Blog

Last week, I led a delegation of around 40 representatives from the innovation and technology (I&T), finance, and business sectors to Riyadh, Saudi Arabia, to participate in the ninth edition of the Future Investment Initiative (FII). At the summit, we showcased Hong Kong’s latest developments and emerging opportunities to international investors and business leaders gathered in Saudi Arabia, while also engaging in in-depth discussions on global macroeconomic trends. The visit also facilitated the signing of multiple agreements and Memoranda of Understanding (MoUs) between delegation members and local partners, further strengthening exchanges and collaboration in key areas such as I&T, fintech and the digital economy.

The Fourth Plenary Session of the 20th Central Committee of the Communist Party of China (CPC Central Committee) was successfully held last week. The session adopted the Recommendations of the CPC Central Committee for Formulating the 15th Five-Year Plan for Economic and Social Development (15th Five-Year Plan), which lays out a comprehensive and strategic roadmap for our country's social and economic development over the next five years. At the time when the Fourth Plenary Session was held, I led a delegation from the Hong Kong Special Administrative Region (HKSAR) to visit the Beijing Municipal Administrative Center and the Xiong'an New Area in Hebei. Witnessing the dramatic transformations in the two regions in just a few years was both impressive and enlightening for me and many members of our delegation. We agreed that the experiences of the two regions offer valuable insights and references for the future development of Hong Kong's Northern Metropolis.

I have just concluded my visit to New York and Washington, D.C. in the United States (US). While in Washington, D.C., I attended the Annual Meetings of the International Monetary Fund (IMF) and the World Bank Group (WBG) as a member of the Chinese delegation. I also met with representatives from various local think tanks to gain deeper insights into the views of global political and business leaders, experts and academics on a range of pressing international issues. In New York, I engaged with representatives from major local business chambers, financial institutions and think tanks to brief them on Hong Kong’s latest developments and competitive advantages, as well as to better understand their views and concerns. These efforts help strengthen the foundation for further co-operation with the US in trade, commerce and finance.