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SCED continues visit to Sydney, Australia (with photos)
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     ​The Secretary for Commerce and Economic Development, Mr Algernon Yau, continued his visit to Sydney, Australia, today (August 14) to promote Hong Kong's advantages as an international trade centre and a premier destination for business and investment.
      
     Mr Yau first met with the Minister for Better Regulation and Fair Trading, the Minister for Industry and Trade, the Minister for Innovation, Science and Technology, the Minister for Building, and the Minister for Corrections of New South Wales of Australia, Mr Anoulack Chanthivong, to exchange views on enhancing co-operation between Hong Kong and Australia in various areas. Mr Yau also gave him an update on Hong Kong's latest developments and policy measures to give impetus to the city's economy, such as the reduction in liquor duty and promotion of the silver economy.
      
     Mr Yau then met with the National President of the Australia China Business Council (ACBC), Mr David Olsson, to brief him on the direction of Hong Kong's economic development and new initiatives to promote trade, such as developing the city into a multinational supply chain management centre. They also had an exchange on enhancing business and investment collaboration between Hong Kong and Australia.
      
     Mr Yau also attended a business roundtable luncheon with ACBC members to brief them on Hong Kong's role as a springboard for Australian businesses looking to tap into the Guangdong-Hong Kong-Macao Greater Bay Area and the broader Asian markets. He said that with its world-class infrastructure, simple and low tax regime and common law system, Hong Kong provides a stable, efficient and business-friendly environment for companies seeking to grow beyond their borders, capitalising on the city's roles as a "super connector" and "super value-adder".
      
     In addition, Mr Yau toured a leading incubator for start-ups and met with some start-up operators to learn more about their operation and developments. He told them that the number of start-ups in Hong Kong reached a record high of approximately 4 700 in 2024, underlining Hong Kong's vibrant start-up ecosystem and its ideal business environment for innovators to thrive.
     　
     In the evening, Mr Yau attended a cultural exchange concert presented by young Hong Kong musicians to showcase a mix of Eastern and Western musical works and instruments, highlighting Hong Kong's unique role as a bridge between East and West.
     　
     Mr Yau will continue his visit to Sydney tomorrow (August 15).
 
Ends/Thursday, August 14, 2025
Issued at HKT 18:23
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The Secretary for Commerce and Economic Development, Mr Algernon Yau, continued his visit to Sydney, Australia, today (August 14) to promote Hong Kong's advantages as an international trade centre and a premier destination for business and investment. Photo shows Mr Yau (left) meeting with the Minister for Better Regulation and Fair Trading, the Minister for Industry and Trade, the Minister for Innovation, Science and Technology, the Minister for Building and the Minister for Corrections of New South Wales of Australia, Mr Anoulack Chanthivong (right), to exchange views on enhancing co-operation between Hong Kong and Australia in various areas.
The Secretary for Commerce and Economic Development, Mr Algernon Yau, continued his visit to Sydney, Australia, today (August 14) to promote Hong Kong's advantages as an international trade centre and a premier destination for business and investment. Photo shows Mr Yau (first right) meeting with the National President of the Australia China Business Council, Mr David Olsson (first left), to brief him on the direction of Hong Kong's economic development and new initiatives to promote trade. Looking on is the Director of the Hong Kong Economic and Trade Office, Sydney, Mr Ricky Chong (second right).
The Secretary for Commerce and Economic Development, Mr Algernon Yau, continued his visit to Sydney, Australia, today (August 14) to promote Hong Kong's advantages as an international trade centre and a premier destination for business and investment. Photo shows Mr Yau (centre) and the National President of the Australia China Business Council, Mr David Olsson (second right), after a meeting. Also pictured is the Director of the Hong Kong Economic and Trade Office, Sydney, Mr Ricky Chong (second left).
The Secretary for Commerce and Economic Development, Mr Algernon Yau, continued his visit to Sydney, Australia, today (August 14) to promote Hong Kong's advantages as an international trade centre and a premier destination for business and investment. Photo shows Mr Yau (third right) attending a business roundtable luncheon with members of the Australia China Business Council (ACBC) to brief them on Hong Kong's role as a springboard for Australian businesses looking to tap into the Guangdong-Hong Kong-Macao Greater Bay Area and the broader Asian markets. Looking on are the National President of the ACBC, Mr David Olsson (second right), and the Director of the Hong Kong Economic and Trade Office, Sydney, Mr Ricky Chong (first right).
The Secretary for Commerce and Economic Development, Mr Algernon Yau, continued his visit to Sydney, Australia, today (August 14) to promote Hong Kong's advantages as an international trade centre and a premier destination for business and investment. Photo shows Mr Yau (front row, second left) before touring a leading incubator for start-ups. Also present is the Director of the Hong Kong Economic and Trade Office, Sydney, Mr Ricky Chong (front row, first right).
The Secretary for Commerce and Economic Development, Mr Algernon Yau, continued his visit to Sydney, Australia, today (August 14) to promote Hong Kong's advantages as an international trade centre and a premier destination for business and investment. Photo shows Mr Yau (right) being briefed by a start-up operator during a visit to a leading incubator for start-ups.