Hong Kong Business News

Secretary for Commerce & Economic Development Algernon Yau today commended Hong Kong’s advantages and vast potential before a business audience in Bangkok, Thailand, with a view to deepening business collaboration between the two places.
 
Speaking at a reception as part of Think Business, Think Hong Kong, a two-day promotional event organised by the Hong Kong Trade Development Council to showcase the city as a premium business destination, Mr Yau said ties between Hong Kong and Thailand have flourished over the years, propelling mutual growth.
 
He pointed out that in 2022, the total value of trade between Thailand and Hong Kong amounted to almost US$20 billion, while in the same year foreign direct investment from Hong Kong to Thailand amounted to about US$550 million, making Hong Kong the fourth largest investor in Thailand.
 
Mr Yau highlighted Hong Kong’s business strengths under the “one country, two systems” arrangement, which he said made it a sound destination for companies seeking access to the Mainland China market and to the rest of the world.
 
He added that its unique advantages allow Hong Kong to connect global investors with projects along the Belt & Road, while at the same time fostering collaboration and innovation within the Guangdong-Hong Kong-Macao Greater Bay Area.
 
During his stay in Bangkok, Mr Yau also met Thai business leaders to update them on Hong Kong’s latest developments and initiatives to attract enterprises and investment.
 
In the morning, he had a breakfast meeting with the Chief Executive Officer and President of BigC Supercenter Public Company, Aswin Techajareonvikul. Mr Yau then met Rojanin Arthayukti, Director of iberry Group.
 
Mr Yau also called on the Thai business community’s continued support for Hong Kong's early accession to the Regional Comprehensive Economic Partnership (RCEP) during a lunch with Thailand’s delegates to the Association of Southeast Asian Nations Business Advisory Council.
 
He reiterated that Hong Kong is committed to broadening and deepening economic integration and co-operation in the region through accession to RCEP.
 
Additionally, Mr Yau hosted a dinner for some 60 representatives from the Federation of Hong Kong Business Associations Worldwide to exchange views on enhancing trade and business co-operation.
 
He also paid a courtesy call on Chinese Ambassador to Thailand Han Zhiqiang.