Latest news with #KongSpecialAdministrativeRegion
The Star
11 hours ago
- Business
- The Star
Hong Kong's total goods exports, imports see double-digit growth in first 5 months
HONG KONG, June 26 (Xinhua) -- In the first five months of 2025, the value of total exports of goods increased 12.6 percent year-on-year, and the value of imports of goods rose 12.9 percent year-on-year, the Hong Kong Special Administrative Region (HKSAR) government said on Thursday. According to the latest external merchandise trade statistics released by the Census and Statistics Department of the HKSAR government, in May 2025, the total value of Hong Kong's exports and imports rose 15.5 percent and 18.9 percent year-on-year, respectively. A spokesperson for the HKSAR government said that the value of merchandise exports continued to show resilience. Exports to the mainland and most other Asian markets grew visibly further. Exports to the European Union turned to moderate growth, while those to the United States fell. Looking ahead, a sustained steady growth in the mainland economy and Hong Kong's enhanced economic and trade ties with different markets should render support to trade performance, the spokesperson added.
Arab Times
07-05-2025
- Business
- Arab Times
Business delegation led by Hong Kong Chief Executive visiting Kuwait to foster strategic cooperation in business & investment
KUWAIT CITY, May 7: A high-level business delegation led by John KC Lee, Chief Executive of the Hong Kong Special Administrative Region of the People's Republic of China (HKSAR), and organised by the Hong Kong Trade Development Council (HKTDC) will visit the State of Kuwait from 13 to 15 May, 2025 to promote Hong Kong as a two-way platform between Mainland China and the world and to explore new avenues of cooperation aligned with the Belt and Road Initiative and Kuwait Vision 2035. This landmark visit, the first to involve representatives from Mainland China, underscores Hong Kong's role as a global hub for finance, trade, investment, and cultural exchange. The delegation – consisting of over 50 senior representatives from Hong Kong and the mainland – will engage with local chambers of commerce and key corporations to explore collaboration, investment, and mutual growth opportunities. The highlight of the visit will be the signing of several Memoranda of Understanding (MoUs). This three-day visit reflects Hong Kong's efforts to promote cooperation between Hong Kong, the Mainland, and the Middle East. Additionally, the visit aims to deepen economic and trade relations and enhance cultural exchange while exploring opportunities in the Guangdong-Hong Kong-Macao Greater Bay Area (GBA) through mutually beneficial collaboration. Delegates will explore emerging sectors such as innovation and technology, transportation, new energy, and sustainable development, in addition to traditional industries like finance, trade, logistics, and professional services. In 2024, as part of its efforts to strengthen bilateral trade, investment opportunities, and strategic alliances, Hong Kong deepened its ties with Kuwait, which ranked as its sixth-largest Middle East trading partner, and its fifth-largest export market and seventh-largest import market in the region. Dr. Peter K N Lam, Chairman of the Hong Kong Trade Development Council, remarked: 'The inclusion of Mainland Chinese enterprise delegates in this Mission marks a new chapter in our global outreach strategy. It underscores Hong Kong's unique role as a bridge between the mainland and the Middle East. Through this mission, we aim to unlock new avenues of cooperation with local partners under the ambitious framework of Kuwait Vision 2035, leveraging Hong Kong's world-class strengths in financial and professional services. At the same time, we are committed to fostering cross-regional collaboration not only in traditional sectors such as finance, trade, logistics, and professional services, but also in emerging fields, ranging from innovation and smart city development to sustainability, new energy, green buildings, and waste reduction. We believe this visit lays a strong foundation for a deeper, future-focused partnership between Hong Kong, the mainland, and the Middle East.' This mission represents a significant step in strengthening economic ties between Hong Kong and Kuwait, reinforcing shared interests and laying the groundwork for long-term strategic cooperation in alignment with global development initiatives.
Zawya
03-03-2025
- Sport
- Zawya
Hong Kong Ups Game with Exciting New Multi-purpose Sports Park
HONG KONG SAR - Media OutReach Neswire - 3 March 2025 - The Grand Opening Ceremony of Kai Tak Sports Park (KTSP) on Saturday (March 1) featured cultural performances, music and entertainment at the magnificent new Kai Tak Stadium with a seating capacity of 50,000, marking the beginning of a new era for Hong Kong as Asia's events capital. Speaking at the launch event, John Lee, Chief Executive of the Hong Kong Special Administrative Region hailed the venue as the largest sports, entertainment and mega event complex in Hong Kong's history. "The magnificent, multi-purpose Kai Tak Sports Park is a grand stage offering the most enjoyable experience for sports and recreation, entertainment and a whole lot more. Our new home ground will raise every game, on every match!" Mr Lee said. "And you can count on scores of concerts by top singers and bands from home and abroad, here to raise the roof of Kai Tak Stadium." Starting with a thunderous drum roll and traditional lion dance, the two-hour show featured performances by top local singers spanning different genres and generations as well as appearances by renowned celebrities and sports stars from Hong Kong and Mainland China. It was a fitting opening of the 28-hectare KTSP, which will boost sports development and inject impetus into related industries such as recreation, entertainment and tourism, and also the mega-event economy, thereby consolidating Hong Kong's reputation as an events capital in Asia. The centrepiece Kai Tak Stadium boasts an eye-catching "Pearl of the Orient" design theme and a seating capacity of 50,000, making it the largest in Hong Kong. It features a customisable pitch system and retractable roof. This makes it an ideal venue for elite sports competitions as well as grand-scale concerts, vibrant music festivals and exciting cultural programmes. Kai Tak Arena, with a capacity of 10,000 seats, is another versatile state-of-the-art facility designed to host various international tournaments. It is also convertible to accommodate other events such as fencing or snooker. With an adaptable configuration and interchangeable flooring surfaces, the arena can provide seamless transition between top-level sports events and community activities. The outdoor Kai Tak Youth Sports Ground with 5,000 seats is an excellent venue for football and rugby matches, team and athlete training sessions, and school sports days. A series of blockbuster events has already been lined up for KTSP. Among them are the World Grand Prix (snooker) and Hong Kong Sevens (rugby) in March and British rock band Coldplay's world tour in April. KTSP will also be an iconic new destination for Hong Kong's exciting co-hosting of the 15th National Games with Guangdong and Macao in November. Hong Kong will host a total of eight competition events and one mass participation event of the National Games, with Fencing, Handball (men), Rugby Sevens and the Mass Participation Event of Bowling set to take place at KTSP. Beyond sports and entertainment, Kai Tak Mall is a retail paradise spanning nearly 700,000 square feet. It entices customers with a unique "sportainment" shopping and leisure experience, offering the most comprehensive collection of professional sports brands and lifestyle products in the city. The Mall also includes a Food Gala with popular eateries and the Dining Cove, a gourmet haven showcasing diverse culinary options from local favourites to international bites, all with stunning views of Victoria Harbour. "Kai Tak Sports Park is made for you – Hong Kong and the world. Enjoy it all!" said Mr #hongkong #brandhongkong #asiasworldcity #kaitaksportspark #ktsp The issuer is solely responsible for the content of this announcement. Information Services Department, Hong Kong SAR Government
