China Committee
China Committee Chairman Felix Lee attended the preparation meeting of the Beijing-Hong Kong Economic Cooperation Symposium on 27 August.
Held in Hong Kong, the event focused on key cooperation areas between the two cities, such as financial services, technological innovation, professional services, consumption and trade. Discussions centred on further expanding and deepening high-quality collaboration in critical sectors like technological innovation, the digital economy and services.
Meng Fanyong, Deputy Director of the Beijing Investment Promotion Service Centre, also participated in the symposium.
The Beijing-Hong Kong Economic Cooperation Symposium is an annual event taking place in Hong Kong and Beijing alternatively. This year the symposium will be held on 12 – 13 November in Hong Kong.
Chamber Chairman Agnes Chan attended the Hainan Free Trade Port Promotion and Policy Briefing on 9 September as the officiating guest. The event showcased Hainan Free Trade Port’s latest policies and development, and promoted investment and tourism opportunities in Hainan and Hong Kong.
Wang Qi, Chairman of the Chamber of Tianfu New Area, Sichuan, visited the Chamber on 9 September to discuss strengthening cooperation with Hong Kong. China Committee Chairman Felix Lee and members welcomed the delegation.
Tianfu New Area was officially approved in 2014 as the 11th national-level new area, serving as a key region in both the Belt & Road Initiative and the Yangtze River Economic Belt. Wang highlighted its significant locational advantages and growth potential, noting that GDP has exceeded RMB 500 billion, with 122 Fortune Global 500 companies establishing a presence there.
She also expressed hope for deeper exchanges between Sichuan and Hong Kong to promote regional integration and sustainable development.
Chamber CEO Patrick Yeung signed an MoU with the Hainan International Economic Development Bureau on 10 September, unlocking new opportunities for Hong Kong businesses at Hainan Free Trade Port.
The signing took place following a productive roundtable seminar with leaders from Hainan Province and the Hong Kong Business Association, chaired by Hainan Province Secretary Feng Fei. Feng highlighted Hong Kong’s pivotal role as Hainan’s biggest source of foreign investment – contributing over 70% of the province’s total – and its foremost partner in services trade.
He also expressed interest in encouraging Hong Kong enterprises to leverage the Hainan Free Trade Port’s favourable policies, including zero tariffs, low tax rates and streamlined market access, to expand into both Hainan and broader Chinese markets.
Opportunities in the biomedical sector were the main focus of the Greater Bay Area Biomedical Industry Exchange Conference on 10 September. Members of the China Committee attended the event, which also explored the “Hong Kong and Macao Medicine and Equipment Connect” policy. The conference was organized by the Guangdong Provincial Department of Commerce.
Li Zhijun, Deputy Director of the Administrative Committee of Suzhou New District, met with China Committee Vice Chairman Neo Wang on 10 September to explore potential collaboration.
Suzhou New District (SND), one of China’s first national ecological industry demonstration zones, has an industrial output value surpassing RMB 340 billion. Li explained that SND has built strong sectors, including new high-end equipment manufacturing, photonics and integrated circuits, medical devices, and health-related industries. Over 2,000 foreign-invested companies have set up operations in the district, boosting economic activity.
Han Gang, Vice President of Luzhou Bank Co., Ltd. and Party Committee Member, visited the chamber on 11 September to promote the bank’s development and internationalization goals.
During a fruitful exchange with Petrina Tam, Convenor of the GBA Working Group, and Neo Wang, Vice-Chairman of the China Committee, the two sides discussed foreign exchange transactions, financial bond investments, as well as fintech and innovation.
Founded in 1997, Luzhou Bank is a state-owned enterprise under the jurisdiction of Luzhou City and is the second-largest listed bank in Sichuan Province. It was listed in Hong Kong in 2018. Han introduced the bank’s capabilities in digital finance, risk management and business scale.
Highlighting Hong Kong’s strengths as a major global financial centre, with mature financial markets, diverse product offerings and international financial talent, Han said the bank aimed to utilize these advantages to energize business growth.
Qinghai’s Thangka art, cultural tourism and agricultural products were showcased at the Qinghai (Huangnan Prefecture) – Hong Kong Economic and Trade Cooperation Seminar on 11 September.
China Committee Chairman Felix Lee attended the event, which also promoted traditional Chinese, Tibetan and Mongolian medicine. Another strategic focus of the seminar was strengthening economic ties and expanding Belt and Road cooperation.
Nansha is poised to become the next major financial hub in the GBA. At the China Committee meeting on 12 September, members learnt about the “Nansha 30 Financial Measures,” a groundbreaking policy framework introduced in May 2025 by the People’s Bank of China and other Central Government bodies.
Duncan Chiu, Chief Representative of the Nansha Hong Kong Service Centre, and Chen Ziwei, from the State-owned Assets Supervision Bureau of Guangzhou Nansha Economic-Technological Development Zone, explained that the initiative aims to establish Nansha as a pivotal financial centre in the GBA.
The focus is on seven main sectors, including innovation, advanced manufacturing, the digital economy and cross-border finance. Key features include facilitating cross-border capital flows, expanding green and shipping finance, and creating more adaptable regulatory mechanisms to support innovation.
Substantial incentives accompany the plan, including a preferential 15% corporate income tax rate and personal income tax benefits. For instance, Hong Kong and Macao residents working in Nansha are exempt from paying personal income tax on the portion of earnings that exceed what they would pay in their home regions.
Members of the China Committee visited Guangzhou last month to attend the Guangdong High-Quality Products Expo.
Held under the theme “Guangdong Excellence, Embracing a Bright Future,” the event primarily featured consumer product exhibitions and supplier-buyer matching activities. Over 40 matchmaking sessions were held to help Guangdong enterprises expand into the domestic sales market. The expo was hosted by the Guangdong Provincial Federation of Industry and Commerce.
Critical topics such as international supply chain innovation, cross-border finance, AI and biomedical industries were highlighted at the Third Business Conference on Guangdong-Hong Kong-Macao Greater Bay Area Development, held on 15 September.
China Committee Chairman Felix Lee attended the opening ceremony of the conference, whose theme was “Empowering the GBA, Creating New Opportunities,” underscoring deeper cooperation between the GBA and global business communities.
During a parallel thematic seminar on the Guangdong-Macao cooperation platform and industry matching, Lee shared his insights into medical collaboration between Guangdong and Hong Kong, as well as the development of a value-based healthcare payment system in the GBA.
The inauguration ceremony of the Sixth Council of the Hong Kong-Guangzhou Nansha Overseas Friendship Association took place on 16 September.
China Committee Chairman Felix Lee represented the Chamber at the ceremony, which was attended by Liu Guoqiang, Deputy Director of the United Front Work Department of Guangzhou, and Liu Wei, Secretary of the Nansha District Committee.
HKGCC Deputy Chairman Peter Lam and Vice Chairman Jacob Kam attended a reception hosted by the Business Community of Hong Kong on 16 September to celebrate the 76th anniversary of China’s founding.
Financial Secretary Paul Chan, Deputy Director of the Central Government’s Liaison Office in Hong Kong Yin Zonghua, Deputy Commissioner of the Ministry of Foreign Affairs in Hong Kong Li Yongsheng, and Regina Ip Lau Suk-yee, Convener of the Executive Council were the officiating guests.
Over 500 guests attended the event, which was organized by HKGCC, the Chinese General Chamber of Commerce, the Chinese Manufacturers’ Association of Hong Kong, the Federation of Hong Kong Industries, the Real Estate Developers Association of Hong Kong and the Hong Kong Chinese Enterprises Association.
Exploring Hunan’s Creative Pulse
The China Committee’s visit to Changsha on 18-19 September spotlighted Hunan’s thriving cultural and creative industries.
Led by Chairman Felix Lee and Vice Chairman Edmond Yew, the delegation experienced the city’s creative energy firsthand, from touring the production base of popular tea brand Chayan Yuese to exploring the Malanshan Video Cultural and Creative Industrial Park. The group also visited the production centre of the hit Chinese variety show “Call Me by Fire” and the cutting-edge NetEase (Changsha) Digital Industry Centre.
In high-level discussions with Shen Yumou, Director, and Liu Suyue, Deputy Director of the Hunan Provincial Department of Commerce; Zheng Ping, Vice Mayor of Changsha; and Yang Aiyun, President of Hunan CCPIT, the delegation was given detailed updates on the province’s latest economic developments.