News & Events

News in Category: 2025

HKGCC GBA Mission to Guangzhou Explore Opportunities in Healthcare

HKGCC had organized a one-day mission to Guangzhou on 27 February 2025. This visit had included site tours of key enterprises and projects in the health and medical sectors, as well as opportunities to explore potential business ventures in the biopharmaceutical and health industries.

Guangzhou had strategically positioned itself as a global hub for biopharmaceutical innovation and industrial development, attracting leading companies worldwide. These firms had established production facilities, research and development centres, and regional headquarters in the city. At that time, Guangzhou had been home to over 6,500 enterprises in the biopharmaceutical and health sectors, ranking third nationwide. In the first three quarters of 2023, the value added by Guangzhou's biopharmaceutical and health industries had reached RMB 124.182 billion, indicating continuous growth in the sector's scale.

Hong Kong had favorable conditions for developing its life and health industries. It could have enhanced integration with the Greater Bay Area's institutional and systemic frameworks in pharmaceuticals, patents, and medical devices. Hong Kong enterprises should have taken advantage of these emerging opportunities to promote cross-border medical collaboration within the Greater Bay Area.

To explore the latest advancements in Guangzhou's life and health industries, the China Committee and the Health and Wellness Working Group had organized a mission to Guangzhou on 27 February. This visit had included site tours of key enterprises and projects in the health and medical sectors, as well as opportunities to explore potential business ventures in the biopharmaceutical and health industries.

HKMA Global Innovation Day

The second edition of the HKMA Global Innovation Day had returned on 23 January 2025!

This exciting full-day event had combined the Final Judging of the HKMA/HKT Global Innovation Award, Innovation Summit, breakout sessions, exhibition zones, Award Presentation Ceremony, and plenty of networking opportunities such as coffee breaks and collaborator luncheons.

Date: Thursday, 23 January 2025
Time: 9:00 am – 6:00 pm
Venue: Hong Kong Convention and Exhibition Centre
Meeting Room N100 and N200 Series
1 Expo Drive, Wanchai, Hong Kong

Asian Financial Forum “ Powering the Next Growth Engine ”

Asian Financial Forum (AFF), which had been jointly organized by the Government of the Hong Kong Special Administrative Region and the Hong Kong Trade Development Council (HKTDC), had taken place on 13 and 14 January 2025 at the Hong Kong Convention and Exhibition Centre.

Since its inception in 2007, the AFF had gone from strength to strength as a platform for thought-leadership, networking, and deal-making. The 2024 edition had featured 140 distinguished speakers and had attracted over 3,600 participants from more than 50 countries and regions.

As the global economy had continued to evolve, Asia and emerging markets had been poised to play a more pivotal role in shaping the next phase of growth and development. AFF 2025 had convened influential policymakers, regulators, and business leaders from around the world to discuss the emerging drivers and innovative strategies that had set to become the next engines of global growth. A broad array of trending topics had been addressed through engaging signature panel discussions, workshops, and fireside chats, including global economic outlook, China and APAC opportunities, asset and wealth management, insurance and risk management, climate action, sustainability reporting standards, generative AI/deep tech, philanthropy, and more. Notable speakers had included, but had not been limited to:

  • Mr Edward Dolman, Executive Chairman and Chief Executive Officer, Phillips Auctioneers
  • Mr J. Christopher Donahue, President & Chief Executive Officer, Federated Hermes, Inc.
  • Mr Antoine Gosset-Grainville, Chairman of the Board of Directors, AXA
  • Dr Fred Hu Zuliu, Founder, Chairman, and CEO, Primavera Capital Group
  • Ms Yimei Li, Chief Executive Officer, China Asset Management Co., Ltd.
  • Prof Justin Yifu Lin, Chief Economist and Senior Vice President, World Bank (2008-2012)
  • H.E. Gilles Roth, Minister of Finance, Luxembourg
  • Prof Stuart Russell, OBE, Co-chair of the World Economic Forum’s Council on AI
  • Mr Yoshiki Takeuchi, Deputy Secretary-General, Organisation for Economic Co-operation and Development (OECD)
  • Mr John Zhao, Chairman, Hony Capital

Alongside the conference programme, the AFF Deal-making had continued to facilitate project owners and investors around the world to explore investment opportunities via one-on-one meetings. The exhibition, which had consisted of the Global Investment Zone, Fintech Showcase, and InnoVenture Salon, had gathered prominent worldwide financial institutions, tech companies, and start-ups to present technologies and innovative business ideas across various sectors, helping businesses from different parts of the world to explore new opportunities.

KPMG Seminar - Thai Tax Reform, and the use of Trust and Hong Kong’s Family Office Offering

KPMG invited our members to the seminar “Thailand Tax Reform, and the Use of Trust and Hong Kong Family Office Offering.” In this seminar, they had discussed the complexities and the impact brought by the upcoming law reforms in Thailand.

Participants had also heard about how to utilize Trust and Hong Kong’s Family Office to enhance overall tax efficiency while managing their family’s wealth and future succession. KPMG had invited keynote speakers to share their insights on the following hot topics:

Thai tax developments and potential legislative reform
The utilization of Trust and Hong Kong Family Office
Family office structures from Thai and Hong Kong tax perspectives

“The Industrial, Commercial and Professional Sectors and National Security” Booklet

This year marks the 5th anniversary of the promulgation and implementation of the Hong Kong National Security Law (HKNSL).  To assist practitioners of the sectors in accurately grasping the essence of the relevant laws on national security, the Industrial, Commercial and Professional Sectors Sub-group (ICPSG) of the Working Group on Constitution, Basic Law and HKNSL under the Constitution and Basic Law Promotion Steering Committee has published “The Industrial, Commercial and Professional Sectors and National Security” Booklet.  The Booklet not only features articles from Ms Melissa Pang (Convenor of the ICPSG), Mr Roden Tong (President of The Law Society of Hong Kong), Mr Stanley Choi (Vice-President of the Hong Kong Chinese Importers’ and Exporters’ Association), Mr Edmond Sy (Member of Hong Kong Basic Law and Macau Basic Law Research Association) and Mr Ken Lee (Council Member of the China Overseas Friendship Association) sharing their experiences and reflections on the 5th Anniversary of the implementation of the HKNSL, it also includes brief Q&As on the HKNSL and the Safeguarding National Security Ordinance.  You are welcome to browse the Booklet via the following links.

 

Traditional Chinese:

https://www.tid.gov.hk/tc/aboutus/boards_and_committees/icpsg/files/Booklet_on_ICP_Sectors_and_National_Security_TC.pdf

 

Simplified Chinese:

https://www.tid.gov.hk/sc/aboutus/boards_and_committees/icpsg/files/Booklet_on_ICP_Sectors_and_National_Security_SC.pdf

 

English:

https://www.tid.gov.hk/en/aboutus/boards_and_committees/icpsg/files/Booklet_on_ICP_Sectors_and_National_Security_EN.pdf

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