During the recent Wealth for Good in Hong Kong Summit Gala Dinner held on March 26, Financial Secretary Mr. Paul Chan delivered an inspiring speech underscoring the unique advantages of Hong Kong as a strategic hub for investors and businesses.

As distinguished guests gathered, Mr. Chan emphasized the pivotal question that permeated discussions throughout the summit: why choose Hong Kong over other cities in the region or Mainland China? His answer was clear and compelling.

Under the "one country, two systems" framework, Hong Kong presents a harmonious blend of China's economic benefits and international business practices. It stands out as a premier gateway for foreign enterprises eager to gain access to China's vast consumer market, particularly within the burgeoning Greater Bay Area, which boasts a staggering population of 87 million and a per capita GDP that rivals many major economies.

The Greater Bay Area’s young and dynamic demographic is increasingly seeking quality global products and services, all while Hong Kong offers seamless connections to Mainland stock markets through innovative Northbound Connect Schemes. This provides global investors the chance to engage with Mainland securities in an environment that is both familiar and investor-friendly.

Mr. Chan noted that Hong Kong's stock market is ranked among the top global fundraising centers, having achieved a remarkable capitalisation of US$5 trillion. Last year's IPO activity alone raised US$11 billion, placing Hong Kong fourth in the world. With expectations of generating between US$17 billion to US$20 billion in IPOs this year, it is an opportune time for businesses to consider listing on this vibrant exchange.

The city’s transport infrastructure supports its business appeal, with high-speed trains that connect Hong Kong to major cities like Shenzhen and Guangzhou in mere minutes, and an international airport that links to 200 destinations worldwide, ensuring that half of the global population is just a few hours away.

Beyond business, Mr. Chan highlighted Hong Kong's unparalleled lifestyle. Nestled between scenic hills and stunning beaches, residents enjoy a safe living environment along with a rich culinary landscape featuring around 200 Michelin-rated restaurants. The absence of duty on wine and recent reductions on spirits further enhance its appeal.

Furthermore, Hong Kong is a haven for education, with more than 50 international schools offering diverse curricula and five local universities ranking in the top 100 globally. This positions the city as an ideal location for families looking to nurture their children's future.

As Mr. Chan wrapped up his speech, he reinforced that Hong Kong is not just a destination for business but a place where aspirations can flourish into reality, merging artistry and ambition.

In a spirited conclusion to the evening, he raised a toast to health, prosperity, and inspiration, inviting guests to celebrate the vibrant community that defines Hong Kong.

In related news, the Department of Health recently cracked down on an individual accused of selling a topical eczema treatment online that contained undeclared controlled drug ingredients. This highlights the importance of vigilance regarding health and safety in consumer products, reminding residents to only acquire medications from reputable sources.

As Hong Kong continues to advance as a global business powerhouse and lifestyle destination, events like the Wealth for Good Summit Gala strengthen its reputation, attracting interest from investors around the world. Could Hong Kong be the key to unlocking your business potential?