Qiu Yinghua: Hong Kong's overall economy is in a period of transition. It is hoped that small and medium-sized enterprises can develop and explore business opportunities through e-commerce platforms.

date
19/09/2025
avatar
GMT Eight
The Director of the Hong Kong Trade and Economic Development Bureau, Edward Yau, stated during a radio program that Hong Kong's overall economy is currently undergoing a period of transformation, and the authorities will assist businesses in seeking new opportunities.
Commissioner for Commerce and Economic Development of Hong Kong, Edward Yau, stated during a radio program that Hong Kong's overall economy is in a period of transition, and the government will assist businesses in finding new opportunities, especially for Mainland enterprises. They hope to play the role of a super connector and super value-added person, integrating into the Greater Bay Area development and playing a role in the national dual circulation. Yau mentioned that the policy address proposed injecting HK$1.43 billion into the BUD Special Fund to assist local small and medium enterprises in upgrading and transforming. They hope that businesses can develop and explore opportunities through e-commerce platforms. The Support Group for SMEs under the Innovation and Technology Bureau will provide advice to businesses, and the Labour Department will recruit talent to assist in the operations of small and medium enterprises. When asked whether the government's lowering of the threshold for investors in the Capital Investment Entrant Scheme for residential property investments represents that the previous threshold in Hong Kong was higher than in other regions, Yau stated that such comparisons are not appropriate and that each situation is unique.