Speech by SCST at Luxury Symposium 2025 (English only)
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Mr Alain Li (President of the French Chamber of Commerce and Industry in Hong Kong), distinguished guests, ladies and gentlemen,
Good afternoon. It is truly my pleasure to be here at Luxury Symposium 2025, where leaders, experts and innovators from the global luxury industry gather together in the metropolitan city of Hong Kong to explore the future of luxury. And indeed, my activities today are intertwined. I met with the Hong Kong Retail Management Association just now, then I came to this Symposium, then I will go back for a meeting to prepare for our next peak of visitor arrival. This pretty much shows the importance of tourism and luxury spending and luxury sales on my radar screen.
This year marks the 10th anniversary and this is the ninth edition of the Luxury Symposium series. Since its inception in 2016, the Symposium has established itself as a renowned platform for exploring the evolution of luxury and fostering meaningful dialogue. I'm most pleased to welcome distinguished speakers, world-class brands and passionate participants, many of you would be our old friends while some may have come our way for the first time. For this special milestone, the return of Luxury Symposium 2025 to Hong Kong is a firm testimony of Hong Kong's unique position as Asia's Events Capital, an international hub for arts and culture, and a shopper's paradise.
Hong Kong has a long and rich East-meets-West historical legacy. And with the strong support of the Central People's Government, Hong Kong is striving to further develop this unique asset for the benefit of fostering deepened international cultural co-operation. Specifically, our role is the "super-connector" between our motherland and the rest of the world. 2025 has been nothing short of remarkable for Hong Kong's cultural and creative scene. We have successfully hosted iconic international events like Art Basel and Art Central, which were warmly received by over 100 000 participants, including artists, galleries, art collectors and enthusiasts, and about 50 per cent of them were from outside of Hong Kong.
Indeed, in the last couple of years, and indeed even right now, our M+ museum in West Kowloon and our Museum of Art have been staging exquisite exhibitions with modern and unique curation of Yayoi Kusama, I M Pei, Pablo Picasso, Renoir and Cézanne. These exhibitions are primarily in the area of visual arts, and an ability for Hong Kong people and our visitors to appreciate, and an instinct to achieve beauty and awe, is the fundamental driver for the creation and acquisition of sublime art pieces, many of which actually take the form of luxurious goods. Hong Kong has long been aware of the importance of, and actively fosters, the development of arts, culture and creative industries. Last year in November, we have introduced the Blueprint for Arts and Culture and Creative Industries Development. And "Develop Diverse Arts and Culture Industries with International Perspective" was one of the four strategic directions. I'm glad to see that Luxury Symposium 2025, by applying a unique perspective from global leaders of the industry, will generate innovative and inspirational ideas that benefit the long-term development of the luxury and relevant industries here in Hong Kong and globally.
Apart from showcasing brilliant arts talent, we have also brought world-class fashion to our shores. An iconic example was the unforgettable Louis Vuitton's Men’s Pre-fall fashion show in Hong Kong in end November 2023, which was the first ever runway show to stage against our iconic Victoria Harbour and the spectacular skyline along the Avenue of Stars. With the Government's full facilitation, the event reached over 560 million views worldwide, showcasing Hong Kong's unique allure to a global audience. Another one would be Chanel's Cruise 2024/25 Show which creatively took place in the Hong Kong Design Institute in November 2024. The event not only successfully drew a big crowd of celebrities and fashion icons to Hong Kong, but also connected cinema lovers through film-related talks and happenings at Shaw Studios, taking note of the fact that cinema has always been at the heart of the brand. The event reaffirms the brand's commitment to the city through celebrating the heritage and spirit of the collection, all the while paying tribute to the culture of Hong Kong.
We certainly welcome more mega events, including luxurious brand events, with open arms and will be most happy to act as a strong facilitator. Of course, apart from government action, it takes joint efforts and collective wisdom from both local and international stakeholders, to cultivate an organic ecosystem for the development of arts, culture and creative industries on Hong Kong's fertile soil.
Luxury should not just be about expensive art pieces or goods that are beyond the reach of ordinary people. Everyone needs and deserves a bit a luxury, be it peace of the mind, ample me-time, tranquil lifestyle, a super fine culinary experience, or just a bit of glitter once in a while. It is more about things in life that bring a joy so special or satisfying that it cannot be replaced by much else, so that one feels a desire to own it, to touch it and to come to it. It can mean different things to different people. And some of the things might be ultra expensive, but some are simply one of a kind, treasurable, without being overly costly.
The theme of this year’s Symposium is "Hong Kong Zoom in, Zoom out - The Asia edition". Let us now zoom in a little bit and zoom out a little bit to see what Hong Kong has to offer.
Zooming in, Hong Kong is dedicated to advancing our infrastructure and enriching the content of our offering to drive new experiences and visitor engagement. The newly opened state-of-the-art Kai Tak Sports Park which hosted world-class events like Coldplay concerts and the Hong Kong International Rugby Sevens provide unforgettable excitement while fresh tourism initiatives announced last week like Hong Kong Industrial Brand Tourism, in-depth travel in Kowloon City and Old Town Central, rejuvenation of the Former Yau Ma Tei Police Station etc. There is no shortage of fun and nostalgia of Hong Kong's cultural legacy.
Zooming out, we are strengthening global connections by actively initiating, supporting or participating in platforms for arts and cultural exchange, to name a few, the Asia Cultural Co-operation Forum where cultural administrators exchange views of cultural policies, and the Hong Kong Performing Arts Expo newly launched in 2024 that brought together global arts institutions and practitioners for business partnerships and promotion of the industry all in one go. The Luxury Symposium is another precious piece in this puzzle - it is a platform for Hong Kong to connect with international peers, exchange ideas, gain experience, and explore opportunities for collaboration and innovation. These initiatives are introduced not only by the Government, but also the industries and various institutions.
Ladies and gentlemen, rapid and vigorous changes have been taking place in our current world, and definitely to the luxury industry. It has come to my attention that a specific part on tackling talent challenges will be presented in our Symposium later today. Apart from talent, shifting market trends and customer preference, as well as technological advancement, all pose challenges to the luxury industry, particularly in this volatile age of geopolitical tension. Faced with evolving challenges of changing spending patterns and tourist behaviours every day, I always advocate an active approach to discover the opportunities that come with the challenges. At this year's Luxury Symposium, we all have the privilege to learn about insightful thoughts on the future of luxury from leaders of the industry, academia and a wide range of related sectors with diversified backgrounds. When rivers of thought converge, civilisations bloom in shared moonlight, and the potential of the industry can then be fully unleashed. It is through collaboration, creativity, and shared wisdom that we can unlock one another's potential as a vibrant, global industry.
Before I close, I would like to express my heartfelt gratitude to the French Chamber of Commerce and Industry in Hong Kong for your unwavering dedication in organising the Luxury Symposium year after year. Your effort continues to strengthen the bond between Hong Kong and France while enriching cultural exchange on a global scale. My special thanks also go to the distinguished speakers, participating brands, collaborating organisations and amazing attendants like every one of you here and online. I wish Luxury Symposium 2025 a resounding success and all of you a fruitful journey of discovery, innovation and luxury in Hong Kong.
Thank you.
Ends/Monday, May 26, 2025
Issued at HKT 17:06
Issued at HKT 17:06
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