Source: Director General David Cheng-Wei Wu met with PS for Roads and Regional Transportation Anna Watson MP
SED to attend International Summit on the Teaching Profession and Asia-Pacific Association for International Education Conference and Exhibition
On March 25 (Reykjavík time), Dr Choi will lead a delegation of Hong Kong principals and education experts to attend the International Summit on the Teaching Profession 2025 in Reykjavík, Iceland, to discuss the latest trends in global education development with education ministers from around the world. She will also visit local schools and meet education experts there.
On March 27 (Delhi time), she will depart for Delhi, India, and lead a delegation of representatives of the University Grants Committee (UGC) and UGC-funded universities to attend the Asia-Pacific Association for International Education 2025 Conference and Exhibition, during which she will deliver a speech on “Study in Hong Kong”. The Secretary-General of the UGC, Professor James Tang, will join part of the visit.
Dr Choi will conclude her visit on March 28 (Delhi time) and return to Hong Kong. During her absence, the Under Secretary for Education, Dr Sze Chun-fai, will be the Acting Secretary for Education.
Issued at HKT 11:00
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Small-scale Test Survey of 2026 Population Census
Source: Director General David Cheng-Wei Wu met with PS for Roads and Regional Transportation Anna Watson MP
Small-scale Test Survey of 2026 Population Census
Hong Kong will conduct population census in 2026. The purpose is to obtain up-to-date benchmark information on the demographic and socio-economic characteristics of the population of Hong Kong and on its geographical distribution. Such information is important to the Government for planning and policy formulation, and the private sector and academia for business and research purposes respectively.
A sample of some 9 000 quarters located in the Eastern District, Kwun Tong, Sham Shui Po and Tsuen Wan has been selected by the C&SD for the Small-scale Test Survey. Households in the selected quarters will be required to provide information on demographic and socio-economic characteristics. The C&SD will also invite households to provide opinions on the questionnaire design and the census operation.
Households selected for this Survey will receive a notification letter issued by the C&SD. They can follow the information provided in the notification letters to complete the questionnaires through the “Online Questionnaire System”, or call the Census Hotline 18 2026 to conduct telephone interviews. Census officers of this Department will also visit households not yet responded to conduct face-to-face interviews.
The C&SD reminded households that if they have not provided the C&SD with their contact information, the C&SD will not initiate call, send email or SMS to them. Each census officer will wear a vest uniform and carry a Government Identity Card / Enumerator Identity Card and a Certificate of Identity issued by the C&SD for verification. Households can call 18 2026 to check the identity of census officer.
This Survey is conducted under Part IIIA of the Census and Statistics Ordinance (Chapter 316). Information collected regarding individual persons and households will be kept in strict confidence.
For enquiries about the Survey, please call 18 2026.
Issued at HKT 10:00
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Leading Mainland supply chain and logistics service provider JD Logistics leverages Hong Kong’s status as multinational supply chain management centre to expand Hong Kong operation (with photos)
Source: Director General David Cheng-Wei Wu met with PS for Roads and Regional Transportation Anna Watson MP
Leading Mainland supply chain and logistics service provider JD Logistics leverages Hong Kong’s status as multinational supply chain management centre to expand Hong Kong operation
Associate Director-General of Investment Promotion at InvestHK Mr Charles Ng said, “The expansion of JD Logistics in Hong Kong reinforces the city’s status as an international supply chain management centre. We look forward to closer collaboration with them to enhance supply chain efficiency and inject new momentum into Hong Kong’s economic growth and innovation development.”
Since its service upgrade in Hong Kong, JD Logistics has opened four operations centres in Kwun Tong, Kwai Tsing, Sha Tin, and Yuen Long. To increase coverage on Hong Kong Island, a fifth operations centre has been established in Chai Wan, with an area of over 10 000 sq ft. Equipped with automated sorting equipment, the efficiency of the operations centre is expected to double.
The Director of Public Affairs at JD Logistics, Mr Lin Ruibin, said, “The opening of our new operations centre in Hong Kong is not only a commitment to the local market but also an essential step in enhancing supply chain efficiency. The centre is equipped with advanced logistics technologies and automation equipment to ensure rapid delivery and precise management of goods.”
He continued, “Last year, daily package deliveries increased 24-fold in Hong Kong and 14-fold in Macao, while the volume of cross-border packages between Mainland China and Hong Kong grew by 16 times, resulting in double-digit growth overall in our express delivery volume. This reflects the enormous business opportunities in the local market. With the rapid development of e-commerce, JD Logistics will further enhance its operational capacity in Hong Kong to provide customers both locally and across Asia with more convenient logistics solutions.”
He added, “JD Logistics has been strategically positioned in Hong Kong for years, recognising Hong Kong’s strong purchasing power and its importance as a key node in the Greater Bay Area. Since starting operations in Hong Kong a year ago, we have hired over 450 local employees and will continue to recruit more to meet business needs in the future.”
For more information about JD Logistics, please visit www.jdl.com/en
To get a copy of the photo, please visit www.flickr.com/photos/investhk/albums/72177720324566538Issued at HKT 10:00
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Emergency repair works on sewer at Seaview Promenade, Deep Water Bay
Source:
A spokesman for the Drainage Services Department (DSD) said today (March 24) that the DSD received a report on sewer leakage at Seaview Promenade, Deep Water Bay, in the evening yesterday (March 23). An investigation was immediately conducted and it was confirmed that the concerned sewer is a 450 millimetres diameter pressurised sewage main. The DSD is carrying out emergency repair works. The quality of the nearby waters will potentially be affected. Members of the public are advised not to swim at Deep Water Bay Beach and Repulse Bay Beach or the nearby waters to protect public health.
The DSD commenced the construction and rehabilitation of sewage rising mains in Southern District in January this year, to construct about 8.8 kilometres of sewage rising mains connecting the sewage pumping station at Island Road, Southern District, to the sewerage system at Ap Lei Chau Bridge Road, including the construction of about 1.5km subsea twin pressurised sewer to replace the above concerned pressurised sewage main, to enhance the overall stability of the sewage system.
More than 400 volunteers take part in Green Recycling Day activities in support of Hong Kong Flower Show (with photos)
Source:
More than 400 volunteers take part in Green Recycling Day activities in support of Hong Kong Flower Show
More than 400 volunteers, in support of the Hong Kong Flower Show, assisted in separating and collecting reusable and recyclable materials at the showground for waste reduction today. These volunteers came from the Hong Kong Jockey Club, corporates, local organisations and the Home and Youth Affairs Bureau’s youth network Youth Link. There were also LCSD staff volunteers, as well as those recruited under the department’s Green Volunteer Scheme.
In addition, around 3 500 pots of flowers in good condition and suitable for replanting were distributed to the public at the park’s Sugar Street entrance today.
Some flowers suitable for replanting were also distributed to schools, environmental groups and non-governmental organisations via the “Give the Flowers a New Home!” Jockey Club Flower Replanting Scheme to encourage greening in the community. This year, over 10 000 potted plants were distributed to more than 80 organisations.
Meanwhile, some landscape displays will be relocated to designated parks in the 18 districts, enabling members of the public to appreciate the gorgeous landscape designs, as well as boosting the colour of the parks.
As in previous years, the LCSD has implemented various green measures at different stages of the flower show, encouraging all stakeholders including exhibitors, contractors, volunteers and members of the public to apply the 3R principles, namely “Reduce, Reuse and Recycle”.
During the preparation phase, stakeholders were provided with guidelines on waste reduction. Exhibitors were encouraged to use recyclable or reusable materials in their display designs. While cleaning up the exhibits, they were reminded to collect reusable materials and separate the leftover materials properly before delivering them to recycling spots set up at the showground.
During the show period, visitors were encouraged to bring their own water bottles and reusable shopping bags. QR codes were displayed at the showground for visitors to download the location map and information on the theme flower, landscape displays and more. A free tableware rental service was also provided to reduce the use of disposable plastic tableware, as part of the effort to reduce waste. Recyclables collection points were also set up to facilitate the collection of carton boxes, plastic flower pots and other plastics, soil, metals, wooden planks and more. Collection points for wilted flowers were also available for collecting so that they can be delivered to the Animal Waste Composting Plant in Ngau Tam Mei to be recycled into useful organic compost.
The LCSD hopes to gather community power through implementing various green measures to achieve the goal of a “Green Flower Show for All”.
Issued at HKT 17:00
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Survey results of 2024 Annual Earnings and Hours Survey released
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Survey results of 2024 Annual Earnings and Hours Survey released
According to the statistics released today (March 24) by the Census and Statistics Department (C&SD), the median monthly wage of employees in Hong Kong in May – June 2024 was $20,500. This was 3.6% higher than the median of $19,800 in May – June 2023.
The change in monthly wage in 2024 when compared with 2023 is useful in reflecting the change in take-home pay of employees between these two years.
In May – June 2024, the 10th, 25th, 75th and 90th percentile monthly wages of Hong Kong employees were $10,700, $14,800, $32,000 and $50,000 respectively. They were 3.1%, 3.6%, 2.8% and 3.1% higher than the corresponding figures in May – June 2023 respectively (Table 1).
As shown in Table 2, increase in median monthly wage was observed for both male and female employees and for all age groups, educational attainments, occupational groups and industry sections.
Hourly wage
The median hourly wage of employees in Hong Kong in May – June 2024 was $82.9, 3.5% higher than the median of $80.1 in May – June 2023. The 5th, 10th, 25th, 75th and 90th percentile hourly wages were $46.1, $49.3, $59.2, $131.5 and $209.3 respectively. The overall hourly wage distribution of employees is shown in Table 3. The number of employees analysed by selected hourly wage level is shown in Table 4.
In May – June 2024, the median hourly wage of male employees was $93.3 while that of female employees was $73.2. Analysed by age group, the median hourly wage of employees at age 35 – 44 was the highest ($97.2), followed by employees at age 25 – 34 ($86.7) and at age 45 – 54 ($83.9). The median hourly wages of employees of different sexes, age groups, educational attainments, occupational groups and industry sections are given in Table 5.
Further information
The above wage statistics were compiled based on the data obtained from the 2024 Annual Earnings and Hours Survey (AEHS). The purpose of the survey is to provide comprehensive data on the level and distribution of wages, employment details and demographic profile of employees in Hong Kong. These statistics are useful for studies on labour-related topics by the private sector and the Government. They also provide important inputs for analyses related to the Statutory Minimum Wage. A sample of about 10 000 business undertakings was selected for the survey.
Wage(s) is defined to include basic wage, commission and tips not of gratuitous nature, guaranteed bonuses and allowances, and overtime allowance paid to an employee in the survey period. It does not cover bonuses and allowances of gratuitous nature, end of year payment and payments in kind. Number of working hours is the sum of contractual/agreed working hours (including meal breaks if they are regarded as working hours according to the employment contract or agreement with the employer) and overtime hours worked at the direction of employers.
By arranging the hourly wages of all employees from the smallest to the largest value, the median hourly wage is the hourly wage of the employee who ranks in the middle of all the employees concerned. In other words, the median hourly wage is the hourly wage value that delineates the lowest 50% of all the employees concerned.
Percentile hourly wage figures are useful in discerning the distribution of hourly wage of employees. The pth percentile hourly wage is the hourly wage value which delineates the lowest p% of all the employees concerned, where p can be any integer value from 1 to 99. For instance, the 10th percentile hourly wage is the hourly wage value that delineates the lowest 10% of the employees. The 25th percentile, 50th percentile and 75th percentile hourly wages are also known as the lower quartile, median and upper quartile hourly wages respectively.
The median and percentile monthly wage figures are derived similarly as the median and percentile hourly wage figures.
Regarding the survey coverage, the AEHS covers all business undertakings irrespective of their employment sizes and industries, except those engaged in agriculture, forestry and fishing activities. All employees of business undertakings falling within the scope of the survey who are under the coverage of the Minimum Wage Ordinance (MWO) are included in the survey. Government employees as well as student interns, work experience students and live-in domestic workers as exempted by the MWO are excluded. As it is necessary to derive the hourly wage of employees from their monthly wages and hours of work, those employees with zero working hours in the survey reference period are also excluded.
Details of the wage statistics compiled from the 2024 AEHS and the survey methodology are given in the 2024 Report on Annual Earnings and Hours Survey. Users can browse and download the publication at the website of the C&SD (www.censtatd.gov.hk/en/EIndexbySubject.html?pcode=B1050014&scode=210
Enquiries concerning the survey results of the AEHS can be directed to the Wages and Labour Costs Statistics Section (2) of the C&SD at 3105 2369.
Issued at HKT 16:30
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Inspection of aquatic products imported from Japan
Source:
In response to the Japanese Government’s plan to discharge nuclear-contaminated water at the Fukushima Nuclear Power Station, the Director of Food and Environmental Hygiene issued a Food Safety Order which prohibits all aquatic products, sea salt and seaweeds originating from the 10 metropolis/prefectures, namely Tokyo, Fukushima, Ibaraki, Miyagi, Chiba, Gunma, Tochigi, Niigata, Nagano and Saitama, from being imported into and supplied in Hong Kong.
For other Japanese aquatic products, sea salt and seaweeds that are not prohibited from being imported into Hong Kong, the Centre for Food Safety (CFS) of the Food and Environmental Hygiene Department is conducting comprehensive radiological tests to verify that the radiation levels of these products do not exceed the guideline levels before they are allowed to be supplied in the market.
As the discharge of nuclear-contaminated water is unprecedented and will continue for 30 years or more, the Government will closely monitor the situation and continue to implement the enhanced testing arrangements. Should anomalies be detected, the Government does not preclude further tightening the scope of the import ban.
From noon on March 21 to noon today (March 24), the CFS conducted tests on the radiological levels of 343 food samples imported from Japan, which were of the “aquatic and related products, seaweeds and sea salt” category, in the past three days (including last Saturday and Sunday). No sample was found to have exceeded the safety limit. Details can be found on the CFS’s thematic website titled “Control Measures on Foods Imported from Japan” (www.cfs.gov.hk/english/programme/programme_rafs/programme_rafs_fc_01_30_Nuclear_Event_and_Food_Safety.html).
In parallel, the Agriculture, Fisheries and Conservation Department (AFCD) has also tested 150 samples of local catch for radiological levels. All the samples passed the tests. Details can be found on the AFCD’s website (www.afcd.gov.hk/english/fisheries/Radiological_testing/Radiological_Test.html).
The Hong Kong Observatory (HKO) has also enhanced the environmental monitoring of the local waters. No anomaly has been detected so far. For details, please refer to the HKO’s website
(www.hko.gov.hk/en/radiation/monitoring/seawater.html).
From August 24, 2023, to noon today, the CFS and the AFCD have conducted tests on the radiological levels of 124 315 samples of food imported from Japan (including 81 677 samples of aquatic and related products, seaweeds and sea salt) and 28 728 samples of local catch respectively. All the samples passed the tests.
EPD convictions in February
Source:
EPD convictions in February
Two of the convictions were under the Air Pollution Control Ordinance, six were under the Environmental Impact Assessment Ordinance, seven were under the Noise Control Ordinance, nine were under the Public Cleansing and Prevention of Nuisances Regulation, eight were under the Product Eco-responsibility Ordinance, 16 were under the Waste Disposal Ordinance.
The heaviest fines in February were $20,000 for an offence assessed against a company that caused another person to import controlled waste without a permit; and another fine of $20,000 assessed against a company that imported controlled waste without a permit.
Issued at HKT 15:00
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14 building plans approved in January
Source:
14 building plans approved in January
Of the approved plans, eight were for apartment and apartment/commercial developments, two were for commercial developments, one was for factory and industrial development, and three were for community services developments.
In the same month, consent was given for works to start on five building projects which, when completed, will provide 25 433 square metres of gross floor area for domestic use involving 26 units, and 206 432 sq m of gross floor area for non-domestic use. The department has received notification of commencement of superstructure works for three building projects.
The department also issued 16 occupation permits, with four on Hong Kong Island, five in Kowloon and seven in the New Territories.
Of the buildings certified for occupation, the gross floor area for domestic use was 85 225 sq m involving 1 886 units, and 23 398 sq m was for non-domestic use.
The declared cost of new buildings completed in January totalled about $8.1 billion.
In addition, six demolition consents were issued.
The department received 2 551 reports about unauthorised building works (UBWs) in January and issued 422 removal orders on UBWs.
The full version of the Monthly Digest for January can be viewed on the Buildings Department’s homepage (www.bd.gov.hkIssued at HKT 15:00
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Speech by FS at Milken Institute Global Investors’ Symposium Hong Kong (English only) (with photos/video)
Source:
Following is the speech by the Financial Secretary, Mr Paul Chan, at the Milken Institute Global Investors’ Symposium Hong Kong today (March 24):
Laura (Executive Vice President of Milken Institute International, Ms Laura Deal Lacey), Robin (Chair of Asia, Milken Institute, Mr Robin Hu), distinguished guests, ladies and gentlemen,
Good afternoon. I am delighted to join you once again for the Milken Institute Global Investors’ Symposium. Allow me first to express my sincere appreciation to the Milken Institute for bringing this exceptional platform back to Hong Kong for its second edition.
Today, we welcome over 400 senior executives from a diverse array of industries and markets worldwide. The theme for the Symposium this year, “Connecting Global Markets: Partnerships for Resilience”, is particularly timely. In today’s complex global landscape, brimming with challenges and uncertainties, it is clear that we can build resilience and achieve mutual growth only by strengthening connections, forming partnerships and enhancing collaboration. And Hong Kong, as an international financial centre, is uniquely positioned to catalyse this endeavour.
Hong Kong: a resilient city
To begin with, allow me to share with you the remarkable resilience of Hong Kong’s economy and financial markets.
Over the past year, despite external headwinds, Hong Kong’s economy continued to grow steadily, expanding by 2.5 per cent. Inflation remained low at 1.1 per cent. The latest unemployment rate is at 3.2 per cent.
International confidence in our financial markets has evidently strengthened. Last year, bank deposits in Hong Kong rose by 7 per cent, i.e. about US$140 billion. Driven by investments by institutional investors seeking to rebalance their investment portfolio, as well as market enthusiasm ignited by recent tech breakthroughs led by DeepSeek and others, the Hang Seng Index has surged some 20 per cent within a span of three months. This was on top of the increase of 18 per cent in 2024. The average daily turnover of our stock market rose to over US$28 billion in the first two months of this year, a remarkable 70 per cent increase from that of last year.
Our IPO (initial public offerings) market also made a comeback, raising some US$11 billion last year and ranking fourth globally. Now, more than 100 companies are in the pipeline for listing. This year, we are expecting to raise some US$17 to $20 billion.
Just last week, Hong Kong again ranked third in the Global Financial Centres Index, with overall scores catching up to that of the champion New York. In particular, we ranked first globally in “investment management”, “insurance” and “finance”. In fintech, we leapt by five places to fourth in the world.
Besides, Hong Kong was once again ranked as the freest economy in the world, and the fifth most competitive economy. We stay firm as a free port, open to business, and committed to supporting the rules-based multilateral trading system.
Last year, the number of regional headquarters, regional offices and local offices operated by Mainland and overseas companies rose by nearly 10 per cent, reaching an all-time high to around 10 000.
2024 was also a great year for inbound tourism, with visitor arrivals rebounded to 45 million, rising by 30 per cent year-on-year. The surge of visitors highlighted Hong Kong’s charm as a top-notch business and tourism destination.
Beyond numbers, Hong Kong remains an open, vibrant and diverse city. This month marks our “Super March” – with an impressive array of world-class events: from the artistic vibrancy of Art Basel and the spectacular LIV Golf, to the electrifying Hong Kong Sevens and the innovation-driven ComplexCon. Alongside these events, we have global business gatherings such as the Wealth for Good Summit and, of course, this Symposium. These events celebrate and showcase Hong Kong as an international meeting point for finance, culture, sports, creativity and fun! I hope you all can stay a bit longer – until this Sunday – to enjoy these happenings.
Overall, the Hong Kong economy is marching forward steadily with renewed momentum. Let me tell you why.
New Frontiers in Finance
First, we are implementing reforms to strengthen the vitality and competitiveness of our financial markets. Fund-raising is an important function of any IFC (international financial centre), and Hong Kong offers a full range of funding options, from angel investment to private equity to IPOs. We continue to review our listing regime, enhance product offerings and attract more quality issuers and new capital. The goal is clear: to create a more dynamic and attractive capital market that provides diversified opportunities for investors.
Another key area is asset and wealth management. Hong Kong remains one of the world’s prime wealth management centres, managing approximately US$4 trillion in assets. The number of family offices in our city has gone beyond 2 700, with half of them managing assets exceeding US$50 million. By 2028, Hong Kong is anticipated to become the world’s largest cross-boundary wealth management centre. This year, we seek to further enhance the tax concessions for funds and single family offices.
And insurance, too. Hong Kong has the highest insurance density in Asia. The gross premiums of insurers continue to grow, rising by 12 per cent and reaching US$62 billion in the first three quarters last year. What’s more, the Greater Bay Area offers tremendous business opportunities for insurers operating in Hong Kong.
New Markets and New Capital
Second, we are also opening up new markets and new capital channels. Many economies in the Global South have young populations, expanding middle classes and growing investment needs for ambitious infrastructure projects, digitalisation and green transition plans. While Hong Kong continues to treasure and reinforce the relationship with traditional partners in Europe and the Americas, we are forging closer partnerships with emerging economies.
For example, last October we listed two ETFs (exchange-traded funds) tracking Hong Kong stocks on the Saudi Arabia Stock Exchange. We are collaborating with stock exchanges across ASEAN (Association of Southeast Asian Nations) and the Gulf Region to encourage more quality companies to pursue dual primary or secondary listing in this city.
We believe there is also room to work with emerging economies on more cross-boundary, market connectivity arrangements akin to the Connect Schemes that we have established with the Mainland.
The collaboration between Hong Kong and new markets extends well beyond finance. The tech prowess of Hong Kong and the GBA (Guangdong-Hong Kong-Macao Greater Bay Area) as a whole as well as startups are highly valued around the world. We endeavour to connect them with partners in the emerging economies to foster industry partnership.
To support the matching of capital and projects, we will host the inaugural Hong Kong Global Financial and Industry Summit in June. The event will bring together hundreds of global enterprises, tech firms and funds to drive industrial collaboration through financial empowerment.
And we are strategically placed to help Mainland companies go global. Many Mainland enterprises are realigning their industrial and supply chains across the Global South. They need project and trade financing, corporate treasury services as well as professional consultancy. Hong Kong is ready to offer all that – from global capital and talent, world-class professional services to extensive international connections.
Tech innovation driven by AI (artificial intelligence)
The third of our new economic impetus is innovation and technology, driven by AI in particular.
The rapid development of AI is reshaping the global economic landscape. AI+, which emphasises the deep integration of AI across different industries, is transforming traditional production, businesses and consumption models, very much redefining the core competitiveness of economies worldwide.
In the Government’s Budget delivered a few weeks ago, I outlined the vision for Hong Kong to establish AI as a core industry and to empower the transformation of traditional sectors. Hong Kong has all it takes to thrive on this front.
A unique advantage of Hong Kong is that we serve as a convergence point of both Mainland and international data and talent. Coupled with strong research capabilities of five of our world’s leading universities, we have a strong foundation for cutting-edge AI research and applications. A case in point is the area of life science, where the integration of AI is particularly promising, as it enhances drug design, accelerates clinical trials, and improves patient outcomes through personalised medicine.
Hong Kong’s ambitions for innovation and technology are more hopeful with our deepening collaboration with the sister’s cities in the GBA, one of the world’s leading innovation ecosystems. The Northern Metropolis, bordering Shenzhen, will serve as the bridgehead for this collaboration. Home to a 300-hectare I&T cluster, it covers the “Loop”, or “Hetao”, where we will experiment with innovative policies that facilitate the safe and orderly flow of people, capital, goods, data and even bio samples with Shenzhen.
To realise these ambitions, we are actively attracting strategic enterprises in four industries to set foot in Hong Kong. They are AI and data science, life and health technology, fintech, advanced manufacturing and new energy. So far we have attracted more than 80 such enterprises, and together they would invest some US$60 billion in our city, creating some 20 000 jobs.
We also recognise the importance of patient capital. That is why we have established the Hong Kong Investment Corporation (HKIC), which actively guides strategic investments into companies in key sectors at their nascent stage. The HKIC has already invested in more than 90 projects and formed a number of strategic partnerships. For every dollar it invested, it has mobilised four dollars of private capital. Riding on this positive momentum, we are optimistic that Hong Kong will be able to achieve more advancements in the realms of innovation and technology.
Concluding remarks
Ladies and gentlemen, Hong Kong remains one of the world’s most open, dynamic and globally connected financial centres. Our strong fundamentals, resilient economy, unique role as a gateway to the Chinese Mainland and Asia, as well as our great stride to develop financial services and the tech sector, continue to provide unparalleled opportunities for global investors.
May I wish you all the best of business and health in the years to come. Thank you.