Latest from Hong Kong
Second 2024 ABAC Meeting concludes successfully in Hong Kong
The second 2024 Asia-Pacific Economic Cooperation (APEC) Business Advisory Council (ABAC) Meeting (the second Meeting) successfully concluded in Hong Kong on 25 April.  Co-organised by ABAC Hong Kong, China and the Hong Kong Trade Development Council, the second Meeting was attended by over 200 ABAC delegates and staffers from all 21 APEC member economies.  Under the theme “People.  Business.  Prosperity.” for ABAC 2024, the four-day meeting commenced on 22 April and focused its discussions on business sector priorities in the key areas of trade and investment facilitation, digital transformation, sustainability and inclusion.  ABAC delegates deliberated on emerging challenges to free trade and their potential impact on undermining economic progress, and put forward a set of recommendations to APEC ministers to address these urgent issues.  The Chief Executive of the Hong Kong Special Administrative Region, Mr John Lee, hosted a welcome dinner for the ABAC delegates on 23 April.

More details here.

Speech by CE at the welcome dinner here.
Digital Economy Summit 2024
The Digital Economy Summit 2024 was held on 12 to 13 April at the Hong Kong Convention and Exhibition Centre (HKCEC) with the theme “Smarter Technovation for All: Forging a Sustainable Future”.  The two-day Summit attracted over 4 000 attendees from close to 40 countries/regions to listen to insights from over 100 renowned technology visionaries, industry pioneers and business leaders from home and abroad on how cutting-edge technologies and innovative applications are reshaping the urban landscape and modern digital economy from the perspectives of sustainability, connectivity, and resilience.  The Innovation, Technology and Industry Bureau organised the Business of Innovation and Technology Week in April, which included the government-funded innovation and technology signature events, the Digital Economy Summit and the InnoEX, as well as the inaugural Hong Kong World Youth Science Conference.  The InnoEX was held at the HKCEC from 13 to 16 April, showcasing next-generation smart solutions and ground-breaking innovative technologies.

More details here.
New Capital Investment Entrant Scheme attracts strong response in first month
The New Capital Investment Entrant Scheme (the Scheme) has seen good response since its launch on 1 March, recording double-digit applications and over 1 600 enquiries in the first month.  This reflects the strong confidence among high-net-worth individuals in the stable business environment and the diverse business opportunities in Hong Kong.  An eligible applicant must make an investment of a minimum of HK$30 million in the permissible investment assets.  A successful applicant may bring dependents (including spouse and unmarried dependent children aged under 18) to Hong Kong.  Permission to stay will normally be granted to them for two years.  Upon expiry of the two-year period, they may apply for an extension of stay for three years, and may subsequently apply for further extensions of stay for three years.  They may, upon a period of continuous ordinary residence in Hong Kong of not less than seven years, apply to become Hong Kong permanent residents in accordance with the law.

More details here.

The Scheme's website.
Hong Kong Pop Culture Festival presents city’s diverse pop culture
The second Hong Kong Pop Culture Festival opened on 6 April at the central lawn of Victoria Park for public to explore the multifaceted charm of Hong Kong’s pop culture in interesting and interactive ways.  Presented by the Leisure and Cultural Services Department, this year’s festival is themed around “Arts and Action”, taking audiences on a journey through time to experience the dynamic inheritance, diffusion, integration and breakthroughs of the city’s pop culture.  Apart from the opening programme, the large-scale outdoor music carnival “ImagineLand”, the second edition of the festival offers a broad range of programmes, their formats covering stage performance, thematic exhibition, film screening, and library and outreach activities.  Its rich content spans across literature, various art forms and martial arts, clearly showcasing how Hong Kong’s vibrant and diverse pop culture stands out from the rest.  Many programmes this year are dedicated to three masters - literary legend Jin Yong, famed lyricist James Wong and composer Joseph Koo.

More details here.

More details on Hong Kong Pop Culture Festival here.
HKETO events
Director of HKETO Sydney attended the 2024 Young Professionals Alliance event organised by the Victoria Chapter of the Hong Kong Australia Business Association (HKABA)
The Director of HKETO Sydney, Miss Trista Lim, attended the 2024 Young Professionals Alliance event “Navigating the Future” organised by the Victoria Chapter of the HKABA on 18 April.  Miss Lim promoted Hong Kong’s important position as an international business and financial hub with its close connectivity to the world and unique advantages under “one country, two systems”.  She highlighted various forward-looking policies in the 2024-25 Budget to boost economic growth and strive for high-quality development.  On attracting enterprises and talent, Miss Lim said that through the Office for Attracting Strategic Enterprises (OASES), 50 high-powered, high-tech companies have chosen Hong Kong to set up or expand their business, bringing more than US$5 billion investment to the economy, while creating some 13 000 jobs over the next few years.  Around 110 000 talents and professionals have already arrived in Hong Kong in the past year or so under various talent admission schemes.
HKETO supported 2024 Australian Dragon Boat Championships
HKETO supported the 2024 Australian Dragon Boat Championships held at Champion Lakes, Perth from 17 to 21 April to showcase Hong Kong’s dynamism and uniqueness.

Speaking at the Welcome Function on 16 April, the Director of HKETO Sydney, Miss Trista Lim, promoted Hong Kong as Asia’s Events Capital, noting that nearly 150 mega events will be held in the city throughout the year, particularly the Hong Kong International Dragon Boat Races in coming June, Hong Kong Cyclothon, French May 2024 and Hong Kong Wine and Dine Festival.  Miss Lim also shared the latest sports development in Hong Kong and highlighted the proactive initiatives rolled out by the Government to attract enterprises, investment and talent.

Miss Lim attended the opening ceremony on 17 April and presented the awards to the winning teams of the races named under HKETO.  During the five-day races, 68 clubs with over 2 500 athletes from around Australia and New Zealand competed for the Championships across different ages, classes and distances.
Director of HKETO Sydney attended the Meet and Mingle Professional Networking Event co-organised by the Queensland Chapter of the HKABA and the Sunnybank Chamber of Commerce
The Director of HKETO Sydney, Miss Trista Lim, attended the Meet and Mingle Professional Networking Event co-organised by the Queensland Chapter of the HKABA and the Sunnybank Chamber of Commerce on 10 April.  Miss Lim introduced the Government’s initiatives on attracting enterprises, investment and talent, noting that the OASES has attracted nearly 50 such companies to expand their business in Hong Kong.  Miss Lim also shared the Government’s efforts to proactively promote the mega event economy in Hong Kong and encouraged all to visit Hong Kong to see first-hand the enormous opportunities in the Asia’s World City.
Upcoming events
  Global Talent Summit (Hong Kong)
To be held from 7 to 8 May, the inaugural Global Talent Summit brings together Mainland and overseas government representatives, scholars, business leaders and representatives of various trades and human resources agencies, aiming to showcase Hong Kong’s distinctive advantages of enjoying the strong support of the motherland and being closely connected to the world under the “one country, two systems” principle, as well as the charm of an international talent hub.  The Summit promises an immersive and enriching experience for attendees.  With its focus on global talent trends, knowledge exchange and career connections, the Summit is set to empower attending individuals and organisations to strive together with Hong Kong as the global talent hub.

More details here.
  Asia Summit on Global Health 2024 (Hong Kong)
To be held from 16 to 17 May, the Asia Summit on Global Health 2024 is a one-stop cross-disciplinary platform that will bring together all stakeholders – from policymakers to healthcare experts to renowned academia and influential business leaders, together with key industry players, innovative start-ups, and investors from around the world to exchange insights, explore opportunities and collaborate on the diverse and dynamic healthcare sector.  Themed “Innovation.Inclusion.Impact”, the Summit will comprise a series of thematic sessions focusing on the latest trends in different medical sectors.  Project pitching and deal-making meetings will also be organised to facilitate business discussions and investment partnerships.  InnoHealth Showcase, a dedicated exhibition area featuring global healthcare projects and technologies will be staged alongside the Summit.

More details here
  Chinese Culture Festival (Hong Kong)
From June to September, the Chinese Culture Festival will be held for the first time to enhance the public’s appreciation of Chinese culture, and cultivate national identity and cultural confidence.  The inaugural Chinese Culture Festival features a dazzling array of programmes, in particular the performances of the Chinese Opera Festival, a signature event of the Leisure and Cultural Services Department.  Other attractions include outstanding local arts projects recognised by the China National Arts Fund, and a myriad of events in collaboration with arts organisations, such as music, dance and multi-arts stage performances, film shows, exhibitions, talks, meet-the-artists sessions and masterclasses.  In addition to local organisations, outstanding arts troupes from different provinces and cities in the Mainland will also be invited to perform in Hong Kong to promote exchanges between different regions or cultural sectors and encourage their integration.

More details here.
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