Latest news with #SteveChuang
South China Morning Post
09-05-2025
- Business
- South China Morning Post
‘Made-in-Hong Kong' goods can shine with right tech, funding: industry group
'Made-in-Hong Kong' products ranging from mooncakes to garments can shine with the help of technology, automation, subsidies and even artificial intelligence (AI), one of the city's largest industry groups has said. Advertisement The Federation of Hong Kong Industries revealed the findings of its recent study on Friday, saying that the city's industrial sector added HK$127.1 billion (US$16.4 billion) in value to the economy in 2023, or 4.4 per cent of gross domestic product. The study also mapped out strategies to further promote made-in-Hong Kong products and harness the power of technology. 'Hong Kong is currently at a crossroads in its economic transformation. The new industrialisation will be the main engine for our future economic growth,' said Ricky Chan Wai-chung, executive deputy chairman of the federation. The federation commissioned the Hong Kong Institute of Economics and Business Strategy at the University of Hong Kong (HKU) to conduct the study, which began in June last year. Advertisement Chan and federation chairman Steve Chuang Tzu-hsiung also gave examples of how companies had used the government's HK$10 billion subsidy initiative, the New Industrialisation Acceleration Scheme.
South China Morning Post
09-05-2025
- Business
- South China Morning Post
Hong Kong creates halal Q mark certification for Muslims
Hong Kong has taken another major step towards ensuring a halal-friendly environment with a new certification developed in partnership with a leading business group and a major organisation representing the faith. Advertisement The Hong Kong Federation of Hong Kong Industries and a top Muslim group signed a memorandum of understanding on Friday focusing on halal-sanctioned products and services. The accord with the Incorporated Trustees of the Islamic Community Fund of Hong Kong will pave the way for setting up a halal-related quality certification, or Q mark. Products and services carrying the Q mark are certified by the fund and meet Halal standards. 'I have faith in helping Hong Kong to develop the Muslim market under the cooperation, as Q mark has been a pillar of consumer confidence,' federation chairman Steve Chuang Tze-hsiung said. Advertisement He noted there were more than 2 billion Muslims, accounting for 25 per cent of the world's population. 'The collaboration with the [fund] will empower the community to capitalise on the opportunities brought by the Muslim market,' he said.
