Director of the Hong Kong Economic and Trade Office (Toronto) (HKETO), Ms Emily Mo, paid a visit to Winnipeg on October 18 and 19 to promote to the business community in the province of Manitoba that Hong Kong is an ideal business partner of Canadian companies to explore the Asia market and beyond.
On October 18, Ms Mo held a short meeting with the Minister of Advanced Education, Skills and Immigration, Mr Jon Reyes, to brief him on the latest development of Hong Kong as well as to exchange views on how to strengthen the ties between Hong Kong and Manitoba. She also met with the Consul General of the People’s Republic of China in Toronto, Mr Han Tao, and update him on the work of HKETO and discussed with him on issues of mutual interests.
In the evening, Ms Mo attended and spoke at the gala dinner organised by the Manitoba Federation of Chinese Canadian Entrepreneurs (MFCCE) and updated the participants on the latest economic situation of Hong Kong, the advantages of doing business in Hong Kong, and Hong Kong’s role as the ideal gateway to the Mainland of China, Asia and Indo-Pacific region.
On the advantages of Hong Kong, apart from being an open and free market, the city has a favourable tax regime, easy listing process, absence of capital controls and good regulatory framework, Ms Mo highlighted that Hong Kong has once again been ranked by the Fraser Institute as the world’s freest economy. “The International Institute for Management Development's World Talent Ranking 2021 ranked Hong Kong number 1 in Asia, 11th in the world, and the World Investment Report 2021 published by the UN Conference on Trade and Development ranked Hong Kong the world’s third-largest recipient of foreign direct investment,” Ms Mo continued.
Turning to Hong Kong-Canada trade relations, Hong Kong has remained one of Canada’s top ten trading markets in the past decade. “Hong Kong continues to have a distinct relationship with Canada. According to a study on the Canada-Hong Kong economic relations released by the China Institute at the University of Alberta in January this year, the strong people-to-people ties of Canada and Hong Kong helped promote bilateral trade ties,” Ms Mo said.
In terms of being a gateway to doing business in Asia and Indo-Pacific, Ms Mo said that China’s National 14th Five-Year Plan and the Guangdong-Hong Kong-Macao Greater Bay Area Development continue to support Hong Kong to enhance its status as an international financial, transportation and trade centre and strengthens Hong Kong’s roles in other areas. “The 14th Five-Year Plan raises for the first time the support for Hong Kong to enhance its status as an international aviation hub, to develop into an international innovation and technology hub and a regional intellectual property trading centre, and to develop into a hub for arts and cultural exchanges between China and the rest of the world,” Ms Mo said.
Before closing, Ms Mo said Hong Kong has recently lifted the mandatory hotel quarantine policy for inbound travellers and she welcomed participants to visit Hong Kong to witness all the new developments themselves.
Ms Mo returned to Toronto at noon of October 19.