HONG KONG, Nov 23, 2021 – (ACN Newswire) – In order to strengthen the longstanding relationship between Hong Kong and UK businesses, the “Discovering and Realising New Opportunities in Asia” signature webinar was held last Thursday, 18 November, hosted by the Hong Kong Trade Development Council (HKTDC) and co-organised by the British Chamber of Commerce in Hong Kong.
The officiating guests in Hong Kong included (from L) Margaret Fong, HKTDC Executive Director; Dr Peter K N Lam, Chairman of the HKTDC; Carrie Lam, Chief Executive of the HKSAR and Peter Burnett, Chairman of the British Chamber of Commerce in Hong Kong
The webinar updated participants on the latest business developments in Hong Kong and examined the city’s unique role as a multi-faceted hub that UK businesses can leverage to capture new opportunities in the dynamic Asian market, particularly the Guangdong-Hong Kong-Macao Greater Bay Area (GBA) and the Association of Southeast Asian Nations (ASEAN) bloc.
Over 700 participants took part in the webinar, including business leaders and senior government officials from Hong Kong and the UK. The Chairman of HKTDC, Dr Peter K N Lam welcomed them. In his opening remarks, Dr Lam said: “In 2020, Hong Kong was the UK’s 12 largest trading partner in the world and the second largest in Asia, after Mainland China. Hong Kong is the gateway to more than US$6 billion in trade between the UK, Mainland China and the United States. Our city is a major global financial, trade, and logistics hub. It has a long history supporting international businesses. The Greater Bay Area’s role as a global hub in finance, trade and logistics, makes it a great market and resource hub. “
Carrie Lam, Chief Executive of the Hong Kong Special Administrative Region (HKSAR), delivered the keynote address on Hong Kong’s role as a two-way platform for the world to connect with Mainland China and Asia. “The best of Hong Kong lies ahead and Hong Kong’s future rests on a solid foundation,” said the Chief Executive. This is due to Hong Kong’s innovative “One Country, Two Systems”, framework that will ensure its continued success. Her optimism is also due to Hong Kong’s core values and traditional strengths, as well as the steady support from the Central People’s Government which has increased Hong Kong’s international proactivity.
Topical sessions explore business opportunities between HK and UK
Attendees were invited to take part in three sessions in which senior figures from key players in the world of international business spotlighted topical issues in the areas of finance, business expansion in Asia and healthcare. The session “Capitalizing on New Opportunities In Asia’s Financial Sector” provided insight into the future of Hong Kong as an international financial center and asset management hub. It also highlighted new opportunities in green and sustainable finance, with a particular focus on ASEAN and the GBA. Christopher Hui (Secretary for Financial Services and Treasury of the HKSAR), stated that “If we look at what has been done to foster the sustainability financing ecosystem in Hong Kong, you will see that we are doing so through many fronts.” Market creation and facilitation are our number one priority. It is not only Hong Kong that will benefit from this, but the entire region. “
Speaking on Hong Kong’s advantages as an asset management hub, particularly for those interested in Asia, China, and the transition to a lower carbon future Sir Douglas Flint, Chairman of abrdn plc said: “I think Hong Kong has a tremendous role to play because of the integrity of its regulatory system, its legal system and so on, in terms of giving a seal of approval and confidence in funds that are recognised in Hong Kong. There is an enormous opportunity for Hong Kong in creating a fund framework that can compete with other major global fund frameworks. “
The second session, “The Future is Now: Expanding Your Business in Asia”, provided an insight into Hong Kong’s role as a trading and investment hub, and especially how UK businesses can leverage the Hong Kong platform to capture rising opportunities in Mainland China and ASEAN.
On what makes Hong Kong such a special place to conduct business with Mainland China and the rest of the world, YK Pang, Deputy Managing Director & Chairman of Hong Kong Jardine Matheson Holdings Limited, said that “I will sum it up in one word, and that is connectivity. Connectivity is a result of Hong Kong’s proximity to China and the multi-cultural aspects of Hong Kong. Hong Kong continues to be a gateway to mainland China and will remain an important center for conducting business with the mainland. “
The final session, on the topic of “Winning the Healthcare Sector in Asia”, allowed attendees to gain a deeper understanding of the prospects for the Asian healthcare market and the vast opportunities it offers, and how businesses can take advantage of Hong Kong’s strengths in the areas of research and development and fundraising to achieve this.
Danny Yeung, Chief Executive Officer and Co-founder of Prenetics Group, commented “Hong Kong is a test bed. This creates more opportunities within the GBA and Southeast Asia if you can succeed in Hong Kong. “
The virtual event was held in lieu of the annual Hong Kong Dinner in London due to the ongoing COVID-19 situation. The dinner has been held annually since 1983 to celebrate and promote bilateral trade ties between Hong Kong and the UK.
To watch the recorded webinar, please see this link: https://youtu.be/UWEEr_Hk2zM
Photo download: https://bit.ly/3cDo8Ei
The Hong Kong Trade Development Council (HKTDC) is a statutory body established in 1966 to promote, assist and develop Hong Kong’s trade. With 50 offices globally, including 13 in Mainland China, the HKTDC promotes Hong Kong as a two-way global investment and business hub. International exhibitions, conferences, and business missions are organized by the HKTDC to provide business opportunities for small and medium-sized businesses (SMEs) in both domestic and international markets. HKTDC provides market information and product updates via research reports and digital news channels. For more information, please visit: www.hktdc.com/aboutus. Follow us on Twitter @hktdc and LinkedIn
HKTDC’s Communications & Public Affairs Department
Snowy Chan, Tel: +852 2584 4525, Email: firstname.lastname@example.org
Topic: Press release summary
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