Speech by Acting SCED at launch event of Business Climate Survey for Swedish Companies in Hong Kong SAR 2025
Following is the speech by the Acting Secretary for Commerce and Economic Development, Dr Bernard Chan, at the launch event of the Business Climate Survey for Swedish Companies in Hong Kong SAR 2025 (Business Climate Survey 2025) today (May 22):
Secretary Jevrell (State Secretary to the Minister for International Development Cooperation and Foreign Trade of Sweden, Mr Håkan Jevrell), Consul General Bergholm (Consul General of Sweden in Hong Kong, Ms Louise Bergholm), distinguished guests, ladies and gentlemen,
Good evening. My pleasure to join you all today. This annual Business Climate Survey is indeed a valuable resource for understanding the perceptions and experiences of Swedish businesses in our city. I would like to sincerely congratulate Team Sweden for this initiative.
Hong Kong and Sweden have been enjoying a mutually beneficial relationship. Among the European Union member states, Sweden is our fourth-largest partner in services trade and 13th-largest partner in merchandise trade. In 2024, the merchandise trade between the two places amounted to HK$6.6 billion, a testament to the robust economic ties between the two economies. Hong Kong is also home to several world-renowned Swedish companies, such as IKEA and H&M, whose high-quality products have become household names in our city. We deeply value their contributions to Hong Kong's economy and society.
The annual report reveals that Swedish businesses in Hong Kong perceive an improvement in the business climate compared to last year. This is indeed encouraging news, and it reaffirms Hong Kong's position as an important regional hub and an attractive destination for Swedish companies to establish and expand their operations. Hong Kong's competitive advantages, which include the rule of law, free flow of capital, a free trade and investment regime, and an efficient and clean government, all remain intact. Together with our low, simple and competitive tax system, open business environment, world-class infrastructure and multicultural talent pool, Hong Kong continues to offer unparalleled advantages for businesses from around the globe.
Like Sweden, Hong Kong is a staunch supporter of free trade. As a founding member of the World Trade Organization, we have never implemented any customs tariffs. We will continue to uphold the principle of free trade and firmly oppose any unilateral and bullying actions that undermine the global trading system.
Despite the challenges posed by the economic slowdown in overseas markets and the impact of geopolitics, the Hong Kong Special Administrative Region (HKSAR) Government has been actively working to consolidate our status as an international trade centre through diversified measures. Under "one country, two systems", Hong Kong has the unique advantage of connecting both the Mainland and the rest of the world. We are committed to seizing opportunities to strengthen our international ties, particularly through closer partnerships with the Guangdong-Hong Kong-Macao Greater Bay Area and the expansion of overseas markets. In the face of a complex and ever-changing global trade landscape, we will do our best to turn risks into opportunities, ensuring the sustainable development of Hong Kong as a global trade hub.
According to the latest annual survey in 2024, Hong Kong has a record high of 9 960 companies with overseas or Mainland parent companies, including around 100 from Sweden, representing a year-on-year increase of over 7 per cent. These figures underscore Hong Kong's growing attractiveness as a destination for global businesses, including those from Sweden.
As shown in the findings of this year's Business Climate Survey, our city's institutional fundamentals and core strengths, such as our common law system, regulatory regime aligned with international rules, as well as key national strategies like the Greater Bay Area development and the Belt and Road Initiative, are key reasons why so many Swedish companies have chosen to establish their presence here. The HKSAR Government will continue to work hard to maintain and enhance our favourable business environment.
To promote the development of strategic industries, Hong Kong is actively seeking technology partnerships in areas such as green tech, climate solutions and sustainable urban development, where Sweden excels. We believe that Swedish innovation in clean energy, circular economy and smart cities aligns perfectly with Hong Kong's development goals. Our investment promotion agency, Invest Hong Kong (InvestHK), along with its consultant office in Gothenburg, will continue to provide one-stop customised support services to Swedish businesses exploring opportunities in our city.
In short, Hong Kong is the only place in the world where the global advantage and the China advantage converge in a single economy. Our city is an ideal destination for Swedish businesses and investment, especially for those looking to enter the vast market of Mainland China.
Before I conclude, I would like to take this opportunity to invite you all to the upcoming European Community Networking Reception 2025, to be held on June 4. This event will provide a wonderful platform for you to connect, collaborate and explore new business opportunities with fellow European companies. Your presence would undoubtedly enrich our discussions and networking. For more information, please visit InvestHK's website. I look forward to seeing you there.
In closing, I would like to congratulate again Team Sweden on the successful launch of the 2025 Business Climate Survey. Hong Kong remains committed to fostering a business-friendly environment and strengthening our ties with Sweden. Together, we can unlock new opportunities and achieve greater success in the years to come.
Thank you so much. Enjoy the evening.
EDB reminds parents to choose primary schools under Central Allocation process for their children
The Education Bureau (EDB) today (January 12) reminded parents that children who have joined the Primary One Admission (POA) System for 2026 but have not yet secured a discretionary place can take part in the Central Allocation process for a Primary One (P1) place in a government or aided primary school. Parents concerned should make their choice of schools within the period from January 19 to 25.
Digitalisation of POA
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In line with the Smart Government strategy, the EDB has fully implemented digitalisation of the POA. Parents who have registered as POA e-Platform (ePOA) users and have bound their account to "iAM Smart+" may submit the Choice of Schools Form for Central Allocation from January 19 to 25 through the ePOA. Please refer to the related videos and Parent's Guide on the EDB's website (www.edb.gov.hk/en/edu-system/primary-secondary/spa-systems/primary-1-admission/poa_eplatform/index.html) for details of the procedures for activating and logging into an ePOA account and for making school choices for the Central Allocation of POA via the e-Platform.
Making school choices at Central Allocation Centres
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The EDB will send letters to parents on January 14 inviting them to make their choice of schools. To cater for the needs of different parents, parents can still submit the Choice of Schools Form in paper form by visiting the designated Central Allocation Centre at the suggested time slot (i.e. 9.30am to 12.30pm or 1.30pm to 4.30pm on January 24 (Saturday) or 9.30am to 12.30pm on January 25 (Sunday)) stated in the letter.
Parents who are ePOA users may choose to submit the Central Allocation Application via the ePOA or in paper form to the Central Allocation Centre but should not submit duplicate applications. Parents who have not yet received the letter by January 19 should call the School Places Allocation Section of the EDB (Hotline: 2832 7700) as soon as possible.
Only one parent of an applicant child is required to complete the school choice-making procedures. Parents are advised not to take their children to the Central Allocation Centre if possible. Parents who cannot make school choices within the suggested time slot can go to the designated Central Allocation Centre from 1.30pm to 4.30pm on January 25. The Choice of Schools Form will be sent together with the letter to parents who have submitted a paper Application Form at the Discretionary Places stage for filling out in advance.
In the event of adverse weather or other special conditions on any day during the period of making school choices, please pay heed to radio or television announcements on the relevant special arrangements.
Unable to submit application within specified choice-making period
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For individual parents who are unable to use the ePOA or go to the Central Allocation Centre to make school choices, they can authorise in writing a representative to bring the completed Choice of Schools Form and their signed Letter of Authorisation to the Central Allocation Centre to proceed with the related procedures.
To apply for POA 2026 for their children after January 25, parents need to complete necessary procedures with the School Places Allocation Section, which will separately arrange P1 places for the applicant children in June.
Change of residential address
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An EDB spokesman reminded parents that, if they have recently moved their residence or have such plans in the near future, they are required to inform the School Places Allocation Section as soon as possible so that they can make school choices in the POA School Net where their new home is located. Parents should fill in the actual residential address of their child. If they provide a false address for securing a P1 place, the POA application of their child will be rendered void and the P1 place allocated will be withdrawn.
The EDB has put in place a monitoring mechanism to verify the residential addresses of applicant children as given by the parents. Random checks have also been stepped up. The public may call the School Places Allocation Section to report suspected cases of using a false address by parents for their children's POA application. The EDB will take action against false address cases.
Mechanism of Central Allocation
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Central Allocation is composed of two parts. Part A, which takes up 10 per cent of the P1 places earmarked for Central Allocation, is for unrestricted school choices. Parents can choose up to three government or aided primary schools in any school net. Part B takes up the remaining 90 per cent of the P1 places earmarked for Central Allocation. Parents of applicant children residing in the school net concerned are to select schools from the "Choice of Schools List for Central Allocation (Primary One Admission 2026)" of their school net, while parents of applicant children who intend to commute daily to schools in Hong Kong are to select schools from the "2026 Choice of Schools List for Central Allocation (For Applicant Children who intend to commute daily to schools in Hong Kong)". Parents should fill in the Choice of Schools Form in the order of their preference.
The mechanism of the Central Allocation is based on parents' choices in general. The computer-programmed allocation will first process the school choices in Part A and then the school choices in Part B. For oversubscribed schools, the order of priority in allocating places will be determined by random numbers generated by the computer for individual applicants to ensure fairness.
For information about the procedures for Central Allocation, please call the EDB's 24-hour automatic telephone enquiry service at 2891 0088.
Release of Central Allocation results
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For parents who have already activated their ePOA account via "iAM Smart" or "iAM Smart+", they will receive their Central Allocation results through the ePOA from 10am on June 3. Parents who wish to receive the allocation results via SMS on June 3 may choose such an option in the Choice of Schools Form. In addition, the allocation results will be sent to parents by post on June 3 and 4.
Source: AI-found images
