Hong Kong and Middle East: Partnering for Success
HONG KONG SAR - Media OutReach Newswire - 24 May 2025 - Chief Executive of the Hong Kong Special Administrative Region (HKSAR), John Lee, hailed as a 'success' his recent visit to the Middle East (May 10-15), where he led a delegation of more than 50 business leaders and entrepreneurs from Hong Kong and Mainland China on a visit to Qatar and Kuwait.
[VIDEO]
'This Middle East visit has elevated Hong Kong's relations with Qatar and Kuwait to a new level, bringing more business opportunities to Hong Kong,' Mr Lee said.
Summing up the trip, the Chief Executive said the delegation had achieved three key objectives: to strengthen government-to-government relations; to find new areas of collaboration; and to make friends and extend networks in the region.
'We share a common commitment to deepening bilateral co-operation in trade, investment and cultural exchanges,' Mr Lee said, noting his roundtable discussion with senior Kuwaiti officials hosted by the Acting Prime Minister of Kuwait His Excellency Sheikh Fahad Yousuf Saud Al-Sabah.
The Chief Executive highlighted six particularly successful areas of the trip.
First, strengthening relations with the governments of Qatar and Kuwait, and building consensus for collaboration.
Second, reaching a total of 59 memoranda of understanding (MOUs) and agreements (35 in Qatar and 24 in Kuwait), laying a diversified foundation for multifaceted co-operation.
Third, leveraging Hong Kong's strengths under 'one country, two systems' as a 'super connector' and 'super value-adder', bridging global opportunities and linking the Mainland and the world.
Fourth, bolstering ties between Hong Kong and the Gulf Cooperation Council (GCC) member states. The Chief Executive, together with his previous Middle East mission to Saudi Arabia and the United Arab Emirates in 2023, has visited four of the six GCC member states. 'The HKSAR Government is now actively exploring a free trade agreement with the GCC to further access this vital market,' Mr Lee said.
Fifth, deepening mutual understanding and strengthening business networks and connections by promoting the strengths and opportunities of Hong Kong and Mainland China to partners in Qatar and Kuwait.
Sixth, advancing cultural exchanges and people-to-people connections with GCC countries.
'Middle East countries are seeking diversification of risks and looking for opportunities in (Mainland) China and the HKSAR in order to join the tide of the global economic shift towards the East,' Mr Lee said.
'In this, Hong Kong has boundless opportunities.'
Hashtag: #hongkong #brandhongkong #asiasworldcity #collaboration #partnering #middleeast #beltandroad #kuwait #qatar
https://www.brandhk.gov.hk/
https://www.linkedin.com/company/brand-hong-kong/
https://x.com/Brand_HK/
https://www.facebook.com/brandhk.isd
https://www.instagram.com/brandhongkong
The issuer is solely responsible for the content of this announcement.
Hashtags

Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Yahoo
2 hours ago
- Yahoo
Asian Penny Stocks: YH Entertainment Group And Two Other Promising Picks
As global markets continue to navigate complex economic landscapes, Asian stocks have captured the attention of investors seeking new opportunities. Penny stocks, often representing smaller or newer companies, remain an intriguing area for those looking to uncover potential value. Despite its historical connotations, the term 'penny stock' still signifies a sector where solid financials can lead to significant returns. In this article, we explore three such stocks that combine balance sheet strength with promising prospects in the Asian market. Name Share Price Market Cap Financial Health Rating YKGI (Catalist:YK9) SGD0.10 SGD42.5M ★★★★★★ Lever Style (SEHK:1346) HK$1.16 HK$731.9M ★★★★★★ TK Group (Holdings) (SEHK:2283) HK$2.06 HK$1.72B ★★★★★★ CNMC Goldmine Holdings (Catalist:5TP) SGD0.43 SGD174.27M ★★★★★☆ Goodbaby International Holdings (SEHK:1086) HK$1.23 HK$2.05B ★★★★★★ Halcyon Technology (SET:HTECH) THB2.64 THB792M ★★★★★★ Yangzijiang Shipbuilding (Holdings) (SGX:BS6) SGD2.31 SGD9.09B ★★★★★☆ Beng Kuang Marine (SGX:BEZ) SGD0.184 SGD36.66M ★★★★★★ BRC Asia (SGX:BEC) SGD3.14 SGD861.46M ★★★★★★ Bosideng International Holdings (SEHK:3998) HK$4.56 HK$52.24B ★★★★★★ Click here to see the full list of 1,148 stocks from our Asian Penny Stocks screener. Let's uncover some gems from our specialized screener. Simply Wall St Financial Health Rating: ★★★★★★ Overview: YH Entertainment Group, with a market cap of HK$2.21 billion, primarily operates in artist management in Mainland China and Korea. Operations: The company's revenue is primarily derived from Artist Management at CN¥694.57 million, supplemented by Pan-Entertainment Business and Music IP Production and Operation, contributing CN¥27.76 million and CN¥42.21 million respectively. Market Cap: HK$2.21B YH Entertainment Group, with a market cap of HK$2.21 billion, has shown significant improvement in financial performance, transitioning from a net loss to a net profit of CN¥46.94 million for 2024. This turnaround is attributed to reduced equity-settled share-based payments and the absence of fair value losses following its Hong Kong listing. The company's debt is well covered by operating cash flow, and it holds more cash than total debt, indicating strong liquidity management. However, the stock price remains highly volatile and the board's average tenure suggests limited experience, which could impact strategic stability. Jump into the full analysis health report here for a deeper understanding of YH Entertainment Group. Evaluate YH Entertainment Group's historical performance by accessing our past performance report. Simply Wall St Financial Health Rating: ★★★★★☆ Overview: Ju Teng International Holdings Limited is an investment holding company that manufactures and sells casings for notebook computers and handheld devices in China and internationally, with a market cap of HK$1.17 billion. Operations: The company generates revenue of HK$6.03 billion from its operations in manufacturing and selling casings for notebook computers and handheld devices. Market Cap: HK$1.17B Ju Teng International Holdings, with a market cap of HK$1.17 billion, is currently unprofitable, facing increased losses over the past five years. The company's net loss for 2024 was HK$529.89 million due to declining sales and low production utilization rates, exacerbated by shifts in manufacturing locations by major clients. Despite this, its debt management remains satisfactory with a net debt to equity ratio of 26.3%, and short-term assets exceed both short- and long-term liabilities. Recent board changes may influence corporate governance as experienced members retire and new leadership takes on key roles in committees. Dive into the specifics of Ju Teng International Holdings here with our thorough balance sheet health report. Gain insights into Ju Teng International Holdings' historical outcomes by reviewing our past performance report. Simply Wall St Financial Health Rating: ★★★★★★ Overview: Dongguan Rural Commercial Bank Co., Ltd. offers a range of banking products and services in China, with a market capitalization of approximately HK$23.83 billion. Operations: Revenue Segments: No specific revenue segments are reported for this company. Market Cap: HK$23.83B Dongguan Rural Commercial Bank, with a market capitalization of HK$23.83 billion, has experienced a decline in earnings growth over the past year, reporting net income of CNY 1,633.18 million for Q1 2025 compared to CNY 1,919.47 million the previous year. The bank's financial health is supported by an appropriate Loans to Assets ratio of 52% and a sufficient allowance for bad loans at 207%. Despite stable weekly volatility and high-quality past earnings, its Return on Equity remains low at 7.3%. Recent dividend decreases and board changes could impact future strategic decisions and shareholder returns. Click to explore a detailed breakdown of our findings in Dongguan Rural Commercial Bank's financial health report. Examine Dongguan Rural Commercial Bank's earnings growth report to understand how analysts expect it to perform. Get an in-depth perspective on all 1,148 Asian Penny Stocks by using our screener here. Seeking Other Investments? Outshine the giants: these 25 early-stage AI stocks could fund your retirement. This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Companies discussed in this article include SEHK:2306 SEHK:3336 and SEHK:9889. This article was originally published by Simply Wall St. Have feedback on this article? Concerned about the content? with us directly. Alternatively, email editorial-team@ Error al recuperar los datos Inicia sesión para acceder a tu cartera de valores Error al recuperar los datos Error al recuperar los datos Error al recuperar los datos Error al recuperar los datos
Yahoo
2 hours ago
- Yahoo
Prime Success Sends Letter to Sinovac Biotech Shareholders
Details Why Change is Needed on Sinovac's Board in Order to Restore Company's Previous Success and Reverse Value-Destructive Path Taken Under Current Board Affirms Commitment to Seeing Company Reinstate Trading on the NASDAQ, Fairly Issue Dividends and Overhaul Corporate Governance Encourages Shareholders to Support Slate of Director Nominees Proposed by SAIF for Election at Upcoming July 8 Special Meeting For More Information, Visit HONG KONG, June 10, 2025--(BUSINESS WIRE)--Prime Success L.P., (together with its affiliates, "Prime Success" or "we"), a significant shareholder of Sinovac Biotech Ltd. (NASDAQ: SVA) ("Sinovac" or the "Company") with ownership of approximately 8% of the Company's outstanding shares, today issued a letter to shareholders in connection with the upcoming Special Meeting of Shareholders (the "Special Meeting") scheduled for July 8, 2025. The full text of the letter can be viewed here and by visiting In its letter, Prime Success outlines the need for change on Sinovac's Board of Directors (the "Board") and presents key reasons to support the election of SAIF Partners IV L.P.'s ("SAIF") nominees, who are committed to taking the following value-enhancing actions: Oversee a fair, equitable, and timely distribution of cash dividends, including fully supporting the payment of the announced dividend of approximately $55 per share to all shareholders, but also actively advocating for the distribution of future dividends from the subsidiaries. Prime Success wants to ensure that the value accumulated in the Company under the management team's leadership over the years is rightfully returned to all shareholders in a timely manner. Reinstate normal trading of the Company's shares on NASDAQ and stabilize operations by resolving the uncertainty created by the current Board and taking steps to put the external auditor back on track. Overhaul governance and rebuild investor trust by adhering to corporate governance best practices, promoting greater transparency and enhancing board accountability. Lay the groundwork for sustainable long-term growth by leveraging the candidates' independence, backgrounds, and expertise to support the Company's continued development and expansion. Prime Success contrasts this with the current Sinovac Board members, who have: Taken actions leading to and prolonging the 2019 NASDAQ halt of trading in the Company's shares, significantly harming Sinovac's growth. Impeded the Company's ability to issue dividends over the past seven years through prolonged litigation stemming from 1Globe Capital LLC's ("1Globe") undisclosed efforts to seize board control, causing significant shareholder harm. Wasted Company resources on multiple lawsuits across various forums at the broader shareholder base's expense. Weaponized Sinovac's allocation of capital as part of their attempt to invalidate the shares of long-term investors by attempting an unjust and potentially unlawful scheme of dividend distribution. Prioritized personal interests over fiduciary obligations to all shareholders by seeking to void the Company's contractual obligations to benefit current Board members. Created significant operational uncertainty by attempting to invalidate the decisions made by the prior Board that directly led to the Company's tremendous global commercial success in the past few years, resulting in the resignation of Sinovac's external auditor. Alienated management to such a significant degree that the Sinovac management team issued an unprecedented public statement calling for a new Board election.1 Appointed directors with flawed ethics through questionable and potentially unlawful procedures, resulting in disproportionate representation of investors and eroding shareholder trust. Prime Success shares its belief that supporting SAIF's slate is essential for the future success of Sinovac and encourages shareholders to wait for and read SAIF's proxy materials before voting for the Special Meeting on July 8, 2025. About Prime Success, L.P. Prime Success is an investment vehicle established by Advantech Capital specifically to invest in Sinovac and Sinovac Life Sciences; Advantech Capital is a private equity fund established in 2016 with a focus on innovation-driven growth opportunities in China. ____________________________________ 1 Press Release: SINOVAC Management Statement Regarding Auditor Resignation (April 22, 2025) View source version on Contacts Media Contact Longacre Square PartnersDan Zacchei / Miller Winstonadvantech@ Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data


Bloomberg
3 hours ago
- Bloomberg
Soy-Sauce Maker Foshan Haitian Starts Taking Orders for Up to $1.2 Billion Hong Kong IPO
Foshan Haitian Flavouring & Food Co. began taking investor orders for a Hong Kong initial public offering that could raise as much as HK$9.56 billion ($1.2 billion), the latest big listing powering the city's share-sale recovery this year. The Chinese maker of soy sauce and other condiments is offering 263 million shares at HK$35 to HK$36.30 each, according to a listing document Wednesday.