Past Events

Zhen Zhanmin, Vice President of the Chinese Academy of Social Sciences, visited the Chamber on 31 March. Chamber Chairman Agnes Chan warmly welcomed his delegation.

The visit provided an opportunity to promote collaboration between think tanks and businesses. Zhen emphasized the vital role of entrepreneurs, noting that private enterprises in China contribute over 60% of the country’s GDP and account for more than 80% of employment.

He said the Chinese Academy of Social Sciences could be described in four key terms: think tank, science, institution and stronghold, and explained that it serves as a scientific research organization and a theoretical stronghold integrating science and education.

Zhen expressed hope that his visit would lay the groundwork for further collaboration between think tanks and enterprises. He also underlined the importance of strengthening partnerships between the academy and businesses as well as facilitating knowledge exchange.

It was a treat to hear the insights of renowned economist Dr. Keyu Jin at the Chamber’s Distinguished Speakers Series on 26 March, hosted by Chairman Agnes Chan. Dr. Jin explained that the global economy is changing not only due to geopolitics and protectionism but also because of increasing decentralization, shifting patterns of foreign direct investment (FDI), and changing attitudes among countries and even younger generations.

She emphasized that Hong Kong remains a vital gateway between China and the world, particularly in finance and innovation. She noted that the Chinese government has recently highlighted the importance of keeping the economy open and avoiding protectionism, which is attracting more foreign capital and companies as they seek stability.

It was a pleasure to welcome Orumbayeva Asel, Advisor to the Group’s President, Fincraft Group Ltd, along with her colleagues, to the Chamber on March 24. They were greeted by HKGCC CEO Patrick Yeung, Belt and Road Convenor Edmond Yue, Asia, Africa & Middle East Committee Chairman Dewan Saiful Alam, and Vice Chairman Zaman Minhas Qamar, who exchange views on the business landscape in Kazakhstan, and investment opportunities in Hong Kong.

As one of the largest mining and metallurgy firms in Kazakhstan, Fincraft Group is diversifying its business beyond oil and gas production, with exports mainly to China. The group is shifting towards more sustainable practices, including the development of a full-cycle facility for gas processing, depositing of rare earth materials for electric vehicles and renewable energy, as well as providing venture opportunities for foreign investors.

Kanatuly Azamat, Head of the Investment Office, Fincraft Group Ltd, highlighted that as a full member of the Eurasian Economic Union, Kazakhstan is currently experiencing accelerated economic growth, with access to Western Europe and Asia under the Belt and Road Initiative. Patrick Yeung agreed on the potential of businesses in Kazakhstan and encouraged Fincraft Group to leverage the recently agreed trilateral cooperation between Kazakhstan, Xinjiang Uyghur Autonomous Region (XUAR), and Hong Kong to expand its business into ASEAN through Hong Kong.