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Hong Kong Reinforces Role as Global Business Gateway at 12th Transpacific Entrepreneurial Conference in Toronto

HK

Hong Kong Reinforces Role as Global Business Gateway at 12th Transpacific Entrepreneurial Conference in Toronto
HK

HK

Hong Kong Reinforces Role as Global Business Gateway at 12th Transpacific Entrepreneurial Conference in Toronto

2026-01-28 20:00 Last Updated At:01-29 11:38

Hong Kong highlighted as "super-connector" at 12th Transpacific Entrepreneurial Conference

The Hong Kong Economic and Trade Office (Toronto) (Toronto ETO) reaffirmed Hong Kong's unique role as a global business gateway at the 12th Transpacific Entrepreneurial Conference, held on January 28 (Hong Kong time).

The Conference, themed "TransPacific Economic Diversification: New Investment Opportunities", was held in a hybrid format connecting Hong Kong, Canada, and Asia, bringing together entrepreneurs, investors, and business leaders to explore emerging trade and investment prospects between Asia and Canada. The annual Conference is a signature initiative of the Canadian Chamber of Commerce in Hong Kong, jointly presented with the Hong Kong-Canada Business Association and supported by Toronto ETO and Invest Hong Kong (InvestHK).

In his opening speech, the Director of the Toronto ETO, Mr Bill Wong, described Hong Kong as a "super-connector" and "super value-adder", highlighting the city's distinct advantages under the "one country, two systems" principle. These include its highly internationalised business environment, world-class professional services, common law system aligned with international practices, and simple and competitive tax regime, all of which position Hong Kong as a natural bridge between the Chinese Mainland and global markets.

Mr Wong noted that, despite global trade challenges, during the first 11 months of 2025, Hong Kong's exports and imports of goods both grew by over 14 per cent. Hong Kong also reclaimed its position as the world's leading initial public offering venue, raising approximately US$35 billion, contributing to a year of economic growth expected to reach 3.2 per cent.

He also pointed out that Hong Kong's competitiveness continues to receive strong international recognition. In 2025, Hong Kong was ranked the world's freest economy by the Canadian-based Fraser Institute, third globally in terms of competitiveness, as well as among the global financial centres.

Looking ahead, Mr Wong highlighted initiatives announced in the latest Policy Address to further strengthen Hong Kong's role as a "super-connector". These include the establishment of a new task force to support Mainland enterprises in expanding overseas through Hong Kong and the launch of the "Economic and Trade Express" platform, which brings together the efforts of the overseas Hong Kong Economic and Trade Offices, InvestHK and the Hong Kong Trade Development Council to assist overseas companies in accessing Asian and Chinese Mainland markets via Hong Kong.

As Hong Kong will help create more opportunities for businesses, he encouraged Canadian and international entrepreneurs to leverage the strengths of Hong Kong as a dynamic platform for growth, innovation, and transpacific economic diversification.

The 12th Transpacific Entrepreneurial Conference included six panel discussions with over 30 speakers from leading companies in different sectors. The Deputy Head of Investment Promotion of InvestHK Toronto Office, Ms Grace Lau, shared insights at the panel themed "Diversified Entrepreneurs - New Investment Opportunities".

The Director of the Toronto ETO, Mr Bill Wong, Source: HKSAR Government Press Releases

The Director of the Toronto ETO, Mr Bill Wong, Source: HKSAR Government Press Releases

Hong Kong Customs detects two dangerous drugs cases and seizes suspected drugs worth about $3.4 million

Hong Kong Customs detected two dangerous drugs cases in Hong Kong International Airport and Yau Ma Tei respectively on April 1 and yesterday (April 2), and seized a total of about 3.1 kilograms of suspected ketamine, about 1.7 kilograms of suspected cocaine and about 1.7 kilograms of suspected methamphetamine with a total estimated market value of about $3.4 million. Two persons suspected to be connected with the cases were arrested.

In the first case, a 43-year-old male passenger arrived in Hong Kong from Bangkok, Thailand on April 1. During customs clearance, Customs officers found about 3.1 kilograms of suspected ketamine concealed inside food packaging in his baggage. The man was subsequently arrested.

In the second case, during an anti-narcotics operation conducted in Yau Ma Tei on April 2, Customs officers intercepted a 41-year-old man and later escorted him to a hotel room nearby for a search and seized about 1.7 kilograms of suspected cocaine, about 1.7 kilograms of suspected methamphetamine, a drug inhaling apparatus and a batch of drug packaging paraphernalia. The man was subsequently arrested.

The arrested persons have been charged with one count of trafficking in a dangerous drug respectively and will appear at the Kwun Tong Magistrates' Courts tomorrow (April 4).

Customs will continue to step up enforcement against drug trafficking activities through intelligence analysis. The department also reminds members of the public to stay alert and not to participate in drug trafficking activities for monetary return. They must not accept hiring or delegation from another party to carry controlled items into and out of Hong Kong. They are also reminded not to carry unknown items for other people, nor to release their personal data or home address to others for receiving parcels or goods.

Customs will continue to apply a risk assessment approach and focus on selecting passengers from high-risk regions for clearance to combat transnational drug trafficking activities.

Under the Dangerous Drugs Ordinance, trafficking in a dangerous drug is a serious offence. The maximum penalty upon conviction is a fine of $5 million and life imprisonment.

Members of the public may report any suspected drug trafficking activities to Customs' 24-hour hotline 182 8080 or its dedicated crime-reporting email account (crimereport@customs.gov.hk) or online form (eform.cefs.gov.hk/form/ced002).

Hong Kong Customs detects two dangerous drugs cases and seizes suspected drugs worth about $3.4 million  Source: HKSAR Government Press Releases

Hong Kong Customs detects two dangerous drugs cases and seizes suspected drugs worth about $3.4 million Source: HKSAR Government Press Releases

Hong Kong Customs detects two dangerous drugs cases and seizes suspected drugs worth about $3.4 million  Source: HKSAR Government Press Releases

Hong Kong Customs detects two dangerous drugs cases and seizes suspected drugs worth about $3.4 million Source: HKSAR Government Press Releases

Hong Kong Customs detects two dangerous drugs cases and seizes suspected drugs worth about $3.4 million  Source: HKSAR Government Press Releases

Hong Kong Customs detects two dangerous drugs cases and seizes suspected drugs worth about $3.4 million Source: HKSAR Government Press Releases

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