HK vows to further sharpen edges after being ranked as world's 2nd most competitive economy
6 years, 10 months ago

HK vows to further sharpen edges after being ranked as world's 2nd most competitive economy

China Daily  

HONG KONG -- The government of China's Hong Kong Special Administrative Region vowed on Thursday to consolidate Hong Kong's competitive edges after an annual global competitiveness ranking listed it as the world's second most competitive economy. In the International Institute for Management Development's World Competitiveness Yearbook 2018, Hong Kong maintained the top rank in "government efficiency" and "business efficiency," both for the fourth consecutive year. The spokesperson added that "amid the fierce competition from other economies, it is of utmost importance for us to consolidate Hong Kong's competitive edges, including the fine tradition of the rule of law, an open and free market, an efficient public sector, and a robust institutional framework." Stressing developing innovation and technology as a "new engine of economic growth," the spokesperson said that the HKSAR government has allocated substantial resources in recent years to upgrade technological infrastructure, build a vibrant ecosystem for startups, and pool and nurture more technology talent in Hong Kong.

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History of this topic

China's Greater Bay Area sees improving connectivity: spokesperson
3 weeks, 1 day ago

China's Greater Bay Area sees improving connectivity: spokesperson

China Daily  

BEIJING -- The Guangdong-Hong Kong-Macao Greater Bay Area has reported improving connectivity in infrastructure, rules and mechanisms, as well as people-to-people exchanges, a spokesperson said Tuesday. The Greater Bay Area's development is a major national strategy, said Lou Qinjian, spokesman for the third session of the 14th National People's Congress, China's national legislature, at a press conference. The central government …

China's Greater Bay Area sees improving connectivity: spokesperson
3 weeks, 2 days ago

China's Greater Bay Area sees improving connectivity: spokesperson

China Daily  

BEIJING -- The Guangdong-Hong Kong-Macao Greater Bay Area has reported improving connectivity in infrastructure, rules and mechanisms, as well as people-to-people exchanges, a spokesperson said Tuesday. The Greater Bay Area's development is a major national strategy, said Lou Qinjian, spokesman for the third session of the 14th National People's Congress, China's national legislature, at a press conference. The central government …

China's Greater Bay Area sees improving connectivity: spokesperson
3 weeks, 2 days ago

China's Greater Bay Area sees improving connectivity: spokesperson

China Daily  

BEIJING -- The Guangdong-Hong Kong-Macao Greater Bay Area has reported improving connectivity in infrastructure, rules and mechanisms, as well as people-to-people exchanges, a spokesperson said Tuesday. The Greater Bay Area's development is a major national strategy, said Lou Qinjian, spokesman for the third session of the 14th National People's Congress, China's national legislature, at a press conference. The central government …

Mainland-HK cooperation zones set to drive growth
1 month, 2 weeks ago

Mainland-HK cooperation zones set to drive growth

China Daily  

Xia Baolong, who heads the Hong Kong and Macao Work Office of the Communist Party of China Central Committee and the Hong Kong and Macao Affairs Office of the State Council, visits the Qianhai Shenzhen-Hong Kong Youth Innovation and Entrepreneur Hub on Feb 9, 2025. Hong Kong officials and community leaders said a recent inspection led by central government official …

China's Greater Bay Area turns into dynamic growth engine for new quality productive forces
3 months ago

China's Greater Bay Area turns into dynamic growth engine for new quality productive forces

China Daily  

GUANGZHOU -- BYD, a front-runner in the global new energy vehicle market, set a new record this year, with October marking a milestone sales achievement of 500,000 NEVs sold in a single month. PACESETTER IN HIGH-QUALITY GROWTH Eyeing high-quality sustainable development, Guangdong province, in recent years, outlined action plans for 20 strategic industry clusters, ranging from the automotive industry, new-generation …

Xi reaffirms full support for Hong Kong SAR govt
3 months, 1 week ago

Xi reaffirms full support for Hong Kong SAR govt

China Daily  

By Xu Wei in Beijing and Wu Kunling in Hong Kong | China Daily | Updated: 2024-12-14 07:06 President Xi Jinping meets with John Lee Ka-chiu, chief executive of the Hong Kong Special Administrative Region, in Beijing on Friday. LI XUEREN/XINHUA President Xi Jinping reaffirmed on Friday Beijing's full backing to Chief Executive John Lee Ka-chiu and the Hong Kong …

Hong Kong explores unique role in boosting China-ASEAN connectivity
3 months, 3 weeks ago

Hong Kong explores unique role in boosting China-ASEAN connectivity

China Daily  

HONG KONG -- The ASEAN-China Forum 2024 was held here on Thursday, with participants brainstorming on such issues as the development of the Association of Southeast Asian Nations, its ties with China as well as joint efforts to deal with regional challenges. ASEAN is a priority for China's neighborhood diplomacy and a key region for Belt and Road cooperation, said …

It's all a digital game in trade
4 months ago

It's all a digital game in trade

China Daily  

As the world trade paradigm falls in line with a revolutionary trend in doing business, Hong Kong is reassessing its traditional dominance of Asia's shipping lanes by positioning itself as an e-commerce logistics nexus between Southeast Asia's digital shoppers and the Chinese mainland's manufacturing prowess. Although e-commerce logistics may not help Hong Kong's port cargo throughput significantly, the special administrative …

Hong Kong attracts 17 more enterprises in strategic emerging industries
4 months, 2 weeks ago

Hong Kong attracts 17 more enterprises in strategic emerging industries

China Daily  

A view of the Victoria Harbor in Hong Kong. HONG KONG -- A total of 17 enterprises signed agreements on Monday to become strategic enterprise partners of the Hong Kong Special Administrative Region government amid the city's push to nurture an ecosystem for innovation and technology. Most of them will establish their global or regional headquarters in Hong Kong, said …

Hong Kong beefs up status as financial hub
7 months, 2 weeks ago

Hong Kong beefs up status as financial hub

China Daily  

Business leaders, lawmakers and academics in Hong Kong have thrown their weight behind the city's bid to seize opportunities arising from offshore yuan financing, Belt and Road fund-raising, financial technology applications and the "finance-plus-technology "development model to strengthen its status as a world financial hub. "Hong Kong can use the resources, financing channels and financial infrastructure experience of being an …

Hong Kong beefs up status as financial hub
7 months, 2 weeks ago

Hong Kong beefs up status as financial hub

China Daily  

Business leaders, lawmakers and academics in Hong Kong have thrown their weight behind the city's bid to seize opportunities arising from offshore yuan financing, Belt and Road fund-raising, financial technology applications and the "finance-plus-technology "development model to strengthen its status as a world financial hub. "Hong Kong can use the resources, financing channels and financial infrastructure experience of being an …

Professional services critical to SAR’s economic growth
9 months, 2 weeks ago

Professional services critical to SAR’s economic growth

China Daily  

As the Hong Kong Special Administrative Region consolidates its business links with the Association of Southeast Asian Nations and the Middle East, the city’s professional services sector has a pivotal role to play in accelerating these bonds, says Hong Kong business titan Jonathan Choi Koon-shum. Professional services will be in great demand from Middle Eastern countries as their real-estate development …

Shandong, Hong Kong, Macao expand multifaceted cooperation
9 months, 3 weeks ago

Shandong, Hong Kong, Macao expand multifaceted cooperation

China Daily  

Fully leveraging their respective resources, industrial foundations and geographical advantages, Shandong, Hong Kong and Macao are further expanding cooperation and exchanges in multiple fields, including projects, talent, industry and trade. As of the end of the first quarter of this year, 68 Shandong enterprises had been listed on the Hong Kong Stock Exchange, accounting for 54 percent of the province's …

Hong Kong, Asia 'here to stay'
1 year ago

Hong Kong, Asia 'here to stay'

China Daily  

Capital markets in Asia and the Pacific region are set to stage a rebound this year, while Hong Kong's global competitiveness and efforts to woo new investors could bring a reversal of fortune for its beleaguered stock market. Heavier capital flow in Asia would do well for Hong Kong despite the city's lackluster performance in the stock market. "India's strong …

Hong Kong, Asia 'here to stay'
1 year ago

Hong Kong, Asia 'here to stay'

China Daily  

Capital markets in Asia and the Pacific region are set to stage a rebound this year, while Hong Kong's global competitiveness and efforts to woo new investors could bring a reversal of fortune for its beleaguered stock market. Heavier capital flow in Asia would do well for Hong Kong despite the city's lackluster performance in the stock market. "India's strong …

Hong Kong Sees 2024 Growth Range at or Below Last Year
1 year ago

Hong Kong Sees 2024 Growth Range at or Below Last Year

Hindustan Times  

-- Hong Kong expects its economy to grow in a range of 2.5% to 3.5% this year, suggesting a potentially slower rate of expansion as the financial hub tries to bolster a struggling housing market and attract more tourism and investment. Confidence in Hong Kong has waned as home prices tumble to a seven-year low, national security measures erode freedoms …

Hong Kong 'talent drain' reports rebutted
1 year, 2 months ago

Hong Kong 'talent drain' reports rebutted

China Daily  

A view of the Victoria Harbor in Hong Kong, China. Editor's note: Chinese Foreign Ministry spokesperson Wang Wenbin refuted reports of a brain drain from the Hong Kong Special Administrative Region at a regular news conference in Beijing on Monday. The reality is that Hong Kong's strong appeal to global talent continues to grow and there is no so-called talent …

Hong Kong remains hub for global talent
1 year, 2 months ago

Hong Kong remains hub for global talent

China Daily  

A view of the Victoria Harbor in Hong Kong, China. Beijing on Monday hailed Hong Kong's strong appeal to international talent, and reaffirmed its continued support for the city in attracting talent from around the world. Foreign Ministry spokesman Wang Wenbin dismissed some comments made in the media that global talent is reluctant to work and live in Hong Kong, …

Greater Bay Area - China's path to Silicon Valley 2.0?
1 year, 5 months ago

Greater Bay Area - China's path to Silicon Valley 2.0?

China Daily  

Ken Ip says the 11-city cluster's robust economy, favorable central government policies, and the region's resolve to overcome various challenges will strengthen its potential to be a world innovation powerhouse A view of the under-construction Shenzhen Park of the Hetao Shenzhen-Hong Kong Science and Technology Innovation Cooperation Zone. Collaboration with innovative GBA companies allows Hong Kong businesses to tap into …

Hong Kong eyes stronger economic and trade ties with Thailand to expand its role in Southeast Asia
1 year, 5 months ago

Hong Kong eyes stronger economic and trade ties with Thailand to expand its role in Southeast Asia

Associated Press  

HONG KONG — Hong Kong’s leader said Tuesday the city would seek to strengthen its economic and trade ties with Thailand after a meeting with the country’s prime minister, as the Chinese financial hub looks for more business opportunities in Southeast Asia. Lee’s administration wants to expand the city’s role in Southeast Asia to boost economic growth for the financial …

Building Stronger China-ASEAN Relations
1 year, 7 months ago

Building Stronger China-ASEAN Relations

China Daily  

China-Hong Kong-ASEAN Relations More Important Than Ever Integral to China's vision of multilateralism in a multi-polar, open and inclusive world is a mutually beneficial and enduring partnership with the ASEAN. Re-export trade between the two economies through Hong Kong amounted to 624.1 billion HK dollars in 2021, with an average of 7.4 percent annual growth rate in trade volume between …

Hong Kong makes bid for greater regional integration
1 year, 7 months ago

Hong Kong makes bid for greater regional integration

China Daily  

A view of the Victoria Harbor in Hong Kong. In a global landscape where economic diplomacy often takes center stage, Hong Kong's Chief Executive John Lee Ka-chiu is making strategic moves. This journey, his second to the region within a year, underlines the Hong Kong Special Administrative Region government's strategic pivot toward Southeast Asia, a region whose economic ascendancy is …

Forum highlights Hong Kong's business environment advantages under rule of law
1 year, 8 months ago

Forum highlights Hong Kong's business environment advantages under rule of law

China Daily  

HONG KONG -- A legal forum was held in Hong Kong on Tuesday with a focus on how the rule of law has brought about a superior business environment for Hong Kong. John Lee, chief executive of the Hong Kong Special Administrative Region, said in his address that under the principle of "one country, two systems," Hong Kong enjoys a …

Hong Kong to strengthen economic, cultural ties with Middle East: chief executive
1 year, 8 months ago

Hong Kong to strengthen economic, cultural ties with Middle East: chief executive

China Daily  

HONG KONG -- John Lee, chief executive of the Hong Kong Special Administrative Region, said on Friday that Hong Kong will strengthen economic, trade and cultural ties with the Middle East. Lee said in a video speech at the launching and inauguration ceremony of the Hong Kong-Middle East Business Chamber that both Hong Kong and the Middle East are key …

Hong Kong to promote diversified industrial development: financial chief
1 year, 8 months ago

Hong Kong to promote diversified industrial development: financial chief

China Daily  

HONG KONG -- Paul Chan, financial secretary of China's Hong Kong Special Administrative Region government, said on Tuesday that a new industry promotion office of the HKSAR government has already contacted more than 150 enterprises, many of which are high-end tech companies that are leaders in their respectively fields. The financial chief said that the enterprises targeted by the HKSAR …

Hong Kong remains one of world's most competitive economies: Report
1 year, 9 months ago

Hong Kong remains one of world's most competitive economies: Report

China Daily  

A view of the Victoria Harbor in Hong Kong. HONG KONG -- Hong Kong continues to be one of the most competitive economies in the world, ranking seventh globally, according to the World Competitiveness Yearbook 2023 published by the Switzerland-based International Institute for Management Development. Among the four competitiveness factors in WCY 2023, Hong Kong continues to rank second globally …

HK a center for global standards and regulations
1 year, 10 months ago

HK a center for global standards and regulations

China Daily  

Wang Zhile, head of the Beijing New Century Academy on Transnational Corporations. PHOTO PROVIDED TO CHINA DAILY The Chinese mainland's next phase of its opening-up will be driven by institutional reform, and the Hong Kong Special Administrative Region, with its well-established regulatory framework in line with international rules, can serve as a key intermediary in linking standards and practices between …

Forum highlights Hong Kong's advantages as intl financial hub
2 years, 4 months ago

Forum highlights Hong Kong's advantages as intl financial hub

China Daily  

Chief Executive John Lee Ka-chiu delivers a speech during the Global Financial Leaders' Investment Summit at Four Seasons Hotel in Hong Kong on Nov 2, 2022. HONG KONG -- A forum attended by high-ranking Hong Kong officials, mainland regulators, and international financial heavyweights highlighted Hong Kong's advantages as an international financial center on Wednesday. John Lee, chief executive of the …

HKSAR gov't welcomes Hong Kong ranked as world's freest economy
2 years, 6 months ago

HKSAR gov't welcomes Hong Kong ranked as world's freest economy

China Daily  

HONG KONG -- The Hong Kong Special Administrative Region government on Thursday welcomed that Canada's Fraser Institute once again ranked Hong Kong as the world's freest economy in the Economic Freedom of the World 2022 Annual Report. A government spokesperson said that Hong Kong has been striving to improve the business environment and enhance market efficiency and support, thereby allowing …

Xi defends vision of Hong Kong on 25th anniversary of return
2 years, 8 months ago

Xi defends vision of Hong Kong on 25th anniversary of return

Associated Press  

HONG KONG — China’s leader Xi Jinping marked the 25th anniversary of Hong Kong’s return with a speech Friday that emphasized Beijing’s control over the former British colony under its vision of “one country, two systems” – countering criticism that the political and civic freedoms promised for the next quarter-century have been largely erased under Chinese rule. “Regardless of whether …

Hong Kong burnishes China ties as luster as global hub fades
2 years, 8 months ago

Hong Kong burnishes China ties as luster as global hub fades

Associated Press  

HONG KONG — Every few generations, Hong Kong transforms itself, evolving from a swampy fishing village to 19th century colonial port, to capitalist outpost and factory after China’s 1949 revolution, to 21st century financial center. “There are great opportunities in the Greater Bay Area that haven’t been realized yet,” said David Graham, executive director of the British Chamber of Commerce …

HK's economy in best position to grow
2 years, 9 months ago

HK's economy in best position to grow

China Daily  

Hong Kong Financial Secretary Paul Chan Mo-po gives an interview. Hong Kong Financial Secretary Paul Chan Mo-po said he is very confident and hopeful about Hong Kong's economy and future development as the city is at a critical juncture of maintaining stability and seeking prosperity. "Hong Kong now is in the best position to grow and focus our attention on …

Retaining competitive edge, Hong Kong embarks on new journey toward prosperity
2 years, 9 months ago

Retaining competitive edge, Hong Kong embarks on new journey toward prosperity

China Daily  

HONG KONG -- Twenty-five years after its return to the motherland, Hong Kong, as a special administrative region of China, remains one of the world's most dynamic cities. RETAINING COMPETITIVE EDGE Hong Kong has conquered multiple crises with the support of the central authorities since 1997, and has remained a center of international finance, shipping and trade. Under the "one …

Can Hong Kong’s economy survive China’s political crackdown?
3 years, 5 months ago

Can Hong Kong’s economy survive China’s political crackdown?

Al Jazeera  

Business is considering its options amid the national security law, currency fears and punishing COVID-19 quarantines. Over the past year, Hong Kong’s society has been torn apart by the Beijing-imposed national security law and changes to the electoral process designed to ensure only people deemed “patriots” can hold office in the territory. Last month, the institute’s annual report on economic …

HK must change to embrace the real world
3 years, 11 months ago

HK must change to embrace the real world

China Daily  

An aerial view of a research facility in Dongguan, Guangdong province. It is also because of this metamorphosis that the conventional conception of the Greater Pearl River Delta region of catching up industrialization has changed to the Guangdong-Hong Kong-Macao Greater Bay Area; the latter seems to borrow from the examples of the US Bay Area and the Tokyo Bay Area, …

Future of Hong Kong: Financial elite weigh up fleeing as businesses undeterred by Chinese crackdown
4 years ago

Future of Hong Kong: Financial elite weigh up fleeing as businesses undeterred by Chinese crackdown

The Telegraph  

In the most stark demonstration yet of what might happen if a company does not toe the party line, Hong Kong's flag carrier Cathay Pacific was caught in the crossfire in 2019 as Beijing cracked down after some staff drew attention for joining the anti-government protests. Since then it has only doubled down on the world’s second largest economy, it’s …

Responding to challenges requires a firm footing and an open mind
4 years, 1 month ago

Responding to challenges requires a firm footing and an open mind

China Daily  

A poster reminding people not to gather is seen in Hong Kong, China, April 12, 2020. A large part of Hong Kong's economy remains focused on unproductive and sluggish sectors like real estate, finance, insurance, and hospitality. From the U.S. decision to end Hong Kong's special trading status to its blatant interference in Hong Kong affairs through the sanctioning of …

Former Hong Kong leaders launch pro-Beijing coalition
4 years, 10 months ago

Former Hong Kong leaders launch pro-Beijing coalition

Associated Press  

HONG KONG — Two of Hong Kong’s former leaders launched a pro-Beijing alliance Tuesday to uphold China’s “one country, two systems” policy and work to revive the city’s economy following months of anti-government protests. “We will give full play to ‘One Country, Two Systems’ and recover our economy, and continue to safeguard the rule of law so that we can …

Hong Kong economy: Hong Kong’s protests are starting to hurt its business
5 years, 7 months ago

Hong Kong economy: Hong Kong’s protests are starting to hurt its business

CNN  

Hong Kong CNN Business — Hong Kong’s most serious political crisis in more than 20 years is taking its toll on the economy and beginning to shake the confidence of international investors. Paul Chan, the top finance official in Asia’s premier financial hub, said Sunday that the city’s mass demonstrations have hurt local merchants and “worried all those who are …

Greater Bay Area plan begins to take shape
7 years, 8 months ago

Greater Bay Area plan begins to take shape

China Daily  

A section of the Hong Kong-Zhuhai-Macao Bridge is seen on July 7, 2017. The Greater Bay Area plan has been submitted to China's top economic planner, Economic Information Daily reported Tuesday. The plan to develop a city cluster in the Guangdong-Hong Kong-Macao Greater Bay Area was submitted to the National Development and Reform Commission at the end of last month, …

Greater Bay Area plan begins to take shape
7 years, 8 months ago

Greater Bay Area plan begins to take shape

China Daily  

A section of the Hong Kong-Zhuhai-Macao Bridge is seen on July 7, 2017. The Greater Bay Area plan has been submitted to China's top economic planner, Economic Information Daily reported Tuesday. The plan to develop a city cluster in the Guangdong-Hong Kong-Macao Greater Bay Area was submitted to the National Development and Reform Commission at the end of last month, …

'One country, two systems' ensures Hong Kong's prosperity: Lam Cheng Yuet-ngor
7 years, 8 months ago

'One country, two systems' ensures Hong Kong's prosperity: Lam Cheng Yuet-ngor

China Daily  

HONG KONG -- The "one country, two systems" principle has maintained Hong Kong's prosperity and stability over the last 20 years, said Lam Cheng Yuet-ngor, Hong Kong's new chief executive, in an interview with Xinhua on Saturday. Since 1997, the Hong Kong Special Administrative Region has made achievements in all respects including economic development and the improvement of people's well-being, …

HK: The connected city
7 years, 8 months ago

HK: The connected city

China Daily  

Chief Executive Carrie Lam Cheng Yuet-ngor and her husband Lam Siu-por greet the public before the flag-raising ceremony to celebrate the 20th anniversary of the establishment of the Hong Kong Special Administrative Region at Golden Bauhinia Square on Saturday. Hong Kong's "one country, two systems" framework has been at the heart of our success these past 20 years and it …

HK can benefit by promoting Belt and Road
7 years, 8 months ago

HK can benefit by promoting Belt and Road

China Daily  

Hong Kong remains a global financial and commercial center 20 years after its reunification with the motherland. The Belt and Road Initiative could improve Hong Kong's role of intermediary agent. Hong Kong occupies a nodal point on the 21st Century Maritime Silk Road, which, along with the Silk Road Economic Belt, comprises the Belt and Road Initiative. Last year, China's …

Hong Kong's global competitiveness ascending over 20 years
7 years, 8 months ago

Hong Kong's global competitiveness ascending over 20 years

China Daily  

HONG KONG - Johnny Ng, the first post-doctorate student from Hong Kong at Tsinghua University, could not understand Mandarin two decades ago and did not expect his business to thrive on the Chinese mainland. The past two decades witnessed the ascent of Hong Kong's global competitiveness, supported by a sound business environment, solid infrastructure, and a complementary Chinese mainland market. …

Hong Kong's global competitiveness ascending over 20 years
7 years, 8 months ago

Hong Kong's global competitiveness ascending over 20 years

China Daily  

HONG KONG - Johnny Ng, the first post-doctorate student from Hong Kong at Tsinghua University, could not understand Mandarin two decades ago and did not expect his business to thrive on the Chinese mainland. The past two decades witnessed the ascent of Hong Kong's global competitiveness, supported by a sound business environment, solid infrastructure, and a complementary Chinese mainland market. …

HK's return 20 years later breaks the prophecy that sings the blues over its development
7 years, 9 months ago

HK's return 20 years later breaks the prophecy that sings the blues over its development

China Daily  

Hong Kong’s development in the 20 years since its return to China has broken the prophecy that sings the blue over the region’s prosperity, said People’s Daily on June 25. In 2003, when the Severe Acute Respiratory Syndromes hit both mainland China and Hong Kong, the central government spared no efforts and provided free medicine and protective medical equipment for …

Incoming chief exec has high hopes for Hong Kong's future
7 years, 9 months ago

Incoming chief exec has high hopes for Hong Kong's future

China Daily  

Hong Kong's Carrie Lam Cheng Yuet-ngor will be the SAR's first female chief executive.CUI NAN/CHINA DAILY Hong Kong's chief executive-designate, Carrie Lam Cheng Yuet-ngor, says she hopes the city will take advantage of China's increasing economic power to seek new impetus for its long-term prosperity and stability. Lam, the first female chief executive of the Hong Kong Special Administrative Region, …

Hong Kong named most competitive economy
7 years, 9 months ago

Hong Kong named most competitive economy

China Daily  

Skyscrapers line the harbor in Hong Kong, on Feb 9, 2016. Hong Kong was rated as the most competitive economy for the second year in a row, while the Chinese mainland jumped up seven places on the 2017 World Competitiveness Yearbook released on Thursday. As for the Yearbook's four key measures, Hong Kong remains first in government efficiency and business …

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