Silver Summit fosters cross-sector collaboration in building silver economy ecosystem
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The Summit featured three plenary sessions, gathering experts and stakeholders from fields covering elderly care services, technological innovation, financial services, industrial development and public policy for discussions focusing on the five areas on building a silver-friendly society as proposed by the Working Group, namely, boosting "silver consumption", developing "silver industry", promoting "quality assurance of silver products", enhancing "silver financial and security arrangements", and unleashing "silver productivity". It aimed to raise awareness of the business opportunities brought by the silver economy, and lead suppliers and service providers to grasp the opportunities in jointly building a vibrant gerontechnology economy ecosystem.
A spokesman for the CEDB said, "The silver economy is a driving force for future consumption growth. Promoting its development is not only limited to developing elderly care services, but also the key for technological innovation and service upgrades."
The spokesman added that the Government is sparing no efforts in implementing the various initiatives within the five areas. Regarding the initiatives spearheaded by the CEDB on promoting "silver consumption" and "quality assurance of silver products", the General Requirements of Dysphagia Diet for Elderly (Care Food) jointly promoted by the HKCSS, the Chinese Manufacturers' Association of Hong Kong and partners from Guangdong, Hong Kong and Macao is officially included in the list of the Guangdong-Hong Kong-Macao Greater Bay Area (GBA) Standards. The Government will continue to encourage other product and service providers to actively explore silver-friendly standards to improve the overall quality of silver products to attract consumption. At the same time, the Government will work closely with the industries to jointly promote the framework for "quality assurance of silver products" to protect the consumer rights and interests of the elderly, and encourage businesses to enhance brand reputation.
In addition, the Government will focus on gerontechnology to develop the "silver industry" and unleash "silver productivity". Leveraging the development of the Northern Metropolis, the Government will continue to strengthen support for local research institutions and start-ups, providing them with ideal research platforms to enhance the competitiveness of the gerontechnology industry. The Government will also vigorously develop "silver financial and security arrangements", promoting the integration of fintech and retirement financial planning to build a comprehensive financial protection system that meets the needs of the elderly and allows citizens to plan and retire at ease.
The spokesman emphasised that to fully develop the silver economy ecosystem, Hong Kong will actively embrace the vast hinterland of the GBA to focus on research and development and standards formulation, and make good use of the unique advantages under the "one country, two systems" principle, serving as a "super-connector" between the national and global silver economy markets.
Ends/Friday, November 21, 2025
Issued at HKT 22:15
Issued at HKT 22:15
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