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…
Secretary for Commerce and Economic Development Algernon Yau has called for deeper strategic ties between Hong Kong and Malaysia in anticipation of a new economic and trade office's opening in Kuala Lumpur. During a business symposium in the Malaysian capital, Yau highlighted potential collaboration in fintech, artificial intelligence, Islamic finance, and green finance.
He also mentioned a government-backed initiative encouraging Chinese Mainland businesses to expand overseas through Hong Kong. Yau expressed optimism about the mutual benefits and a "win-win" outcome for both nations. He noted that bilateral trade between Hong Kong and Malaysia increased by 27.4 percent year-on-year in 2025, reaching US$34.8 billion, underscoring the strength of their economic partnership.
Yau envisions a future where Hong Kong and Malaysia are not just trading partners but strategic allies in innovation, sustainability, and economic development. He is leading a delegation of business representatives from various sectors in Hong Kong and the mainland to Kuala Lumpur.
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