Director of the Hong Kong Economic and Trade Office (Toronto) (HKETO), Ms Emily Mo, attended the "Reimagining the Future of Finance: Opportunities in Hong Kong and Asia for Canadian Companies" webinar on December 8 to update the Canadian business community on Hong Kong’s latest economic development and the city's competitiveness as an international financial centre, as well as its active role in national development and the abundant opportunities for Canadian businesses.
In her welcome remarks, Ms Mo shared with participants that Hong Kong's economy is back on track in 2021 and the city's real GDP expanded 7% year on year. "Our goods trade reached a record high of nearly USD 1 trillion in the same period, surpassing our previous high in 2018," she continued.
Ms Mo highlighted that Hong Kong’s business advantages have been reaffirmed by the international rankings and indices. “In September this year, the Global Financial Centres Index ranked Hong Kong the third place and the Fraser Institute once again crowned Hong Kong the world's freest economy. Last year, Hong Kong is also the third destination for foreign direct investment, and the second-largest destination worldwide for Canadian direct investment abroad flow," Ms Mo said.
Ms Mo added that the optimistic prospects for Hong Kong’s future are affirmed by China's National 14th Five-Year Plan, which supports Hong Kong’s further development as an international financial, transportation and trading centre, a global offshore Renminbi business hub, an international asset and risk management centre, as well as a green and sustainable finance hub.
Besides, the development of the Guangdong-Hong Kong-Macao Greater Bay Area supports the expansion of mutual access between the financial markets of Hong Kong and the Mainland. "This year, the Southbound Trading under Bond Connect and the Greater Bay Area Cross-boundary Wealth Management Connect Scheme were introduced. These schemes enabled customers in mainland China and Hong Kong to engage in cross-border investment in bond and wealth-management products," Ms Mo said.
Before closing, Ms Mo reiterated the opportunities offered by the Association of Southeast Asian Nations and the Regional Comprehensive Economic Partnership, and encouraged Canadian companies to seize the vast opportunities emerging in the markets of mainland China, Asia and beyond.
The webinar was co-organised by the HKETO, Invest Hong Kong, Hong Kong-Canada Business Association (HKCBA), Hong Kong Trade Development Council and the Government of Canada. It was moderated by the President of HKCBA Edmonton Section Dr. William Wei, and featured a question-and-answer session in which panel speakers exchanged views with participants on topics including opportunities for Canada companies as well as the Hong Kong Special Administrative Region Government’s policies and support for the business sectors.
巫菀菁在致歡迎辭時，向與會者分享香港的經濟在二Ｏ二一年已經重回正軌，香港的實質本地生產總值按年增長7%。巫菀菁續說：「我們的貨物貿易額在同期也創下新高達到接近 1 萬億美元，超過了二Ｏ一八年的高位。」