Director of the Hong Kong Economic and Trade Office (Toronto) (HKETO), Ms Emily Mo, joined the “Opportunities for Canadian Companies: The Guangdong-Hong Kong-Macao Greater Bay Area” (GBA) webinar to discuss new opportunities arising from the GBA development for Canadian businesses. This webinar was hosted by the Hong Kong-Canada Business Association (HKCBA) (Ottawa Section) on October 22.
In delivering the welcome remarks, Ms Mo updated participants on the latest COVID-19 situation in Hong Kong. “Hong Kong experienced its third wave of pandemic in summer. With the concerted efforts of the Hong Kong Special Administrative Region (HKSAR) Government and its citizens, the situation is now under control and the city is rebounding gradually,” Ms Mo said.
“Businesses have re-opened and theme parks also opened their doors to local guests. In addition, Hong Kong and Singapore recently reached an in-principle agreement to establish a bilateral Air Travel Bubble,” Ms Mo added.
On the economic front, Ms Mo said that Hong Kong always has the continued support from the economic growth of the mainland of China. “Canada’s total exports and imports with China represented 6.9% of its global merchandise trade thus far this year, and the highest share on record,” Ms Mo said.
Ms Mo also presented on the latest development of the GBA, a fast-developing economic region in China. “The GBA is a mega city cluster with a population of 69 million and a gross domestic product of more than US$1.5 trillion,” she said.
The vast business opportunities presented by the GBA development are available to overseas companies when they make use of the Hong Kong platform. “Hong Kong has always been the business bridge between the mainland of China and the western world. The city’s institutional strengths and fundamentals are recognised widely on the global stage,” Ms Mo said.
“To cite a few examples, Hong Kong topped the rank again as the world’s freest economy by the Ottawa-based Fraser Institute in September; Hong Kong led the world in funds raised through Initial Public Offerings in 2019; and Hong Kong is a much sought-after place for secondary listing of Chinese companies," Ms Mo said.
Regarding some recent speculation of Hong Kong’s rule of law and freedoms being possibly undermined, Ms Mo took the opportunity to clarify that the crimes stipulated in the National Security Law should not bother the business operators who have no intention to commit those crimes. "The rule of law as well as the various legitimate rights and freedoms are the fundamental core values of Hong Kong and are much cherished by the government and community," Ms Mo said.
Moderated by President of HKCBA (Ottawa Section), Ms Amy Willis, the webinar was also joined by Hong Kong Trade Development Council Director for Canada, Mr Andrew Yui and Head of Investment Promotion of HKETO, Mr Christopher Chen. Mr Chen presented on the services offered by InvestHK to Canadian companies for investing and setting up in Hong Kong.
香港駐多倫多經濟貿易辦事處（香港經貿處）處長巫菀菁於十月二十二日參與由港加商會（渥太華）舉辦的 「加拿大企業在粵港澳大灣區的發展商機」 網上研討會，探討粵港澳大灣區（大灣區）發展為加拿大企業帶來的新機遇。