Hong Kong Business News

Before wrapping up his visit in Australia today, Financial Secretary Paul Chan promoted Hong Kong's business advantages to local business leaders in Sydney.
 
In the morning, Mr Chan attended a roundtable breakfast meeting organised by HSBC, where he shared updates on Hong Kong’s latest economic situation and development directions with over 10 representatives from various sectors including trade, financial services, green finance, fintech and professional services.
 
They also exchanged views on promoting bilateral investments, trade and green and sustainable financial collaboration between Hong Kong and Australia.
 
At noon, Mr Chan attended a business luncheon organised by the Hong Kong Economic & Trade Office, Sydney.
 
He highlighted Hong Kong’s development directions in innovation and technology and other opportunities to over 150 senior representatives from Australia’s industrial and commercial sector, and financial and investment institutions.
 
He also detailed four unique advantages of Hong Kong’s financial sector, including its financing market, green and sustainable finance, offshore renminbi hub and asset management centre.
 
Apart from introducing the developments of innovation and technology in Hong Kong, the Financial Secretary called attention to the city’s initiatives and progress in attracting businesses and talent. Additionally, he encouraged Australian enterprises to establish their foothold in Hong Kong.
 
During the luncheon, a number of leaders from Australia's banking, accounting, consultancy and asset management industries shared their observations on the advantages of Hong Kong's financial market as well as its role as an asset and wealth management centre, their experiences in operating businesses in Hong Kong, and how Australian companies can leverage Hong Kong to open up a larger market.
 
In the afternoon, Mr Chan had a roundtable discussion with senior staff of over 10 financial institutions. They exchanged views on developing businesses in asset management, family offices, fintech, green finance and green technology in Hong Kong.
 
Mr Chan summed up his visit to Australia, saying that through exchanges with the commercial and industrial sectors in Australia, this visit has promoted mutual understanding and bilateral co-operation for the future.
 
“We briefed them on Hong Kong's current situation and key areas for future development, highlighting the opportunities in Hong Kong and the Guangdong-Hong Kong-Macao Greater Bay Area and sharing positive stories from both places.
 
“Meanwhile, Australian companies in life and health technology, green energy, fintech, asset and wealth management, agricultural products, and wineries have commonly expressed interest in leveraging Hong Kong to expand further into Mainland and Asian markets.”
 
Mr Chan departed for Hong Kong in the evening.

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