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More details Reject AllAccept All HKTDC.comAbout HKTDCMy HKTDC -------------------------------------------------------------------------------- Login / Register -------------------------------------------------------------------------------- 繁简 Events Videos Subscribe Home Market OpportunitiesTech & InnovationEntrepreneurshipSustainabilityCreativity & LifestyleHKTDC Updates -------------------------------------------------------------------------------- Featured Topics -------------------------------------------------------------------------------- My Feed HomeMarket OpportunitiesTech & InnovationEntrepreneurshipSustainabilityCreativity & LifestyleHKTDC Updates Featured Topics My Feed Events Videos HKTDC.comAbout HKTDCMy HKTDC -------------------------------------------------------------------------------- Login / Register -------------------------------------------------------------------------------- 繁简 Market Opportunities SUEZ HUB ZONE STRENGTHENS HONG KONG LINKS 01 September 2023 -------------------------------------------------------------------------------- • Logistics & Trans...EgyptBelt and RoadTradeInvestment Slashing shipping times and serving as a hub for Asia, Europe and Africa, the canal zone is developing rapidly. Listen -------------------------------------------------------------------------------- The history of world trade has usually been an evolutionary one, with ports and transport routes forming and declining over generations. Occasionally, however, a single date stands out in sharp relief, a date when before is very different to after. One such date was 17 November 1869 when the Suez Canal opened, linking the Mediterranean Sea with the Red Sea – and ultimately the North Atlantic Ocean with the Indian Ocean. This slashed thousands of miles off the journey from such ports as Hong Kong, Shanghai and Mumbai to Liverpool or Rotterdam. From its beginning, the global trade pivot point was linked with the then still relatively new trading hub of Hong Kong. This connection persists today. In the same way that Hong Kong links Mainland China with the world in at large, especially the Association of Southeast Asian Nations, so Suez lies at the fulcrum of Africa, Asia and Europe potentially making it a valuable business destination. Just as Hong Kong and the neighbouring Shenzhen Special Economic Zone have prospered, eventually forming key elements of the Guangdong-Hong Kong-Macao Greater Bay Area, so Egypt has established the Suez Canal Economic Zone (SCZONE). The two came together at the Belt and Road Summit in 2020, and zone representatives came to Hong Kong in May this year to explore the possibility of listing a real-estate investment trust (REIT) in the city. China set up the China-Egypt TEDA Suez Economic and Trade Cooperation Zone in the Sokhna Industrial Zone on the Red Sea coast, near Egypt’s new administrative capital east of Cairo. TEDA projects include power generation and textiles. A delegation from the General Authority of the SCZONE earlier this year conducted a tour, led by Mr Waleid Gamal El-Dien, the Zone’s Chairman , to Guangzhou and Hong Kong to meet officials and companies operating in the fields of maritime transport and logistics services. Delegates met representatives of property firm Hutchison Group, which signed an agreement with SCZONE to manage and operate the container terminal at Sokhna Port. The SCZONE delegation met Orient Overseas Container Line (OOCL). During the meeting, the two sides discussed cooperation in the field of providing integrated logistics services at the ports of SCZONE. To discuss finance and investment, the delegation also met officials of CCB International (Holdings), a unit of China Construction Bank, as well as representatives of CIC International (Hong Kong), the Hong Kong branch of the sovereign wealth fund, which invests in assets abroad. SCZONE representatives said they sought to benefit from partnership services with these institutions in providing financial services to its investors. The Egyptian delegation visited Cyberport, one of Hong Kong’s start-up incubation centres The delegation also looked at digital development, meeting officials from InvestHK, members of the Environmental Business Council and clean energy firms as Egypt adopts green-economy incentives, and representatives of One As1a Company, a Legan Group company specialising in data centres and related digital services. Looking at entrepreneurship and start-up development, the delegation also reached out to Hong Kong’s start-up incubator Cyberport. Underlining green development in the Suez Zone, Port Said, at the Mediterranean entrance of the canal, is among the early-adopters for bunkering – refuelling – ships using green methanol rather than fossil-fuel bunker oil. The port this month performed its inaugural refuelling of a Maersk container ship, the first such methanol-driven vessel, en-route from Singapore to Europe, the General Authority for the Suez Canal Economic Zone announced. This year’s Belt and Road Summit, which runs on 13 and 14 September includes a Middle East Forum that focuses on the region. Related Events Eco Expo Asia 2023 - Click2Match (Online) 19 October - 07 November 2023 Register Apply for Booth Eco Expo Asia 2023 - Physical Fair 26 - 30 October 2023 Register Apply for Booth Asian Logistics, Maritime and Aviation Conference 2023 21 - 23 November 2023 -------------------------------------------------------------------------------- Discover More BELT AND ROAD SUMMIT MAPS PATH TO PROSPERITY Hong Kong will host the eighth Belt and Road Summit next week on 13-14 September, to reflect on the first decade of the Belt and Road Initiative and discuss future business and investment collaboration focused on emerging markets and new sectors, while showcasing Hong Kong’s unique advantages to the global community. • Belt and RoadInvestmentLogisticsTrade • • • HONG KONG ASSET MANAGER SPREADS WINGS ASEAN is becoming an important destination for and source of investment capital from Hong Kong. • Mainland ChinaInnovationInvestment • • • BELT AND ROAD SPOTLIGHT ON SAUDI ARABIA The Belt and Road Initiative has grown and extended rapidly over its first decade and the Middle East has moved into the spotlight in recent years. • Saudi ArabiaInvestmentFintech • • • Recommended for You BELT AND ROAD SUMMIT MAPS PATH TO PROSPERITY Hong Kong will host the eighth Belt and Road Summit next week on 13-14 September, to reflect on the first decade of the Belt and Road Initiative and discuss future business and investment collaboration focused on emerging markets and new sectors, while showcasing Hong Kong’s unique advantages to the global community. 06 September 2023 • Belt and RoadInvestmentLogisticsTrade HONG KONG ASSET MANAGER SPREADS WINGS ASEAN is becoming an important destination for and source of investment capital from Hong Kong. • Mainland ChinaInnovationInvestment • • • BELT AND ROAD SPOTLIGHT ON SAUDI ARABIA The Belt and Road Initiative has grown and extended rapidly over its first decade and the Middle East has moved into the spotlight in recent years. • Saudi ArabiaInvestmentFintech WORLD BECOMES HONG KONG’S OYSTER World city Hong Kong has become the world’s food capital this week, as suppliers of ingredients and cuisine from across the globe gather to the city following the end of travel restrictions. • Food & BeveragesTradeBiotech HONG KONG ARBITER FOR DOMESTIC, OVERSEAS COMPANIES Hong Kong’s has a sound financial and legal system and its unique geographic advantages make the city an ideal venue for international legal and arbitration services. • Legal ServicesHong KongInnovationFintechFinanceInvestment • • • HONG KONG-ASEAN COLLABORATION GOES INTO TOP GEAR Links between Hong Kong and Southeast Asia are strengthening, as both balance the recovery from the COVID-19 pandemic with global challenges posed by supply chain interruptions, inflationary pressures and geopolitical tensions. • Hong KongMalaysiaSingaporeIndonesiaTradeFinanceInvestment • • • EXPANDING NETWORKS ACROSS ASEAN Business links between Hong Kong and Southeast Asia are growing faster than a rain-forest bamboo grove, prompting the Hong Kong Trade Development Council (HKTDC) to organise a mission to Singapore, the business hub of the Association of Southeast Asian Nations, Indonesia, the biggest ASEAN member, and nimble technology developer Malaysia. • Finance & Investm...Hong KongSingaporeIndonesiaFinanceInvestmentTechnologySourcing • • • SECURITIES FIRM GOES GLOBAL THROUGH HONG KONG Closer economic and trade development between Hong Kong and Mainland China in recent years has prompted many mainland securities companies to build a global presence through the financial hub of Hong Kong. 14 July 2023 • Finance & Investm...Hong KongMainland ChinaFintechInvestment • • • EASY BUD SPEEDS UP APPLICATION Easy BUD, a simplified application process for the government’s Dedicated Fund on Branding, Upgrading and Domestic Sales (BUD Fund), was launched last month to cut the processing time for applications. • Finance & Investm...Hong KongSmall-and-medium-...FintechInvestmentSME • • • HONG KONG, NINGBO DEEPEN PARTNERSHIP The Ningbo-Hong Kong Economic Cooperation Forum 2023, jointly organised by the HKTDC and the government of Ningbo city, Zhejiang province, was held in Hong Kong last month. A Ningbo delegation comprising political and business leaders attended in-person, as the two cities explored collaborations to drive the nation’s high-quality development, as well as create new momentum for Hong Kong’s economy. • TechnologyHong KongMainland ChinaNational developm...InvestmentTech & InnovationLogisticsDigital economyGreen techCultureEducation • • • HKTDC TAKES HONG KONG TO BANGKOK The Association of Southeast Asian Nations (ASEAN) is maturing into a key market and investment destination for Hong Kong firms, as well as a source of commodities and capital. Bangkok, capital of Thailand, lies in the heart of this fast-growing region. • Finance & Investm...Hong KongThailandCommerceMarketingSourcingFinanceInvestment • • • MANUFACTURERS STAY WITH GBA Standard Chartered and the Hong Kong Trade Development Council (HKTDC) this week released the Standard Chartered GBA Business Confidence Index (GBAI) for the second quarter of this year. • Finance & Investm...Hong KongMainland ChinaGBAInnovationTradeFinanceServices • • • HONG KONG LOOKS TO ZHEJIANG 上天堂下杭,蘇 (above is heaven below are Hangzhou, Suzhou) goes the old saying about two remarkably beautiful cities in the Yangtze Delta. And this week in Hong Kong, the focus has been on Hangzhou, capital of Zhejiang province, and the province as a whole. • Finance & Investm...Hong KongMainland ChinaLogisticsInvestmentTrade • • • GOGBA EXPANDS SERVICE NETWORK The Hong Kong Trade Development Council (HKTDC) this month opened its GoGBA Business Centre in the Guangdong-Hong Kong-Macao Greater Bay Area city of Jiangmen. • Logistics & Trans...Hong KongMainland ChinaTradeInvestment • • • Videos T-BOX PROGRAMME: TRANSFORM YOUR BUSINESS WITH OUR FREE 3-MONTH SUPPORT SERVICES 15 August 2023 | 1:16 • T-boxDigital Transform... T-BOX PROGRAMME: DIGITAL TRANSFORMATION 15 August 2023 | 1:08 • T-boxDigital Transform... T-BOX PROGRAMME: SUSTAINABILITY 15 August 2023 | 1:18 • T-boxDigital Transform... T-BOX PROGRAMME: NEW MARKETS 15 August 2023 | 1:38 • T-boxDigital Transform... 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