Paul Chan Visits Companies in Beijing, Promotes Hong Kong as Global Business Hub

FS visits companies in Beijing

​The Financial Secretary, Mr Paul Chan, who is currently in Beijing, made visits to a number of companies today (March 22). He will also attend the dinner of the China Development Forum this evening.

In the morning, Mr Chan visited a leading pop cultural entertainment company on the Mainland. This company, listed in Hong Kong, operates several popular intellectual property (IP) artistic toys that are well-received both domestically and globally. Mr Chan visited the company's thematic park and met with its senior management to understand their business status and development plans. He expressed his pleasure that the company, as a leading cultural and creative enterprise, has successfully used Hong Kong as a platform to enter both regional and global markets. He welcomed the company's plans to establish more physical sales networks in Hong Kong and to diversify its services. Mr Chan pointed out that to promote the development of Hong Kong as a regional intellectual property trading centre, the Hong Kong Special Administrative Region (HKSAR) Government has proposed in the Budget to review the tax deduction arrangements for acquiring IP usage rights, etc., with a view to driving the further development of the relevant industries and ecosystem. He also encouraged the company to fully leverage Hong Kong's advantages in funding, talent and professional services by establishing its international business headquarters and corporate treasury centre in Hong Kong to support their global business development.

Mr Chan then visited another company focused on the research and development of high-precision artificial intelligence products. Their intelligent sensing solutions are widely applied in smart traffic management, self-driving, perception robots and the low-altitude economy. They have been adopted by several cities across the country, including Beijing and Shanghai. The company is planning to establish its international business headquarters and global research and development (R&D) centre in Hong Kong, and is preparing for listing on the Hong Kong Stock Exchange. Mr Chan viewed the company's latest high-end products and engaged in in-depth discussions with the company's senior executives and R&D team. He encouraged them to bring their R&D teams and more technological solutions to Hong Kong, and to utilise Hong Kong's international capital, talent and professional services to further expand their business into other markets in the world.

Mr Chan will attend the China Development Forum tomorrow (March 23) and will speak at a thematic seminar during the forum.

FS visits companies in Beijing Source: HKSAR Government Press Releases

FS visits companies in Beijing Source: HKSAR Government Press Releases

FS visits companies in Beijing Source: HKSAR Government Press Releases

FS visits companies in Beijing Source: HKSAR Government Press Releases

Notice on appointments to advisory and statutory bodies

A Government spokesman said today (January 12) that Mr Chan Kin-por recently sought approval from the Chief Executive to suspend his three public positions as appointed by the Chief Executive, until the completion of the work of the Independent Committee in relation to the fire at Wang Fuk Court in Tai Po (Independent Committee). Mr Chan made this request to allow himself more time to dedicate to the work of the Independent Committee. After due consideration, the Chief Executive has agreed to and approved this request. The three public positions are: (1) Chairman of Independent Commission Against Corruption Advisory Committee on Corruption; (2) Non-executive Director of Urban Renewal Authority Board; and (3) Member of Honours and Non-official Justices of the Peace Selection Committee.

On December 12, 2025, the Government established the Independent Committee to examine the causes of the incident and related issues, ascertain the facts, and make recommendations on preventing similar tragedies and on improvement measures. The Independent Committee is chaired by Mr Justice David Lok, with Mr Chan Kin-por and Dr Rex Auyeung Pak-kuen serving as members. The Independent Committee held its first meeting on December 19 last year and aims to complete its work within nine months of commencing operations.

Mr Chan Kin-por wrote earlier to the Chief Executive, expressing his wish to suspend the aforementioned three public positions until the Independent Committee completes its work, in order to dedicate more time and focus to the Independent Committee's tasks. The Chief Executive has agreed to and approved the request.

A Government spokesperson said that since the fire at Wang Fuk Court in Tai Po, both the Government and the wider community have been highly concerned about the causes of the incident and the follow-up work. The scope of the Independent Committee's work is extensive, particularly concerning systemic issues related to bid-rigging and connected interests. Given the numerous issues involved and their complex nature, the Government will fully co-operate with the Independent Committee to ensure that it can complete its work and compile its report within nine months. The Government extends its gratitude to Mr Chan for accepting the appointment as a member of the Independent Committee and for his professional and conscientious approach to the Committee's work. When the Independent Committee's work is completed, the Government looks forward to Mr Chan's continuous contribution through his aforementioned public positions.

Source: AI-found images