India's rapid economic growth and youthful demographics have boosted industrial innovation and consumption. In 2021, India was Hong Kong's eighth-largest trading partner, the sixth largest economy in the world and ranked second in terms of population.
Mineral-rich Northeast China, comprising the coastal Liaoning and landlocked Jilin and Heilongjiang provinces, has traditionally been a centre for heavy industry and is now reworking itself as a hub for high-value, high-technology production.
Until recently the words “Middle East” simply called to mind a source of mineral energy resources and lengthy history, but recently the region has become a powerhouse of innovative technologies, as well as both a source and destination for investment funds.
Hong Kong will host the eighth Belt and Road Summit next week on 13-14 September, to reflect on the first decade of the Belt and Road Initiative and discuss future business and investment collaboration focused on emerging markets and new sectors, while showcasing Hong Kong’s unique advantages to the global community.
Links between Hong Kong and Southeast Asia are strengthening, as both balance the recovery from the COVID-19 pandemic with global challenges posed by supply chain interruptions, inflationary pressures and geopolitical tensions.
Business links between Hong Kong and Southeast Asia are growing faster than a rain-forest bamboo grove, prompting the Hong Kong Trade Development Council (HKTDC) to organise a mission to Singapore, the business hub of the Association of Southeast Asian Nations, Indonesia, the biggest ASEAN member, and nimble technology developer Malaysia.
Closer economic and trade development between Hong Kong and Mainland China in recent years has prompted many mainland securities companies to build a global presence through the financial hub of Hong Kong.
Easy BUD, a simplified application process for the government’s Dedicated Fund on Branding, Upgrading and Domestic Sales (BUD Fund), was launched last month to cut the processing time for applications.