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'Silver economy' panel set up

The Commerce & Economic Development Bureau today established the Advisory Panel on Silver Economy and convened its first meeting with the aim of initiating research on the development of Hong Kong’s growing elderly population as a consumer segment.    Chairing the panel, Secretary for Commerce & Economic Development Algernon Yau said the elderly demographic was emerging as an important part of the city’s economy.    He highlighted that many products and services designed to enhance the quality of life enjoyed by elderly residents are spurring growth and business opportunities.    Mr Yau added that promoting such products and services can help to foster the development of the so-called silver economy and unleash business potential in the elderly market, whilst also catering to the aspirations and needs of elderly people. He said this would be the advisory panel’s focus.     At today’s meeting, the panel endorsed its terms of reference, reviewed statistics relating to

Algernon Yau promotes HK in Hanoi

Secretary for Commerce & Economic Development Algernon Yau today met senior government officials and business leaders in Hanoi, Vietnam, to promote Hong Kong’s business advantages and opportunities.   He updated them on Hong Kong’s latest trade and economic development and explored collaboration opportunities in various areas.   During his first official visit to Vietnam, Mr Yau met with Deputy Minister of Industry & Trade Tran Quoc Khanh to discuss various trade and economic issues.   At the meeting, Mr Yau underlined the close trade and economic relations between Hong Kong and Vietnam, adding that Hong Kong is keen to take its economic integration with Vietnam to the next level by joining the Regional Comprehensive Economic Partnership.   He also thanked Vietnam for its continued support for Hong Kong’s admission to the partnership.   In his meeting with Vietnam Chamber of Commerce & Industry members, Mr Yau highlighted a number of measures announced in the Chief Executive’s 2022 Policy Address to attract enterprises and investments more proactively and aggressively.   He appealed to Vietnamese enterprises to leverage Hong Kong’s unique advantages to explore the tremendous opportunities available in the Mainland.   A Hong Kong business delegation comprising a number of Hong Kong chambers of commerce also attended the meeting.       Mr Yau also paid a courtesy call on Chinese Ambassador to Vietnam Xiong Bo in the afternoon to update him on Hong Kong’s latest economic situation.       On January 8, Mr Yau visited Hung Yen Industrial Park and met government officials to learn about the latest development of local enterprises and investment opportunities.   He also visited the ULIS-Jonathan KS Choi Cultural Centre in Vietnam National University in Hanoi.

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