New trade office to spur closer ties with Malaysia

Secretary for Commerce and Economic Development Algernon Yau has called for closer strategic ties between Hong Kong and Malaysia ahead of the opening of a new economic and trade office in Kuala Lumpur on Tuesday afternoon. Addressing a business symposium in the Malaysian capital, Yau spotlighted new collaboration opportunities in fintech, AI, Islamic finance, and green finance. He also…

news.rthk.hk ·4d ago

In a bid to strengthen ties, Hong Kong's Commerce and Economic Development Secretary, Algernon Yau, has announced plans for a new economic and trade office in Malaysia. Speaking at a business symposium in Kuala Lumpur, Yau emphasized potential collaboration opportunities in fintech, AI, Islamic finance, and green finance. He also mentioned a government initiative to aid Chinese Mainland enterprises in expanding overseas through Hong Kong.

Yau expressed optimism about the partnership, stating that it would result in mutual benefits and a win-win outcome for both countries. Hong Kong and Malaysia's bilateral trade has grown by 27.4 percent year-on-year in 2025, reaching US$34.8 billion, indicating the strength of their economic relationship. Yau foresees a future where Hong Kong and Malaysia are not merely trading partners, but also strategic partners in innovation, sustainability, and economic development.

A business delegation comprising representatives from finance, professional services, healthcare, automobile, and innovation and technology sectors from both Hong Kong and Mainland China will lead this delegation.

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