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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

Officials to visit Indochina Peninsula

Secretary for Financial Services & the Treasury Christopher Hui and Secretary for Commerce & Economic Development Algernon Yau will depart for a visit to the Indochina Peninsula tomorrow afternoon.


On December 11, Mr Hui and Mr Yau will visit Vientiane of Laos. Mr Hui will then continue his visit to Ho Chi Minh City and Hanoi, Vietnam from December 12, while Mr Yau will return to Hong Kong on the same day.


The visit aims to update the Laotian and Vietnamese business communities on opportunities in Hong Kong and the Guangdong-Hong Kong-Macao Greater Bay Area, and promote Hong Kong's financial, commercial and professional services, in addition to enhancing collaboration with the two countries in the areas of finance and trade.


Mr Hui and Mr Yau will meet senior officials, representatives from major financial institutes and business chambers during the visit.


In Vietnam, Mr Hui will address a business luncheon as well as a gala dinner.


During their absence, Under Secretary for Financial Services & the Treasury Joseph Chan and Under Secretary for Commerce & Economic Development Bernard Chan will be the acting secretaries.

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