Latest news with #GlobalProsperitySummit
South China Morning Post
2 days ago
- Business
- South China Morning Post
Industry experts endorse Hong Kong's potential as commercial space hub
Experts at the Global Prosperity Summit 2025, held recently in Hong Kong, suggested the city could become a space innovation hub, capitalising on its role as a 'superconnector' to develop business opportunities with mainland China while leading a global consensus on aerospace regulations. Exchanging views at the summit, a panel of experts discussed 'The Promise of Space – Breakthroughs and Potential', highlighting the mainland's emerging space technologies – including the rise of the BeiDou navigation satellite system (BDS) – which present significant opportunities for Hong Kong. The panel emphasised Hong Kong's ability to draw space investment firms, given the rise in private funding for space ventures and the demand for capital. One of the speakers, Adam Janikowski, founder and managing director of BDJ Capital, said: 'Hong Kong has a major advantage with its rule of law, and many other advantages. It has its location, its partnerships, its alliances.' He added that there were 'over 140 private commercial space companies active in China since 2020', and over the last four years, more than 15 trillion yuan (US$2.1 trillion) has been raised through a significant number of financing rounds. 'We need to establish new space programmes, and we need to leverage and combine our strengths as a superconnector. Hong Kong is [located] between the Greater Bay Area, between our trade alliances, and has this incredible advantage,' he said, stressing that there is a strong opportunity for the city to become a commercial space hub.
Korea Herald
23-05-2025
- Business
- Korea Herald
Global Prosperity Summit 2025 successfully concludes
Event underscores Hong Kong's bridging role, contributions in people-to-people diplomacy HONG KONG, May 21, 2025 /PRNewswire/ -- Global Prosperity Summit 2025 (GPS2025), jointly organised by Savantas Policy Institute, the Shanghai Institutes for International Studies and the European Chamber of Commerce in Hong Kong, came to a close today following two days of insightful discussions by distinguished leaders and experts from around the world on the most pressing issues impacting global prosperity. The event also underscored Hong Kong's bridging role and soft power in advancing people-to-people diplomacy and facilitating dialogue for addressing geopolitical issues. Mrs Regina Ip, Chairperson of the Board of Governors of the Savantas Policy Institute, said that the final two panel discussions at this year's Global Prosperity Summit focused on climate change and sustainable development, as well as Hong Kong's role. Quoting speakers at the event, she underscored the importance of enhancing efforts to showcase Hong Kong's cultural richness and achievements to the global audience, for the world to see the city's diverse identity, so that Hong Kong can fully demonstrate its role as a bridge, and continue to play a unique role on the international stage. Today's programme began with the first panel discussion on "Climate Change and Sustainable Development", a panel that brought together international experts for an in-depth exploration of issues such as climate change and green transformation. The Summit then concluded with "Hong Kong's Bridging Role in a Changing World", where international relations experts from the United Kingdom and United States shared their unique perspectives and insights. (Key points from these discussions can be found in the Annex.) Regarding the many strengths of Hong Kong, Ambassador Craig Allen, Senior Counselor, The Cohen Group, noted that "Hong Kong has some of the greatest entrepreneurs in the world"; "The financial markets are superb"; and "diversity is Hong Kong's strength." Sir Sherard Cowper-Coles KCMG LVO, Chair, China-Britain Business Council and Senior Adviser to the Group, HSBC Holdings plc, also pointed out that "I've always thought that Hong Kong undersells itself, not realizing its extraordinary assets, which in this time and this world, make it exceptionally well-placed. I think I'm right in saying that 70% of the foreign direct investment coming out of China goes through Hong Kong, 60% of the incoming investment into China comes through this territory. Britain does about as much trade with Hong Kong as we do with Japan." He also said "You only have to walk through Central, dance in Lan Kwai Fong, do what you always do in Hong Kong, to know that it is special and different and will remain so. So I say to my friends from Hong Kong here - keep selling Hong Kong. Be confident that it is what the mainland wants, it is what the leadership wants, and it is what the leadership will support." The organisers of GPS2025 said they are grateful to the speakers and experts who came to Hong Kong from the mainland and countries across the globe to share their profound insights and forward-thinking perspectives. They added that the summit will continue to invite renowned experts with a view to fostering global prosperity and strengthening cross-region and cross-sector collaboration. About Global Prosperity Summit Global Prosperity Summit was initiated by a group of business, academic and experts in Hong Kong to provide a platform for frank, objective and rational discussion of dominant issues impacting global prosperity. The inaugural Summit was held in Hong Kong in 2024. About Savantas Policy Institute Savantas Policy Institute (SPI) was founded in 2006 by a group of Hong Kong belongers with overseas experience who care deeply about Hong Kong. The core vision of SPI is to enhance Hong Kong's transformation into a knowledge-based economy. SPI engages mainly in conducting public policy research and analysis and recommending appropriate long-term developmental strategies, as well as promoting public understanding of and participation in the economic and social development of the Hong Kong Special Administrative Region. About Shanghai Institutes for International Studies Established in 1960, Shanghai Institutes for International Studies (SIIS) has played a crucial role in conducting strategic research, providing policy recommendations and contributing to the understanding of international politics, economics, security and other related fields. It has evolved into an important institution informing and shaping China's foreign policy and global engagement and has been accredited as one of the most influential think tanks in China and around the world. About European Chamber of Commerce in Hong Kong Initiated in 1997, the European Chamber of Commerce in Hong Kong (EuroCham) is a non-governmental business interest group. The EuroCham is a 'Chamber of Chambers' with its membership comprising 16 European Chambers based in Hong Kong. The appointed representatives of these chambers make up EuroCham's Board of Directors. Over 1,600 European companies are operating in Hong Kong. In 2019, Europe maintained its position as Hong Kong's second-largest trading partner after mainland China and Hong Kong's second-largest export destination and third-largest import supplier.
Yahoo
20-05-2025
- Business
- Yahoo
Global Prosperity Summit 2025 highlights Hong Kong's role as a super-connector as experts from around the world convene to discuss space innovation, AI and the trade war
HONG KONG, May 20, 2025 /PRNewswire/ -- Today marked the opening of the 2025 edition of Global Prosperity Summit (GPS2025), Hong Kong's first-ever conference designed to address the most important geopolitical issues facing the world. Following the success of last year's inaugural event, GPS2025 is reinforcing the city's position as a super-connector by bringing together renowned academic and international experts from across the globe to exchange views on subjects that are impacting global prosperity. The co-organisers said they are honoured that Mr Wu Hailong, President of The China Public Diplomacy Association, delivered the keynote address to kick off GPS2025. Speaking during the keynote address, "China's Worldview", Mr Wu said: "There are mainly four trends on the international landscape: the rise of China, the fault line in U.S.-West relations, the rise of the Global South and the shift of the world's centre of gravity to Asia." "On Sino-US relations, China will continue to adhere to the principles of mutual respect, peaceful coexistence and win-win cooperation. At the same time, we hope the United States can recognise the broader trajectory of historical progress and view China's growth objectively." "On Sino-EU relations, this year marks the 50th anniversary of China-EU diplomatic relations. China retains its confidence in Europe and believes Europe can be a cooperation partner. The two sides have the capability and wisdom to address existing issues properly and pave the way together for another promising 50 years." "Amid the current global transformation, a new force is emerging, and that is the Global South. Today, the Global South accounts for over 40 percent of global economic output and contributes 80 percent of global growth. It is a pivotal force in safeguarding peace, driving development and advancing global governance. It is reshaping the global political and economic landscapes while causing a historical shift in the global balance of power. A trend is taking shape with the 'rise of the South and decline of the North'. Increasingly, Global South countries are gaining voice and influence in international affairs." "As long as we uphold the vision of a shared home, remain committed to building a community with a shared future for mankind and approach issues through equal-footed consultation and mutual accommodation, no problem is unsolvable." Following the keynote address were three panel discussions: "The Promise of Space – Breakthroughs and Potential", "AI and the Future of Work", and "Trade War, Hot Wars and the Global Economy". During the panel on trade war, speakers said they consider communications and cooperation to be important in managing the issue going forward. (Highlights of the panel discussions are enclosed in the Annex.) Mrs Regina Ip, Chairperson of the Board of Governors of the Savantas Policy Institute, said, "Global Prosperity Summit is a joint effort by the government, think tanks and chambers of commerce to tell the true story of Hong Kong and help the world recognise the unique role Hong Kong can play in bridging divides and reducing differences." In addition to the Savantas Policy Institute and Shanghai Institutes for International Studies, the European Chamber of Commerce in Hong Kong has joined as a co-organiser this year. GPS2025 is being held from 19 May to 21 May 2025 at The Fullerton Ocean Park Hotel Hong Kong. Participants include renowned scholars and experts from mainland China, Europe, North America and Asia, who have arrived in Hong Kong to exchange views and share suggestions on the critical issues that are affecting global development the most. GPS2025 continues tomorrow with two more panel discussions, "Climate Change and Sustainable Development" and "Hong Kong's Bridging Role in a Changing World". About Global Prosperity Summit Global Prosperity Summit was initiated by a group of business, academic and experts in Hong Kong to provide a platform for frank, objective and rational discussion of dominant issues impacting global prosperity. The inaugural Summit was held in Hong Kong in 2024. About Savantas Policy Institute Savantas Policy Institute (SPI) was founded in 2006 by a group of Hong Kong belongers with overseas experience who care deeply about Hong Kong. The core vision of SPI is to enhance Hong Kong's transformation into a knowledge-based economy. SPI engages mainly in conducting public policy research and analysis and recommending appropriate long-term developmental strategies, as well as promoting public understanding of and participation in the economic and social development of the Hong Kong Special Administrative Region. About Shanghai Institutes for International Studies Established in 1960, Shanghai Institutes for International Studies (SIIS) has played a crucial role in conducting strategic research, providing policy recommendations and contributing to the understanding of international politics, economics, security and other related fields. It has evolved into an important institution informing and shaping China's foreign policy and global engagement and has been accredited as one of the most influential think tanks in China and around the world. About European Chamber of Commerce in Hong Kong Initiated in 1997, the European Chamber of Commerce in Hong Kong (EuroCham) is a non-governmental business interest group. The EuroCham is a 'Chamber of Chambers' with its membership comprising 16 European Chambers based in Hong Kong. The appointed representatives of these chambers make up EuroCham's Board of Directors. Over 1,600 European companies are operating in Hong Kong. In 2019, Europe maintained its position as Hong Kong's second-largest trading partner after mainland China and Hong Kong's second-largest export destination and third-largest import supplier. View original content to download multimedia: SOURCE Savantas Policy Institute Limited 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
Korea Herald
20-05-2025
- Business
- Korea Herald
Global Prosperity Summit 2025 highlights Hong Kong's role as a super-connector as experts from around the world convene to discuss space innovation, AI and the trade war
HONG KONG, May 20, 2025 /PRNewswire/ -- Today marked the opening of the 2025 edition of Global Prosperity Summit (GPS2025), Hong Kong's first-ever conference designed to address the most important geopolitical issues facing the world. Following the success of last year's inaugural event, GPS2025 is reinforcing the city's position as a super-connector by bringing together renowned academic and international experts from across the globe to exchange views on subjects that are impacting global prosperity. The co-organisers said they are honoured that Mr Wu Hailong, President of The China Public Diplomacy Association, delivered the keynote address to kick off GPS2025. Speaking during the keynote address, "China's Worldview", Mr Wu said: Following the keynote address were three panel discussions: "The Promise of Space – Breakthroughs and Potential", "AI and the Future of Work", and "Trade War, Hot Wars and the Global Economy". During the panel on trade war, speakers said they consider communications and cooperation to be important in managing the issue going forward. (Highlights of the panel discussions are enclosed in the Annex.) Mrs Regina Ip, Chairperson of the Board of Governors of the Savantas Policy Institute, said, "Global Prosperity Summit is a joint effort by the government, think tanks and chambers of commerce to tell the true story of Hong Kong and help the world recognise the unique role Hong Kong can play in bridging divides and reducing differences." In addition to the Savantas Policy Institute and Shanghai Institutes for International Studies, the European Chamber of Commerce in Hong Kong has joined as a co-organiser this year. GPS2025 is being held from 19 May to 21 May 2025 at The Fullerton Ocean Park Hotel Hong Kong. Participants include renowned scholars and experts from mainland China, Europe, North America and Asia, who have arrived in Hong Kong to exchange views and share suggestions on the critical issues that are affecting global development the most. GPS2025 continues tomorrow with two more panel discussions, "Climate Change and Sustainable Development" and "Hong Kong's Bridging Role in a Changing World". Global Prosperity Summit was initiated by a group of business, academic and experts in Hong Kong to provide a platform for frank, objective and rational discussion of dominant issues impacting global prosperity. The inaugural Summit was held in Hong Kong in 2024. About Savantas Policy Institute Savantas Policy Institute (SPI) was founded in 2006 by a group of Hong Kong belongers with overseas experience who care deeply about Hong Kong. The core vision of SPI is to enhance Hong Kong's transformation into a knowledge-based economy. SPI engages mainly in conducting public policy research and analysis and recommending appropriate long-term developmental strategies, as well as promoting public understanding of and participation in the economic and social development of the Hong Kong Special Administrative Region. About Shanghai Institutes for International Studies Established in 1960, Shanghai Institutes for International Studies (SIIS) has played a crucial role in conducting strategic research, providing policy recommendations and contributing to the understanding of international politics, economics, security and other related fields. It has evolved into an important institution informing and shaping China's foreign policy and global engagement and has been accredited as one of the most influential think tanks in China and around the world. About European Chamber of Commerce in Hong Kong Initiated in 1997, the European Chamber of Commerce in Hong Kong (EuroCham) is a non-governmental business interest group. The EuroCham is a 'Chamber of Chambers' with its membership comprising 16 European Chambers based in Hong Kong. The appointed representatives of these chambers make up EuroCham's Board of Directors. Over 1,600 European companies are operating in Hong Kong. In 2019, Europe maintained its position as Hong Kong's second-largest trading partner after mainland China and Hong Kong's second-largest export destination and third-largest import supplier.
Yahoo
20-05-2025
- Business
- Yahoo
Global Prosperity Summit 2025 highlights Hong Kong's role as a super-connector as experts from around the world convene to discuss space innovation, AI and the trade war
HONG KONG, May 20, 2025 /PRNewswire/ -- Today marked the opening of the 2025 edition of Global Prosperity Summit (GPS2025), Hong Kong's first-ever conference designed to address the most important geopolitical issues facing the world. Following the success of last year's inaugural event, GPS2025 is reinforcing the city's position as a super-connector by bringing together renowned academic and international experts from across the globe to exchange views on subjects that are impacting global prosperity. The co-organisers said they are honoured that Mr Wu Hailong, President of The China Public Diplomacy Association, delivered the keynote address to kick off GPS2025. Speaking during the keynote address, "China's Worldview", Mr Wu said: "There are mainly four trends on the international landscape: the rise of China, the fault line in U.S.-West relations, the rise of the Global South and the shift of the world's centre of gravity to Asia." "On Sino-US relations, China will continue to adhere to the principles of mutual respect, peaceful coexistence and win-win cooperation. At the same time, we hope the United States can recognise the broader trajectory of historical progress and view China's growth objectively." "On Sino-EU relations, this year marks the 50th anniversary of China-EU diplomatic relations. China retains its confidence in Europe and believes Europe can be a cooperation partner. The two sides have the capability and wisdom to address existing issues properly and pave the way together for another promising 50 years." "Amid the current global transformation, a new force is emerging, and that is the Global South. Today, the Global South accounts for over 40 percent of global economic output and contributes 80 percent of global growth. It is a pivotal force in safeguarding peace, driving development and advancing global governance. It is reshaping the global political and economic landscapes while causing a historical shift in the global balance of power. A trend is taking shape with the 'rise of the South and decline of the North'. Increasingly, Global South countries are gaining voice and influence in international affairs." "As long as we uphold the vision of a shared home, remain committed to building a community with a shared future for mankind and approach issues through equal-footed consultation and mutual accommodation, no problem is unsolvable." Following the keynote address were three panel discussions: "The Promise of Space – Breakthroughs and Potential", "AI and the Future of Work", and "Trade War, Hot Wars and the Global Economy". During the panel on trade war, speakers said they consider communications and cooperation to be important in managing the issue going forward. (Highlights of the panel discussions are enclosed in the Annex.) Mrs Regina Ip, Chairperson of the Board of Governors of the Savantas Policy Institute, said, "Global Prosperity Summit is a joint effort by the government, think tanks and chambers of commerce to tell the true story of Hong Kong and help the world recognise the unique role Hong Kong can play in bridging divides and reducing differences." In addition to the Savantas Policy Institute and Shanghai Institutes for International Studies, the European Chamber of Commerce in Hong Kong has joined as a co-organiser this year. GPS2025 is being held from 19 May to 21 May 2025 at The Fullerton Ocean Park Hotel Hong Kong. Participants include renowned scholars and experts from mainland China, Europe, North America and Asia, who have arrived in Hong Kong to exchange views and share suggestions on the critical issues that are affecting global development the most. GPS2025 continues tomorrow with two more panel discussions, "Climate Change and Sustainable Development" and "Hong Kong's Bridging Role in a Changing World". About Global Prosperity Summit Global Prosperity Summit was initiated by a group of business, academic and experts in Hong Kong to provide a platform for frank, objective and rational discussion of dominant issues impacting global prosperity. The inaugural Summit was held in Hong Kong in 2024. About Savantas Policy Institute Savantas Policy Institute (SPI) was founded in 2006 by a group of Hong Kong belongers with overseas experience who care deeply about Hong Kong. The core vision of SPI is to enhance Hong Kong's transformation into a knowledge-based economy. SPI engages mainly in conducting public policy research and analysis and recommending appropriate long-term developmental strategies, as well as promoting public understanding of and participation in the economic and social development of the Hong Kong Special Administrative Region. About Shanghai Institutes for International Studies Established in 1960, Shanghai Institutes for International Studies (SIIS) has played a crucial role in conducting strategic research, providing policy recommendations and contributing to the understanding of international politics, economics, security and other related fields. It has evolved into an important institution informing and shaping China's foreign policy and global engagement and has been accredited as one of the most influential think tanks in China and around the world. About European Chamber of Commerce in Hong Kong Initiated in 1997, the European Chamber of Commerce in Hong Kong (EuroCham) is a non-governmental business interest group. The EuroCham is a 'Chamber of Chambers' with its membership comprising 16 European Chambers based in Hong Kong. The appointed representatives of these chambers make up EuroCham's Board of Directors. Over 1,600 European companies are operating in Hong Kong. In 2019, Europe maintained its position as Hong Kong's second-largest trading partner after mainland China and Hong Kong's second-largest export destination and third-largest import supplier. View original content to download multimedia: SOURCE Savantas Policy Institute Limited
