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Building a Vibrant Economy and Striving for Development (24.3.2024)

A number of large-scale financial mega events are being held in Hong Kong in this quarter. Following the Asian Financial Forum in January and Hong Kong Green Week in February, the Financial Mega Event Week will be held this week. Among the events is the Wealth for Good in Hong Kong Summit organised by the Government.

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Seeking New Opportunities in a Changing World (17.3.2024)

In recent years, the international trade landscape has been rapidly evolving. While the traditional European and United States (US) markets remain important to Hong Kong's exports of goods, their shares have seen notable declines. For instance, the share of exports to the US dropped from 18.6% in 2003 to 6.5% last year, and that to the European Union also dropped from 10.5% to 6.6% over the same period. On the other hand, the share of exports to the Association of Southeast Asian Nations rose from 6.1% in 2003 to 7.9% last year, making the group of countries Hong Kong's second largest export market after the Mainland. The share of exports to the Middle East also rose to 3.3%.

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Accelerate the Development of New Quality Productive Forces (10.3.2024)

Over the past week, the society has focused its attention on the "Two Sessions" held in Beijing, including President Xi Jinping's important speech at a delegation meeting and the delivery of the Government Work Report by Premier Li Qiang. The market has gained insights from the events about the overall fundamentals of the Mainland economy, assessment of its economic prospects, as well as the direction, focus, measures and indicators of the country's future development. These all serve as important guidelines for our efforts in promoting economic development in Hong Kong. The following are some of my preliminary observations.

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