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Inspiring Asia Launched by HKAWL in Hong Kong for the First Time to Support its Impact Link Initiative to Foster Community Empowerment, Exchange and Strategic Philanthropy
HONG KONG SAR – Media OutReach Newswire – 22 September 2026 – The Hong Kong Academy for Wealth Legacy (HKAWL) brought the Inspiring Asia Micro Film Festival to Hong Kong for the first time as Regional Lead Partner, and recognised three winning entries at the inaugural Hong Kong regional awards. The festival culminated in a Screening and Award Ceremony on 21 September 2026 at The Hong Kong Jockey Club University of Chicago Academic Complex | The University of Chicago Francis and Rose Yuen Campus in Hong Kong, and was supported by Lee Hysan Foundation as Strategic Partner and Sponsor.
The inaugural “Inspiring Asia” Hong Kong Regional Awards introduced by the Hong Kong Academy for Wealth Legacy has successfully concluded. Hong Kong’s winning entries and selected finalists will advance to the Main Phase of Inspiring Asia.
Guided by the theme “Community Empowerment” and the tagline “Belonging, Resilience, and Thriving”, participating filmmakers, students and community changemakers shared stories that explored inclusion, connection and resilience. The Festival encourages creators and community organisations to document community stories through micro films, fostering dialogue and greater social participation.
Award-Winning Films Spotlight Inclusion, Resilience and Community Connection
The three winning entries reflected these aspirations through stories of cross-cultural friendship, ageing with purpose and disability inclusion, offering perspectives on experiences that are often overlooked in everyday conversations.
A chance encounter lies at the heart of Between the Unsaid, the winner of the Best Micro Film Award, as an unexpected friendship blossoms between a Pakistani tailor and a local florist. Directed by Qasim Khan and produced by Kaneeta Arshad, the Hong Kong drama shows how kindness can cross linguistic and cultural boundaries, bringing comfort amid grief and isolation.
Best Micro Film
The Story Hunter, winner of the Best AI Film Award, follows an 80-year-old Hong Kong resident who finds renewed purpose by sharing lived experiences. Created by Yimin Chen and Ethan Wong, the drama combines human-written script with AI-assisted production to amplify older adults’ voices and value as storytellers, mentors and active contributors to the community.
Best AI Film
Recipient of the Best Project Award, The Superpower of Little Hands challenges perceptions of congenital limb differences through stories co-created by children and parents from the Hand in Hand Association. The documentary shows how peer support, inclusion and understanding can build confidence, belonging and ambition.
Best Project
Empowering Communities Beyond the Awards
As a flagship annual event of HKAWL’s Impact Link initiative, the Festival reflects its wider efforts to foster dialogue between philanthropy, the social sector and the creative community. As Regional Lead Partner, HKAWL worked with a diverse network of partners to support the Festival’s Hong Kong debut. Beyond the competition itself, Inspiring Asia serves as a platform for capacity building, community participation and collaborative philanthropy, bringing together filmmakers, NGOs, foundations, universities and other partners through activities such as workshops, mentorship, screenings and peer exchange.
“Seeing these powerful community stories come to life on screen was incredibly moving,” said Angel Chia, Executive Director of the Hong Kong Academy for Wealth Legacy. “The winning films demonstrate how storytelling can help people better understand the realities and aspirations of different communities. As a flagship annual event of HKAWL’s Impact Link initiative, Inspiring Asia connects creators and social impact organisations with philanthropists and supporters, helping foster dialogue around strategic philanthropy.”
The journey continues as Hong Kong’s winning entries and selected finalists advance to the Main Phase of Inspiring Asia, bringing their Hong Kong stories to audiences across Asia.
The Screening and Award Ceremony marked the festival’s conclusion in the city, but its impact in creating lasting change continues well beyond the event. In particular, The Hong Kong Jockey Club Programme on Social Innovation (HKJCPSI), operated by The University of Chicago Booth School of Business, will provide capacity-building resources to the Best Project Award winner and shortlisted project teams, helping them strengthen their organisational capabilities and advance the community initiatives featured in their films.
Extending the impact further, the stories will continue to resonate across wider audiences through community screenings from October to December 2026, enabling more people to learn about the experiences and issues they bring to light. Screening details will be announced through HKAWL’s official channels.
Appendix: Hong Kong Regional Competition Award Winners
Award Category
Film Title
Director / Producer
Film Synopsis
Best Micro Film
Between the Unsaid
Qasim Khan, Kaneeta Arshad
The film features Saira, a Pakistani shopkeeper in Hong Kong who is isolated by loneliness, homesickness, and a language barrier. After the sudden loss of her mother, an unexpected friendship with local florist Kim brings comfort, showing how kindness and empathy can bridge cultural and linguistic divides to create strong communities.
Best AI Film
The Story Hunter
Yimin Chen, Ethan Wong
The film follows Granny Fa, an 80-year-old widow living alone like an isolated island — until Story Hunters knocked on her door and walked with her through storytelling training. She brought her real-life experiences to university stages, and the warm applause from the younger generation rekindled her passion for life. In the end, she becomes a Story Hunter herself, knocking on the next closed door.
Best Project
The Superpower of Little Hands
Hand in Hand Association
Produced by Hand in Hand Association, Hong Kong’s first patient self-help organisation for congenital hand differences, this joyful documentary moves beyond traditional narratives of pity. It highlights four vibrant children with hand differences, celebrating their unique talents, creativity, and zest for life. By showcasing a strong peer-support network of families empowering one another, the film demonstrates how love, confidence, and supportive community allow every special hand to shine without limits.
Hashtag: #HKAWL
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About The Hong Kong Academy for Wealth Legacy (HKAWL)
The Hong Kong Academy for Wealth Legacy (HKAWL) is committed to invigorating a vibrant ecosystem for family offices worldwide by fostering knowledge sharing, capacity building, peer connection, and collaboration. It equips business and wealth owners and inheritors with knowledge in building enduring family legacies, while mobilising family capital to drive measurable social impact and facilitating a strategic philanthropy platform via its Impact Link initiative. By bridging wealth with purpose, HKAWL reinforces Hong Kong’s status as a principal centre for managing family wealth legacies.
Established in 2015, Under Production Ltd. (UP) is a dynamic social enterprise dedicated to empowering aspiring creative talents. By bridging the gap between youth and the creative industries, UP equips creators with production expertise and social awareness to transform complex issues into compelling narratives. UP’s expertise spans three core pillars: Film & Video Production, Multi-platform Publishing, and Integrated Campaign Management. Notable projects include social films Constellation and May It Rain, which have gained recognition for their intimate storytelling on social themes. Over the years, UP has built a sustainable creative ecosystem with NGO partners and community collaborators, consistently delivering innovative solutions that create lasting community impact.
About Lee Hysan Foundation (LHF)
Lee Hysan Foundation (LHF) is a private foundation incorporated in 1973 by the Lee Hysan Family to institutionalise the philanthropic work which the family had been doing for many decades. It currently operates as an endowment fund in perpetuity and does not fundraise. LHF’s mission is to advance the well-being of Hong Kong by catalysing policy and systemic change and scaling evidence-based models to transform Education, Social Welfare, Health, Arts and Culture, and the Environment. Through this work, LHF seeks to enable under-resourced people from diverse backgrounds to flourish.
*Although established by the same family, Hysan Development Company Limited is operated separately from LHF and has its own independent management and board of directors.
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South Korea’s central bank began a pilot of a 24-hour won settlement network on Monday, advancing preparations to give overseas investors broader access to the country’s currency market from next year.
The Bank of Korea said the Bank of Korea Won International Wire Network started trial operations at 9am local time with KB Kookmin Bank, Woori Bank, Hana Bank and Shinhan Bank participating. Two of the banks completed transactions worth about 1.4 billion won during the initial test, according to the central bank.
Full operation is scheduled for January 2027, when foreign financial institutions are expected to gain wider access to the network. The system is designed to allow won payments and settlement during the business hours of major overseas financial centres rather than limiting activity to South Korea’s domestic banking day.
Under the planned framework, offshore investors will be able to trade the won with other foreign participants using accounts opened with Registered Foreign Institutions for KRW Business, known as RFI-Ks, in their home markets. This is intended to reduce the need for investors to open and operate separate accounts directly with financial institutions in South Korea.
The network will function continuously from 9am on each business day until 9am the following day, effectively providing round-the-clock settlement on weekdays. It will remain closed on weekends and public holidays. Foreign banks are also due to participate in the trial, although the Bank of Korea has not specified when they will enter the testing phase.
The central bank said it would monitor the pilot, refine operating arrangements and expand participation before the system moves into full service. It expects the new infrastructure to improve foreign investors’ access to won settlement and support wider international use of the currency.
The trial follows South Korea’s move in July to extend onshore dollar-won trading to a 24-hour schedule. That change removed the previous gap between Seoul trading hours and active periods in major centres such as London and New York, allowing transactions to continue through the global trading day.
Authorities have paired the longer trading window with changes to settlement arrangements because extended dealing hours alone do not remove operational barriers if investors cannot complete payments outside domestic banking hours. The new network is intended to address that mismatch by keeping settlement infrastructure available while overseas markets are active.
The initiative forms part of a broader programme to open South Korea’s foreign-exchange market and make local assets easier for global institutions to access. Seoul has also been seeking improvements in market infrastructure as it pursues developed-market classification for its equities from MSCI, whose accessibility assessments examine areas including foreign-exchange convertibility, investment flows and operational arrangements.
South Korea has already introduced the RFI framework to permit eligible overseas financial institutions to participate directly in the domestic foreign-exchange market. The settlement network extends that approach by enabling those institutions to hold and transfer won through designated accounts linked to the central bank’s payment infrastructure.
The Bank of Korea has also been modernising its core settlement systems. Its 2025 payment and settlement systems report, released last week, said operating hours for BOK-Wire+ were extended in March and that work continued on the international won network and the adoption of the ISO 20022 financial messaging standard.
The central bank has said the international network will use real-time gross settlement, a structure in which transactions are settled individually and continuously rather than being netted for later settlement. That approach is intended to limit credit risk during the payment process while supporting cross-border compatibility.
Preparations have included linked-system testing and business-continuity planning before the scheduled commercial launch. The authorities have also revised foreign-exchange regulations to accommodate the wider use of overseas won accounts and settlement channels.
Microsoft has formally launched its India South Central cloud region in Hyderabad, expanding its domestic cloud footprint to four regions and positioning the new facility for large-scale artificial intelligence and mission-critical workloads.
The Hyderabad region operates across three availability zones and is designed to provide resilience for organisations running critical applications. Microsoft said the architecture is aligned with applicable regulatory and seismic requirements in India, while giving customers additional options for data residency, continuity and governance.
The company said the region is now live with a broad set of Azure services, with more cloud and AI capabilities scheduled to be added over the coming months. It is also intended to support Microsoft Foundry and other advanced AI services as capacity expands.
Puneet Chandok, president of Microsoft India and South Asia, said at the Microsoft AI Infrastructure Summit in New Delhi that the Hyderabad facility was built for advanced AI workloads and would serve as a strategic hub for Asia and the Global South. Microsoft also said its data centre regions across the country are now AI-enabled, combining specialised hardware, cooling systems and the platform infrastructure needed to run advanced models.
India South Central joins Microsoft’s Central India region in Pune, South India region in Chennai and West India region in Mumbai. Microsoft’s Azure region list identifies Hyderabad as India South Central and shows Central India as its paired region for disaster-recovery planning.
The Hyderabad expansion forms part of Microsoft’s $20.5 billion investment commitment to India, comprising a $3 billion investment announced in January 2025 and a further $17.5 billion commitment announced in December 2025. The company has linked that spending to cloud capacity, AI infrastructure and skills development.
The launch comes as data-centre investment accelerates across the country alongside demand for computing capacity needed to train and run AI systems. A Boston Consulting Group study cited by Microsoft estimates that India’s data-centre build-out could generate $140 billion to $200 billion in economic output through 2030. Microsoft said its infrastructure is intended to serve enterprises, start-ups and public-sector organisations.
Microsoft said Adani Group, Bajaj Finserv, HDFC Bank and PB Pay have signed up to use the new region. The company said local capacity would allow eligible cloud and AI workloads to be deployed closer to users and operations while supporting security, compliance and sovereignty requirements.
The region expands Microsoft’s Sovereign Public Cloud foundation in India. The company said its cloud regions provide capabilities aligned with Ministry of Electronics and Information Technology guidelines and are designed to help customers address requirements under the Digital Personal Data Protection framework, as well as sector-specific expectations from the Reserve Bank of India and CERT-In. Microsoft stressed that customers remain responsible for determining which rules apply to their workloads.
Capabilities expected to become available as services are rolled out include Azure confidential computing, Customer Lockbox and Azure Key Vault. These are intended to give organisations additional controls over data protection, encryption keys and Microsoft’s operational access, particularly for sensitive workloads.
Microsoft also highlighted the cooling design of the Hyderabad region, saying high-efficiency mechanical systems enable effectively zero water use for cooling. The company has tied the design to its broader 2030 sustainability goals, which include becoming carbon negative, water positive and zero waste.
Alongside the infrastructure launch, Microsoft said its AI-skilling programmes have reached more than 10 million people in India, halfway towards a target of 20 million by 2030. It also operates a 600-hour data centre training programme with Young India Skills University in Telangana aimed at preparing students for infrastructure and operations roles.
Jitin Prasada, Minister of State for Commerce and Industry and Electronics and Information Technology, said the new region would strengthen the digital infrastructure required to support the IndiaAI Mission and expand the capacity available to developers, enterprises and public institutions.
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Hong Kong has laid out a five-year programme to strengthen its established economic pillars while building new growth engines, with a gold-led commodity trading ecosystem among the centrepieces of its strategy through 2030.
Chief Executive John Lee’s 2026 Policy Address and the city’s first Five-Year Plan for Economic and Social Development set out measures covering finance, trade, shipping, aviation, innovation and technology, alongside efforts to attract capital, companies and skilled workers. The government said the programme is designed to reinforce Hong Kong’s international competitiveness and support longer-term economic development.
Gold will serve as the entry point for a broader commodity trading ecosystem. Hong Kong plans to formally launch its central clearing and settlement system for gold in the first quarter of 2027, following trial operations that began in July. The system is intended to support trading that meets international standards and strengthen links among clearing, settlement, storage and physical delivery.
Hong Kong Exchanges and Clearing will announce details this year of new renminbi-denominated, physically settled gold futures contracts. The government also plans to explore tax concessions for qualifying activities across the gold and commodity trading chain, with proposals expected to be put to the Legislative Council for consultation next year.
The Hong Kong Monetary Authority is studying whether the Exchange Fund should moderately increase its gold holdings and participate in local spot and futures markets. Existing physical gold inventories could gradually be transferred to designated vaults appointed by the Hong Kong Precious Metals Central Clearing Company.
Authorities also plan to expand storage and related infrastructure. Since the London Metal Exchange added Hong Kong to its global warehousing network in 2025, approved storage space has exceeded 60,000 square metres and inventories have risen above 20,000 tonnes of metal. More LME-approved warehouses are planned for the Northern Metropolis.
A half-rate tax concession for physical commodity trading is also being pursued to encourage traders to establish or enlarge operations in the city. A joint working group led by the Secretary for Financial Services and the Treasury will examine market opportunities and possible collaboration between exchanges.
The wider financial strategy seeks to strengthen Hong Kong’s role as an offshore renminbi business hub and an international centre for asset management and risk management. The government plans to deepen green and digital finance, widen financing channels for technology companies and strengthen trade finance, supply-chain finance, clearing, settlement and risk-management services.
A proposed Innovation and Technology Industry-Oriented Fund will receive HK$10 billion in government funding and is expected to reach at least HK$40 billion when market capital is included. Priority areas include life and health technology, artificial intelligence and robotics, semiconductors and smart devices, digitalisation, and sustainable development.
The five-year plan also calls for greater emphasis on high-value maritime services rather than relying mainly on traditional port logistics. Measures include reforms to ship registration, support for ship financing and marine insurance, and further development of maritime arbitration and other professional services.
Hong Kong also intends to build a broader aviation industry ecosystem. Plans include developing aircraft-parts processing and trading, participating in research and certification connected with domestically developed aircraft, and expanding sustainable aviation fuel supply chains across the Greater Bay Area. Authorities aim for sustainable aviation fuel to account for 1% to 3% of fuel used by departing flights at Hong Kong International Airport in 2030.
Trade policy will focus on digitalisation, diversification and higher-value supply-chain services. The government wants more companies to use Hong Kong for international orders, foreign-exchange transactions, treasury operations, trade finance and supply-chain management, while attracting regional and international headquarters.
The plan places innovation alongside the traditional pillars, with support directed towards artificial intelligence, robotics, life sciences, microelectronics and advanced manufacturing. It also identifies aerospace technology, marine technology, quantum technology and embodied intelligence as fields for longer-term development.
HONG KONG SAR – Media OutReach Newswire – 19 September 2026 – Hong Kong’s Chief Executive John Lee rolled out various measures to develop Hong Kong’s key economic centres when he unveiled the First Five-Year Plan for Economic and Social Development of the Hong Kong Special Administrative Region (HKSAR) (2026-2030) and his fifth Policy Address on September 16.
Under Hong Kong’s First Five-Year Plan, Hong Kong will focus on strengthening the four centres, developing the hub for high-calibre talent, consolidating and enhancing its competitive edge as an international city.
Hong Kong’s status as world-renowned international financial, maritime and trade centres as well as an international aviation hub underpin the city’s high-quality development and provide a firm foundation for the city’s long-term stability and prosperity.
“We will consolidate and enhance Hong Kong’s status as an international financial centre, and stay committed to our global positioning,” Mr Lee said. “Hong Kong will deepen the development of its global offshore Renminbi business and capital market, develop an international asset and wealth management centre and international risk management centre, enhance the securities market and expand fixed income and commodity trading.”
Hong Kong has become the world’s largest cross‑boundary wealth management centre this year, and the HKSAR Government will continue to develop a more attractive asset and wealth management ecosystem, Mr Lee said.
Hong Kong will develop a commodity trading ecosystem with gold as an entry point by driving the development of the clearing system, storage, supply, and infrastructure related to gold trading. The city’s central clearing and settlement system for gold will be officially launched in the first quarter of 2027.
“The significance of the First Five-Year Plan for Hong Kong lies in a mindset shift; we must plan Hong Kong’s financial development with a longer-term vision and broader perspective to adapt with flexibility and diversity,” said Christopher Hui, Hong Kong’s Secretary for Financial Services and the Treasury. “Each of our initiatives centres around one objective, which is to elevate Hong Kong from a ‘corridor of capital’ to a ‘destination of choice’.”
Hong Kong was ranked the world’s fifth‑largest entity in merchandise trade in 2025. The HKSAR Government announced plans to consolidate and enhance Hong Kong’s status as an international trade centre, playing a greater role in the high‑level opening up of the Chinese Mainland.
Since the Task Force on Supporting Mainland Enterprises in Going Global was established last October, it has provided assistance, including listing and raising capital in Hong Kong, aligning with overseas standards, acquiring industry certifications and fulfilling compliance requirements for more than 340 Mainland enterprises.
The Task Force will strengthen collaboration with professional organisations to train talent for the GoGlobal initiative and enhance professional services, among other areas.
“In alignment with the National 15th Five-Year Plan’s call to advocate and practise true multilateralism, the First Five-Year Plan proposes to continue expanding international economic and trade network,” said Algernon Yau, Hong Kong’s Secretary for Commerce and Economic Development.
“We will actively forge free trade agreements and investment agreements with economies that are of development potential or strategic locations. Meanwhile, we will expand our network of overseas offices, and leverage the combined networks of our overseas Economic and Trade Offices, InvestHK, and the Hong Kong Trade Development Council offices globally to deepen overseas ties and step up trade and investment promotion.”
As an international maritime centre, Hong Kong has ranked fourth globally in maritime comprehensive strength for seven consecutive years. The Five-Year Plan will drive a “volume to value” transformation of the Hong Kong Port, capitalising on its strengths in high value‑added maritime services, to develop Hong Kong into a “Global Maritime Capital”.
To promote high value-added services, the industry will develop “Finance + Shipping”.
Taking advantage of the city’s well‑established maritime finance, insurance and maritime arbitration under common law, Hong Kong will build an integrated ecosystem under which Hong Kong‑invested enterprises adopt Hong Kong law, take out Hong Kong insurance and choose for arbitration to be seated in Hong Kong.
Regarding aviation, Hong Kong’s passenger throughput recorded a year‑on‑year increase of 15% last year, to 61 million, with flights to over 220 destinations. The city’s air cargo throughput reached 5.07 million tonnes, making its airport the world’s busiest cargo airport for the 15th year since 2010.
To strengthen development as international aviation hub, Hong Kong will expand its aviation network, and diversify business opportunities.
The HKSAR Government will continue to take the initiative to visit South America, Africa, Central Asia, the Middle East and the Caucasus to expedite the conclusion of new air services agreements and the expansion of traffic rights, thereby assisting the industry in exploring new passenger and cargo sources.
As for building Hong Kong as an international innovation and technology centre, the HKSAR Government will step up its efforts to promote artificial intelligence (AI) applications across various trades, and continue to strike a balance between encouraging innovation and protecting security, thereby enhancing Hong Kong’s international competitiveness in AI development.
In alignment with the national strategic technology areas, Hong Kong will focus on core technologies such as life and health, AI and robotics, microelectronics, new energy, advanced manufacturing and new materials. It will also continue to raise the ratio of Total Domestic Expenditure on Innovation Activities to Gross Domestic Product, striving to reach 3% after 2030.
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