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Source: Hong Kong Information Services

The Centre for Health Protection (CHP) today said its Public Health Laboratory Services Branch routinely conducts Polymerase Chain Reaction tests for respiratory syncytial virus (RSV) on respiratory specimens.

Additionally, the centre monitors RSV-associated hospitalisations in public hospitals, and tracks upper respiratory infection outbreaks in schools as well as residential care institutions. The number of positive detections and the percentage are announced weekly on its website.

The CHP made the remarks in response to a media enquiry concerning RSV surveillance.

It noted that as revealed by laboratory surveillance data, the percentages of specimens testing positive for RSV over the past 12 weeks ranged between 2.5% and 3.5%, higher than that of the first-half year when less than 1% was recorded, but far lower than 8% to 10% when a peak was recorded in the past.

Furthermore, the CHP’s analysis indicated that between January 2023 and June 2025, the average annualised mortality rates associated with RSV among elderly people aged 75 or above was 10.3 per 100,000 population, which is lower than that of the rate of 80.2 per 100,000 population for seasonal influenza.

The hospitalisation rate associated with RSV among elderly people was also lower than that for seasonal influenza.

During the meeting in January this year, the CHP’s Scientific Committee on Vaccine Preventable Diseases (SCVPD) discussed the use of RSV vaccines for elderly people, and the experts were of the view that the two RSV vaccines currently registered in Hong Kong are safe and effective.

Regarding vaccination for the elderly, as specific recommendations from the World Health Organization and local data from the cost-benefit perspective are pending, universal RSV vaccination for elderly people is not recommended at the moment.

The Health Bureau has commissioned the University of Hong Kong to conduct an analysis on the cost-benefit of the RSV vaccine. Upon completion of the cost-benefit analysis, the SCVPD will discuss again the issue on RSV vaccination, based on the relevant analysis results and latest scientific evidence.

Source: Hong Kong Government special administrative region

Source: Hong Kong Information Services

Hong Kong recorded a current health expenditure (CHE) of $251.207 billion in 2023-24, an 8.6% increase compared with the previous year’s figure (excluding identified COVID-19 expenditure), the Health Bureau said today.

Releasing Hong Kong’s Domestic Health Accounts (DHA) 2023-24, the bureau noted that the CHE as a percentage of Gross Domestic Product (GDP) was 8.3%, and the CHE per capita was $33,334 during the period.

Public fund on healthcare accounted for 51.8% of the CHE in 2023-24, or 4.3% as a GDP percentage, which was 1.5 times of the 2.9% recorded 10 years ago in 2013-14.

Among other regions and economies with comparable shares of elderly population, Hong Kong is one of the places with the lowest public expenditure expressed in GDP percentage, the bureau noted.

In 2023-24, primary healthcare expenditure accounted for 29.3% of the city’s CHE, the highest percentage in the past decade, demonstrating the Government’s efforts to promote primary healthcare development are bearing fruit.

For private healthcare expenditure, it accounted for 48.2% of the CHE in Hong Kong or 4% as a percentage of GDP during the same period.

As for private expenditure on secondary and tertiary healthcare, the percentage share of health insurance schemes, including privately purchased as well as employer-based insurance schemes, in private expenditure increased from 33.4% to 44.8% in the past decade from 2013-14 to 2023-24.

This is an indicator that the health insurance scheme has become an increasingly important funding source for private healthcare services, the bureau added.

Specifically, by the end of 2024, the number of policies under the government-launched Voluntary Health Insurance Scheme has reached 1.428 million, which is estimated to account for approximately one-third of Hong Kong’s individual indemnity hospital insurance market.

To enhance the sustainability of Hong Kong’s healthcare system, the Government is comprehensively deepening the healthcare system reform, including advancing primary healthcare development to shift the emphasis of the healthcare system from treatment-oriented to prevention-focused.

It is also taking forward the fees and charges reform for public healthcare, with a view to optimising the use of healthcare resources amidst the mounting pressure on public hospitals.

Source: Hong Kong Government special administrative region

Source: Hong Kong Government special administrative region

Source: Hong Kong Government special administrative region

Following is the speech by the Chief Executive, Mr John Lee, at the Britcham Hong Kong Summit 2025 today (October 16):
 
Consul General Mr Brian Davidson (British Consul General to Hong Kong and Macao), Jeremy (Chair of the British Chamber of Commerce in Hong Kong (BritCham), Mr Jeremy Sheldon), Paul (Executive Director of the British Chamber of Commerce in Hong Kong, Mr Paul McComb), distinguished guests, ladies and gentlemen,
 
Good afternoon. It is a pleasure to join you, once again, for the annual British Chamber of Commerce in Hong Kong Summit.
 
This year’s Summit agenda smartly responds to BritCham’s “Asia’s World City x BritCham” campaign, formally launched here today. The campaign’s four pillars – work, live, play and learn – and how Hong Kong makes it happen – are the themes of today’s panels.
 
This direction resonates well with the Government’s priorities. Reform is the driving force behind my Policy Address last month, and the Government’s commitment to the economy, to the people, and to Hong Kong.
 
Governments alone cannot deliver successful reform. For that, we need the impelling commitment of industry, business and community. That includes its institutions, local and international.
 
It’s clear, and importantly gratifying, that we can count on the co-operation of BritCham and its 1 100 corporate and individual members. Through your campaign, you will help us tell the true and good Hong Kong stories, that today’s Hong Kong remains Asia’s world city – in business and finance, innovation and technology (I&T), education, culture and lifestyle.
 
BritCham has taken the initiative to engage the world on behalf of Hong Kong for its own good reasons, and that of its members, because when Hong Kong prospers, we all prosper.
 
Hong Kong-UK merchandise trade amounted to US$15.6 billion last year. The average growth between 2020 and 2024 was a solid 2.6 per cent a year. And the UK is Hong Kong’s third-largest trading partner in services, up more than 10 per cent, year on year, to US$14.7 billion in 2023.
 
Bilateral investment remains strong, reflecting the long-term promise our respective businesses and investors see in each other’s economies. At the end of 2023, the UK ranked fourth in inward direct investment into Hong Kong, and sixth in outward direct investment from Hong Kong.  
 
There’s good news, too, in the number of UK companies with a presence here – some 720 as of last December. That, I’m happy to note, was up over 12 per cent, year on year, and marks a record high. And I’m confident that UK companies will continue to turn to Hong Kong – and BritCham Hong Kong.
 
There are many good reasons for optimism. For the next few minutes, I would like to share with you a few of the sectors, industries and areas the HKSAR Government is prioritising: for our economy and community, our businesses, our families, all of us and our future.
 
Hong Kong’s rise as a global city was built on free trade, beginning in the 19th century with the UK and fast expanding to a world of business. As a founding member of the World Trade Organization, we believe in the rules-based multilateral trading system and the mutual rewards it offers companies, economies and countries.
 
That steadfast commitment to free trade was rewarded, once again this year, by the Fraser Institute, which named Hong Kong as the world’s freest economy, number one. 
 
Thanks to the unique “one country, two systems” principle, we create connections, and opportunities, with both our country and the rest of the world.
 
Enhancing our global network
 
As I noted in my Policy Address, we will continue to expand our connectivity. We will deepen integration with the country through the Guangdong-Hong Kong-Macao Greater Bay Area, and enhance connections with the world, exploring overseas markets in Belt and Road regions, the Global South, the Middle East and, of course, the UK; wherever we can build partnerships in a world increasingly beset with unilateralism, arbitrary barriers and dismaying discord.
 
Since assuming office in July 2022, I have led high-level business delegations to the Middle East twice and to multiple ASEAN (Association of Southeast Asian Nations) member states on three occasions.
 
Our overseas offices help us build connections and the market opportunities they create. To date, we have set up Economic and Trade Offices, or ETOs, as well as Invest Hong Kong (InvestHK) and Trade Development Council (TDC) offices in 68 cities around the world, covering 129 countries.
 
And we are still building bridges. An ETO in Kuala Lumpur, the Malaysian capital, is expected to begin operation by year’s end. We are working with Saudi Arabia to establish an ETO in Riyadh, the country’s capital, and we plan to expand the coverage of existing ETOs to Latin America and Central Asia.
 
As I noted in my Policy Address, we will establish the Economic and Trade Express to help local companies go global. That, I trust, means many of you here today.
 
Supported by our ETOs, InvestHK and the TDC, the new service will organise overseas business missions to help SMEs (small and medium-sized enterprises) and start-ups explore new markets and build their businesses. It will offer additional trade and investment promotion activities, and highlight the advantages of Hong Kong to overseas business.
 
     “Going global” certainly applies to the many Mainland companies we aspire to serve. It is why the GoGlobal Task Force (Task Force on Supporting Mainland Enterprises in Going Global) was launched 10 days ago. As I said in my Policy Address, the Task Force co-ordinates InvestHK, the Trade Development Council and other government agencies.
 
Taking full advantage of our world-class financial and professional services, the GoGlobal Task Force will serve as a springboard to Mainland companies keen to expand overseas. It will work closely with business organisations and chambers such as yours, and pool expertise and smooth the way for Mainland companies. We will help them connect, faster and more efficiently, with global markets and buyers.
 
I understand that a BritCham delegation recently returned from Beijing, where discussions included how BritCham could support Chinese companies going global. Now that’s a ringing illustration of reaching out, of co-operation creating promising opportunities, and what good business is all about. We definitely have a lot to work together.
 
As of last year, more than 2 600 Mainland enterprises had established operations in Hong Kong. In addition, more than 1 400 had listed here. That presents lots of GoGlobal opportunities – for Hong Kong, and for this chamber.
 
As those numbers underline, Hong Kong is the paramount destination for Chinese companies looking to access offshore capital, and for the world seeking the Mainland’s deep capital market.
 
International financial centre
 
The remarkable performance of our IPO listings this year, surpassing all other major international markets, is just one aspect of Hong Kong’s dynamism.
 
Last month’s Global Financial Centres Index placed us third globally, just two points back of New York, one behind London, our good friend. It highlights our connectivity, as well as Hong Kong’s ability to connect the Mainland and a world of capital.
 
And the Government is committed to boosting Hong Kong’s global appeal, as my Policy Address makes it very clear.
 
Hong Kong is the largest offshore Renminbi business hub in the world, and we are working to diversify our Renminbi offerings. The Monetary Authority will introduce a Renminbi business facility to help companies get the longer-term financing they need for trade, capital expenditure and day-to-day operation. And to ensure a secure source of Renminbi funds at modest cost, it’s pursuing broader channels for acquiring cross-boundary capital, while enabling foreign exchange quotations and transactions between Renminbi and other regional currencies.
 
Ladies and gentlemen, as the Chinese proverb goes, “real gold is not afraid of the melting pot” – and not afraid of volatilities, it seems – last week reaching a record US$4,000 per troy ounce.
 
The HKSAR Government is expediting the development of Hong Kong as an international gold trading market. In my Policy Address, I outlined a number of conducive measures, including building a gold storing capacity of more than 2 000 tonnes over the next three years.
 
We will establish a central clearing system for gold, inviting the Shanghai Gold Exchange to work with us in realising mutual market access with the Mainland. The International Board of the Shanghai Gold Exchange, let me add, has established its first offshore delivery vault, here in Hong Kong.
 
We are inviting gold traders to set up refineries here, and support the creation of a gold industry trade association.
 
Still with commodity trading, the London Metal Exchange last month approved the addition of three storage facilities in Hong Kong. That takes the number of warehouses here to 11 since January, when the Exchange included Hong Kong as a delivery point in its global warehousing network.
 
I have high hopes that relations between Hong Kong and the UK could continue to be as good as gold – as forever as gold. So I’m pleased to note that, in June, the Financial Services Development Council signed an MOU with TheCityUK. It’s designed to boost collaboration between our two financial markets.
 
Innovation and technology
 
This year’s Global Innovation Index ranked the Shenzhen-Hong Kong-Guangzhou cluster first in the world’s top 100 innovation clusters, after five years as runner-up.
 
That speaks well of the Greater Bay Area’s commitment to rising as a global hub for innovation and technology. It speaks clearly, too, of Hong Kong emergence as an I&T force within the Greater Bay Area and throughout the region.
 
Central to that is the Northern Metropolis. Hong Kong Park, part of the Hetao Shenzhen-Hong Kong Science and Technology Innovation Co-operation Zone, continues its rise in the Northern Metropolis. It is part of the Northern Metropolis. Tenants, including companies specialising in life and health technology, AI, new energy and other strategic industries, are moving into the Park’s first three buildings. Five additional buildings will be completed, progressively, from 2027.
 
By the end of this year, the HKSAR Government will publish an outline plan for the San Tin Technopole – again, a big part of the Northern Metropolis. A huge and inviting area, it will provide about 210 hectares of land for prime I&T development within the Northern Metropolis.
 
Our I&T ambitions, of course, will only be met with a growing flow of strategic talent. On that score, I’m pleased to note two recent results, clear and compelling testament to the success or competiveness in our comprehensive talent drive.
 
Attracting enterprises
 
A week ago, OASES, the Office for Attracting Strategic Enterprises, welcomed another 18 new companies, including three of the world’s top 10 pharmaceutical corporations – one of them from the UK – to Hong Kong. That takes the number of strategic enterprises drew in by OASES to 102, creating employment in Hong Kong, investing in Hong Kong, setting up regional headquarters and initiating research and development projects, right here in Hong Kong.
 
As I noted in the Policy Address, the Financial Secretary will head a team putting together preferential policies to attract more strategic companies to come to Hong Kong for their future – and our future.
 
Last week, as well, UK-founded Times Higher Education released its World University Rankings 2026. Hong Kong, once again, was the only city in the world that had five universities ranked among the global top 100. I’m delighted to add that six are now listed among the world’s top 200 universities. And, for the first time, all eight of our publicly funded universities have made the global rankings.
 
Just last month, the World Talent Ranking, released by the International Institute for Management Development, ranked Hong Kong fourth in the world – and tops in Asia.
 
Asia’s world city
 
Ladies and gentlemen, I invite more UK strategic companies and professionals to join us – for a world of business opportunity; for a world of arts and culture, sports and entertainment, too.
 
Yes, as BritCham’s Asia’s World City campaign emphasises, Hong Kong is the region’s wide and welcoming hub for the good life. In my Policy Address, I introduced our “tourism is everywhere” policy priority.
 
We’re expanding our mega events offerings, adding a wealth of cultural festivals and other major offerings. We’re developing the yacht economy and cruise tourism, upgrading our country park facilities, adding traditional village and field attractions, new tourism routes, even a tree-top adventure.
 
And next February, the Year of the Horse begins. Count on a winning variety of horse-racing celebrations.
 
Next month, the East Kowloon Cultural Centre opens, a five-venue showcase for world-class arts technology performances and long-running theatrical runs. Next month, too, the 15th National Games gets going, with Hong Kong a cohost, alongside Guangdong and Macao, for the first time.
 
Yes, in Hong Kong, the attraction, thrills and non-stop excitement are everywhere you look.
 
My thanks to the British Chamber of Commerce in Hong Kong for organising this essential annual gathering. I am grateful, too, for your much-valued contributions to Hong Kong’s success as a leading international economy and flourishing global community. Asia’s world city.
 
Ladies and gentlemen, I wish you all the best of business, health and happiness in the coming year.
 
Thank you very much.

Source: Hong Kong Government special administrative region

Source: Hong Kong Government special administrative region

Source: Hong Kong Government special administrative region – 4

The Financial Secretary, Mr Paul Chan, continued his visit to New York, the United States (US), on October 15 (New York time). His itinerary included attending a luncheon jointly hosted by the National Committee on United States–China Relations (NCUSCR) and the Hong Kong Economic and Trade Office in New York (HKETONY), as well as participating in a roundtable exchange with representatives of US-based asset management institutions and fund managers. In the morning, Mr Chan visited the United Nations (UN), and then paid a courtesy call on the Permanent Representative of China to the UN, Ambassador Fu Cong. Earlier, he also held a breakfast meeting with a group of young professionals from various countries working at the UN. In the afternoon, he met with the Consul-General of the People’s Republic of China in New York, Chen Li.

At the luncheon co-hosted by NCUSCR and HKETONY and chaired by NCUSCR President Mr Stephen Orlins, Mr Chan was joined by over a dozen prominent leaders from the U.S. financial, investment, pharmaceutical, creative industries, and think tank sectors.

During the luncheon, Mr Chan shared with the participants the latest developments in Hong Kong’s economy and engaged in in-depth discussions. He highlighted the city’s strategies to enhance the financial market, innovation and technology, development and regional supply chain connectivity. He also elaborated on Hong Kong’s proactive efforts in attracting enterprises and global talent, attracting investment, developing the Northern Metropolis, and fostering industrial collaboration within the Guangdong-Hong Kong-Macao Greater Bay Area (GBA). Mr Chan emphasised that Hong Kong welcomes US enterprises and professionals to pursue opportunities in the city and to leverage Hong Kong as a gateway to access the Chinese Mainland and broader Asian markets, thereby seizing the current wave of growth opportunities.

Mr Chan reiterated during the luncheon that the “one country, two systems” principle is an arrangement for the long term, and Hong Kong’s core strengths — including its status as a free port, adherence to common law and rule of law, openness, diversity and high level of internationalisation — remain unchanged. In response to questions, Mr Chan said despite the recent signs of escalating trade tensions, Hong Kong would firmly uphold its status as a free port and continue to implement free, open and predictable trade policies and practices.

In the afternoon, Mr Chan participated in a roundtable discussion with key US funds and asset management representatives, during which he presented Hong Kong’s economic and financial outlook. He highlighted opportunities in the financial market, including initial public offerings and follow-on fund raising, fixed income and currency markets, private equity, asset and wealth management, green finance, stablecoins and digital assets. He pointed out that Hong Kong’s asset markets are showing an encouraging momentum. The stock market has seen a significant upturn, driven by investors’ confidence in the Chinese Mainland’s technological development and increased capital allocations. Meanwhile, the residential property market is showing signs of stabilisation. As a “super connector” and “super value-adder” between the Chinese Mainland and the world, Hong Kong will continue to offer attractive investment opportunities for investors from the US and around the globe.

Earlier in the day, Mr Chan visited the UN and met with Permanent Representative of the People’s Republic of China to the UN, Ambassador Fu Cong. Mr Chan expressed his gratitude for the strong support that the Central Government has consistently provided to Hong Kong across various domains. In particular, the Ministry of Foreign Affairs’ efforts in facilitating the participation of young Hong Kong civil servants in the UN Junior Professional Officer Programme, which allows them to work within the UN system as Chinese nationals, are much appreciated. This has provided young professionals with valuable international exposure and experience. Mr Chan stated that, with the Central Government’s support, the Hong Kong Special Administrative Region Government will continue to nominate and support young civil servants in participating in such programmes.

Mr Chan also paid a courtesy call on the Consul-General of the People’s Republic of China in New York, Ambassador Chen Li. They exchanged views on China-US relations, Hong Kong’s development, and related topics.

In the morning, Mr Chan hosted a breakfast meeting with a group of young professionals working at the UN. Hailing from ten countries and regions, they shared their experiences of working at the UN. Mr Chan briefed them on Hong Kong’s latest developments and extended a warm invitation for them to visit the city and explore career development opportunities in Hong Kong.

Source: Hong Kong Government special administrative region – 4

The Secretary for Financial Services and the Treasury, Mr Christopher Hui, chaired the fifth meeting of the Coordination Group on Implementation of Fintech Initiatives (CGFin) today (October 16) and conducted exchanges with representatives from the financial regulators, fintech sector and academia on the latest developments of fintech in Hong Kong.
 
Mr Hui said, “The Government is committed to promoting fintech development. According to the latest Global Financial Centres Index Report released last month, Hong Kong ranked first globally in fintech offering, underscoring Hong Kong’s pivotal role in driving fintech forward. The Government and the financial regulators will continue to adopt multipronged measures in facilitating fintech development, including enhancing financial infrastructure, building a more active fintech ecosystem, nurturing fintech talent, as well as strengthening connection and collaboration with the Mainland and overseas. The work of CGFin is crucial to promoting cross-sectoral co-ordination and co-operation. I would like to thank the industry representatives for providing valuable views.”
 
The Government exchanged views with the participants on different fintech areas, including promoting the development of a digital asset ecosystem while balancing investor protection and risk management, as well as the significant potential of green fintech in driving the development of sustainable finance. In addition, the Hong Kong Monetary Authority (HKMA) reported the latest developments of the wholesale central bank digital currency Project Ensemble and the Generative Artificial Intelligence Sandbox initiative at the meeting.
 
The meeting noted that Hong Kong FinTech Week (HKFTW) 2025, themed “Curating the New Fintech Era”, will be held from November 3 to 7 in conjunction with the StartmeupHK Festival, with the main conference to be staged on November 3 and 4 at the Hong Kong Convention and Exhibition Centre. The 10th edition of HKFTW will continue to attract attendees from all over the world, including renowned speakers across different sectors. The Financial Services and the Treasury Bureau and Invest Hong Kong will collaborate with various participating parties and the industry to showcase the vitality of Hong Kong’s fintech ecosystem to the global markets, with a view to further consolidating Hong Kong’s position as a leading global fintech hub.
 
     CGFin is chaired by the Secretary for Financial Services and the Treasury with members including representatives from the HKMA, the Securities and Futures Commission, the Insurance Authority, the Mandatory Provident Fund Schemes Authority, the Accounting and Financial Reporting Council, Invest Hong Kong, Cyberport, and the Hong Kong Science and Technology Parks Corporation.