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Associated Press
29-05-2025
- Business
- Associated Press
Asia Summit on Global Health and Hong Kong International Medical and Healthcare Fair Wrap Up Successfully
- Over 1,000 investment and business matching meetings lined up underscoring Hong Kong's role as a healthcare investment hub - ASGH brought together more than 2,900 participants from 42 countries and regions - Medical Fair attracted some 13,000 buyers from 57 countries and regions - The two flagship events together resulted in over 390 deal-making sessions and more than 660 business matching meetings - Collaboration agreements were signed during the events, covering areas including patient care, diagnostic solutions, innovative medical devices, and medical imaging HONG KONG - May 28, 2025 ( NEWMEDIAWIRE ) - The fifth Asia Summit on Global Health (ASGH) and the 16th Hong Kong International Medical and Healthcare Fair (Medical Fair), both organised by the Hong Kong Trade Development Council (HKTDC), have drawn to a successful close. As flagship events of International Healthcare Week (IHW), both ASGH and the Medical Fair brought global healthcare stakeholders together, including government officials and organisations, research pioneers, investors, and business leaders. ASGH attracted over 2,900 participants from 42 countries and regions, while the Medical Fair received some 13,000 buyers from 57 countries and regions. Over 390 one-on-one deal-making sessions and more than 660 business matching meetings were arranged, facilitating over 1,000 high-quality collaborations and connections. The IHW continues to foster global exchange and cooperation, putting a spotlight on Hong Kong's vast potential in healthcare investment and trade, and reinforcing its position as a regional leading medical hub. Dr Peter K N Lam, Chairman of the HKTDC, said: 'The Asia Summit on Global Health and the Hong Kong International Medical and Healthcare Fair concluded with outstanding results driving new collaborations and investments, and injecting new momentum into the healthcare industry. The events brought together leaders across government, business, academia, and investment to tackle today's healthcare challenges, highlighting Hong Kong's unique advantages as an international innovation and technology hub under its 'eight centres' positioning, actively advancing medical technology, connecting global innovation resources, and paving the way for a healthier and more inclusive future.' Over 80 industry experts shared insights on healthcare development The two-day ASGH, jointly organised by the HKSAR Government and the HKTDC under the theme 'Fostering Global Collaboration for a Shared Future', focused on a wide spectrum of topics including public health, medical technology breakthroughs, healthy ageing and global business and investment collaboration. The event featured more than 80 speakers comprising government officials and organisations, research pioneers, investors, and business leaders from around the world, all contributing valuable insights to advance global well-being. Prof Lo Chung-mau, Secretary for Health of the HKSAR Government, delivered a keynote speech during the Plenary Session I: Shaping a More Equitable and Sustainable Health System. Other distinguished speakers, including Dr Wu Xiaobin, Vice President of China Pharmaceutical Innovation and Research Development Association; Martin Taylor, Representative to China, World Health Organization; Prof Nancy Ip, President of the Hong Kong University of Science and Technology; and Frédéric Rimattei, Special Envoy for International Affairs of the President of French University Hospitals National Association, shared their insights on tackling global healthcare challenges, offering inspiration for the international healthcare community. In Plenary Session II: Fostering Global Collaboration for a Shared Future, speakers engaged in a lively discussion on trends in global healthcare collaboration. Among them was Ambassador George Hara, Group Chairman and CEO of DEFTA Partners and former Special Advisor to the Cabinet Office of the Prime Minister of Japan, who remarked that more advanced technology and new government regulations are needed to reach a compromise between companies' profits and patients' needs. During the Dialogue with Global Pioneer in Health session, Prof John Hardy, Chair of Molecular Biology of Neurological Disease of UCL Queen Square Institute of Neurology, shared his latest research findings and advanced developments in Alzheimer's disease. The summit co-organised sessions under the overarching theme, Shaping the Future of Healthcare, with the Hong Kong University of Science and Technology for the first time. The discussion focused on the potential of AI in healthcare and how innovation could drive breakthroughs in the field. Dr Alex Ng, President of Tencent Healthcare, commented: 'One uniqueness of tech companies is that they can be easily distracted by the latest thing. But you do need companies with patience and perseverance to stay in healthcare and make it work.' Prof Graham Cooke, Vice-Dean (Research) Medicine of Imperial College London, also noted that embedding patient needs into healthcare systems is critical, as many innovations fail in translation due to a lack of this focus, with universities playing a key role as innovation drivers. In Beyond 'Healthy China 2030': Driving Health Innovation, speakers explored opportunities in the mainland healthcare market. Marc Horn, Executive Vice President of Merck and President of Merck China, highlighted the two-phase approach of 'China for China' followed by 'China for the globe', emphasising healthcare collaboration to develop advanced treatments for global benefit. Dr Zhang Lianshan, Executive Vice President of Jiangsu Hengrui Pharmaceuticals Co., Ltd., stated: 'We would like to see our health innovation have realisation of its value, not only in China, but also outside of China. That is why we are talking about Globalisation, where we can achieve maximum value.' With growing global attention on healthy ageing, the summit introduced a dedicated Silver Health Chapter. A highlight was the thematic session titled Surfing the Silver Tsunami: Advancements in Geriatrics and Longevity Technology, where Prof Jean Woo, Director of Chinese University of Hong Kong Jockey Club Institute of Ageing, Prof James L. Kirkland, Director of Cedars-Sinai's Centre for Advanced Gerotherapeutics, and fellow experts explored both the challenges and opportunities posed by ageing populations. Prof Jean Woo highlighted that rapid population ageing is reshaping the global healthcare and socioeconomic landscape. As a city with one of the world's longest life expectancies, Hong Kong must take early action to strengthen elderly care policies and better allocate health resources. Prof James L. Kirkland also noted that geriatricians ultimately aim to help patients with multiple illnesses reduce medication use while treating their conditions more effectively, enhancing their overall quality of life. Over 390 deal-making sessions and cooperation agreements open new global opportunities A key feature of the summit was the ASGH Deal-Making session, which facilitated one-on-one meetings both online and offline, aiming to connect investors and projects in the healthcare sector from around the world to promote global collaborations. Investment projects spanned pharmaceuticals, medical devices and diagnostics, smart healthcare, and community health and wellness and more than 390 one-on-one meetings were successfully arranged for angel investors, venture capitalists, corporate venture arms, private equity firms and family offices. The summit facilitated the signing of cooperation agreements, such as those between Gleneagles Hospital Hong Kong and Emerging Viral Diagnostics, and a tripartite collaboration with PanopticAI and SmartCare, HKSH Medical Group and United Imaging Healthcare, China Resources Guangdong Pharmaceuticals and Hong Kong Medtech Association, Hugobiotech and Bridgeway Healthcare Technology, Canossa Hospital and KA Imaging, and others. These agreements covered diverse healthcare areas, including patient care, diagnostic solutions, innovative medical devices, medical imaging and more. Under the tripartite collaboration agreement between Gleneagles Hospital Hong Kong, PanopticAI, and SmartCare, the integration of PanopticAI's camera-based vital signs monitoring technology and SmartCare's patient-centered consultation platform will be implemented into Gleneagles clinic in the future. In addition to its discussion sessions, the summit also featured the ASGH Business Hub, showcasing more than 170 innovative technology companies related to the healthcare industry from 13 countries and regions, including the mainland (Shanghai and Xiamen), Australia, and Thailand, presenting projects and solutions across key areas such as medical innovation, smart healthcare, AI, big data, telemedicine, and cybersecurity. Zhong Wei, Co-founder of Mitrassist Lifesciences, joined the Shanghai Pavilion and said that ASGH helped them bring non-invasive medical monitoring technologies to Southeast Asia, Africa, and other Belt and Road Initiative countries. Medical Fair Drives Industry Innovation and Fosters Business Collaboration The Medical Fair, organised by the HKTDC and co-organised by the Hong Kong MedTech Association, was held alongside ASGH. The Association—formerly known as the Hong Kong Medical and Healthcare Device Industries Association—held a renaming ceremony during the fair, showcasing the deep integration of medical technology and the industry. The fair brought together some 300 exhibitors from 13 countries and regions, featuring first-time pavilions from the United Kingdom, Thailand and Israel, along with debut exhibitors from Singapore, Germany, Italy and Luxembourg. In addition, seven local universities, over 30 innovative technology companies at the Hong Kong Science and Technology Parks pavilion, and more than 20 medical enterprises brought by the Hong Kong MedTech Association participated. The Hong Kong Council of Social Service also participated in the fair for the first time. Under the theme Innovations Boosting Smart Health Experience, the exhibition spotlighted three major areas: MedTech, GeronTech and green solutions, with many exhibits featuring applications of AI. Many exhibitors and buyers successfully expanded their networks and forged new partnerships at the exhibition. Among them was Hong Kong exhibitor Eieling Technology, a company founded to commercialise research outcomes from the Hong Kong Polytechnic University. The firm showcased its non-invasive liver examination technology, which utilises transient elastography technology. Co-founder and CEO Xiaojia Jia noted that only about four companies worldwide possess this technology, making it a major draw for buyers. 'During the exhibition, we received intention orders worth several million Hong Kong dollars from mainland China, Hong Kong, Indonesia, and Thailand, involving around ten devices. This is our third year participating, and we've observed a significant rise in buyers' professionalism during our discussions. We look forward to exhibiting again next year.' Karel Lee, CEO of Neoneco from Korea, sourced innovative medical products at the fair with a minimum budget of USD100,000 and he has already identified RhinoCare, an exhibitor from the Israeli pavilion, for its nasal decongestion device, and is also interested in a medical examination device from a Hong Kong exhibitor. Lee stated, 'The exhibition allows us to meet with exhibitors face-to-face, build trust, and accelerate the decision-making process. The HKTDC's Click2Match platform also facilitated efficient business matching. I have already connected with ten exhibitors, and another twenty reached out to me after learning about my sourcing needs. This is one of Asia's premium medical sourcing events, and we will definitely return next year.' Beyond business deals, insightful forums were arranged during the Medical Fair to give inspiration to industry buyers. These included The Latest Development of Regulatory Collaboration on Medical Devices in the Greater Bay Area, The MedTech Nexus of the Greater Bay Area, co-organised with the Hong Kong MedTech Association, and Fostering Silver Economy, Leading Quality Elderly & Rehabilitation Care Practices, co-organised with the HKCSS. These forums attracted a strong attendance and offered valuable insights into healthcare. Selected sessions are available for replay on the Fair's website for extended engagement. This year's Fair continued to adopt the EXHIBITION+ hybrid model. Global exhibitors, industry professionals, and buyers could make use of the Click2Match and explore sourcing opportunities via HKTDC Sourcing ( Sourcing). Click2Match will remain available until 4 June. Websites International Healthcare Week: Asia Summit On Global Health: Hong Kong International Medical and Healthcare Fair: Photo download: Media enquiries For enquiries, please contact Yuan Tung Financial Relations Limited: HKTDC's Communications & Public Affairs Department: Asia Summit on Global Health Hong Kong International Medical and Healthcare Fair Media Room: About HKTDC The Hong Kong Trade Development Council (HKTDC) is a statutory body established in 1966 to promote, assist and develop Hong Kong's trade. With over 50 offices globally, including 13 in Mainland China, the HKTDC promotes Hong Kong as a two-way global investment and business hub. The HKTDC organises international exhibitions, conferences and business missions to create business opportunities for companies, particularly small and medium-sized enterprises (SMEs), in the mainland and international markets. The HKTDC also provides up-to-date market insights and product information via research reports and digital news channels. For more information, please visit:
Yahoo
29-05-2025
- Business
- Yahoo
Asia Summit on Global Health and Hong Kong International Medical and Healthcare Fair Wrap Up Successfully
- Over 1,000 investment and business matching meetings lined up underscoring Hong Kong's role as a healthcare investment hub - ASGH brought together more than 2,900 participants from 42 countries and regions- Medical Fair attracted some 13,000 buyers from 57 countries and regions- The two flagship events together resulted in over 390 deal-making sessions and more than 660 business matching meetings- Collaboration agreements were signed during the events, covering areas including patient care, diagnostic solutions, innovative medical devices, and medical imaging HONG KONG - May 28, 2025 (NEWMEDIAWIRE) - The fifth Asia Summit on Global Health (ASGH) and the 16th Hong Kong International Medical and Healthcare Fair (Medical Fair), both organised by the Hong Kong Trade Development Council (HKTDC), have drawn to a successful close. As flagship events of International Healthcare Week (IHW), both ASGH and the Medical Fair brought global healthcare stakeholders together, including government officials and organisations, research pioneers, investors, and business leaders. ASGH attracted over 2,900 participants from 42 countries and regions, while the Medical Fair received some 13,000 buyers from 57 countries and regions. Over 390 one-on-one deal-making sessions and more than 660 business matching meetings were arranged, facilitating over 1,000 high-quality collaborations and connections. The IHW continues to foster global exchange and cooperation, putting a spotlight on Hong Kong's vast potential in healthcare investment and trade, and reinforcing its position as a regional leading medical hub. Dr Peter K N Lam, Chairman of the HKTDC, said: "The Asia Summit on Global Health and the Hong Kong International Medical and Healthcare Fair concluded with outstanding results driving new collaborations and investments, and injecting new momentum into the healthcare industry. The events brought together leaders across government, business, academia, and investment to tackle today's healthcare challenges, highlighting Hong Kong's unique advantages as an international innovation and technology hub under its eight centres' positioning, actively advancing medical technology, connecting global innovation resources, and paving the way for a healthier and more inclusive future." Over 80 industry experts shared insights on healthcare development The two-day ASGH, jointly organised by the HKSAR Government and the HKTDC under the theme Fostering Global Collaboration for a Shared Future', focused on a wide spectrum of topics including public health, medical technology breakthroughs, healthy ageing and global business and investment collaboration. The event featured more than 80 speakers comprising government officials and organisations, research pioneers, investors, and business leaders from around the world, all contributing valuable insights to advance global well-being. Prof Lo Chung-mau, Secretary for Health of the HKSAR Government, delivered a keynote speech during the Plenary Session I: Shaping a More Equitable and Sustainable Health System. Other distinguished speakers, including Dr Wu Xiaobin, Vice President of China Pharmaceutical Innovation and Research Development Association; Martin Taylor, Representative to China, World Health Organization; Prof Nancy Ip, President of the Hong Kong University of Science and Technology; and Frdric Rimattei, Special Envoy for International Affairs of the President of French University Hospitals National Association, shared their insights on tackling global healthcare challenges, offering inspiration for the international healthcare community. In Plenary Session II: Fostering Global Collaboration for a Shared Future, speakers engaged in a lively discussion on trends in global healthcare collaboration. Among them was Ambassador George Hara, Group Chairman and CEO of DEFTA Partners and former Special Advisor to the Cabinet Office of the Prime Minister of Japan, who remarked that more advanced technology and new government regulations are needed to reach a compromise between companies' profits and patients' needs. During the Dialogue with Global Pioneer in Health session, Prof John Hardy, Chair of Molecular Biology of Neurological Disease of UCL Queen Square Institute of Neurology, shared his latest research findings and advanced developments in Alzheimer's disease. The summit co-organised sessions under the overarching theme, Shaping the Future of Healthcare, with the Hong Kong University of Science and Technology for the first time. The discussion focused on the potential of AI in healthcare and how innovation could drive breakthroughs in the field. Dr Alex Ng, President of Tencent Healthcare, commented: "One uniqueness of tech companies is that they can be easily distracted by the latest thing. But you do need companies with patience and perseverance to stay in healthcare and make it work." Prof Graham Cooke, Vice-Dean (Research) Medicine of Imperial College London, also noted that embedding patient needs into healthcare systems is critical, as many innovations fail in translation due to a lack of this focus, with universities playing a key role as innovation drivers. In Beyond Healthy China 2030': Driving Health Innovation, speakers explored opportunities in the mainland healthcare market. Marc Horn, Executive Vice President of Merck and President of Merck China, highlighted the two-phase approach of "China for China" followed by "China for the globe", emphasising healthcare collaboration to develop advanced treatments for global benefit. Dr Zhang Lianshan, Executive Vice President of Jiangsu Hengrui Pharmaceuticals Co., Ltd., stated: "We would like to see our health innovation have realisation of its value, not only in China, but also outside of China. That is why we are talking about Globalisation, where we can achieve maximum value." With growing global attention on healthy ageing, the summit introduced a dedicated Silver Health Chapter. A highlight was the thematic session titled Surfing the Silver Tsunami: Advancements in Geriatrics and Longevity Technology, where Prof Jean Woo, Director of Chinese University of Hong Kong Jockey Club Institute of Ageing, Prof James L. Kirkland, Director of Cedars-Sinai's Centre for Advanced Gerotherapeutics, and fellow experts explored both the challenges and opportunities posed by ageing populations. Prof Jean Woo highlighted that rapid population ageing is reshaping the global healthcare and socioeconomic landscape. As a city with one of the world's longest life expectancies, Hong Kong must take early action to strengthen elderly care policies and better allocate health resources. Prof James L. Kirkland also noted that geriatricians ultimately aim to help patients with multiple illnesses reduce medication use while treating their conditions more effectively, enhancing their overall quality of life. Over 390 deal-making sessions and cooperation agreements open new global opportunities A key feature of the summit was the ASGH Deal-Making session, which facilitated one-on-one meetings both online and offline, aiming to connect investors and projects in the healthcare sector from around the world to promote global collaborations. Investment projects spanned pharmaceuticals, medical devices and diagnostics, smart healthcare, and community health and wellness and more than 390 one-on-one meetings were successfully arranged for angel investors, venture capitalists, corporate venture arms, private equity firms and family offices. The summit facilitated the signing of cooperation agreements, such as those between Gleneagles Hospital Hong Kong and Emerging Viral Diagnostics, and a tripartite collaboration with PanopticAI and SmartCare, HKSH Medical Group and United Imaging Healthcare, China Resources Guangdong Pharmaceuticals and Hong Kong Medtech Association, Hugobiotech and Bridgeway Healthcare Technology, Canossa Hospital and KA Imaging, and others. These agreements covered diverse healthcare areas, including patient care, diagnostic solutions, innovative medical devices, medical imaging and more. Under the tripartite collaboration agreement between Gleneagles Hospital Hong Kong, PanopticAI, and SmartCare, the integration of PanopticAI's camera-based vital signs monitoring technology and SmartCare's patient-centered consultation platform will be implemented into Gleneagles clinic in the future. In addition to its discussion sessions, the summit also featured the ASGH Business Hub, showcasing more than 170 innovative technology companies related to the healthcare industry from 13 countries and regions, including the mainland (Shanghai and Xiamen), Australia, and Thailand, presenting projects and solutions across key areas such as medical innovation, smart healthcare, AI, big data, telemedicine, and cybersecurity. Zhong Wei, Co-founder of Mitrassist Lifesciences, joined the Shanghai Pavilion and said that ASGH helped them bring non-invasive medical monitoring technologies to Southeast Asia, Africa, and other Belt and Road Initiative countries. Medical Fair Drives Industry Innovation and Fosters Business Collaboration The Medical Fair, organised by the HKTDC and co-organised by the Hong Kong MedTech Association, was held alongside ASGH. The Associationformerly known as the Hong Kong Medical and Healthcare Device Industries Associationheld a renaming ceremony during the fair, showcasing the deep integration of medical technology and the industry. The fair brought together some 300 exhibitors from 13 countries and regions, featuring first-time pavilions from the United Kingdom, Thailand and Israel, along with debut exhibitors from Singapore, Germany, Italy and Luxembourg. In addition, seven local universities, over 30 innovative technology companies at the Hong Kong Science and Technology Parks pavilion, and more than 20 medical enterprises brought by the Hong Kong MedTech Association participated. The Hong Kong Council of Social Service also participated in the fair for the first time. Under the theme Innovations Boosting Smart Health Experience, the exhibition spotlighted three major areas: MedTech, GeronTech and green solutions, with many exhibits featuring applications of AI. Many exhibitors and buyers successfully expanded their networks and forged new partnerships at the exhibition. Among them was Hong Kong exhibitor Eieling Technology, a company founded to commercialise research outcomes from the Hong Kong Polytechnic University. The firm showcased its non-invasive liver examination technology, which utilises transient elastography technology. Co-founder and CEO Xiaojia Jia noted that only about four companies worldwide possess this technology, making it a major draw for buyers. "During the exhibition, we received intention orders worth several million Hong Kong dollars from mainland China, Hong Kong, Indonesia, and Thailand, involving around ten devices. This is our third year participating, and we've observed a significant rise in buyers' professionalism during our discussions. We look forward to exhibiting again next year." Karel Lee, CEO of Neoneco from Korea, sourced innovative medical products at the fair with a minimum budget of USD100,000 and he has already identified RhinoCare, an exhibitor from the Israeli pavilion, for its nasal decongestion device, and is also interested in a medical examination device from a Hong Kong exhibitor. Lee stated, "The exhibition allows us to meet with exhibitors face-to-face, build trust, and accelerate the decision-making process. The HKTDC's Click2Match platform also facilitated efficient business matching. I have already connected with ten exhibitors, and another twenty reached out to me after learning about my sourcing needs. This is one of Asia's premium medical sourcing events, and we will definitely return next year." Beyond business deals, insightful forums were arranged during the Medical Fair to give inspiration to industry buyers. These included The Latest Development of Regulatory Collaboration on Medical Devices in the Greater Bay Area, The MedTech Nexus of the Greater Bay Area, co-organised with the Hong Kong MedTech Association, and Fostering Silver Economy, Leading Quality Elderly & Rehabilitation Care Practices, co-organised with the HKCSS. These forums attracted a strong attendance and offered valuable insights into healthcare. Selected sessions are available for replay on the Fair's website for extended engagement. This year's Fair continued to adopt the EXHIBITION+ hybrid model. Global exhibitors, industry professionals, and buyers could make use of the Click2Match and explore sourcing opportunities via HKTDC Sourcing ( Sourcing). Click2Match will remain available until 4 June. Websites International Healthcare Week: Asia Summit On Global Health: Hong Kong International Medical and Healthcare Fair: Photo download: Media enquiries For enquiries, please contact Yuan Tung Financial Relations Limited: Louise Song Tel: (852) 3428 5691 Email: lsong@ Tiffany Leung Tel: (852) 3428 2361 Email: tleung@ HKTDC's Communications & Public Affairs Department: Asia Summit on Global Health Sharon Ha Tel: (852) 2584 4575 Email: Katy Wong Tel: (852) 2584 4524 Email: Jane Cheung Tel: (852) 2584 4137 Email: Hong Kong International Medical and Healthcare Fair Kelly Shek Tel: (852) 2584 4537 Email: Clayton Lauw Tel: (852) 2584 4472 Email: Media Room: About HKTDC The Hong Kong Trade Development Council (HKTDC) is a statutory body established in 1966 to promote, assist and develop Hong Kong's trade. With over 50 offices globally, including 13 in Mainland China, the HKTDC promotes Hong Kong as a two-way global investment and business hub. The HKTDC organises international exhibitions, conferences and business missions to create business opportunities for companies, particularly small and medium-sized enterprises (SMEs), in the mainland and international markets. The HKTDC also provides up-to-date market insights and product information via research reports and digital news channels. For more information, please visit: 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
Kuwait Times
15-05-2025
- Business
- Kuwait Times
Kuwait, Hong Kong sign 24 MoUs
Hong Kong business delegation concludes Mideast mission in Kuwait KUWAIT: A business delegation led by John Lee, Chief Executive of the Hong Kong Special Administrative Region (HKSAR), and organized by the Hong Kong Trade Development Council (HKTDC) visited Kuwait City on May 12-15, successfully concluding a five-day mission to Qatar and Kuwait. A total of 59 MoUs and announcements were facilitated during the mission with the aim to cultivate deeper partnerships and create new opportunities for synergy between Hong Kong, the mainland, Qatar, Kuwait and the broader Middle Eastern market. The mission also successfully enhanced collaboration between Hong Kong and the mainland, enabling mainland companies to partner with Hong Kong businesses to expand into the Middle East and beyond. Over the past few days, the delegation, comprising over 50 business leaders from Hong Kong and enterprise representatives from seven mainland provinces and cities, explored the Middle Eastern market and supported high-quality Belt and Road cooperation while promoting Hong Kong's unique role as a superconnector and super value-adder. During the visit to Kuwait, 24 memoranda of understanding (MoUs) and announcements were facilitated in trade and investment promotion, finance, law, transport and logistics, innovation and technology (I&T), agriculture, education and sport. The delegation met with senior executives and key members of the Kuwait Investment Authority (KIA), conglomerate Bukhamseen Group Holding and the Kuwait Chamber of Commerce and Industry (KCCI) to discuss investment opportunities and potential collaborations. Dr Peter K N Lam (second right), Hong Kong Trade Development Council Chairman, expresses his delight at the business delegation's success. The Hong Kong delegation meets with several representatives from the Kuwait Direct Investment Promotion Authority (KDIPA). A view of the business luncheon. The delegation also met with several representatives from the Kuwait Direct Investment Promotion Authority (KDIPA) to gain an in-depth understanding of the operations of Kuwait's free trade zones. The meeting explored potential cooperation opportunities in areas such as logistics, manufacturing, distribution, and technology. The delegation visited the Sheikh Abdullah Al-Salem Cultural Centre to gain a comprehensive overview of Kuwaiti history, culture and achievements. To foster cooperation, the Hong Kong Economic and Trade Office (HKETO) and Hong Kong Trade Development Council (HKTDC) organized a high-level business luncheon, which was attended by some 270 business leaders and key officials. Concluding the Middle East mission, Lee said the delegation, comprising Hong Kong and mainland business leaders, had achieved three key objectives: 1. To strengthen government-to-government relations; 2. To find new areas of collaboration; and 3. To make friends, and expand networks. 'Over the past four days, I have observed that both Qatar and Kuwait are experiencing rapid development, supported by substantial investment and continually expanding economies. In meetings with leaders and officials, I appreciated their forward-looking vision and understanding of Hong Kong's unparalleled advantages under 'one country, two systems' as a bridge between the mainland and the world. As Middle Eastern countries seek diversification of risk and look for opportunities in China and the Hong Kong SAR to join the tide of the global economic shift towards the East, Hong Kong has boundless opportunities.' He pointed out that this visit will elevate the relationship between Hong Kong and Qatar and Kuwait to a new level, bringing more business opportunities to Hong Kong, and noted, 'We will continue to strive to explore new opportunities and frontiers for Hong Kong.' Dr Peter K N Lam, Chairman of the HKTDC, said: 'Over the past few days, we engaged in high-level government and business meetings, hosted business luncheons and visited key development projects in Qatar and Kuwait. We explored how Qatari and Kuwaiti businesses can leverage Hong Kong's advantages in finance, innovation and technology and professional services to advance initiatives in finance, energy transformation and smart infrastructure projects, contributing to the Qatar National Vision 2030 and Kuwait Vision 2035.' 'Following the visits, the HKTDC will continue to invite business leaders from the Middle East to visit Hong Kong. We welcome them participating in our international events, such as the Belt and Road Summit and Asian Financial Forum to explore opportunities in Hong Kong, Mainland China and beyond,' Dr Lam added. •A delegation led by John Lee, Chief Executive of the Hong Kong Special Administrative Region, visited Kuwait as part of a broader high-level visit to the Middle East •The delegation explored the Middle Eastern market and supported high-quality Belt and Road cooperation while promoting Hong Kong's unique role as a superconnector and super value-adder •A total of 59 MoUs and announcements were facilitated during the mission, cultivating deeper partnerships between Hong Kong, the mainland, Qatar and Kuwait 24 MoUs and announcements were facilitated in Kuwait Hong Kong and Kuwait Direct Investment Promotion Authority (KDIPA) Fisheries and Conservation Department and Marine Science Centre of Kuwait University (Announcement) Fisheries and Conservation Department and Public Authority of Agricultural Affairs and Fish Resources (Announcement) Kong Customs and Excise Department and Kuwait General Administration of Customs (Announcement) Authority Hong Kong (AAHK) and Kuwait Airways (Announcement) and Road General Chamber of Commerce and Kuwait Chamber of Commerce & Industry (KCCI) of Hong Kong Industries (FHKI) and Kuwait Chamber of Commerce & Industry (KCCI) Kong General Chamber of Commerce (HKGCC) and Kuwait Chamber of Commerce & Industry (KCCI) Kong Trade Development Council (HKTDC) and Kuwait Chamber of Commerce & Industry (KCCI) Kong Trade Development Council (HKTDC) and Kuwait Direct Investment Promotion Authority (KDIPA) Federation & Olympic Committee of Hong Kong, China and Olympic Council of Asia Chinese Manufacturers' Association of Hong Kong (CMA) and Kuwait Chamber of Commerce & Industry (KCCI) Law Society of Hong Kong and Kuwait Bar Association Services Development Council (FSDC) and Capital Market Authority in Kuwait (CMA) (non-delegate) University of Hong Kong and Ministry of Higher Education University of Hong Kong and Kuwait University and Blue Ocean Company China and Baoye Hubei Construction Engineering Group Co., Ltd China and PCI Technology Co., Ltd and PCI Technology Co., Ltd and Meetsocial Group and Shanghai Westwell Technology and Shanghai Fengling Renewables Co, Ltd Information Technology (Shanghai) Co, Ltd and Kuwait Direct Investment Promotion Authority (KDIPA)
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.
Associated Press
27-02-2025
- Business
- Associated Press
HKTDC welcomes Hong Kong SAR's 2025-26 Budget
New Budget Comprehensively Supports SMEs Fostering Sustained Momentum for Hong Kong's Economic and Trade Development HONG KONG - February 27, 2025 ( NEWMEDIAWIRE) - The Hong Kong Trade Development Council (HKTDC) welcomes the 2025-26 Budget announced this morning by the Financial Secretary of the Hong Kong Special Administrative Region (HKSAR), Paul Chan. The Budget introduces a series of measures centred around technological innovation to empower industrial development and facilitate the continuous growth of SMEs and start-ups. The measures also help attract diverse sources of investment and promote mega events to comprehensively engage businesses, capital and talent. They also strive to accelerate development of the new quality productive forces to drive high-quality economic growth in Hong Kong. HKTDC Chairman Dr Peter K N Lam believes that the series of measures in the Budget, including the injection of funds into the Dedicated Fund on Branding, Upgrading and Domestic Sales (BUD Fund) and the SME Export Marketing Fund, offers concrete support to SMEs amid a challenging economic evnrionment. The Budget also proposes measure that help consolidate Hong Kong's advantages around its 'eight centres' positioning boosting future growth and prosperity. Dr Lam added: 'The Budget mentions initiatives to strengthen assistance for local SMEs to explore the mainland market and increase e-commerce sales. This year, the HKTDC will launch the 'E-commerce Express' in collaboration with major e-commerce platforms and industry experts. Through a series of thematic training seminars and one-on-one advisory services, this initiative aims to enhance Hong Kong businesses' understanding of mainland e-commerce and online platforms, offering comprehensive support for SMEs intending to expand into the mainland e-commerce market. The upcoming second edition of the Hong Kong Shopping Festival in August serves as the flagship event of this initiative, offering Hong Kong businesses hands-on experience using e-commerce platforms to explore the mainland market and enhance the visibility of their products and brands. The HKTDC will work closely with the Trade and Industry Department to enhance mentorship schemes, empowering Hong Kong businesses to effectively leverage mainland e-commerce and online platforms to promote their products.' The Budget also proposes various measures to promote innovation and technology development, with increasing exposure for local tech products being an important component. The HKTDC will launch a thematic pop-up display area to its Hong Kong Design Gallery, as well as at exhibition venues during major exhibitions, to showcase local high-quality and innovative technology products to local and overseas buyers and consumers. The HKTDC will closely collaborate with local education and research institutions to provide more physical product showcases and sales platforms for Hong Kong technology enterprises and start-ups. These partnerships will help Hong Kong research companies build their product brand image, while raising the visibility of Hong Kong brands among local and international buyers. In strengthening Hong Kong's role as a superconnector and super value-adder, the Budget mentions that the Financial Services and the Treasury Bureau, in collaboration with the Office for Attracting Strategic Enterprises (OASES) and the HKTDC, will host the inaugural Hong Kong Global Financial and Industry Summit this year. By leveraging Hong Kong's financial strengths, the new Summit will further enhance international industrial cooperation to attract capital and businesses to Hong Kong. The HKTDC is also enhancing project connections and deal-making promotion at the Belt and Road Summit, focusing on green development and innovative technology, positioning Hong Kong as a commercial hub for Belt and Road. The HKTDC will continue to closely cooperate with the HKSAR Government, actively promoting Hong Kong's advantages to global markets, while attracting international financial and business leaders to explore global market opportunities through the Hong Kong platform. The HKTDC will continue to enhance Hong Kong's competitiveness and international connections. In the 2025-26 fiscal year, the HKTDC will focus on three main areas: Hong Kong's unique position as a resilient and connected global business hub, while strengthening its integration into national development as well as its role as a superconnector and super value-adder; Hong Kong's competitiveness by embracing innovation and sustainable development to support the national new quality productive forces strategy, while seizing opportunities arising from global trends; the next generation of connected and future-ready SMEs and start-ups, while fast-tracking SMEs' digital transformation. Media enquiries
