Meetings & Exhibitions Hong Kong (MEHK)’s Post

Thrilled to be moderating again for the celebrated annual event - Mingtiandi’s Hong Kong Forum 2024! A very thorough panel discussion on the Mainland China Investment Opportunities with macro and micro perspectives. Happy to see the well attendance with many heavy weight speakers and audience! Although we are not sure whether we are nearly the bottom yet, and still challenges lying ahead for fiscal authorities in most countries — we need to embrace consolidation to reduce debt and rebuild buffers. But what we are quite sure is the outlook for the China market longer term is firmly positive. We still have headline growth edged up to 5.3% y/y in Q1. China is the largest real estate market in Asia Pacific. It is also the second largest globally after the US, valued at US$686 billion. The digital and green transformations present opportunities to boost productivity growth and improve living standards. Deep structural reforms can enhance the conditions for entrepreneurship, innovation and economic performance.  Stay tuned for more updates! Natasha Ho, President, China Real Estate Chamber of Commerce Hong Kong and International Chapter (CRECCHKI), Hubert Chak, Executive Director and CEO, SF REIT, Humbert Pang, Managing Principal and Head of China, Gaw Capital Partners, Andrew Goodridge, Managing Partner, Asia Green Real Estate, Benjamin Chow, Head of Real Estate Research, Asia, MSCI Inc. Michael Cole, Mingtiandi - Asia real estate intelligence #APAC #China #HongKong #RealEstate #MingtiandiHKForum2024

We are thrilled to share that Hong Kong has risen to fifth place in the latest World Competitiveness Yearbook (WCY) 2024, published by the International Institute for Management Development (IMD). This marks a two-place improvement from last year! Highlights: - 1st in "International Trade" and "Business Legislation" - 2nd in "Tax Policy" - Top 3 in "Government Efficiency", "International Investment" and "Basic Infrastructure" - Top 4 in "Finance", and "Education" - Top 10 in "Business Efficiency" and "Infrastructure" - Significant improvement in "Economic Performance" A government spokesperson emphasized, “With the unwavering support from the Central Government, Hong Kong’s economy is on a robust recovery path post-epidemic. Our strategic measures to boost market confidence, tourism, and consumption are bearing fruit, and we continue to attract global enterprises, capital, and talent." Strategic Focus: - Financial services - Innovation and technology - Trading - Green transformation - Digital economy development Under the "one country, two systems" framework, Hong Kong uniquely blends Chinese and international advantages. As a "super-connector" and "super value-adder," Hong Kong remains committed to integrating into national development strategies, expanding economic capacity, and enhancing competitiveness. See the full report by IMD at: https://lnkd.in/dzknKBUy Image credits: Brand Hong Kong #HongKong #Competitiveness #EconomicGrowth #IMD #Innovation #GlobalTrade #FinancialServices #SustainableDevelopment #DigitalEconomy

團結香港基金 Our Hong Kong Foundation (OHKF) held the Insight Forum, entitled "High-quality Belt and Road Development: From Regional Cooperation to Hong Kong's Transformation and Potential", on 16 September, inviting the keynote speaker, Dr Jonathan Choi, Chairman, The The Chinese General Chamber of Commerce, Hong Kong, Chairman, Sunwah Group, and Special Counsellor, OHKF, together with Bernard Charnwut Chan, Chairman, OHKF and Chairman & President, Asia Financial Holdings Limited, and 何力治 Nicholas Ho Lik-chi, Commissioner for Belt and Road Office, HKSAR Government, to foster productive discussions on Hong Kong's evolving role and future development prospects within the ASEAN region and the broader Belt and Road framework. Dr Jonathan Choi advised Hong Kong to bear in mind its irreplaceable dual roles in attracting foreign investment and going global. He believed that by leveraging the advantages of “One Country, Two System”, Hong Kong could not only collaborate with mainland Chinese enterprises but also engage in partnerships with companies worldwide. He highlighted the need to possess an overview of the whole world. Nicholas Ho suggested Hong Kong capitalise on its strengths in the Belt and Road Initiative (BRI) to function as a key link between standards. He indicated that no matter the development of the BRI or RCEP, the connectivity between regulations and standards would be a pioneer for industrial development. Event Recap: https://bit.ly/3Z2NPaQ

APAC investors eye Hong Kong’s living sector market. Tap the link to read the full story: https://lnkd.in/gZ6hV7_h #APAC #CBRE #HongKong #TrendNewsandUpdates #AudienceandReaders #TheExchangeAsia

團結香港基金 Our Hong Kong Foundation (OHKF) held the Insight Forum, entitled "High-quality Belt and Road Development: From Regional Cooperation to Hong Kong's Transformation and Potential", on 16 September, inviting the keynote speaker, Dr Jonathan Choi, Chairman, The The Chinese General Chamber of Commerce, Hong Kong, Chairman, Sunwah Group, and Special Counsellor, OHKF, together with Bernard Charnwut Chan, Chairman, OHKF and Chairman & President, Asia Financial Holdings Limited, and 何力治 Nicholas Ho Lik-chi, Commissioner for Belt and Road Office, HKSAR Government, to foster productive discussions on Hong Kong's evolving role and future development prospects within the ASEAN region and the broader Belt and Road framework. Dr Jonathan Choi said that Hong Kong SMEs have decades of experience in investing in factories in ASEAN countries, but companies can transform from factories to invest in ASEAN's consumer markets. In particular, some of the ASEAN countries have a similar population, average age and middle class as the Greater Bay Area. In addition, with the increase in digital enterprises and the creativity and capability of start-ups in ASEAN countries, Hong Kong should look at the world and strengthen co-operation. Nicholas Ho highlighted Hong Kong has advantages in air transport, trade and professional services, which can lead to win-win co-operation, but the most important thing is to have a clear positioning, especially when the world is developing rapidly, and it is worthwhile to promote the green economy ecosystem, which is a new development. Event Recap: https://bit.ly/3Z2NPaQ

🌟 **Key Insights from Algernon Yau's Talk on the Greater Bay Area!** 🌟 This morning I have attended an insightful talk by Algernon Yau who is the Secretary for Commerce and Economic Development from the Hong Kong government about the Greater Bay Area (GBA) organized by the French Chamber of Commerce. The GBA includes 9 mainland cities as well as Hong Kong, and Macau, with a population of 86 million. Hong Kong plays a crucial role as a gateway for capital flow and arbitration, offering significant legal protections. It serves as a Super Connector, enabling Chinese companies to expand internationally. Economically, China is experiencing a GDP growth of 5%, while Hong Kong's GDP is expected to rise by 3.5%. Hong Kong is strengthening ties with ASEAN countries, the Middle East, and Central Eastern Europe, and has signed new MOU agreements with Peru and Egypt. On the innovation front, Hong Kong is promoting more R&D and attracting strategic enterprises with dedicated innovation funds. Sustainability is a priority, with a transition towards green energy such as hydrogen and away from fossil fuels. The business environment in Hong Kong is thriving, with 9000 foreign enterprises, surpassing pre-COVID levels. In Q1 2024 alone, 150-170 new foreign enterprises were established, aiming for 1100 for the full year in 2024. The Silver Hair Economy is another focus, as by 2046, 1 in 3 people in Hong Kong will be 65 or older. The government is prioritizing transportation, healthcare, and investment to cater to this demographic. With strong government support, the future of the GBA looks bright and is a powerhouse in the region, emphasizing innovation and technology. Meanwhile, Hong Kong continues to remain a vital hub where East meets West, driving growth and innovation. Let's seize these opportunities! #GreaterBayArea #HongKong #Innovation #GlobalTrade #EconomicGrowth #R&D #SustainableFuture #BusinessExpansion #SilverHairEconomy

Neville Lai Yunshek, Curator at the Global Shapers Hong Kong Hub, together with Wai-Hong Tang, an Independent Consultant and an Expert in International Affairs, just published an article on the World Economic Forum's Agenda on "Why we can expect the return of the 'Asian Century' amid weak global economic forecasts." Neville and Wai-Hong argue that despite the slow economic growth forecast throughout 2024, Asia is expected to remain the motor of the global economy due to intraregional trade growth, technology investment, and e-commerce leadership. With a burgeoning middle class and growing trade networks, the 'Asian Century' looks set for a return. Read this article on the promising future of Asia's economy: https://ow.ly/Pbu050QptsY

The 2024/25 Budget for the Hong Kong SAR themed "Advance with confidence. Seize Opportunities. Strive for High-quality Development" was presented today by the Financial Secretary, Mr. Paul Chan, who forecasted that the Hong Kong economy will grow by an average of 3.2% annually in real terms from 2025 to 2028. Mr. Chan emphasised the need to advance with confidence, seize opportunities and promote high-quality development amid a complicated and ever-changing international environment, noting that "with our economy and society constantly evolving, more strenuous efforts are required to strengthen momentum of our economic recovery." The budget continues to focus on green development and the digital economy, and includes measures to guide industries towards high-quality development. In addition to developing sectors, such as innovation and technology and finance, it suggests positioning Hong Kong as a multinational supply chain management centre, focusing on serving Mainland enterprises going global. This includes studying the establishment of a trade window to provide one-stop services for enterprises. It also highlights establishing Hong Kong as a premier destination for business and tourism. Mr. Chan concluded that the unique positioning and distinctive functions make Hong Kong irreplaceable as it strides towards high-quality development and the building of a great modern city. It is also the only place in the world where the global advantage and the China advantage come together in a single economy. So long as Hong Kong knows where it stands and charts the right direction, it will be able to give full play to its unique strengths. By blazing new trails and firmly pressing ahead, Hong Kong will certainly thrive and prosper, like a dragon soaring far and high in the boundless sky. For more details on the 2024/25 budget, visit https://lnkd.in/dDqSstcg. #hongkong #budget #enterprises #events #tourism #financial #AI #technology #aviation #maritime #talent #greenHK

On July 18, 2024, the “Resolution of the Central Committee of the Communist Party of China on Further Deepening Reform Comprehensively to Advance Chinese Modernization” was adopted at the Third Plenary Session of the 20th Central Committee of the Communist Party of China. The Resolution outlines measures to consolidate and further elevate Hong Kong’s position as an international financial, shipping, and trade center, supporting Hong Kong and Macau in becoming magnets for high-end international talent. How does the community in Hong Kong view this plenary session? Moreover, how can Hong Kong utilize the guidance and insights gained from this session? Steve Chuang, Chairman at Federation of Hong Kong Industries, told us that Hong Kong could find inspirations from the discussions during the Third Plenary Session on how to develop new quality productive forces and support Hong Kong in building a high-end international talent hub. Hong Kong boasts strong R&D and professional service capabilities, and should leverage its advantages to cultivate new quality productive forces. Kam Fai Wong, a member of the Legislative Council of Hong Kong, pointed out the Resolution mentions that improving the institutions and mechanisms for fostering new quality productive forces in line with local conditions. For Hong Kong, it should leverage its status as an international financial center to help achieve the development of new productive forces. Capital is crucial for the development of innovative technology companies. Clara Chan, CEO of Hong Kong Investment Corporation Limited, noted that its role is to invest for the future of Hong Kong. In addition to seeking medium and long-term returns, it aims to drive investment towards industrial growth. The advancement of innovative technology is crucial for cultivating new productive forces and promoting high-quality development. The Resolution highlights the importance of fostering the Greater Bay Area and other regions to enhance high-quality development. Sunny Tan, a member of Legislative Council of Hong Kong and Chairman of HKPC - Hong Kong Productivity Council, pointed out that Hong Kong serves as one of four central cities and core engines of development in the Greater Bay Area. Hong Kong should leverage its strengths and complement that of other cities in the Greater Bay Area. The city should attract more mainland enterprises and brands, which should consider Hong Kong as their first international market and the hub for supply chain management, facilitating their global branding efforts.