Taiwan immediately condemned the attack and then provided assistance to the Israeli people through humanitarian aid and medical supplies. The latest ceasefire and release of hostages have been the most significant developments in the past two years. The breakthrough was a major diplomatic achievement for US President Donald Trump and an important step toward peace in the Middle East. I would like to recognize the tireless contributions of AIPAC members to regional peace during this period. Jewish culture has one of the longest histories in the world. In recent centuries, Jewish people have suffered constant persecution. Yet, with persistence and determination, the more than 15 million Jews around the world have become pillars of their respective communities. The Taiwanese people often look to the example of the Jewish people when facing challenges to our international standing and threats to our sovereignty from China. The people of Taiwan have never become discouraged. By working hard, they have made Taiwan an indispensable partner in the global high-tech industry and the development of artificial intelligence. Taiwan is one of the very few countries that holds International Holocaust Remembrance Day events each year with the Israeli and German missions. In recent years, commemorations have been attended by the president. In addition to reminding us of the grave historical significance behind the phrase “never again,” the events also pay tribute to all acts of courage against totalitarianism. Today’s global landscape is in a state of constant flux. Taiwan, the United States, and Israel may be geographically distant, but we are all firmly committed to freedom, human rights, and the rule of law. We stand on the frontline against authoritarianism, defending our way of life and our fundamental values. My friends, appeasement has never been the way to stop authoritarian regimes. Only the concept of peace through strength can overcome all changes and challenges. This is a maxim that the societies of Taiwan, the United States, and Israel have stood by for years. Israel’s determination and capacity to defend its territory provides a valuable model for Taiwan. I have always believed that Taiwan needs to channel the spirit of David against Goliath in standing up to authoritarian coercion. Over the past few years, Taiwan has further bolstered its self-defense capabilities. Next year’s defense budget, as defined by NATO, will exceed 3.32 percent of GDP. We aim to reach 5 percent by 2030. Meanwhile, inspired by Israel’s Iron Dome and the US Golden Dome, Taiwan will build its own T-Dome multilayered air defense system. Looking ahead, Taiwan will continue to increase military investment. This includes building capacity in the indigenous defense industry and procuring necessary weapons and technology from other countries to bolster overall combat capacities. We hope that AIPAC will lend Taiwan even greater support and assistance in this matter. The United States has consistently demonstrated strong bipartisan support for Taiwan. Recently, Taiwan has also increased engagement with the Israeli administration and Knesset (parliament). Last month, I met with a delegation led by Mr. Boaz Toporovsky, chair of the Israel-Taiwan parliamentary friendship group. I was honored to receive a joint statement backing Taiwan’s international participation signed by 72 Knesset members from various political parties. We are very grateful for the demonstration of support from the Knesset, as well as its stance of firm opposition to Beijing’s “one China” framework and distortion of United Nations General Assembly Resolution 2758. In addition to cooperation on defense, security, and foreign affairs, at this critical juncture in the restructuring of global supply chains, Taiwan, the United States, and Israel should strengthen collaboration in the key areas of trade and investment. Taiwan is well-versed in advanced chip manufacturing and is very willing to enhance cooperation with Israel under President Trump’s AI Action Plan. When I served as mayor of Tainan, I was invited to Israel for the International Mayors Conference. I was deeply impressed by the diversity and resilience of Israel – the innovation nation. I look forward to Taiwan making the most of its advantages as a semiconductor industry hub by integrating US and Israeli resources and experience in research and development. Together, we can deepen collaboration in such fields as semiconductors, ICT, and cybersecurity to jointly expand our global market share and bolster supply chain resilience. In closing, I once again extend a warm welcome to all of you for visiting Taiwan. I hope that the United States, Israel, and other partner countries will continue to highlight the importance of peace across the Taiwan Strait to regional and global peace and prosperity. When you return home, please share your experiences in Taiwan with your friends in all sectors of US society, so that more people can get to know Taiwan and understand what it has to offer. I believe that trilateral Taiwan-US-Israel cooperation can help achieve regional peace, stability, and prosperity.   

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2025-10-22
President Lai meets Tennessee Governor Bill Lee
On the afternoon of October 21, President Lai Ching-te met with a delegation led by Tennessee Governor Bill Lee. In remarks, President Lai said that Taiwan sees Tennessee as an important site for its global deployment and that the two sides have signed a memorandum of understanding on economic and trade cooperation. The president noted that Taiwan’s tech industry has already established AI server manufacturing facilities in Tennessee, with production capacity continuing to expand. Welcoming Governor Lee’s decision to set up a Tennessee office in Taiwan, the president expressed hope that this will open up more opportunities for cooperation in many areas, while promoting industrial upgrading, and further consolidating the Taiwan-US partnership. A translation of President Lai’s remarks follows: On behalf of the people of Taiwan, I would like to begin by extending a warm welcome to Governor Lee and Tennessee First Lady Maria Lee, who are visiting Taiwan for the first time. I am sure that their trip will help deepen the partnership between Taiwan and Tennessee and open a new chapter in bilateral cooperation. Tennessee serves as a key industrial hub in the United States. Offering an excellent economic and trade environment, the state has attracted local investment and development from many multinationals and demonstrated strong economic momentum in recent years. As a longstanding and trustworthy trading partner of the US, Taiwan sees Tennessee as an important site for its global deployment. At present, Taiwan’s tech industry has already established AI server manufacturing facilities in Tennessee, with production capacity continuing to expand. We look forward to working with the US to build more secure, resilient, and competitive supply chains. This will not only help the US reindustrialize and become a global AI hub, but also encourage industrial growth on both sides. At the same time, Taiwan is sparing no effort to bolster such key industries as semiconductors, AI, national defense, security and surveillance, and next-generation communications. Across these areas, we aspire to link with Tennessee’s strong production and innovation capacity so as to further broaden the prospects for Taiwan-US cooperation. I would like to take this opportunity to especially thank Governor Lee and the Tennessee General Assembly for their long-term support for Taiwan’s international participation. In particular, Governor Lee has signed Taiwan-friendly resolutions in five consecutive years and has encouraged the deepening of exchanges and cooperation between Taiwan and Tennessee in many domains, actively advancing the development of bilateral relations. During Governor Lee’s visit, Taiwan and Tennessee have also signed a memorandum of understanding on economic and trade cooperation. This will help open up more opportunities for bilateral cooperation in such areas as high-tech manufacturing, electric vehicles, new energy, and innovation and R&D. This will not only promote industrial upgrading, but also further consolidate the Taiwan-US partnership. Furthermore, we welcome Governor Lee’s decision to set up a Tennessee office in Taiwan. Looking ahead, I am confident that bilateral exchanges will grow even closer and new milestones will continue to be set. Governor Lee then delivered remarks, first saying that his delegation is delighted to be in Taiwan and that they have been greeted with kindness and generosity. He mentioned that Tennessee has, through legislative procedure and signed proclamations by the governor, recognized the importance of Taiwan in the world and of the strategic partnership between Taiwan and the state of Tennessee. The governor noted that, traveling in Taiwan, it has become evident to him that the importance of Taiwan in the globe, economically and as a business leader, is increasing rapidly, and that the world and the US recognize the importance of Taiwan as a strategic partner to the US. He added that they also recognize that Taiwan’s economy and business are growing exponentially, and for that reason Tennessee sees an incredible opportunity in expanding the partnerships that they have with companies from Taiwan choosing to invest in the state of Tennessee. Governor Lee said that because of their great desire to strengthen the partnership and the bonds between Taiwan and Tennessee, they have signed a memorandum of understanding with the Ministry of Economic Affairs and made the commitment to open an office in Taiwan so that they can better understand the needs of the companies in Taiwan when they come to Tennessee.  Governor Lee highlighted that one of the most valuable assets that companies from Taiwan bring to the people of Tennessee is the culture of Taiwan, noting how that enhances the culture of Tennessee. He said that they look forward to not only increased economic partnerships but to the partnership of cultures as the people of Taiwan and Tennessee become accustomed to each other.

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2025-10-10
President Lai delivers 2025 National Day Address
President Lai Ching-te on the morning of October 10 attended the ROC’s 114th Double Tenth National Day Celebration in the plaza fronting the Presidential Office Building, and delivered an address titled “A New Taiwan Rises in a Time of Change.” A translation of the president’s address follows: National Day Celebration Chairperson Han Kuo-yu (韓國瑜), Vice President Bi-khim Hsiao, Premier Cho Jung-tai (卓榮泰), Her Excellency the Governor-General of Belize Froyla Tzalam and Mr. Daniel Mendez, His Excellency the Governor-General of St. Lucia Errol Charles and First Lady Anysia Charles, President of the Chamber of Deputies of the Republic of Paraguay Raúl Latorre, Japan-ROC Diet Members’ Consultative Council Chairman Furuya Keiji, heads of delegations from diplomatic allies and friendly nations, members of the foreign diplomatic corps in Taiwan, distinguished guests from home and abroad, and my fellow citizens here in person and watching on TV or online: Good morning. Today is the National Day of the Republic of China, and while we gather every year to celebrate the nation’s birthday, this year is an especially significant one. It is a historic year for Taiwan’s democratization. One month ago, September 10, was the historic date when the number of days Taiwan had spent free from martial law officially surpassed the number of days endured under its stifling rule. This signifies that we have parted entirely from an authoritarian regime and its shadow, and have ushered in a democratic future full of hope. We will not forget the blood and tears of those who united to defend against aggression, nor will we forget the selfless sacrifices of past generations in pursuit of democracy and freedom, granting sovereignty to the people. Those stories, which have become woven into the fabric of our land, are our collective memory. Democratic Taiwan, forged through untold hardships, is what most clearly positions the 23 million people of Taiwan, Penghu, Kinmen, and Matsu in this world. Taiwan is a beacon of democracy in Asia. For every person still living in darkness under authoritarian rule, we forever shine the light of hope. This year also saw Taiwan’s rise. Nations around the world are suffering drastic changes and challenges, and Taiwan is no exception. In addition to the Russia-Ukraine war, turmoil in the Middle East, and China’s continued military expansion, the United States’ tariff policy has delivered a blow to economies and industries alike. But the people of Taiwan are still on their feet. And not only that – this year’s economic performance greatly impressed the global community. According to the Asian Development Bank’s latest report, Taiwan’s economic growth rate this year leapt from 3.3 to 5.1 percent, leading the Four Asian Tigers and surpassing China. Taiwanese exports have continued to reach record highs, and employment is at its best in 25 years. Our stock market has also risen for six consecutive months, hitting an all-time high of 27,301 points. Taiwan’s market capitalization has topped US$3 trillion, making our stock market the world’s eighth largest, and foreign exchange reserves surpassed US$600 billion for the first time, setting a new record. In the midst of adversity, we remain undaunted. In the midst of challenges, we grow ever stronger. These are achievements that the people of Taiwan made together. Let us all celebrate them!  These impressive economic accomplishments also reflect the stellar record of Taiwan’s semiconductor, ICT, electronic component, and other leading industries. Their advantageous position in the global supply chain is the result of long-term key policies for the development of technological and manufacturing capabilities, unique business models, and government-led science parks. This is a monumental industrial achievement forged by decades of combined efforts, and it belongs to all the people of Taiwan. As president, it is my mission to protect these valuable assets and use them to boost Taiwan’s and even worldwide industrial and economic growth, helping to create even better lives for people in Taiwan and around the world. This is also the direction Taiwan is taking. Of course, we will certainly not ignore the formidable challenges in this time of global change, and the risks they pose to different industries, different fields, and groups of different backgrounds. Many of the champions, traditional industries, and micro-, small-, and medium-sized enterprises (MSMEs) leading Taiwan’s economic growth from behind the scenes are facing the pressure of the digital and net-zero transition. Many workers feel concerned and uneasy about job opportunities, salaries, commodity prices, and cost of living in the face of the AI wave. Farmers are also being impacted by an aging rural population and market liberalization. The government will not take these challenges lightly, and will not ignore the impact they have on each and every citizen. It is our responsibility to put our full effort into assisting traditional industries, MSMEs, working families, and those in the agricultural and fishing industries. Therefore, in addition to having proposed a 93-billion-NT-dollar tariff impact support plan to help enterprises, workers, and those in the agricultural and fishing industries weather this difficult time, the government will also be investing tens of billions of dollars each year to help MSMEs introduce AI into their work so they can move toward digital and net-zero upgrading and transformation and address challenges. For traditional machine tools, screws and nuts, and other industries that are facing difficulties, we will also be proposing separate countermeasures to actively help boost competitiveness and expand the market. My fellow citizens, times of change are also times of opportunity. Taiwan’s economic performance is clear for all to see, and our key position in the global supply chain can neither be challenged nor replaced. In the face of change, we must not doubt ourselves or waver, but seize opportunities with confidence and bravely follow through. We must not be complacent or turn back, but even more proactively forge ahead in the world. A Taiwan that is certain will serve as an important, reliable, and steady force for an uncertain world. Moving ahead, we will adopt three major strategies in order to ensure the Republic of China Taiwan’s competitive advantage: First, we will expand investment in Taiwan. Our Three Major Programs for Investing in Taiwan have yielded substantial results. Investment has surpassed NT$2.5 trillion, creating over 160,000 job opportunities. In July, the Executive Yuan extended the programs to 2027 while also expanding applicable industries and eligibility to include overseas Taiwanese businesses worldwide and foreign investing enterprises. The government is continuing to optimize the investment environment, adding NT$720 billion in new loans to attract investment in Taiwan and bring in an estimated NT$1.2 trillion in capital and 80,000 more job opportunities. Besides having good work, we should also have good lives. With this in mind, the government launched the Trillion NT Dollar Investment National Development Plan to encourage copious investment of private capital in public infrastructure through innovative public-private partnerships. It expands funding for construction while at the same time promoting critical infrastructure projects across counties and cities nationwide, in areas such as water, electricity, housing, education, healthcare, culture, tourism, and transportation. This will help meet local residents’ needs so they can live happy lives, and enable industries and spheres of living to develop in a complementary way so that we can achieve our goal of a balanced Taiwan. Second, we will deepen international economic and trade cooperation, and expand our global presence. This year, Taiwan and the United Kingdom, under the framework of our Enhanced Trade Partnership arrangement, additionally signed three pillar arrangements in investment, digital trade, and energy and net-zero. This marks a new milestone for Taiwan-UK economic and trade relations, showing our mutual commitment to high international trade standards and laying the foundation for cooperation in technology, advanced manufacturing, and other strategic industries. Moving ahead, Taiwan will sign bilateral economic and trade cooperation agreements with even more friends and allies while upholding the principle of mutual benefits. We will also actively engage in reciprocal tariff negotiations with the US to secure a reasonable rate, resolve the trade deficit between Taiwan and the US, and deepen industrial cooperation. This will enable Taiwan’s economic development to become more globally connected and thereby make great strides. Third, we are building a chain of “guardian mountains” to shore up Taiwan’s industrial capabilities. In this digital age, we will implement 10 new AI infrastructure initiatives. In addition to helping make Taiwan one of the world’s top five computing centers, we will also invest more vigorously in R&D in three key technological fields: quantum technology, silicon photonics, and robotics. This will facilitate the introduction of AI tools in different sectors and professions, and promote the application of AI in various fields, helping Taiwan move toward an era of comprehensive smart technology and continue to maintain its leading position in global tech development. We are also building Taiwan into a hub in Asia for asset management. This will not only help retain trillions in Taiwanese capital, but attract investment in Taiwan with international capital, promoting growth in the financial industry, creating quality job opportunities, and strengthening Taiwan. The biopharmaceutical industry is a key national industry and has thus been included in our National Project of Hope. We are also developing toward greater use of precision health in health maintenance, preventive medicine, diagnosis, treatment, and care, giving our nation durable competitiveness and advancing the well-being of our people. Next year, our National Infectious Diseases Bank will be completed, and Taiwan will continue stepping up its cooperation with other countries in the field of biotechnology. Through our program for investment in smart healthcare innovation and entrepreneurship, with its budget of NT$10 billion, we will encourage more firms to invest in innovative R&D, expand investment, and move the biomedical industry toward becoming a trillion-NT-dollar industry, which will be one more guardian mountain for our nation. My fellow citizens, Taiwan is for all the people of Taiwan. We are well aware that no matter how impressive our economic performance may be, we must not overlook anyone on this land. The fruits of our economic growth should be enjoyed by all our people. Good numbers should translate into good lives, with no one left behind. Helping our citizens stay healthy, nurturing young talent, creating an even better environment for the younger generation, and providing greater support for young families is the government’s absolute responsibility. The Healthy Taiwan Cultivation Plan, launched this year, is improving the medical environment and system overall and will ensure higher quality healthcare services for all citizens. Also this year, we officially established the Ministry of Sports, ushering in a new era of sports for all, competitive sports, and professional sports. With this new ministry, we aim to ensure that all athletes receive full national support so that they can pursue their dreams on the global stage, winning national glory. In addition, to support our young people, we are providing free tuition for high schools and vocational schools, and an NT$35,000 annual tuition subsidy for students of private junior colleges, colleges, and universities. Our Taiwan Global Pathfinders Initiative, which supports young people aged 15 to 30 in pursuing their dreams abroad, is officially underway. Moreover, for renters, the government provides NT$30 billion in annual rent subsidies. Unmarried renters with an annual income below NT$626,000, families of four with a combined annual income below NT$1.641 million, and households with three generations living together with a combined annual income below NT$2.1245 million will be exempt from individual income tax. We will also provide even greater support to the young parents in our society. In addition to promoting version 2.0 of our national childcare policy for ages 0–6, with increased childcare allowances and expanded childcare subsidies, starting next year, the government will provide an increased birth subsidy of NT$100,000 per child. Nor do our senior citizens need to worry. Next year, with the launch of Long-Term Care 3.0, the government will work hard to ensure that all seniors receive more convenient, more comprehensive care. Our goal is to ensure that all to whom the nation belongs – our children, young people, parents, and grandparents – receive better care so that they can face the future with greater confidence. This year also marks the 80th anniversary of the end of World War II. The lessons of World War II are still fresh in our memory. The ambitions of the aggressors in that conflict caused widespread devastation and loss of life. In today’s world, authoritarianism continues to expand and the international order faces severe challenges. Regional order in the Taiwan Strait, East China Sea, and South China Sea, and even the security of the entire first island chain, are under serious threat. Democratic Taiwan is a crucial link for the peace and stability of the Indo-Pacific and a responsible member of the international community. As such, Taiwan will work to uphold the status quo, ensure peace and stability across the Taiwan Strait, and promote the prosperous development of the region. We look forward to the day when China can take responsibility as a major power and cease its distortion of United Nations General Assembly Resolution 2758 and historical World War II documents. We also hope it will renounce the use of force or coercion to change the status quo across the Taiwan Strait so that we can jointly maintain the peace and stability of the Indo-Pacific. Looking back at World War II, we see that so many experienced the suffering of war and the pain of invasion. We should learn from these lessons and ensure that the tragedies of history are never repeated. The outcomes of that conflict tell us that aggression fails, unity prevails, and that peace is won through strength. I want to declare to our citizens and the international community: At the end of this year, we will be proposing a special budget for national defense. Defense spending, as it is defined by NATO, will exceed 3 percent of GDP next year, and will reach 5 percent of GDP by 2030, showing our determination to safeguard the nation. The increase in defense spending has a purpose; it is a clear necessity to counter enemy threats and a driving force for developing our defense industries. Through our new defense budget, we aim to achieve three major goals: First, we will accelerate our building of the T-Dome, establish a rigorous air defense system in Taiwan with multi-layered defense, high-level detection, and effective interception, and weave a safety net for Taiwan to protect the lives and property of citizens. Second, we will advance the integration of high-tech and AI technologies to build a smart defense combat system, maximizing effective deterrence for our asymmetric strategy. Third, we will continue to invest in innovative defense technologies and collaborate with the military industries of advanced nations to bolster our defense industry capabilities. We will strengthen our domestic supply chains through local R&D, design, and manufacturing. This will enable Taiwan to accelerate industry upgrades, enhance the resilience of our military equipment, and boost the capacity of our defense industry. In that way, Taiwan, becoming a trusted security partner for our friends and allies, can jointly avoid the red supply chain and foster trust in defense among free and democratic countries, while building a robust line of defense to safeguard the values of freedom and democracy. We are determined to maintain peace through strength. We firmly believe that strength is not obtained through military strength alone, but must also rely on resilience throughout society. Over the past year, through the efforts of the Office of the President Whole-of-Society Defense Resilience Committee, we have built up greater strength between the government and private sector, and between the central and local governments. We have integrated disaster prevention and defense to strengthen military-civilian cooperation. We have also continued to strengthen resilience in civilian training, energy, healthcare, information and communications networks, and finance, comprehensively enhancing our ability to respond to various crises. I want to emphasize that building societal defense and resilience requires every ounce of effort. Last month, we released our updated national public safety guide, which includes strategies for responding to various natural disasters and even extreme scenarios such as a military invasion. We plan to gradually ensure that each and every household has access to this safety guide, because only when all of society participates and learns to help themselves and one another can Taiwan develop greater resilience to face all kinds of challenges. My fellow citizens, over the past year, we have faced numerous challenges together, but the people of Taiwan never give up hope. Whenever a crisis arises, we always see numerous Taiwanese standing on the frontline, selflessly dedicating themselves to the nation they love. Just last month we saw two very moving scenes. The first was at the UN General Assembly held in New York, where many members of the overseas Taiwanese community raised money and launched a fundraising campaign to light up Times Square with advertisements to “Chip in with Taiwan,” promoting Taiwan’s participation, and advocating that we are “Better Together.” It touched the hearts of people around the world. The second was the tens of thousands of volunteers who, after the Fata’an Creek barrier lake disaster, slipped on their rain boots, shouldered their shovels, and traveled great distances to provide relief to help the affected residents of Hualien return to normal life as soon as possible.  These “superheroes with shovels” did more than dig out heavy mud and sludge to help disaster victims return home; these heroes also uncovered a light – a light of hope that warmed every heart it touched. More than that, they proved the remarkable resilience of the Taiwanese people and their resolve to protect our homeland in the face of crisis. Now, let us all thank these superheroes of disaster relief, who come from all walks of life and from all over the country, as well as friends from abroad and the military, police, firefighters, and central and local government personnel who devoted themselves to the relief effort. This spontaneous nationwide movement is absolutely unique in the world, and for that the world will remember: Taiwan, that small mountainous country, is truly compassionate, and truly great! Moving forward, I will continue to lead the country, hearts united, without fear of hardship or challenge, bravely, toward an even better tomorrow. Let’s keep going, Taiwan! Let’s keep going, Republic of China! Let’s keep going, Republic of China Taiwan! Thank you.

Source: Hong Kong Information Services

Chief Executive John Lee will lead a Hong Kong Special Administrative Region Government delegation to Shanghai tomorrow and attend the eighth China International Import Expo (CIIE), before returning to Hong Kong on Thursday.

​Mr Lee will attend the opening ceremony of the expo and the Hongqiao International Economic Forum on Wednesday, and will visit the Hong Kong exhibition area to show support for Hong Kong enterprises.

The delegation includes Secretary for Commerce & Economic Development Algernon Yau and Director of the Chief Executive’s Office Carol Yip.

Mr Lee noted that the CIIE attracts international attention and will feature participation from over 3,200 enterprises across more than 110 countries and regions in the Enterprise & Business Exhibition, offering vast business opportunities for Hong Kong enterprises.

​“Hong Kong has always actively participated in and supported the CIIE. In addition to senior government officials, over 350 Hong Kong enterprises from various industries are exhibiting at the expo this year.

“This record-high participation reflects that Hong Kong enterprises consider the expo the premier platform for tapping into the domestic market and showcasing Hong Kong brands and their innovative strengths.”

The Chief Executive will officiate at the Hong Kong – The Ideal Platform for Mainland Enterprises in Going Global Promotion Conference hosted by the Hong Kong SAR Government.

It will be the first large-scale publicity event on the Mainland organised by the newly-established Task Force on Supporting Mainland Enterprises in Going Global, bringing together cross-sector speakers to highlight the city’s strengths as an international platform for going global.

Mr Lee will also meet Shanghai leaders to deepen Hong Kong-Shanghai co-operation, and engage with people and representatives of Hong Kong enterprises there.

During his absence, Chief Secretary Chan Kwok-ki will be Acting Chief Executive.

Source: Hong Kong Information Services

The Hong Kong Special Administrative Region Government today welcomed the Asian Infrastructure Investment Bank’s (AIIB) plan to set up an office in Hong Kong to address its growing business needs and is committed to assisting the bank in further promoting the sustainable development of infrastructure in Asia.

Noting that the Chief Executive announced in his Policy Address that the AIIB will be actively invited to set up an office in Hong Kong, Secretary for Financial Services & the Treasury Christopher Hui said the Hong Kong SAR Government will actively meet the AIIB’s needs to render support for the establishment of the office.

As an AIIB member, Hong Kong, China is committed to assisting the bank in fully leveraging the city’s vibrant capital markets, world-class professional services, and diversified financial products to support the bank’s operations in project financing, bond issuance, and investment and financial management, among others, Mr Hui said.

Hong Kong, China will continue to capitalise on its unique advantages of connectivity with both the Mainland and the world under the “one country, two systems” principle, with a view to making an active contribution to the AIIB’s long-term development, he added.

The AIIB was established in January 2016, and Hong Kong, China has formally been a member since June 2017.

Source: Hong Kong Government special administrative region

Following is the speech by the Financial Secretary, Mr Paul Chan, at Hong Kong FinTech Week x StartmeupHK Festival 2025 today (November 3):
 
Distinguished guests, ladies and gentlemen,
 
I’m delighted to join you today, and I know we’re all looking forward to the fireside chat with the group CEOs of two of Hong Kong’s leading banks — a conversation that promises to be insightful and inspiring.

But before we begin, allow me to share some points about the Government’s policy vision in driving forward fintech development in Hong Kong. 
Regulators as enablers of innovation 
 
The second observation is that regulators can and should be enablers of innovation. In Hong Kong, our financial regulators have a dual mandate — prudent regulation and market development facilitation. 
Responsible and sustainable innovation
 
Third, responsibility and sustainability are vital in financial innovation — especially in areas like digital assets and AI. While we must encourage innovation, we must also ensure its real-world applicability, investor protection, and financial stability impact.
 
When it comes to regulating digital assets — whether digital asset trading platforms or stablecoins — we adhere to the principle of “same activity, same risk, same regulation”. In particular, our regulatory approach to stablecoins is clear: they are not intended for investment, but rather as a tool to facilitate cross-border transactions and real-world economic activity. That’s why, under our licensing regime, approvals will be granted only to applicants that demonstrate genuine use cases backed by sustainable and robust business model. 
Concluding remarks
 
Ladies and gentlemen, as we mark the 10th anniversary of Hong Kong FinTech Week and the StartmeupHK Festival, we’re celebrating a decade of impact, ambition and bold ideas.  
Thank you.

Source: Hong Kong Government special administrative region

     Following is the keynote speech by the Financial Secretary, Mr Paul Chan, at the Women Chief Executives Summit 2025 today (November 3):

Bonnie (Chief Executive Officer of the Hong Kong Exchanges and Clearing Limited (HKEX), Ms Bonnie Chan), Mary (Chief Executive Officer of the Hong Kong and Greater China & North Asia, Standard Chartered, Ms Mary Huen), Amy (Co-Head of Wealth Management Asia Pacific, Head and Chief Executive of UBS Hong Kong, Ms Amy Lo), distinguished women chief executives from around the world, ladies and gentlemen,
 
     Good morning. It is a true privilege to join you at the inaugural Women Chief Executives Summit, right here in Hong Kong.  

     A very warm welcome to each of you – nearly 200 C-suite leaders from across the globe. Your presence here speaks volumes about the growing leadership of women in business. 

     This first Summit arrives at the 30th anniversary of the Beijing Declaration – a bold, visionary agenda for advancing women’s empowerment. Three decades later, it continues to challenge us to ask: How far have we come? And what kind of future are we building?

     The theme of this Summit is a powerful and timely response, as we work together to build a future with greater inclusivity, driven by innovation and defined by impact. 

Inclusivity 

     No doubt, inclusivity is the bedrock of lasting progress.

     It is my firm belief that inclusivity is best manifested when people are judged by meritocracy, by their values, by content of their character, regardless of gender, race or background.  

     The journey of women in Hong Kong has been one of accelerating achievement. Women now make up more than half of our population and are transforming every arena of society.

     As highlighted in the recent KPMG report in collaboration with WCE and the Women’s Foundation, Hong Kong is making great strides in expanding gender leadership in finance. Since 2018, we’ve seen double-digit growth in female representation both in senior leadership roles and on corporate boards.  

     And I’m also pleased to note that according to the report, Hong Kong ranks top for societal acceptance of female leaders, and some 70 per cent of women feel encouraged to lead. And we are doing well in safety as well as in infrastructure for enabling work-life balance, too.

     Now, more than half of our solicitors and professional accountants are women – a leap from just 30 per cent two decades ago.

     On our campuses, nearly 60 per cent of students majoring in business and management are women. These are not just statistics – they are the future market-makers, fintech innovators, and next-generation CEOs. 

     Yet, the progress may be uneven. As your report shows, some industries are moving faster than others. I believe that the key to further improvement lies in providing equal opportunities and ample exposure for both men and women, allowing their potential to be fully unleashed and abilities properly recognised and appreciated. 

     That is the direction that the Government is taking. 

     Our “She Inspires” Mentorship Programme, launched earlier this year, is a good example. It aims at cultivating the next generation of women leaders. I am pleased to share that we have already matched over 80 aspiring female university students with some 50 of Hong Kong’s most accomplished women leaders.  

     I see many of the mentors here today – thank you for sharing your time, experience and wisdom so generously.  You are shaping the leaders of tomorrow. 

     And we are just getting started. As announced in the recent Policy Address, the programme will be expanded by 50 per cent next year, bringing the next cohort to 120 mentees.   

     But let us be clear: true inclusivity cannot be achieved by government alone. It demands a whole-of-society commitment.

     I’m encouraged by the progress we’re seeing. A notable example is the HKEX’s mandate to phase out single-gender boards. Today, nearly all listed companies in Hong Kong have at least one female board member. 

     But this should not be a matter of checking boxes. It must be a recognition that diversity is strength, instrumental to sound governance, innovation and resilience.

Resilience and creativity

     This brings us exactly to the second point – the value that women can add to an organisation. 

     The point I try to make is not to stereotype men or women.  They both bring a wealth of perspectives that are shaped by their respective social, cultural and professional backgrounds and experiences. It is the combination of such perspectives and experiences that will give organisations a more complete approach to problem-solving, enabling better management and performance.  

     Research consistently shows that organisations with diverse leadership, including women at the helm, are more agile, more empathetic, more creative and better equipped to achieve long-term success.  

     Each of you in this room is living proof. I’m sure in the ensuing discussions many of you will be able to tell how gender-diverse leadership makes a real impact. 

Closing: Lighting the way forward

     Ladies and gentlemen, as we gather here, I cannot better conclude than with a quote by Sheryl Sandberg, former COO of Facebook: “In the future, there will be no female leaders. There will just be leaders.” 

     On that note, I wish this Summit every success, and for all of you, the best of health and business. And by the way, please do mark your diary for December 7, LegCo Election. Thank you very much. 

Source: Hong Kong Government special administrative region

Source: Hong Kong Government special administrative region

The following is issued on behalf of the Office of The Ombudsman:

The Ombudsman, Mr Jack Chan, today (November 3) announced the completion of a full investigation into the mechanism regulating illegal bicycle parking caused by bicycle rental shops. 
The full investigation report has been uploaded to the website of the Office of The Ombudsman at www.o