John Lee Leads Hong Kong Delegation to Strengthen Economic Ties with Qatar

2025-05-11 21:00 Last Updated At：05-12 18:40

CE leads delegation to begin visit programme to Qatar

The Chief Executive, Mr John Lee, today (May 11) led a business delegation comprising representatives from Hong Kong and Mainland enterprises to commence its visit programme to Qatar. He met with leaders and government officials of Qatar and leant about the latest development of the country's sovereign wealth fund. He also exchanged views with representatives of a local financial institution. He inspected Qatar's town planning and visited local cultural and tourism facilities.

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CE leads delegation to begin visit programme to Qatar Source: HKSAR Government Press Releases

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CE leads delegation to begin visit programme to Qatar Source: HKSAR Government Press Releases

In the morning, Mr Lee met respectively with the Amir of Qatar, Mr Tamim bin Hamad Al Thani, the head of state of Qatar; the Prime Minister and Minister of Foreign Affairs of Qatar, Mr Mohammed bin Abdulrahman Al Thani; and the Minister of Communications and Information Technology, Mr Mohammed bin Ali bin Mohammed Al Mannai, to exchange views on strengthening bilateral relations and economic co-operation between Hong Kong and Qatar.

Mr Lee said that Qatar and Hong Kong are economic powerhouses in the Middle East and the Asia-Pacific region respectively. Noting that Qatar is Hong Kong's third-largest trading partner in the Middle East with bilateral trade in goods worth US$1.6 billion last year, Mr Lee said that there is plenty of room for further growth in trade and business between the two places. He also expressed his anticipation that during this visit, multiple memoranda of understanding and agreements will be made between Hong Kong and Qatar, covering various areas including trade and investment promotion, financial services, innovation and technology (I&T), and cultural tourism, with a view to further enhancing co-operation among the governments and institutions of the two places.

Mr Lee said that Hong Kong, as a functional platform of the Belt and Road Initiative, is committed to deepening international exchanges and co-operation and leveraging its strengths as a "super connector" and "super value-adder" to facilitate and add value to government and business projects along the Belt and Road through the city's world-class professional services. He also said that the Qatar National Vision 2030 and the Belt and Road Initiative align in their values and aspirations for achieving high-quality development through all-round co-operation, embracing economic diversification and innovation, as well as fostering friendship and facilitating exchanges.

Mr Lee also highlighted that both Hong Kong and Qatar attach great importance to technological development and regard artificial intelligence as an engine of new economic development. He said he hoped that Hong Kong and Qatar would enhance collaboration through joint research and exchanges, joint ventures, and cross-border investments to achieve mutual benefits.

Mr Lee also visited Qatar Investment Authority this morning to learn about the development of Qatar's financial sector. Established in 2005, the Qatar Investment Authority is Qatar's sovereign wealth fund. It manages and grows Qatar's financial assets, with an aim to diversify Qatar's economic development and ensure the country's long-term financial sustainability. Mr Lee received an in-depth briefing on the operation and investment strategies of the sovereign wealth fund, and explored with the Qatar Investment Authority the development and co-operation opportunities for both sides in finance and the economy.

In the afternoon, Mr Lee attended a luncheon hosted by an international financial group, where he gained insights into the group's analysis of Qatar's banking and financial services industry, as well as its capital markets.

Noting that Hong Kong, an international financial centre now moving towards also becoming an international green finance hub, Mr Lee said that last year the total amount of green and sustainable debt issued in Hong Kong exceeded US$84 billion, with green and sustainable bonds accounting for approximately US$43 billion. It captured around 45 per cent of the total Asian market, ranking first in the region for seven consecutive years. Mr Lee said that under the principle of "one country, two systems", Hong Kong and Mainland enterprises complement each other's strengths, and that Hong Kong would give full play to its bridging role in attracting international investments to China and "going global" with Mainland enterprises. He welcomed Qatari enterprises to leverage Hong Kong's broad and deep capital markets, professional financial services and seamless connectivity with the Mainland market to raise international funds for their sustainable infrastructure projects.

Afterwards, Mr Lee led the delegation to visit Lusail City, the second-largest city in Qatar, to understand how the city integrates I&T with urban planning and infrastructure development. Lusail City is one of Qatar's flagship smart cities, focusing on information and communication technology, with the aim of developing into a model for intelligent living, urban evolution and diverse cultural landscapes. Mr Lee said that Hong Kong, as the world's third-largest financial centre, offers world-class professional services that can support Qatar's investment needs. He also noted that Hong Kong and Qatar can explore co-operation and exchanges in areas such as sustainable urban development.

Mr Lee will later visit the National Museum of Qatar to learn about the country's history and rich cultural heritage. The museum, which opened in 2019, is dedicated to vividly presenting the story of Qatar and its people in an innovative and immersive way.

The delegation led by Mr Lee will attend a dinner hosted by the Ambassador Extraordinary and Plenipotentiary of the People's Republic of China to the State of Qatar, Mr Cao Xiaolin. Mr Lee expressed his gratitude to the Embassy for its strong support to the Hong Kong Special Administrative Region Government and the Hong Kong Economic and Trade Office in Dubai, and for making meticulous arrangements for the visit.

Mr Lee will lead the delegation to continue its visit to Qatar tomorrow (May 12) to meet with local political and business leaders before departing for Kuwait.

Special Traffic Arrangements in Happy Valley for Race Day Today

Special traffic arrangements for race meeting in Happy Valley

The Police will implement special traffic arrangements in Happy Valley today (January 14). These arrangements will remain in effect until the race meeting has concluded, spectators have dispersed, and traffic conditions return to normal.

A. Traffic arrangements before the commencement of the first race

The following road closure and traffic diversions will be implemented from 50 minutes before the start of the first race for day racing, or from 6pm onwards for night racing:

1. Road closure

Southbound Wong Nai Chung Road between Queen’s Road East and the up-ramp outside the Hong Kong Jockey Club (HKJC) will be closed, except for vehicles heading for Aberdeen Tunnel.

2. Traffic diversions

- Southbound Wong Nai Chung Road between Village Road and the up-ramp outside the HKJC will be re-routed one way northbound;

- Traffic along eastbound Queen's Road East heading for Wan Chai and Happy Valley will be diverted to turn left to Morrison Hill Road;

- Traffic along southbound Morrison Hill Road heading for Happy Valley will be diverted via Sports Road and Wong Nai Chung Road;

- Traffic along Queen's Road East cannot turn right to Wong Nai Chung Road, except for vehicles heading for Aberdeen Tunnel;

- Traffic from Cross Harbour Tunnel heading for Queen's Road East will be diverted via the down-ramp leading from southbound Canal Road flyover to Morrison Hill Road to turn right at the junction of Wong Nai Chung Road and Queen's Road East; and

- Traffic from Cross Harbour Tunnel heading for Happy Valley or Racecourse will be diverted via the down-ramp leading from southbound Canal Road flyover to Canal Road East, southbound Morrison Hill Road, Sports Road and Wong Nai Chung Road.

B. Traffic arrangements before the conclusion of race meeting

The following road closure and traffic diversions will be implemented from about 35 minutes before the start of the last race:

1. Road closure

- The up-ramp on Wong Nai Chung Road outside the HKJC leading to Aberdeen Tunnel;

- Southbound Wong Nai Chung Road between Queen's Road East and the up-ramp leading to Aberdeen Tunnel;

- Southbound Wong Nai Chung Road between Village Road and the Public Stands of the HKJC;

- Westbound Leighton Road between Wong Nai Chung Road and Canal Road East; and

- Southbound Morrison Hill Road between Leighton Road and Queen's Road East.

In addition, southbound Wong Nai Chung Road between the up-ramp leading to Aberdeen Tunnel and the Public Stands of the HKJC will be closed from about 10 minutes before the start of the last race.

2. Traffic diversions

- Eastbound Queen's Road East at its junction with Morrison Hill Road will be reduced to one-lane traffic heading for northbound Canal Road flyover;

- Traffic from Cross Harbour Tunnel heading for Wan Chai will be diverted via the down-ramp leading from southbound Canal Road flyover to Canal Road East, U-turn slip road beneath Canal Road flyover, Canal Road West and Hennessy Road;

- Traffic from Cross Harbour Tunnel heading for Happy Valley will be diverted via the down-ramp leading from southbound Canal Road flyover to Canal Road East, eastbound Leighton Road and Wong Nai Chung Road;

- Traffic along southbound Morrison Hill Road will be diverted to turn left to eastbound Leighton Road;

- Traffic along southbound Morrison Hill Road heading for Happy Valley will be diverted via eastbound Leighton Road and Wong Nai Chung Road; and

- Traffic along westbound Leighton Road will be diverted to Wong Nai Chung Road.

C. Prohibition for learner drivers

Learner drivers will be prohibited to turn left from Caroline Hill Road to Leighton Road between one and a half hours before the start of the first race and one hour after the last race. In addition, learner drivers will be prohibited from accessing the following roads within the above period of time:

- Shan Kwong Road between Yik Yam Street and Wong Nai Chung Road;

- Village Road between its upper and lower junctions with Shan Kwong Road;

- Percival Street between Hennessy Road and Leighton Road;

- Canal Road East; and

- The service road leading from Gloucester Road to Canal Road flyover.

D. Suspension of parking spaces

Parking spaces on southbound Wong Nai Chung Road between Sports Road and Blue Pool Road will be suspended from 11am to 7pm for day racing, and from 5pm to 11.59pm for night racing respectively.

All vehicles parked illegally during the implementation of the above special traffic arrangements will be towed away without prior warning, and may be subject to multiple ticketing.

Actual implementation of road closure and traffic diversion will be made by the Police at the time depending on traffic conditions in the areas. Motorists should exercise tolerance and patience, and follow the instructions of police officers on site.

John Lee Leads Hong Kong Delegation to Strengthen Economic Ties with Qatar