logo
Hong Kong eyes pharmaceutical plant tours for ‘industrial brand' tourism

Hong Kong eyes pharmaceutical plant tours for ‘industrial brand' tourism

Hong Kong is in talks with pharmaceutical firms to allow tourists to explore their manufacturing facilities as part of its 'industrial brand' tourism drive to attract visitors with in-depth travel experiences.
Deputy Chief Secretary Warner Cheuk Wing-hing revealed the plan on Saturday as authorities sought to attract more visitors through a series of 'hotspot projects' to offer travel experiences that go beyond the usual shopping and sightseeing.
The push is being led by the government's Working Group on Developing Tourist Hotspots and comprises nine projects across the city, with a focus on offering visitors unique insights into the city's culture, heritage and natural beauty.
As part of the plan, the city is also set to launch its 'Hong Kong industrial brand tourism' project in the third quarter of 2025, which will feature sauce makers Lee Kum Kee and Pat Chun, bread and pastry producer Kee Wah and Japanese fermented drink maker Yakult.
With the help of travel agents, tourists will get the chance to tour the companies' factories, experience how their products are made and even take home some souvenirs.
'These firms are all the success stories of Hong Kong's entrepreneurial spirit, which is very inspiring,' said Cheuk, who chairs the working group.
'The firms that we've been in touch with are not limited to these four. Actually we've also approached pharmaceutical companies, who are currently considering their participation.'

Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

China's firms invest more efficiently when facing ‘trade shocks': researchers
China's firms invest more efficiently when facing ‘trade shocks': researchers

South China Morning Post

time3 hours ago

  • South China Morning Post

China's firms invest more efficiently when facing ‘trade shocks': researchers

Chinese firms tend to invest more efficiently when facing higher duties or import restrictions, according to a study that highlights an unexpected benefit of tariffs by analysing data from before the two trade wars with the United States. Published in the peer-reviewed Journal of Corporate Finance, the paper examined more than 2,700 listed firms in China, their financial and accounting data from 2003 to 2016, and the trade barriers imposed on the country during this period. The paper was released in April when Chinese exporters faced renewed trade turbulence, with the world's two largest economies imposing triple-digit tariffs on each other – before agreeing to a 90-day truce in May. The European Union has also levied anti-subsidy duties on Chinese electric vehicles. Trade defence instruments (TDIs), such as anti-dumping or countervailing duties, have largely prompted Chinese companies to allocate capital more effectively, according to the paper. This was especially true for cash-rich firms that lacked strong governance, where unchecked investments had been more common. 'Our findings reveal a nuanced dynamic, showing that trade protection measures, such as TDIs, can have complex and counterintuitive effects on target firms' resource allocation and the broader economy.' The authors called trade shocks an 'external disciplining mechanism' that reduces free cash flow and curbs overinvestment, where excessive resources are poured into underperforming projects.

More investor attention coming to China advancements in AI, humanoid tech: Morgan Stanley
More investor attention coming to China advancements in AI, humanoid tech: Morgan Stanley

South China Morning Post

time4 hours ago

  • South China Morning Post

More investor attention coming to China advancements in AI, humanoid tech: Morgan Stanley

China's advancements in artificial intelligence (AI) and humanoid technology will continue to capture the imaginations of investors as the world turns its focus to the region, according to Morgan Stanley 's director of pan-Asia research. Advertisement 'The DeepSeek announcement has shifted the fundamental discussion about China to technological innovation,' said Magdalena Stoklosa in an interview last month. 'This theme is multi-year and incredibly important.' Her team identified technological diffusion and the spread of AI across economies as key long-term research themes. AI start-up DeepSeek's breakthroughs earlier this year in large-language models sparked a rally in Chinese stocks. In February, the US investment bank upgraded Chinese stocks to equal weight from underweight, due to improving valuations and a significant shift towards new-economy companies. 'We still see that China is underweight from a perspective of global emerging markets positioning and it should effectively be at least close,' Stoklosa said. Advertisement Over the next 12 to 18 months, she said it was important to keep an eye on how various AI models work, spread through the economy and become monetised. 'In China, the discussion is layered with government support for AI infrastructure, a thriving innovation scene with start-ups, mega industry players, and a strategic push to build open-source models that make access to AI quicker and more affordable for many corporations,' she added.

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into the world of global news and events? Download our app today from your preferred app store and start exploring.
app-storeplay-store