HONG KONG ECONOMIC AND TRADE OFFICE [Brussels]
HIGHLIGHTS
02. Hong Kong Carbon Neutrality 2050 08. Hong Kong’s rankings at a glance
06. Year of the Ox – Hong Kong Stamps 10. Quality Migrant Admission Scheme and others 06. Asian Financial Forum Jan 2021 11. Hong Kong technologies to combat 07. Hong Kong Laureate Forum Nov 2021 Covid-19
HONG KONG Carbon Neutrality by 2050
NEWSLETTER - JANUARY 2021 Mrs Carrie Lam, the Chief Executive of the Hong Kong Special Administrative Region. Chief Executive’s 2020 Policy Address The Chief Executive of the Hong Kong Special Administrative Among other things, the HKSAR will strive to achieve Region (HKSAR), Mrs Carrie Lam, delivered her annual Policy carbon neutrality before 2050. There are measures to Address on 25 November 2020, with measures to support facilitate business to access the Guangdong-Hong Kong- Hong Kong to strive ahead with renewed perseverance. Macao Greater Bay Area (GBA) through Hong Kong.
Hong Kong’s Green Deal Carbon Neutrality by 2050
The following are key initiatives of the HKSAR Government’s Strive to achieve carbon neutrality before 2050 and strategies and proposals to achieve carbon neutrality, update the Hong Kong’s Climate Action Plan in mid- promote green transport and energy efficiency and to 2021 to formulate more aggressive strategies and enhance the quality of life measures
2 Hong Kong News January 2021 January 2021 Contents
Chief Executive’s 2020 Policy Address 2 Hong Kong’s Green Deal – Carbon Neutrality by 2050 2 Unlimited Business Opportunities 4 Guangdong-Hong Kong-Macao Greater Bay Area 4 International Financial Centre 4 Internatioal Aviation Hub 4 International I&T Hub 5 Upholding and Improving the ‘One Country, Two Systems’ Practice 5
Special Stamp Issue to Herald the Year of the Ox 6
Asia Financial Forum 2021 to be Held Online 6
Innovation and Technology 7 Hong Kong Laureate Forum (15-20 November 2021) 7 Hong Kong Scientist Wins Breakthrough Prize for Life Science 7
Common Law and Judicial Independence are the Bedrocks of Hong Kong’s Success 8
Hong Kong’s Rankings at a Glance 8 Hong Kong Remains No. 1 for Economic Freedom 8 Hong Kong was Ranked Fifth in the Global Financial Centres Index 9 Hong Kong was No. 2 among Asian economies and No. 5 globally in the IMD World Digital Competitiveness Ranking 2020 9
Hong Kong Welcomes Talents - Quality Migrant Admission Scheme and others Schemes to Facilitate the Entry of Talents and Professionals 10 Mrs Carrie Lam, the Chief Executive of the Hong Kong Special Administrative Region. COVID-19 – We Fight Together with Resilience, Innovation and Forward-looking Attitude 11 Hong Kong Battles COVID-19 with Local Innovations 11 A New Normal: Resilience of a Digital Economy 13
Develop a modern pulping facility in Webinars 15 EcoPark, Tuen Mun, in the first half of Hong Kong’s Role as Gateway to Mainland 15 2021 to handle recycling of waste paper The Role of Hong Kong as a Global Sourcing hub 15 The Business of (E)Sports in Hong Kong and Mainland China 16 Conduct a comprehensive traffic and Why Hong Kong still Matters for Business 16 transport strategy study and the “Strategic Studies on Railway and Major Culture and Sports 17 Roads beyond 2030” to complement Hong Kong Films Shone in Seven InternationalFilm Festival in Europe in 2020 17 land development planning and housing “Legends of Lion Dance” Exhibition in Antwerp, Belgium 18 supply, and to support sustainable Fashion * Paris * Hong Kong 19 development Hong Kong’s Comics in France 19 Hong Kong’s Golden Lion Winning Filmmaker Pays Tribute to Hometown 20 The MTR Corporation Limited has Hong Kong’s MacLehose Trail: Breathtaking Scenery in the Countryside just a embarked on the detailed planning and Stone’s Throw Away 21 design of the Tung Chung Line Extension, Tuen Mun South Extension, the Northern Welcoming New Officials of the EU Office to Hong Kong and Macao 24 Link and the South Island Line (West)
Hong Kong News January 2021 3 Unlimited Business Opportunities With some 200 new initiatives, reviving Hong Kong’s economy was a key focus of the 2020 Policy Address. Some highlights are – GBA
Support Hong Kong’s insurance industry in establishing Rationalise the Hong Kong-Shenzhen land boundary after-sales service centres in the GBA control points
Implement as soon as possible the arrangement of Support and assist various universities in Hong Kong in using Hong Kong-registered drugs and medical devices their plans to provide education services in the GBA used in Hong Kong public hospitals at The University of Hong Kong - Shenzhen Hospital on a trial basis, and Provide support to the Greater Bay Area Youth extend the policy to cover more designated healthcare Employment Scheme and the Funding Scheme for institutions, drugs and medical devices Youth Entrepreneurship in the Greater Bay Area
Allow traditional proprietary Chinese medicine products Establish the Pan-Greater Bay Area Inward Investment for external use registered in Hong Kong to be registered Liaison Group and sold in the GBA Promote the development of the equine industry in Press ahead with the “Quota-free scheme for Hong the GBA Kong private cars travelling to Guangdong via the Hong Kong-Zhuhai-Macao Bridge”
International Financial Centre
Include pre-profit biotechnology companies listed in Launch the Fintech Proof-of-Concept Subsidy Scheme Hong Kong and stocks listed on the Mainland Sci-Tech to encourage traditional financial institutions to partner Innovation Board meeting certain prescribed criteria with start-ups to conduct Proof-of-Concept projects into the stock universe of the mutual market access programmes Conduct public consultation on the establishment of a licensing regime to monitor virtual asset service Expedite the implementation of the GBA cross-boundary providers wealth management connect scheme
Promote real estate investment trusts (REIT) in Hong Kong, including considering a relaxing the investment restrictions of REIT, broadening the investor base, and providing tax concession for carried interest issued by private equity funds
International Aviation Hub
The Airport Authority of Hong Kong (AAHK) will invest in Zhuhai Airport to reinforce its advantage in aviation
AAHK will develop innovative facilities to consolidate and enhance the development of the airport city
Commence preparation work for cross-boundary commercial helicopter services
4 Hong Kong News January 2021 Upholding and Improving the “One Country, Two Systems” Practice International I&T Hub
Jointly develop the Shenzhen-Hong Kong The “One Country, Two Systems” is the best institutional Innovation and Technology Co-operation arrangement to ensure Hong Kong’s long-term prosperity and Zone with Shenzhen stability after our return to the Motherland. The Chief Executive vowed to ensure the robustness of “One Country, Two Systems” Launch a five-year Global STEM and uphold judicial independence. The Basic Law clearly Professorship Scheme at a cost of stipulates that the HKSAR enjoys independent judicial power, HK$2 billion (EUR 0.22 billion) to attract including that of final adjudication, and that courts in Hong outstanding R&D talent from overseas to Kong shall exercise judicial power independently, free from any engage in R&D work in Hong Kong interference.
Release the Smart City Blueprint for Hong Full report of the 2020 Policy Address: Kong 2.0 in December 2020 with more https://www.policyaddress.gov.hk/2020/eng/index.html than 130 smart city initiatives
Launch the iAM Smart one-stop service platform in December 2020 for delivery of a number of government and public utility electronic services
Photo Credit: www.policyaddress.gov.hk
Hong Kong News January 2021 5 Special Stamp Issue to Herald the Year of the Ox
According to the Chinese zodiac, the ox symbolises strength, resilience, and - of course – bullishness. While we are still fighting the unprecedented COVID-19 pandemic, every crisis brings with it new opportunities for renewal and change. Looking ahead, we may see a year fuel with challenges, and yet it may also be a year of opportunities and hope. Let us embrace the future with optimism, and work together to give full play to the strengths of Hong Kong - always persevere, always strive for excellence, and always look for opportunities for the betterment of Hong Kong. The Hongkong Post will herald the Lunar New Year, which falls on 12 February 2021 (Friday), with special stamp issues themed on Chinese zodiac signs of the coming For more information, please see the website/Facebook year. “Year of the Ox” and “Gold and Silver Stamp Sheetlet of the HongkongPost: on Lunar New Year Animals - Rat/Ox” will be issued on 28 https://stamps.hongkongpost.hk January 2021 to bring joy to this festive season. https://www.facebook.com/HKPStamps
Asia Financial Forum 2021 to be Held Online
The Asian Financial Forum (AFF) in Hong Kong brings FintechHK Startup Salon, Deal Flow Matchmaking together influential members of the global financial and Session, InnoVenture Salon and Global Investment business community for groundbreaking discussions Zone, will be transplanted onto a virtual platform and and exchange of insights on the global economy from continue to provide participants with a comprehensive an Asian perspective. AFF experience.
The 14th AFF, on 18-19 January 2021, will be held online. For more information, please see: All sessions and elements, including Fintech Showcase, https://www.asianfinancialforum.com/aff/
6 Hong Kong News January 2021 Innovation and Technology Hong Kong Laureate Forum (15-20 November 2021)
The inaugural Hong Kong Laureate Forum will take place on workshops, poster sessions and visits to the latest Hong 15-20 November 2021. Shaw Laureates and distinguished Kong scientific development projects, universities and scientists will spend a week in Hong Kong interacting institutes as well as cross-cultural social activities. with about 200 young scientists from around the world, sharing their views, experience and aspirations in various scientific fields. The week of programme will consist of For more details, please visit: world-class intellectual seminars, discussion groups, https://hklaureateforum.org/en/forum-2021/forum-overview
Hong Kong Scientist Wins Breakthrough Prize for Life Science
A Hong Kong scientist’s transformative discovery has won Syndrome. This new method precludes the invasive him the 2021 Breakthrough Prize in Life Sciences, the and risky procedure involved in extracting DNA from a “Oscars of Science”. Professor Dennis Lo, of The Chinese fetus in a womb. Today, more than 7 million noninvasive University of Hong Kong, found that fetal DNA is present genetic fetal screening tests based on Lo’s research are in maternal blood and that it can be used for prenatal performed annually across 90 countries. diagnosis of various genetic disorders, including Down
Hong Kong News January 2021 7 Common Law and Judicial Independence are the Bedrocks of Hong Kong’s Success
Since Hong Kong’s return to the motherland in 1997, Article 82 of the Basic Law provides that the power of final we have successfully implemented “One Country, Two adjudication of Hong Kong shall be vested in the Court of Systems” and maintained the common law system Final Appeal (CFA) in Hong Kong, which may, as required, buttressed by a staunchly independent judiciary which invite judges from other common law jurisdictions to is widely recognised by the international community. sit on the CFA. Since 1997, eminent jurists from other The advantage of Hong Kong is unique, being the only common law jurisdictions have been appointed to common law jurisdiction within China, while at the same the CFA as overseas non-permanent judges. As of end time a gateway to China. Leveraging on our strengths in November 2020, there were 13 overseas non-permanent the free market economy, the rule of law, an independent judges. The fact that these eminent judges sit on the judiciary, and unwavering support from our motherland, CFA testifies to Hong Kong’s judicial independence, Hong Kong has developed into an international financial, helps maintain a high degree of confidence in our legal trade and logistics centre. At the last count, over 9,000 system, and allows Hong Kong to maintain strong links overseas and Mainland companies have established with other common law jurisdictions. offices here in Hong Kong, many of which are using Hong Kong as their regional headquarters. The Law of the People’s Republic of China on Safeguarding National Security in the Hong Kong Special The rule of law and judicial independence are Administrative Region (the National Security Law) does the cornerstone of Hong Kong’s success and are not affect Hong Kong’s judicial independence and the constitutionally enshrined in the Basic Law. Judiciary smooth operation of the judicial system, including independence is of utmost importance to maintaining the CFA. Nor does it affect Hong Kong’s autonomy as Hong Kong as a unique international financial center authorized under the Basic Law. The legitimate rights and business hub. The Government of the Hong Kong of the HKSAR residents and important principles of the Special Administrative Region (HKSAR) is committed to rule of law are expressly protected under the law. It has upholding the rule of law. Article 2 of the Basic Law restored stability and predictability, and brings about clearly states that the Hong Kong enjoys independent an environment conducive to economic and human judicial power, including that of final adjudication while development much desired by all. Hong Kong will Article 8 stipulates that the common law system shall be maintain its capitalist system, practice the common law maintained. Under Article 85 of the Basic Law, the courts system, and uphold judicial independence as provided of Hong Kong shall exercise judicial power independently, by the Basic Law. free from any interference. Members of the judiciary shall be immune from legal action in the performance of Hong Kong will continue to forge ahead as a vibrant, their judicial functions. open and international city. Hong Kong’s Rankings at a Glance Hong Kong Remains No. 1 for Economic Freedom
Hong Kong retained its No.1 ranking in the Economic Freedom of the World 2020 Annual Report by the Canada-based Fraser «hong kong once again ranked Institute, with the city rated top in two of the five categories, namely “Freedom to as world’s freest economy» Trade Internationally” and “Regulation”.
--> Source : Fraser Institute’s Economic Freedom of the World 2020 Annual Report. Photo Credit: Robert Bye / unsplash
8 Hong Kong News January 2021 Hong Kong was Ranked Fifth in the Global Financial Centres Index
Hong Kong was ranked fifth in the Global Financial Centres Index (GFCI) 28 Report published by the Z/Yen from the United Kingdom and the China Development Institute from Shenzhen in September 2020. Among the five areas of competitiveness (namely Business Environment, Human Capital, Infrastructure, Financial Sector Development, and Reputational and General) which were formulated based on data, Hong Kong was ranked top five in all the areas, and in particular attained the third place in the areas of Business Environment and Human Capital.
Hong Kong is the preferred listing and fundraising platform for international and Mainland enterprises. Hong Kong is also the world’s largest offshore Renminbi business centre and the second largest centre in Asia for private equity management.
Hong Kong was No. 2 among Asian economies and No. 5 globally in the IMD World Digital Competitiveness Ranking 2020
If COVID-19 has devastated everything it has touched, it is also spurring a wide- ranging acceptance, and adoption, of digital solutions. Hong Kong has shown remarkable resourcefulness throughout this testing time.
In 2020, Hong Kong raised three ranks to claim the 5th place globally and 2nd among Asian economies in the IMD World Digital Competitiveness Ranking. Hong Kong’s improvement in the overall digital competitiveness ranking is mainly the result of its performance in the technology factor and knowledge. In the former, Hong Kong ranks highest in the technological framework (2nd), and in the latter, in talent (7th). Its strengths include high-tech exports (as a percentage of manufactured exports) and the private sector’s response to opportunities and threats ranking 1st in both, graduates in sciences (2nd) and high-tech patent grants (2nd).
Hong Kong News January 2021 9 Hong Kong Welcomes Talents - Quality Migrant Admission Scheme and others Schemes to Facilitate the Entry of Talents and Professionals
11 Professions in Talent List
The first Talent List of Hong Kong has come into effect since August 2018
Photo Credit: talentlist.gov.hk
Hong Kong welcomes talents from all over the world The Admission Scheme for the Second Generation of to take advantage of the opportunities of this vibrant Chinese Hong Kong Permanent Residents facilitates the Asia’s world city and make their dreams come true. second generation of emigrated Chinese Hong Kong Hong Kong is a place with a well-educated, hard- permanent residents from overseas to return to work in working, efficient and multi-lingual local community Hong Kong; and Immigration Arrangements for Non-local complemented by a large and engaged expatriate Graduates enables non-local graduates to stay and work community that brings skills and global perspectives in Hong Kong. that further enhance the city’s economic and cultural dynamism. Talent is the key to the success of I&T development. The Technology Talent Admission Scheme provides The Hong Kong Special Administrative Region (HKSAR) fast-track arrangements for eligible technology Government has implemented various schemes to companies/institutes to admit overseas and Mainland facilitate the entry of talent and professionals. Ensuing technology talent to undertake R&D work in the areas paragraphs set out summary information of these of biotechnology, artificial intelligence, cyber security, schemes. Please take a look, and act fast to come to robotics, data analytics, financial technologies and Hong Kong – a vibrant, inclusive and forward-looking material science. In addition, the Chief Executive of the city with opportunities that can make your dreams HKSAR proposed in her 2020 Policy Address, delivered come true. on 25 November 2020, launching a five-year Global STEM Professorship Scheme at a cost of HK$2 billion (EUR 0.22 The Quality Migrant Admission Scheme (QMAS) is a billion) to attract outstanding R&D talent from overseas quota-based entrant scheme, seeking to attract highly to engage in R&D work in Hong Kong. skilled or talented persons globally to settle in Hong Kong in order to enhance Hong Kong’s international Moreover, the HKSAR Government has promulgated the competitiveness. At present, the annual quota of the Talent List of Hong Kong to attract high quality talents in QMAS is 2,000. Successful applicants are not required to an effective and focused manner to support Hong Kong’s have secured an offer of local employment before their development into a high value-added and diversified entry to Hong Kong and may bring their dependants to economy. Currently the Talent List comprises 11 the city for settlement. professions. Talents under the List are those who Hong Kong needs most in the immediate to medium term for Overseas, Macao and Taiwan professionals with skills, the development of economy. knowledge or experience of value to and not readily available in Hong Kong may apply to come to work For more details, visit: under the General Employment Policy. https://www.talentlist.gov.hk/en/index.html
10 Hong Kong News January 2021 COVID-19 – We Fight Together with Resilience, Innovation and Forward-looking Attitude Hong Kong Battles COVID-19 with Local Innovations
Hong Kong’s rapid response to the COVID-19 pandemic University innovation plays vital role is – in large part – thanks to the valuable yet painful lessons learned during the 2003 severe acute respiratory Hong Kong’s universities and incubation campuses, syndrome (SARS) outbreak. Hong Kong was able to such as Cyberport and Hong Kong Science Park, played contain the SARS outbreak within months, despite the an important in combating Covid-19 with innovative virus leading to the deaths of 299 people, including technologies – from the mass production of 3D-printed medical workers. This experience explains why, when protective face shields for use in local hospitals to cases of COVID-19 were first confirmed in the city in the adoption of artificial intelligence (AI) for screening January 2020, the Hong Kong Special Administrative travellers suspected of having fevers. Region (HKSAR) Government and the public immediately introduced preventive measures.
In March 2020, the Innovation and Technology Commission of the HKSAR Government launched a scheme to offer up to HK$2 million (EUR 0.22 million) to each project that helps prevent and control the COVID-19 outbreak through trials of local research and development (R&D) innovation.
Measures limit spread of Covid-19 Photo Credit: K.Y. Cheng / South China Morning Post
Germagic Thyme, a germicidal disinfectant spray product invented in Hong Kong, is another example. Its spray- on antimicrobial coating kills 99.9% of viruses for up to three months. Mr Hamilton Hung, co-founder of Germagic Biochemical Technology and the Germagic brand, who is a former student at Hong Kong University of Science and Technology said that conventional ways for disinfecting, or the “instant kill process”, can actually make a surface so clean it ends up inviting pathogens to come back at a more aggressive rate. Therefore, a long-term disinfectant strategy, which is more innovative than traditional sterilization is needed. “That’s the concept behind why we need to have a long-term disinfectant strategy,” Photo Credit: May Tse / South China Morning Post Hung said. “You have a protective layer – a shield for the whole surface, which makes sure of a continuous When the HKSAR Government opened registration for microbe-killing process.” the city’s residents to obtain their CuMasks – a six-layer reusable mask designed to immobilise bacteria and common viruses, and block droplets – about 720,000 applications covering two million people were received on the first day.
The technology – developed by the Hong Kong Research Institute of Textiles and Apparel in 2017 with funding from the government’s Innovation and Technology Fund – won a gold medal at the International Exhibition of Inventions of Geneva 2018. Photo Credit: May Tse / South China Morning Post
Hong Kong News January 2021 11 Hong Kong tech start-ups and the battle clusters and Advanced Manufacturing Centre in Tseung against COVID-19: Robots, rings and rapid Kwan O. tests These efforts have contributed to the number of start- Hong Kong has a thriving entrepreneurial scene supported ups in Hong Kong tripling from 1,065 in 2014 to 3,360 by significant government funding and infrastructure, in 2020. The city’s status as a financial hub has also making the city a hive of innovation. The current term of helped start-ups obtain funding, with venture capital the HKSAR Government has allocated more than HK$100 investment amounted to HK$36.9 billion (EUR 3.98 billion (EUR 10.79 billion) to boost the I&T sector and billion) in 2017-2020. Following are examples illustrating create an innovation ecosystem, including enhancing the innovative Hong Kong start-ups were quick to react start-up support at Cyberport and the Hong Kong Science to the coronavirus pandemic and Technology Parks Corporation, InnoHK research
Photo Credit: May Tse / K.Y. Cheng / South China Morning Post
(a) Creating a robot to kill the (b) Test proves soccer players’ (c) Innovative monitor has nice COVID-19 virus best defence ring to it
Roborn Technology has developed Prenetics, a genetic testing Another Hong Kong start-up, Belun a robot called Unicorn, which uses company, was one of the first Technology, repurposed its Belun ultraviolet light to kill 99.9% of private laboratories in Hong Kong Ring, which is worn on the index COVID-19 particles on surfaces inside to team up with the government to finger and was originally created to buildings. Unicorn is also equipped provide testing services, including screen people for sleep apnoea, to with a 360-degree camera so that it an initiative to conduct tests for enable doctors to remotely monitor can detect and avoid people while it high-risk groups, such as restaurant COVID-19 patients. is cleaning. staff. It has also made an agreement with the English Premier League to provide 40,000 tests for soccer players, coaches and other staff, and has also made the test available in England, through its London office.
12 Hong Kong News January 2021 A New Normal: Resilience of a Digital Economy
Photo Credit: cnbc.com
The global COVID-19 pandemic has exposed weaknesses momentum, the Hong Kong’s Smart City Blueprint 2.0, in companies and economies that lack a strong with more than 130 smart city initiatives, was released digital infrastructure, leaving them unable to execute in December 2020. continuity plans in an emergency. Hong Kong, however, has kept business running, thanks in large part to its digital ecosystem and a well-equipped, future-looking workforce.
Hong Kong’s sophisticated digital ecosystem has enabled the city to continue to function amid adversity. Underpinned by skilled talent, agile enterprises, digitalising supply chains and government support, Hong Kong is providing a blueprint for other places to adopt Government and thrive in the new normal. Government initiatives continue to be the backbone of Hong Kong’s digital transformation. The current leadership has committed over HK$100 billion (EUR 10.79 billion) to I&T development.
The 5G coverage of major mobile network operators is expected to reach 90% of the Hong Kong’s population this year. The HKSAR Government plans to release more 5G spectrum in different frequency bands in 2021 to meet the needs of various 5G applications in terms of Digital Infrastructure speed, capacity and coverage. To further promote the development of 5G application, the HKSAR Government Kick-started with the Digital 21 Strategy in 1998, Hong has extended the application period of the subsidy Kong has developed an impressive information and scheme concerned under the Anti-epidemic Fund for six communications technology (ICT) ecosystem — from its months until May 2021, and have worked with a number vast broadband Internet network, boasting a household of public organisations to encourage the deployment of penetration of over 93%, to the nearly 100,000 people 5G technology in various sectors. that work in ICT. Cybersecurity support at the government level, from the Hong Kong’s Smart City Blueprint released in December Hong Kong Productivity Council’s training and consultancy 2017, has set out a clear and concrete roadmap for services to the cybersecurity information portal’s step- smart city development and planned to make use of by-step guidelines, means companies are safeguarded innovation and technology to address urban challenges against risk at every turn. and enhance Hong Kong’s profile as a business hub. The Hong Kong Special Administrative Region (HKSAR) Skilled Talent Government has committed over HK$900 million (EUR 97.11 million) to provide essential digital infrastructure Incubators, like the Hong Kong Science and Technology for smart city development in the city. To keep up the Parks Corporation, which runs incubation programs,
Hong Kong News January 2021 13 including Incu-Tech, Incu-Bio and Incu-App, bolster the the service provider to provide speedy and cost-effective city’s digital base with investment in talent, technology ODR services to the general public and businesses. and ideas. The scheme will cover disputes arising out of or in relation to COVID-19 directly or indirectly, provided that the claim amount of such dispute is not more than HK$500,000 (EUR 54,000) and either one of the parties to such dispute is a Hong Kong resident or company. Under the scheme, parties will attempt to resolve their disputes through a multi-tiered dispute resolution mechanism comprising negotiation, mediation and arbitration. To make use of the services under the scheme, the parties are required Cyberport provides a one-stop platform for digital to enter into a dispute resolution agreement and only entrepreneurs, from seed funding, to incubation, all the need to pay HK$200 (EUR 22) each as registration fees. way up to co-investments for start-ups reaching Series The scheme was launched on 29 June 2020. A funding. As the city’s FinTech flagship, Cyberport has been entrusted by the HKSAR Government to administer a HK$120 million (EUR 12.95 million) scheme to create jobs and further nurture FinTech talents.
In 2019, HK$50 million (EUR 5.4 million) was allocated to Cyberport to support local and regional competitions and major events, training and promotional programs, as well as sponsoring internships in enterprises, aimed at Hong Kong’s emerging e-sports industry. This funding is part of a broader strategy to boost industries across the digital ecosystem. Supply Chains
Mindset and Agility of Businesses and With support from local R&D Centres funded by the Employees Innovation and Technology Fund, Hong Kong’s supply chain is becoming increasingly digitized. As the COVID-19 pandemic swept the globe, Hong Kong became an early adopter of remote work, a move aided The Logistics and Supply Chain MultiTech R&D Centre by automation, apps and local start-ups. (LSCM) has helped to produce IoT-fuelled fast-track clearance, smart cargo locating services and VR training. The city’s numerous civil servants also made the switch quickly, with the support of everything from mobile The Electronic Business System (eBS), meanwhile, has technology to guidelines from the government helping given the shipping industry a shot in the arm. The eBS remote workers to cope with uncertainty and isolation digitizes all port formalities and other shipping-related during this difficult time. documents, keeping goods moving freely.
Dispute Resolution and Deal Making Meanwhile Alibaba and the Hong Kong International Airport have begun work on a fully automated, smart Hong Kong’s eBRAM International Online Dispute logistics hub that will use large-scale robotics to facilitate Resolution Centre Limited (eBRAM Centre) is pioneering shipments and improve trade. That project is set to a completely digitized dispute resolution system. launch in 2023.
eBRAM Centre, a local non-governmental organisation, Prepared for the Future founded by members from major stakeholders in the legal and related sectors, has been developing an online Hong Kong’s digital ecosystem, strengthened by emerging platform that will provide one-stop cross-border dispute technology and government support, has enabled the city resolution services to enterprises worldwide. to continue to function in the face of adversity. Its secret weapon — its well-prepared, digital-savvy population — In anticipation of an upsurge of disputes arising from keeps it humming along. or relating to the COVID-19 pandemic, the HKSAR Government announced on 8 April 2020 the establishment With all these pieces in place, Hong Kong is providing a of the COVID-19 online dispute resolution (ODR) Scheme blueprint for other cities and countries to emerge better which is operated independently by eBRAM Centre as equipped in the new normal.
14 Hong Kong News January 2021 Webinars To overcome cross-border travel restrictions and social associations in different European countries to promote distancing constraints arising from COVID-19 pandemic, business opportunities of Hong Kong to companies and the Hong Kong Economic and Trade Office in Brussels entrepreneurs in different European countries. Here (HKETO in Brussels) adopted the live streaming IT under are some examples. solution to co-organise webinars with various business
Photo Credit: Dan Freeman / Unsplash WEBINAR: Hong Kong’s Role as Gateway to Mainland september 22, 2020
The Financial Secretary of the Hong Kong Special underpin the city as an international financial, trading Administrative Region (HKSAR) Government, Mr Paul and commercial centre. Addressing concerns about the Chan, attended a webinar entitled “How Hong Kong National Security Law in Hong Kong, Secretary Chan continues to be a gateway to China” on 22 September highlighted that the purpose of the National Security 2020 to reaffirm to European entrepreneurs that Hong Law is to ensure a safe and stable environment for Hong Kong continues to be the unique business bridge Kong, which is essential for the continued prosperity between the Mainland and the rest of the world. of the city. The National Security Law will not change the high degree of autonomy, the judicial independence Secretary Chan assured the audience that Hong Kong’s and the rule of law that have long distinguished Hong strong fundamentals, including the rule of law and judicial Kong. The legitimate rights and interests of people and independence, free flow of information and capital as businesses in Hong Kong will not be affected. well as a low and simple tax system, would continue to
WEBINAR: The Role of Hong Kong as a Global Sourcing Hub september 16, 2020
The HKETO in Brussels, Invest Hong Kong (InvestHK) and infrastructure and highly efficient logistics network, as the Netherlands Hong Kong Business Association (NHKBA) well as its highly competitive business environment, co-hosted a webinar entitled “Your Purchase Centre in are fundamental strengths of Hong Kong as a premier Hong Kong” on 16 September 2020 to promote the role sourcing hub. She added that Hong Kong, as a separate of Hong Kong as a global sourcing hub. customs territory, has signed free trade agreements as well as investment promotion and protection agreements At her opening remarks delivered at the webinar, the with various economies in order to open more markets Deputy Representative of the HKETO in Brussels, Miss and remove market impediments, thereby further Fiona Chau, highlighted that Hong Kong’s strategic strengthening Hong Kong’s status as an investment, location at the heart of Asia, its world-class transportation financial and logistics hub in the region.
Hong Kong News January 2021 15 Photo Credit: Joe Neric / Unsplash WEBINAR: The Business of (E) Sports in Hong Kong and Mainland China november 24, 2020
If you are a frequent traveller to Hong Kong, or living sporting events. Miss Chau added that the Kai Tak Sports in Hong Kong, you know that Hong Kong is not only an Park, which is targeted to be completed in 2023, will international financial and business centre, but also a be the home of Hong Kong’s current and future major sports hub with a year-round calendar of world-class sports events. The Park will provide a wide variety of sporting events. sports facilities, including a Main Stadium with a fixed seating capacity of 50,000, an Indoor Sports Centre with The HKETO in Brussels, InvestHK and the NHKBA co- a seating capacity of up to 10,000, a bowling centre with hosted a webinar entitled “The Business of (E)Sports in 40 lanes and a public sports ground with 5,000 seats. HK and Mainland China” on 24 November 2020. Speaking at the webinar, the Deputy Representative of the HKETO Miss Chau also pointed out that the e-sports venue in Brussels, Miss Fiona Chau, highlighted the efforts in the Cyberport, which commenced operation in July of the HKSAR Government to promote Hong Kong as a 2019, will develop into a flagship e-sports-cum-digital sports hubs with year-round spectacular international entertainment centre in Hong Kong.
Photo Credit: Florian Wehde / Unsplash WEBINAR: Why Hong Kong still Matters for Business december 1, 2020
The Special Representative for Hong Kong Economic and regional offices and local offices responded to the survey. Trade Affairs to the European Union, Mr Eddie Cheung, Despite the turbulence in past year, more than half of joined three Belgians who are doing business in Hong them indicated that they have no plan to leave Hong Kong as panelists in a webinar co-organised by the Kong and their business plans remained unchanged. 15% HKETO in Brussels and the Belgium Hong Kong Society. of them indicated they would expand business in Hong Kong in the next three years. It is also worth noting that Mr Cheung shared with the audience the outcome of the respondents to the survey also quoted rule of law and “2020 Annual Survey of Companies in Hong Kong with independent judiciary as two major favourable factors of Parent Companies Located outside Hong Kong” published doing business in Hong Kong. on 27 November 2020. 9,025 regional headquarters,
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16 Hong Kong News January 2021 The Cinematheque Program of the Thessaloniki International Film Festival (TIFF) held in Thessaloniki, Greece from 11 to 14 October 2020, which was dedicated to pay tribute to Hong Kong filmmaker Fruit Chan, started with a full house. Addressing the audience at the TIFF on 11 October 2020 via video, the Deputy Representative of the HKETO in Brussels, Miss Fiona Chau, thanked the organiser for its efforts in bringing four of Fruit Chan’s works to Greek audiences. Culture and Sports Hong Kong Films Shone at Seven International Film Festivals in Europe in 2020
To continue to promote Hong Kong films to European audiences, the Hong Kong Economic and Trade Office in Brussels (HKETO in Brussels) collaborated with Create Hong Kong to support the participation of Hong Kong films in seven film festivals in Europe in 2020. They are – A young talent from Hong Kong, Lo Chun-yip (left), who starred in “Suk Suk” and Offscreen Film Festival 2020 in Brussels, “Fagara”, participated in a Q&A session at the CinemAsia Film Festival in Amsterdam, Belgium, on 4 – 13 March 2020 the Netherlands on 5 March 2020 to talk with the audience about his experience in Hong Kong film production. CinemAsia Film Festival 2020 in Amsterdam, the Netherlands, on 4 – 8 March 2020
Far East Film Festival in Udine, Italy, on 26 June – 4 July 2020
Asian Summer Film Festival in Vic, Spain, on 23 – 27 July 2020
Salento International Film Festival in Tricase, Italy, on 1 – 16 September 2020
International Fantastic Film Festival of Catalonia, Spain, on 8 – 18 October 2020 At the Salento International Film Festival in Tricase, Italy on 1 September 2020, the Asian Film Festival Barcelona, Deputy Representative of the HKETO in Brussels, Miss Fiona Chau (left), delivered a Spain, on 23 November – 8 December 2020 speech in which she thanked the organiser for its efforts in bringing Hong Kong films to Italian audiences amid the challenging circumstances caused by COVID-19 pandemic.
Hong Kong News January 2021 17 --> Four Hong Kong movies participated at the Asian Summer Film Festival in Vic, Spain, on 23 – 27 July 2020. « Ip Man 4: The finale » directed by Wilson Yip, « Enter the Fat Dragon » directed by Wong Jing and Kenji Tanigaki, « i’m livin’ it » directed by Wong Hing Fan, « Chasing the Dragon II: Wild Wild Bunch » directed by Jason Kwan, Wong Jing.
<-- Director of the Festival Foundation, Mònica Garcia Massagué (left) and Artistic Director, Àngel Sala of the International Fantastic Film Festival of Catalonia, Spain, continue to support Hong Kong’s movies in Spain.
“Legends of Lion Dance” Exhibition in Antwerp, Belgium
Have you ever watched a festive lion dance performance? Do you know how the lion heads are made and how this traditional craft has been passed down generations of artisans in Hong Kong, as well as the stories and legends associated with the Chinese New Year? You can find the answers in Antwerp, which has the biggest community of Hong Kong emigrants in Belgium.
Since 2017, the colourful “Legends of Lion Dance” exhibition has been held in Antwerp, Belgium from mid-January to early February each year to showcase Hong Kong’s cultural heritage and traditional crafts and celebrate the Chinese New Year. The HKETO in Brussels and the Belgium-Hong Kong Society has been supporting Asian Events Tofoe, a non-profit-making organisation established by Hong Kong second-generation community The colourful “Legends of Lion Dance” exhibition was held in the port city members in Antwerp, to organise the exhibition. Live of Antwerp, Belgium, from 11 January - 2 February 2020 to showcase Hong lion dances were included in the programme, and guided Kong’s cultural heritage and traditional crafts and celebrate the Chinese New tours, in particular for schools, were provided. Year. Photo shows the lion dance performance at the opening ceremony.
18 Hong Kong News January 2021 Presentation of Ka Wa Key Fashion * Paris * Hong Kong
Paris is one of the fashion capitals of the world. There is a saying that this all started in the 17th century by the “Sun King” Louis XIV, an icon of glamourous clothing then. Nowadays the Sun King’s baton is taken up by designers from all over the world, including Hong Kong. Presented by the Fashion Farm Foundation, and sponsored by the HKETO in Brussels as well as Create Hong Kong, two Hong Kong labels, From Another Planets and Ka Wa Key, presented their Autumn/Winter 2020 collections at the Paris Fashion Week from 24 February to 4 March 2020. In addition, six Hong Kong designers, namely Anaïs Jourden, Cynthia & Xiao, From Another Planets, FromClothingOf, Ka Wa Key, W;ink, Yah! and Yeung Chin showcased their products. Looking for designer clothes? Think Hong Kong. Presentation of From Another Planets
Hong Kong’s Comics in France
Hong Kong’s comics have already landed in France. Invited by the Louvre, Hong Kong comic artist Li Chi-tat has published a Lourve-themed comic book in French; and manga artist Yanai’s “Frankenstein Family” has a French version as well. Both of them presented their works at the 47th Angoulême International Comics Festival in France on 29 January – 2 February 2020. They were joined by three Hong Kong comic artists: Lau Kwong- shing, Moses lu Hei-lun and Bonnie Pang. Please check their names out in your local bookstores. You may be pleasantly surprised.
Live drawing demonstration by Lau Kwong-shing at the Angoulême International Comics Festival.
Hong Kong News January 2021 19 Photo Credit: labiennale.org Hong Kong’s Golden Lion Winning Filmmaker Pays Tribute to Hometown
Hong Kong’s acclaimed film director Ann Hui, who received a Golden Lion award for Lifetime Achievement at the 77th Venice Film Festival (8 September 2020) said she wanted to “revert this honour back to Hong Kong”. Ann Hui, 73, who directed more than 30 films in a career spanning five decades, explored multiple themes set in Hong Kong.
She has won more best director awards at the Hong Kong Film Awards than anyone else with six awards and she is the only director having won the Grand Slam for Hong Kong Film Awards (meaning that a film won best picture, best director, best screenplay and best actor and actress at the same time). Her ability in directing actors and carving memorable female characters interpreted by major film stars including Maggie Cheung Song( of the Exile), Deanie Ip (A Simple Life) and Tang Wei (The Golden Era) among others is testified by the several prizes for best actresses that her films have received. Her career has confirmed her as one of the best female directors in Asia. Ann Hui.
20 Hong Kong News January 2021 Hong Kong’s MacLehose Trail: Breathtaking Scenery in the Countryside just a Stone’s Throw Away
Opened on October 26, 1979, the MacLehose Trail was the natural scenery, interesting historical relics and a wide first long-distance hiking trail in Hong Kong, traversing range of wild fauna and flora while winding past the from east to west through eight country parks, namely coastline, rugged mountains, valleys and reservoirs to Sai Kung East, Sai Kung West, Ma On Shan, Lion Rock, Kam provide a diverse outdoor experience for hikers. Shan, Shing Mun, Tai Mo Shan and Tai Lam. As the most representative hiking trail in Hong Kong and having been MacLehose Trail is suitable for everyone, from kids to named as one of the world’s 20 dream trails by National hard-core hikers, because it’s split into stages and has Geographic magazine, the 100-kilometre MacLehose Trail become well-maintained with better signage. Let’s enjoy is divided into 10 sections which embrace magnificent the breathtaking scenery of this trail.
Hong Kong News January 2021 21 hong kong’s maclehose trail
22 Hong Kong News January 2021 Hong Kong News January 2021 23 Welcoming New Officials of the EU Office to Hong Kong and Macao Key officials of the EU office in Hong Kong and Macao received Mr Gnocchi and Mr van Hattum at the Hong have changed, with Mr Thomas Gnocchi as the Head Kong Economic and Trade Office in Brussels on 26 of the Office since September 2020, and Mr Walter van August 2020 and 26 November 2020 respectively. Mr Hattum as the Head of the Trade Section since January Cheung wished them settling well in Hong Kong and 2021. Before their departure for Hong Kong, Mr Eddie looking forward to working closely with them to further Cheung, the Special Representative for Hong Kong the closer ties between Hong Kong and the EU. Economic and Trade Affairs to the European Union,
Mr Eddie Cheung (left) and Mr Thomas Gnocchi (right) Mr Eddie Cheung (left) and Mr Walter van Hattum (right)
News January 2021
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