Source: Hong Kong Government special administrative region
SCED attends Asia-Pacific Telecommunity Ministerial Meeting in Japan
Speaking at a discussion session, Mr Yau shared with participating ministers Hong Kong’s latest efforts in building sustainable and accessible information and communications technology infrastructure, as well as its commitment to a more inclusive and resilient digital future.
Mr Yau said that since the full liberalisation of its telecommunications market in 2003, Hong Kong’s telecommunications sector has become one of the most advanced, open, and dynamic markets globally. Hong Kong leads the world in mobile voice affordability, ranks second globally in mobile broadband affordability and seventh in fixed broadband affordability. Hong Kong’s 5G availability also ranks first in the Asia-Pacific region.
Mr Yau highlighted that Hong Kong’s robust infrastructure provides a strong foundation for sustainable telecommunications development, including future 6G deployment and other cutting-edge services. The 6G Global Summit held in Hong Kong earlier this month, first held in the Asia-Pacific region, also fostered ideas and rallied regional support for 6G development.
Turning to innovation and technology (I&T), Mr Yau said that Hong Kong promulgated the Hong Kong I&T Development Blueprint in 2022, setting out clear development directions and major strategies including accelerating the development of new digital infrastructure.
He added that artificial intelligence opens up vast new opportunities for global economic development and scientific research. Hong Kong has been pursuing an all-round strategy to develop the AI ecosystem on various fronts, such as the launch of the AI Supercomputing Centre by Cyberport to meet the strong local demand for high-performance computing power.
Mr Yau said that Hong Kong will continue to work hand in hand with fellow members and stakeholders to advance sustainable infrastructure and promote eco-friendly information and communications technology for a connected future.
In addition to attending the APT meeting, Mr Yau also took the opportunity to meet with Japanese political and business leaders during his stay in Tokyo. Mr Yau today paid a courtesy call on the Chairman of the Japan-Hong Kong Parliamentarian League, Ms Jimi Hanako, a Member of the House of Councillors, to give her an update on Hong Kong’s latest economic and trade developments.
Upon arrival yesterday (May 29), Mr Yau paid a courtesy call on the State Minister for Foreign Affairs of Japan, Mr Miyaji Takuma. Recognising the close bilateral relations between the two places, Mr Yau updated him on the robust economic developments in Hong Kong on various fronts under the “one country, two systems” principle, and solicited Japan’s support for Hong Kong’s early accession to the Regional Comprehensive Economic Partnership. Mr Yau also met with representatives of Keizai Doyukai (Japan Association of Corporate Executives) to promote Hong Kong’s business advantages and investment opportunities.
Mr Yau will return to Hong Kong tomorrow (May 31) after the APT Ministerial Meeting concludes.
Issued at HKT 17:30
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Monetary Statistics for April 2025
Source: Hong Kong Government special administrative region
The following is issued on behalf of the Hong Kong Monetary Authority:
According to statistics published today (May 30) by the Hong Kong Monetary Authority, total deposits with authorized institutions increased by 0.6 per cent in April 2025. Among the total, Hong Kong dollar deposits decreased by 0.7 per cent, while foreign currency deposits increased by 1.6 per cent in April, mainly reflecting fund flows of corporates. In the year to end-April, total deposits and Hong Kong dollar deposits increased by 4.1 per cent and 4.4 per cent respectively. Renminbi deposits in Hong Kong increased by 7.4 per cent in April to RMB1,030.9 billion at the end of April, mainly reflecting fund flows of corporates. The total remittance of renminbi for cross-border trade settlement amounted to RMB1,362.1 billion in April, compared with RMB1,184.0 billion in March. It should be noted that changes in deposits are affected by a wide range of factors, such as interest rate movements and fund-raising activities. It is therefore more appropriate to observe the longer-term trends, and not to over-generalise fluctuations in a single month.
Total loans and advances decreased by 0.2 per cent in April, while increased by 0.5 per cent in the year to end-April. Among the total, loans for use in Hong Kong (including trade finance) and loans for use outside Hong Kong decreased by 0.1 per cent and 0.3 per cent respectively in April. The Hong Kong dollar loan-to-deposit ratio remained virtually unchanged at 72.3 per cent at the end of April, as Hong Kong dollar loans and Hong Kong dollar deposits decreased at a similar pace.
Hong Kong dollar M2 and M3 both decreased by 0.6 per cent in April, while increased by 6.5 per cent and 6.6 per cent respectively when compared to a year ago. The seasonally-adjusted Hong Kong dollar M1 decreased by 1.0 per cent in April, while increased by 5.5 per cent compared to a year ago, reflecting in part investment-related activities. Total M2 and total M3 both increased by 0.7 per cent in April. Compared to a year earlier, total M2 and total M3 both increased by 9.3 per cent.
As monthly monetary statistics are subject to volatilities due to a wide range of transient factors, such as seasonal funding demand as well as business and investment-related activities, caution is required when interpreting the statistics.
CHP announces two new melioidosis cases
Source: Hong Kong Government special administrative region
CHP announces two new melioidosis cases
So far, seven melioidosis cases have been recorded in Hong Kong this year. In 2024, 23 melioidosis cases were recorded.
According to literature, melioidosis cases are more common after typhoons or rainstorms. The bacterium Burkholderia pseudomallei in soil and muddy water may become exposed to the ground after typhoons or rainstorms, and the bacteria could spread more easily with strong winds or rainstorms. As such, the number of melioidosis cases may increase. The CHP appealed to members of the public to seek medical advice if they develop symptoms, in particular people with diabetes or other immunocompromising conditions, in order to receive an appropriate medical diagnosis and treatment. For more information on melioidosis, please visit the website of the CHP at www.chp.gov.hk/en/healthtopics/content/24/101110.htmlIssued at HKT 16:30
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SFST’s speech at “Hong Kong Night” business networking reception and seminar in Vancouver, Canada (English only) (with photo)
Source: Hong Kong Government special administrative region
SFST’s speech at “Hong Kong Night” business networking reception and seminar in Vancouver, Canada (English only) (with photo)
Distinguished guests, industry leaders and innovators, friends in Canada and from around the world,
Good evening, everyone. Thanks for having me today for this very special occasion, called “Hong Kong Night”. I must say I always wonder why we have “Hong Kong night” in broad daylight. I suppose it could be a distinctive feature of this city which everybody loves. Just now, our colleague from Cathay Pacific mentioned to me that there will be a draw right after for tickets so I’m sure that explains why you are all here.
Let me give you some flavour in terms of how Hong Kong has been faring, and also at the same time some talking points that you may want to share after this session. I want to give you an overview in terms of how Hong Kong has done so far in financial services under my portfolio, and also in particular the reason why I’m here in Vancouver because this is my last stop, after Toronto and also Ottawa. Through this visit, I had the opportunity to see many people at the government, regulators and also financial institutions. What I am impressed most is that it’s really a place where people are looking for a change. You already have a new government. At the same time, you are looking for ways to diversify, in terms of your economy, and also in terms of financial activities. So I think Hong Kong comes at the right time, where it’s a very viable option, either you are a corporate, an individual, or even an investor, to consider that in the context of diversification.
Before I further proceed, maybe first of all, let me give you an overview of how Hong Kong’s been faring so far. I’ve been asked a lot in terms of the impact of tariffs on Hong Kong. I understand that there will be a fireside chat by Rocky (the Director and Head of Policy Research of the Financial Services Development Council, Dr Rocky Tung) later on, and I’ll leave that to the experts. But that said, Hong Kong being a service economy, I must say we don’t have much to export. At the same time, we are a free economy as stipulated in our Basic Law. So far so good in terms of our resilience, I would say, in the broader context of geopolitical change.
More specifically, in our capital market, recently we do see an upsurge in our stock market. Right now, our average daily turnover is exceeding US$32 billion, and also we’ve welcomed a number of key mega IPOs (initial public offerings), like the recent one is CATL (Contemporary Amperex Technology Co Limited). It’s a major or global battery manufacturer for EVs (electric vehicles), and they just got listed at the same time, offering a shares equivalent to the size of around HK$41 billion. And funny enough, when you look at the composition of the investors, we have those from the US. At the same time, we also have investors from the Middle East, where the Kuwait Sovereign Wealth Fund, what we call the KIA, Kuwait Investment Authority, actually put in US$500 million in that offer. So you can see that despite all the talk about the deglobalisation or decoupling, finance, in particular, capital formation takes place, and also monies after returns.
Of course, that is not alone in terms of what we are welcoming. We also welcome Canadian companies to list in Hong Kong as well. Right now, we have around six Canadian companies already listed in Hong Kong, like Manulife and also some of the mining and oil and gas companies. I do very much welcome many more listings, especially from this part of the world, where it could be tech, could be mining, or for other types of new economic activities.
The second part I want to highlight, apart from how Hong Kong has been faring, is in terms of my observations so far this year, so far in my visit. Apart from the general ones that I just highlighted, I do see a number of areas that Hong Kong and Canada can work together. First of all, wealth management, because I got the chance to see and meet a number of insurance companies and banks from this part of the world. In fact, many of them are heavily invested and also have a strong presence in Hong Kong, like Manulife, which takes up 27 per cent of our Mandatory Provident Fund, a pension service system in Hong Kong. And also Sun Life, which is in collaboration with Dah Sing Bank in Hong Kong through the bank insurance businesses. Also we have CIBC (Canadian Imperial Bank of Commerce) and others that already have a strong presence in corporate banking in Hong Kong.
Many people see wealth management as an emerging trend, an area where we should work together. Because in the way that we see the world, like all of you, people are looking for ways to diversify. Many of the traditional markets where people want to park their wealth in the Anglo-Saxon world, people are still changing their minds in terms of whether they should diversify through geography or through products. In either way, Hong Kong is an option, because we have been the largest offshore cross-boundary wealth management centre so far in Asia, and we are looking to be the biggest one in the world. It is an area that we are very keen to develop further. Right now, we have 2 700 single family offices. We are going to have facilitated at least 200 more family offices by the end of this year. Also, we are going to have more tax concessions for family offices to cover private credit, carbon credit, and virtual assets. I will leave these details to our Invest Hong Kong colleagues. They will have all the details. All I want to say is wealth management, in particular in terms of family offices and high-net-worth individuals, is an area that I think Hong Kong can walk closely together with this country.
The second area that I think is important to note in terms of collaboration is about what the host mentioned just now – the Web Summit Vancouver. The reason that I’m here is because we just passed a law to regulate stablecoin issues in Hong Kong. It is a big topic, not just in Hong Kong, but regionally, because many people see virtual assets as speculative. But that said, stablecoins being underpinned by fiat currency is a different animal, which potentially can be used in the form of payment. At a time when the US dollar or US-related assets are being questioned, I think many of the alternatives, also at the same time, in the form of stablecoins, have that role to play.
In that regard, I have more to share in terms of our ecosystem effort to build an ecosystem in Hong Kong for our virtual assets. We have already 10 virtual asset exchanges, and also at the same time, we are going to issue licenses for stablecoin issuers. And very soon, we will also regulate these virtual asset custodians. For anyone of you who are participating, in this space, I do urge you to look at what Hong Kong has done and also at the same time how you can leverage the opportunities for your own development.
Last but not least, in terms of what I want to inform this group is having debriefed all of you about what Hong Kong has done in terms of wealth management and virtual assets and also fintech in general, I’m sure that you do see a lot of need to come to Hong Kong. So even though you may not be able to get those free tickets, I’m sure you’re all rich enough to buy your own and also give yourself a reason to come to Hong Kong soon. And anytime, anywhere, you’re most welcome. Thank you.
Issued at HKT 16:49
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Appointments to Advisory Committee on Agriculture and Fisheries
Source: Hong Kong Government special administrative region
Appointments to Advisory Committee on Agriculture and FisheriesMr Anthony Lam Sai-hoMs Cheuk Fung-ting
Ms Katie Chick Hiu-lai
Mr Chu Kam-ming
Mr Chung Ka-yau
Mr Fung Kin-chung
Ms Tendy Lam Pui-tung
Mr John Lau Hon-kit
Ms Lau Kam-fung
Dr Lau Kin-wai
Mr Noah Law Yiu-wing
Ms Lee Man-sa
Mr Leung Ming-kin
Mr Ling Man-sum
Mr James Ling Wai-hon
Ms Merlinda Ng Man-ling
Mr Poon Cheuk-man
Dr Yan Wa-tat
Professor Yen Hui-ling
Legislative Council Member representing the Agriculture and Fisheries Constituency (Ex-officio Member)
Representative of the Environment and Ecology Bureau
Representative of the Agriculture, Fisheries and Conservation Department
Issued at HKT 15:45
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Arrangements for admission of professionals of specified skilled trades announced
Source: Hong Kong Government special administrative region
Arrangements for admission of professionals of specified skilled trades announced
The Technical Professional List covers eight specified skilled trades, namely new industrialisation technicians, nurses, aircraft maintenance technicians, marine services technicians (for local vessels), information technology technicians, lift/escalator technicians, building information modeling coordinators and electrical technicians. Applicants are to meet the requirements on qualifications, work experience, professional skills (e.g. registration or license to practice), etc, of the specific skilled trade as listed on the List. In addition, according to the prevailing requirements under the GEP and the ASMTP, the relevant professionals are required to have secured an employment offer from a local enterprise before application, and the remuneration package should be commensurate with the market level for similar jobs.
Depending on the skilled trade and the applicant’s qualifications, the first entry visa will be valid for 24 or 36 months. When applying for visa renewal, a technical professional must continue to be employed in the same skilled trade in Hong Kong. If his/her visa renewal application is approved, an extension of stay of not more than 36 months, or in accordance with the validity period of his/her employment contract (whichever is shorter), may be granted.
A Government spokesperson said, “According to the 2023 Manpower Projection published last year, Hong Kong is expected to face an overall manpower shortage of 180 000 by 2028, over one-third of which will be skilled technical workers. As such, the 2024 Policy Address announced that a new channel would be introduced to attract young and experienced non-degree professionals to join skilled trades facing acute manpower shortage. The Technical Professional List was compiled by relevant bureaux and departments after careful consideration and in consultation with stakeholders of various industries and sectors. The eight skilled trades identified are all critical to sustaining Hong Kong’s city operation, facing acute manpower shortage at least in the next five years, and in need of manpower that cannot be replenished by local training in good time.”
“The new channel targets mid-level qualified and experienced non-degree technical professionals of specified trades and attracts them to settle in Hong Kong in the long run. This is distinct from and does not overlap with the existing Enhanced Supplementary Labour Scheme and sector-specific labour importation schemes. The new arrangement will be on a pilot basis for three years, subject to a review after the first year. Meanwhile, the Government will continue its commitment to training for local workers,” the spokesman added.
Under the employment-tied GEP and the ASMTP, employers may apply to employ outside talent, normally with a bachelor’s degree or higher qualifications, to fill job vacancies that could not be readily taken up by locals. For vacancies falling under the professions in the Talent List, the enterprises are not required to conduct a market availability test to prove difficulties in local recruitment before making applications. Employers submitting applications in future through the new technical professional stream under the two schemes will also enjoy such exemption from conducting a market availability test.
Details of the skilled trades of the Technical Professional List, the respective description of tasks and qualification requirements have been uploaded to the website of the Immigration Department (ImmD) (www.immd.gov.hk/eng/services/visas/TPStream.htmlIssued at HKT 15:45
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Leasing arrangements announced for public market stalls in June
Source: Hong Kong Government special administrative region
(1) Open auctions—————————————————————————-
Auction date: June 6 (Friday) (pm)
Number of stalls: 106—————————————————————————-
Auction date: June 9 (Monday) (am)
Number of stalls: 125——————-
Auction date: June 9 (Monday) (pm)
Number of stalls: 19—————————————–
Auction date: June 10 (Tuesday) (am)
Number of stalls: 68—————–
Auction date: June 10 (Tuesday) (pm)
Number of stalls: 3—————————————–
Auction date: June 11 (Wednesday) (am)
Number of stalls: 45—————————————–
Auction date: June 11 (Wednesday) (pm)
Number of stalls: 11———————
Auction date: June 12 (Thursday) (am)
Number of stalls: 84———————
Auction date: June 13 (Friday) (am)
Number of stalls: 80 A spokesman for the FEHD said, “Bidders or applicants for the market stalls must be at least 18 years old and ordinarily reside in Hong Kong. To allow more people to bid for or select the stalls and increase customer choices by enhancing the diversity in terms of the variety of stalls, there will be a restriction on the number of stalls to be rented in the same market by a single tenant. Any person who is currently a stall tenant is not allowed to bid in the first round of auction for any stall in the same market, and will only be allowed to bid for one stall in the second round of auction or to select one stall in the same market on a first-come, first-served basis. The existing tenants under the new three-year fixed term tenancy scheme (i.e. those persons who became stall tenants through the market open auctions after August 2022) are allowed to bid for a stall in the auction or select a stall on a first-come, first-served basis in the same market, but shall vacate the current stall and return it to the FEHD before the effective date of commencement of the new tenancy agreement.”
Details of the open auctions and the public market stalls concerned (including stalls for open auction at reduced upset prices) have been uploaded to the FEHD website (www.fehd.gov.hk/english/pleasant_environment/tidy_market/open_auction_coming.html
Findings of investigation into death of PMH doctor released
Source: Hong Kong Government special administrative region
Findings of investigation into death of PMH doctor released
On February 10, 2025, the CHP received a notification from PMH that three doctors in its oncology department had developed acute gastroenteritis symptoms and one of them unfortunately passed away on February 7. PMH’s preliminary investigation revealed that a stool sample from one of the doctors, who had mild symptoms, tested positive for Shiga toxin genes by nucleic acid testing. Therefore, it was suspected that the cluster might be associated with Shiga toxin-producing Escherichia coli (STEC) infection. The CHP immediately conducted a comprehensive epidemiological investigation of the suspected cluster. A team of experts from the Department of Microbiology of the HKU, led by Professor Yuen, also assisted in the investigation.
The CHP’s investigation revealed that the bacterial culture of the stool sample from the doctor suspected of having an STEC infection but with mild symptoms did not grow any viable STEC bacteria. Samples from the other two doctors, including the deceased doctor, were negative for STEC. The CHP collected 34 environmental samples and 27 food samples from the oncology department and relevant food premises at PMH, all of which were negative for STEC. The CHP also enhanced surveillance on the staff of the oncology department of PMH, and no other related cases were detected. Based on the available information, the CHP confirmed that there was no STEC outbreak in the oncology department of PMH and that there was no linkage between the illnesses of the three doctors.
The pathology department of PMH has conducted an autopsy and pathological examination on the cause of death of the deceased doctor. However, the post-mortem examination could not determine the exact cause of the pathological changes that led to his death. Experts from the Department of Microbiology of the HKU have detected group C rotavirus (a known rotavirus) in various tissue samples of the deceased using nucleic acid testing. However, the virus was not detected in the stool samples of the other two doctors. The experts were of the view that the initial acute gastroenteritis in the deceased was caused by group C rotavirus. The direct relationship between group C rotavirus and the cause of death was uncertain, while other contributing factors could not be ruled out.
Rotavirus is a gastroenteritis virus commonly found in children and is classified into groups A, B and C, etc. Group A is the most common (accounting for over 90 per cent of rotavirus infections worldwide), mainly affecting children under the age of 5. Scientific studies indicate that group C may infect adults and older children more frequently, with milder symptoms compared to groups A and B. According to the statistics of the Hospital Authority, there have been no deaths from rotavirus infection in public hospitals in the past 10 years. Preventive measures for rotavirus infection are similar to those for other viral gastroenteritis. It is important to maintain good personal, food and environmental hygiene.
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Separately, Escherichia coli (E. coli) is a bacterium commonly found in the intestines of humans and warm-blooded animals. Most strains of E. coli are harmless. Some strains, however, such as STEC, can produce strong toxins and cause severe foodborne disease. Generally, STEC infections are often associated with consuming contaminated food or water, such as raw or undercooked meat, contaminated fruits and vegetables, or unpasteurised dairy products. Meanwhile, the bacteria can also be transmitted from person-to-person through the faecal-oral route. Preventive measures for STEC infection are similar to those recommended for other foodborne diseases.
Issued at HKT 17:00
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CE meets Member of Political Bureau of CPC Central Committee and Minister of Foreign Affairs (with photo)
Source: Hong Kong Government special administrative region
The Chief Executive, Mr John Lee, met today (May 30) at Government House with Member of the Political Bureau of the CPC Central Committee and Minister of Foreign Affairs, Mr Wang Yi, to welcome Mr Wang as he visits Hong Kong and attends the Signing Ceremony of the Convention on the Establishment of the International Organization for Mediation (the Convention). Mr Lee and Mr Wang had a working luncheon and exchanged views on the work of the International Organization for Mediation (IOMed), and international exchanges and co-operation related to the Hong Kong Special Administrative Region (HKSAR). The Chief Secretary for Administration, Mr Chan Kwok-ki; the Financial Secretary, Mr Paul Chan; the Deputy Secretary for Justice, Dr Cheung Kwok-kwan; and the Director of the Chief Executive’s Office, Ms Carol Yip, also attended the meeting.
Mr Lee expressed his heartfelt gratitude to the Central Government for its strong support in establishing the IOMed headquarters in Hong Kong. He noted that the IOMed is a high-level international organisation. He said that the Central Government demonstrated its staunch support to the HKSAR in its development as a centre for international legal and dispute resolution services in the Asia-Pacific region under the National 14th Five-Year Plan through setting up the IOMed Preparatory Office in Hong Kong, completing the negotiations on the Convention, facilitating the consensus among different parties on situating the IOMed headquarters in Hong Kong, and hosting the signing ceremony of the Convention in Hong Kong.
Mr Lee said that the presence of Mr Wang in Hong Kong to witness the historic moment of signing the Convention is a great encouragement to him and the HKSAR Government. The HKSAR Government is well-equipped to promote the IOMed and to develop Hong Kong into a centre for international legal and dispute resolution services in the Asia-Pacific region.
Mr Lee said that basing the IOMed headquarters in Hong Kong will bring a host of significant benefits to the city.
First, the IOMed will elevate Hong Kong’s international status and role in international mediation. Under the “one country, two systems” principle, Hong Kong, as the only common law jurisdiction in China, boasts an established legal system, a solid foundation of the rule of law, diverse legal and dispute resolution services, and a wide pool of legal professionals with a global perspective. He noted that Hong Kong could make important contributions to the work of the IOMed.
Second, the IOMed will generate substantial economic benefits. Its service demand will create a large number of job opportunities in positions such as mediators, translators and researchers. The IOMed will also attract international organisations, non-governmental organisations and academic institutions to establish a presence in Hong Kong, drawing high-quality conferences and exhibitions to the city and further boosting sectors like hospitality, food and beverages, logistics and transportation, as well as industries in the conference economy. With a status on par with the International Court of Justice and the Permanent Court of Arbitration of the United Nations in The Hague, the IOMed will become a pivotal institution for resolving international disputes. This will facilitate deeper economic co-operation between Hong Kong and overseas economies such as regions participating in the Belt and Road Initiative, creating more business opportunities.
Third, the IOMed will further enhance Hong Kong’s ecosystem related to the rule of law, promoting the popularity of a mediation culture and encouraging the community in resolving issues through dialogue. Mr Lee highlighted that the IOMed will help Hong Kong attract more legal and dispute resolution professionals from around the globe, contributing to the development of the legal framework for dispute resolution and further consolidating Hong Kong’s status as an international legal hub.
Mr Lee also expressed his gratitude to the Ministry of Foreign Affairs, the Office of the Commissioner of the Ministry of Foreign Affairs in the HKSAR, and Chinese diplomatic and consular missions overseas for their continued support in deepening the HKSAR Government’s international exchanges and co-operation. This includes the meticulous arrangements for overseas visits of Mr Lee and other HKSAR Government officials, enabling Hong Kong to more effectively showcase its unparalleled advantages of having the strong support of the country while maintaining connectivity with the world under the “one country, two systems” principle.
Noting that consular protection of the country has always been the strongest safeguard for Hong Kong people travelling abroad, Mr Lee thanked the Ministry of Foreign Affairs for its ongoing support and care provided to the people of Hong Kong through Chinese diplomatic and consular missions overseas. The HKSAR Government will continue to enhance Hong Kong people’s understanding of consular protection policies and work related to Hong Kong, and raise their awareness and capabilities in the areas of security and protection.
CE meets senior officials from foreign governments attending Signing Ceremony of the Convention on the Establishment of the International Organization for Mediation (with photos)
Source: Hong Kong Government special administrative region
CE meets senior officials from foreign governments attending Signing Ceremony of the Convention on the Establishment of the International Organization for Mediation
Mr Lee met respectively with the Federal Councillor and Head of the Federal Department of Foreign Affairs of Switzerland, Mr Ignazio Cassis; the Deputy Prime Minister and Foreign Minister of Pakistan, Mr Mohammad Ishaq Dar; the Minister for Justice and Attorney General of Papua New Guinea, Mr Pila Niningi; and the Deputy Prime Minister of Laos, Mr Saleumxay Kommasith, today, welcoming them to attend the Signing Ceremony of the Convention on the Establishment of the International Organization for Mediation (IOMed). Mr Lee said that upon its establishment, the IOMed will provide friendly, flexible, economical and efficient mediation services for international disputes. Hong Kong is encouraged to contribute to and serve the successful establishment and operation of the IOMed.
On economic and trade co-operation, Mr Lee said the Hong Kong Special Administrative Region (HKSAR) Government attaches great importance on strengthening bilateral economic and trade relations with different countries. In the face of emerging unilateralism and protectionism, the HKSAR Government will remain steadfast in maintaining Hong Kong’s status as a free port and pursuing free trade policies, ensuring the free flow of goods, capital and information, and attracting enterprises from around the world to trading and investment opportunities in Hong Kong.
Mr Lee added that Hong Kong, as an international financial, shipping and trade centre, is the only city that enjoys both the China advantage and the global advantage. He welcomed enterprises from all countries to leverage Hong Kong’s platform to explore overseas and Mainland markets.
Issued at HKT 19:35
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