Director of the Hong Kong Economic and Trade Office (Toronto) (HKETO), Ms Emily Mo, attended the Lunar New Year Gala Dinner of the Hong Kong-Canada Business Association (HKCBA) Greater Toronto Area (GTA) Section in Richmond Hill on February 23. The gala was graced by the presence of dignitaries including Consul General of the People's Republic of China in Toronto, Mr Han Tao, Senator Victor Oh, Members of Parliament (MP) Shaun Chen and Jean Yip, as well as Markham Mayor Frank Scarpitti. Around 400 guests attended the dinner.
In her welcoming remarks at the gala, Ms Mo shared with the guests on how Hong Kong could be the ideal platform for Canadian companies to expand their businesses and seek new opportunities in Mainland China and the rest of Asia.
Over the years, Hong Kong has been rated as the freest economy, the world’s largest offshore Renminbi hub and Asia’s first fund management hub. Hong Kong also raised the largest amount of initial public offering funds. “In terms of trade with Canada, Hong Kong ranks third as a global destination for Canadian exports of services and Canada’s eight largest merchandise export market,” Ms Mo said.
Ms Mo noted that the Central Government of China has just promulgated the Outline Development Plan for the Guangdong-Hong Kong-Macao Greater Bay Area to promote coordinated economic development in the area. She said the two cross-boundary infrastructures commissioned in Hong Kong last year, namely the Hong Kong-Zhuhai-Macao Bridge and the Guangzhou-Shenzhen-Hong Kong Express Rail Link Hong Kong section, would greatly strengthen Hong Kong’s position and role in the Greater Bay Area development and the Belt and Road Initiative.
Apart from Mainland China, Hong Kong is also the best platform for Canadian companies to tap into the Southeast Asia market. “The Hong Kong- Association of Southeast Asian Nations (ASEAN) free trade agreement will take effect in the months to come, meaning that the business and professional services sectors are set to be presented with more opportunities,” Ms Mo said.
Ms Mo encouraged Canadian enterprises to leverage on Hong Kong’s advantages to diversify and expand their businesses to the ASEAN and Mainland China markets by using Hong Kong as a base or by partnering with Hong Kong service providers.
Earlier this month, Ms Mo also attended the Lunar New Year Gala Dinners organised by the Ottawa, Montreal and Calgary Chapters of HKCBA. She expressed her gratitude to HKCBA for rendering continuous support to HKETO in promoting trade relation between Canada and Hong Kong over the years, and invited Canadian enterprises to visit Hong Kong and seek new business opportunities in the city.
During her stay in Ottawa, Ms Mo paid a courtesy call on Ambassador Extraordinary and Plenipotentiary of the People's Republic of China (PRC) to Canada Lu Shaye. She also met with the Canada-Hong Kong Friendship Group Chair MP Michael Chong, Co-chair of Canada-China Legislative Association MP Joe Peschisolido, and Director General for North Asia and Oceania of Global Affairs Canada Dr Sarah Taylor. Ms Mo also paid a courtesy call on Consul Generals of PRC Chen Xueming and Lu Xu while in Montreal and Calgary respectively.