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News related to
John Lee
Hong Kong – Sailing towards a greener tomorrow
HONG KONG SAR – Media OutReach Newswire – 19 November 2024 – Global business leaders, policymakers and innovators have dropped anchor in Asia’s world city for Hong Kong Maritime Week 2024 (HKMW) (November 17 – 23), an annual flagship event comprising conferences, exhibitions and networking activities under the broad theme of “Navigating to a Greener Future”. The theme of Hong Kong Maritime Week 2024 is “Navigating to […]
Johnson Controls-Hitachi Launches Sustainable Solutions for Commercial HVAC Customers in Singapore
The newly launched high-performance VG and S Series chillers help to reduce greenhouse gas emissions. The new systems align with the National Environment Agency's (NEA) latest initiative to gradually phase out air conditioning equipment that utilises refrigerants with high GWP. Johnson Controls-Hitachi Air Conditioning's energy-efficient HVAC solutions support goals of Singapore's Climate Action Plan 2030. SINGAPORE - Media OutReach Newswire - 29 October 2024 - Johnson Controls-Hitachi [...]
Cushman & Wakefield Takes Best Deal of the Year and Valuation Team of the Year Wins at RICS Hong Kong Awards 2024
Winner for Best Deal of the Year Winner for Valuation Team of the Year HONG KONG SAR - Media OutReach Newswire - 28 October 2024 - Cushman & Wakefield, a leading global real estate services firm, has again been recognized for its leading professional service excellence at the Royal Institution of Chartered Surveyors (RICS) Awards in Hong Kong. The firm was awarded with wins in the Best [...]
JMHO Siu Szeto Kit JP MBE Training Centre Officially Opens in Kowloon
HONG KONG SAR – Media OutReach Newswire – 24 October 2024 – We are delighted to inform that on the occasion of the celebration of the 75th anniversary of the founding of the People’s Republic of China and the 27th anniversary of establishment of HKSAR, the JMHO Siu Szeto Kit JP MBE Training Centre (the”Centre”) opened on 24 October 2024. This Centre is a pivotal step in […]
BERLANDES Launches Innovative Anti-Aging Ovarian Capsules
HANGZHOU, CHINA - Media OutReach Newswire - 22 October 2024 - BERLANDES, a pioneer in cellular regeneration and biotechnology, has announced the launch of its new product, the PCCIDINCT2™ Ovarian Capsules. This revolutionary product aims to support ovarian health and address common reproductive health issues among women, leveraging decades of research and development in biological sciences. Since the end of the last century, BERLANDES has been exploring [...]
Policy Address by Hong Kong SAR’s Chief Executive John Lee: Improving People’s Livelihood in Pursuit of Happiness
HONG KONG SAR – Media OutReach Newswire – 19 October 2024 – John Lee, Chief Executive of the Hong Kong Special Administrative Region, announced his annual Policy Address (October 16), with the overarching priority of improving people’s livelihood and promoting a caring community. “Over the past two years, my team and I have focused on economic growth and on improving people’s livelihood through development, with the well‑being […]
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Policy Address by Hong Kong SAR’s Chief Executive John Lee: New Initiatives to Support High-Quality Development
HONG KONG SAR – Media OutReach Newswire – 18 October 2024 – Promoting high-quality development and expanding Hong Kong’s capacity for economic growth are core elements of the 2024 Policy Address, announced (October 16) by John Lee, Chief Executive of the Hong Kong Special Administrative Region. “Hong Kong is striving to become an international innovation and technology (I&T) centre by promoting the upgrading and transformation of traditional […]
Policy Address by Hong Kong SAR’s Chief Executive John Lee: New Initiatives to Propel Economic Growth
HONG KONG SAR – Media OutReach Newswire – 17 October 2024 – John Lee, Chief Executive of the Hong Kong Special Administrative Region unveiled a range of measures in his 2024 Policy Address (October 16) to inject greater vitality into the economy, focusing on both established and emerging industries. In terms of existing businesses, Mr Lee said the Government would explore new growth areas, specifically by creating […]
Policy Address by Hong Kong SAR’s Chief Executive John Lee: Reform for Enhancing Development and Building Our Future Together
HONG KONG SAR – Media OutReach Newswire – 16 October 2024 – John Lee, Chief Executive of the Hong Kong Special Administrative Region today (October 16) announced his third Policy Address entitled “Reform for Enhancing Development and Building Our Future Together”, setting out a range of initiatives to create new impetus for economic development, improve people’s livelihood and enhance their quality of life. Mr Lee said, “In […]
More than a Million Ordered to Evacuate as Hurricane Milton Nears Florida
Hurricane Milton, now a dangerous Category 5 storm, is on a collision course with Florida’s Gulf Coast, prompting emergency evacuations for over a million residents. As it intensified over the Gulf of Mexico, authorities scrambled to clear vulnerable areas, particularly Tampa Bay, where memories of 2017's Irma fuel concern. With wind speeds of 175 mph, Milton threatens widespread destruction, leading to clogged highways and depleted fuel supplies. [...]
Season Opener – CBRE Lantau 2 Peaks: Chan overcomes leg cramps to take overall Mens while Zhu says the watermelon saved her and helped with her victory
HONG KONG SAR - Media OutReach Newswire - 7 October 2024 – Sometimes in October Hong Kong gets typhoons and thunderstorms, while on rare occasions at the season opener CBRE Lantau 2 Peaks there is blue sky, baking sun with record temperatures well over 30c, which is what happened Sunday, making the climbing over the 934m Lantau Peak and 800m+ Sunset Peak, close to 1900m elevation gain [...]Tipra Motha, Chakma Students Lead Stir In Chittagong Hill Tracts
By Rabindra Nath Sinha KOLKATA: Tripura’s most prominent TIPRA Motha leader Pradyot Kishore Manikya Debbarman (ex-royal scion) and Chakma student outfits are in limelight following their successful protests to highlight atrocities against minorities and indigenous people in Chittagong Hill Tracts (CHT) in Bangladesh. The interesting part is that Debbarman himself leads from the front but […]
Inaugural Realtors Round Table: A Night of Celebration and Recognition
A prestigious accolade in the realtors' community, boasting 199 members in its inaugural year 27 top-tier Millionaire Members, 44 Elite Members, 128 Members from Singapore and Malaysia Year-long exclusive benefits to Club Members, from award presentations to exclusive event invitations SINGAPORE - Media OutReach Newswire - 14 September 2024 - In a landmark event, the real estate industry’s most distinguished professionals from Singapore and Malaysia gathered for [...]Hong Kong eyes Gulf sovereign wealth funds for expanded investment ties
Hong Kong is seeking to deepen its financial and trade ties with the Gulf, focusing on attracting investment from sovereign wealth funds in Saudi Arabia and the UAE. This push comes as Hong Kong strengthens its role as a financial bridge between China and the Middle East, particularly through initiatives like the Belt and Road Initiative, which has seen significant interest from Gulf nations.
Officials in Hong Kong, including the city’s chief executive John Lee, have been actively courting Gulf investment. His visit to the UAE and Saudi Arabia earlier this year marked a significant step towards securing deeper partnerships. During his meetings, Lee emphasized Hong Kong’s potential as a gateway for Gulf capital into broader Asian markets, particularly in sectors such as technology, infrastructure, and finance.
Hong Kong’s outreach to Gulf sovereign wealth funds coincides with broader shifts in global economic alignments. As ties between China and Western economies face challenges, Hong Kong’s strategy appears focused on positioning itself as a “super-connector” linking the growing economic powerhouses of the Gulf with China’s vast market. This connection is further bolstered by the existing Belt and Road partnerships, which have laid the groundwork for increased collaboration between China and the GCC.
Both the UAE and Saudi Arabia have demonstrated keen interest in leveraging Hong Kong’s financial infrastructure to diversify their investment portfolios, particularly as part of their long-term economic visions. The Saudi Vision 2030 and the UAE’s economic diversification plans align well with Hong Kong’s offerings in sectors like fintech, biotechnology, and artificial intelligence. Sovereign wealth funds from the region, including Saudi Arabia’s Public Investment Fund and Abu Dhabi’s Mubadala Investment Company, are seen as key players in this expanded relationship.
Trade between the UAE and Hong Kong has been growing steadily, with non-oil trade reaching $11.7 billion in 2022, a 40 percent increase over the past five years. This surge in trade is part of a larger trend that sees Hong Kong acting as a vital conduit for Gulf goods flowing into China. UAE exports to Hong Kong, for instance, now exceed those to mainland China, highlighting the city’s re-export role.
The strategic importance of these partnerships is further evidenced by ongoing discussions around free trade agreements. Both Hong Kong and the UAE have expressed interest in formalizing their economic ties through a bilateral free trade agreement, which analysts believe could serve as a model for similar agreements between Hong Kong and other Gulf states. Such a deal would facilitate smoother trade and investment flows, especially in sectors like technology and infrastructure, where Gulf nations are looking to invest heavily.
As part of its efforts to strengthen ties with the Gulf, Hong Kong is also offering incentives to Gulf companies. This includes government-backed investment funds and policies aimed at making Hong Kong a more attractive destination for Gulf capital. The city’s $4 billion technology fund is a particular draw, with officials hoping to attract innovation and technological collaboration from the Middle East.
Hong Kong’s outreach to the Gulf is part of a broader effort to realign its global economic strategy. With tensions rising between China and its traditional trade partners, particularly the U.S. and Japan, Hong Kong has increasingly looked to the Middle East for new opportunities. The growth in trade and investment between China and the Gulf provides a promising alternative, and Hong Kong’s unique position as an intermediary is seen as a crucial asset.
Analysts are optimistic about the future of Hong Kong-Gulf relations, noting that the city’s role as a global financial hub aligns well with the ambitions of Gulf sovereign wealth funds. The Belt and Road Initiative, in particular, has been a key factor in strengthening these ties, offering Gulf nations a way to tap into China’s expansive infrastructure and development projects.
Hong Kong eyes deepened trade relations with UAE and Gulf nations
Hong Kong is actively pursuing free trade agreements with the UAE and other Gulf Cooperation Council (GCC) nations in a bid to strengthen economic ties in the region. This effort comes as the city seeks to enhance its role as a global financial hub and gateway between Asia and the Middle East. Trade in goods between Hong Kong and the UAE amounted to approximately USD 12.8 billion […]
Jockey Club launches Philanthropy for Better Cities Forum 2024, ushering in Hong Kong Philanthropy Week
HONG KONG SAR – Media OutReach Newswire – 9 September 2024 – The Hong Kong Jockey Club Charities Trust convened its fourth Philanthropy for Better Cities (PBC) Forum 2024 at West Kowloon Cultural District today (9 September). It ushered in Hong Kong Philanthropy Week, in keeping with the HKSAR Government’s mission to promote the city as an international philanthropy hub. HKSAR Government Chief Secretary for Administration Chan […]
Hong Kong-Laos: A New Era of Education Collaboration
HONG KONG SAR – Media OutReach Newswire – 14 August 2024 – A high-level delegation from Laos joined the inaugural Youth Development Summit in Hong Kong (August 10), less than two weeks after John Lee, Chief Executive of the Hong Kong Special Administrative Region (HKSAR), visited Laos and spoke to students at a secondary school in the capital Vientiane. These exchanges indicate the strengthening of academic ties […]
Hong Kong wraps up fruitful ASEAN visit
HONG KONG SAR – Media OutReach Newswire – 5 August 2024 – A high-level Hong Kong delegation, led by Chief Executive John Lee, has wrapped up a fruitful six-day visit to three Association of Southeast Asian Nations (ASEAN) member states, namely Laos, Cambodia and Vietnam (28 July – August 2, 2024). Hong Kong’s Chief Executive Mr John Lee (left) meets with the Deputy Secretary of the Ho […]
Hong Kong, forging business opportunities with Vietnam
HONG KONG SAR – Media OutReach Newswire – 2 August 2024 – Hong Kong is going all out to strengthen business links with Vietnam and the wider Association of Southeast Asian Nations (ASEAN) region. A high-level delegation, led by John Lee, Chief Executive of the Hong Kong Special Administrative Region, is in Vietnam (31 July – 2 August, 2024), meeting top government and business leaders in Hanoi […]
Hong Kong, opening doors to business success with Cambodia
HONG KONG SAR – Media OutReach Newswire – 1 August 2024 – Hong Kong is on a mission to deepen bilateral relations with Cambodia and the wider Association of Southeast Asian Nations (ASEAN) region. John Lee, Chief Executive of the Hong Kong Special Administrative Region, led a high-level business delegation to Cambodia (July 30-31, 2024) to explore new opportunities for closer co-operation. During the visit, Mr Lee […]
Hong Kong: Super-connecting New Pathways to Success with Laos
HONG KONG SAR – Media OutReach Newswire – 30 July 2024 – Hong Kong is exploring new pathways to business success with the Association of Southeast Asian Nations (ASEAN), including Laos, Cambodia and Vietnam. Starting in Laos (July 28-29, 2024), a high-level delegation, led by Hong Kong’s Chief Executive John Lee, is visiting these three countries to forge closer government-to-government, business-to-business and people-to-people ties in the region. […]
Saturday’s Shooting Has Given A Further Boost To Trump Campaign
By Debabrata Biswas from Boston The narrow escape of the Republican candidate Donald Trump from the gunshot at the campaign meeting in Pennsylvania on Saturday has imparted a more confrontationist dimension to the Presidential elections scheduled on November 5. The shooting incident just on the eve of the four day Republican convention beginning on July15 […]
