Hong Kong Delegation Promotes Baijiu Industry Cooperation During Guizhou Visit

SCED leads delegation to visit Guizhou to promote liquor trading

The business delegation led by the Secretary for Commerce and Economic Development, Mr Algernon Yau, proceeded to Guizhou from Sichuan to continue its visit.

Upon arrival in Renhuai City, Guizhou, Mr Yau and the delegation visited the Renhuai Jiangxiang winery and the Moutai distillery yesterday (March 26) and today (March 27), respectively, to learn about the production processes and development plans of the two Chinese baijiu brands. Mr Yau also briefed senior representatives of the brands on Hong Kong's advantages in promoting liquor trading and exchanged views on supporting the local Chinese baijiu industry in going global. The delegation also visited the China Liquor Culture City to learn about the characteristics and development of the Chinese wine and liquor industry.

Mr Yau and the delegation then proceeded to Zunyi City to call on Standing Committee Member of the CPC Guizhou Provincial Committee and Secretary of the CPC Zunyi Municipal Committee, Mr Li Rui, to deepen economic and trade ties between Hong Kong and Guizhou and promote Hong Kong's unique advantages of being connected to both the Mainland and the world. Mr Yau highlighted that the Hong Kong Special Administrative Region Government is carrying out a series of policies and measures to consolidate and enhance Hong Kong's status as an international trade centre. In particular, the setting up of the Task Force on Supporting Mainland Enterprises in Going Global and the promotion of high-end liquor trading will provide strong support to Mainland enterprises, including the Chinese baijiu industry, in going global while injecting new impetus into Hong Kong's economy.

Mr Yau and the delegation then visited the distillery of Zhenjiu in Guizhou. They were briefed by representatives of the distillery on the history and development of the brand and gained a better understanding of the local Chinese baijiu market. The delegation will also tour the distillery of Guizhou Dongjiu tomorrow (March 28) before returning to Hong Kong.

Concluding the trip, Mr Yau said, "The visit helps promote further co-operation between the Mainland and Hong Kong's liquor industries in jointly exploring opportunities to achieve mutual benefits. Hong Kong as a 'super connector' and 'super value-adder' plays a pivotal role in connecting the Mainland and international liquor markets. Leveraging Hong Kong's advantages in promoting liquor trading, including a simple tax regime, a streamlined and efficient customs clearance system, a strategic geographical location, comprehensive and professional support and facilities for wine and liquor trading, and a vibrant exhibition industry, the Chinese baijiu industry is encouraged to seize the opportunity to tap into the global markets through Hong Kong as a platform. I would also like to express my gratitude to the Hong Kong and Macao Affairs Offices of the People's Government of Sichuan and Guizhou Provinces for their strong support and assistance, which made the visit conclude smoothly."

Source: AI-found images

SCED leads delegation to visit Guizhou to promote liquor trading Source: HKSAR Government Press Releases

SCED leads delegation to visit Guizhou to promote liquor trading Source: HKSAR Government Press Releases

SCED leads delegation to visit Guizhou to promote liquor trading Source: HKSAR Government Press Releases

SCED leads delegation to visit Guizhou to promote liquor trading Source: HKSAR Government Press Releases

SCED leads delegation to visit Guizhou to promote liquor trading Source: HKSAR Government Press Releases

SCED leads delegation to visit Guizhou to promote liquor trading Source: HKSAR Government Press Releases

SCED leads delegation to visit Guizhou to promote liquor trading Source: HKSAR Government Press Releases

SCED leads delegation to visit Guizhou to promote liquor trading Source: HKSAR Government Press Releases

Source: AI-found images

HKMA and HKSTP announce winners of the IADS Developer Hackathon empowering innovation through secure account data sharing

The following is issued on behalf of the Hong Kong Monetary Authority:

The Hong Kong Monetary Authority (HKMA) and the Hong Kong Science and Technology Parks Corporation (HKSTP) today (March 27) announced the winners of the IADS Developer Hackathonat the IADS Developer Conference held at the Hong Kong Science Park. The ceremony marks the successful conclusion of a six-month innovation journey that has further unleashed the potential of the Interbank Account Data Sharing (IADS) initiative.

Launched in October 2025, the Hackathon brought together the banking industry and fintech firms to collaborate on innovative, secure, customerconsented solutions, leveraging the IADS to accelerate digital transformation in Hong Kong's banking sector.

After a rigorous selection process and mentorship phase,fivefinalist teams presented their solutions today to a panel of judges.

Mr Nelson Chow, the Executive Director (Financial Infrastructure) of the HKMA, said, "The IADS Developer Hackathon has served as a catalyst for innovation in the banking sector. It has been truly encouraging to see participating teams deliver high-quality and practical solutions that open up new opportunities for financial services. Looking ahead, we will continue to strengthen collaboration with banks and fintech firms to drive the industry's broader adoption of the IADS."

Mr Eric Or, the Chief Ecosystem Development Officer of the HKSTP, said,"The IADS Developer Hackathon reflects the strong collaborative spirit within Hong Kong's innovation community. By connecting fintech talent with real industry needs, the Hackathon has helped accelerate new ideas that can enhance banking efficiency and user experience through secure data sharing. The HKSTP is proud to provide a sandbox testing platform and technical support for this competition, and we look forward to seeing these solutions contribute to Hong Kong's fintech development."

Details of the winning teams are set out at theannex. For more information about the IADS initiative, please visit theHKMA website.

HKMA and HKSTP announce winners of the IADS Developer Hackathon empowering innovation through secure account data sharing Source: HKSAR Government Press Releases

HKMA and HKSTP announce winners of the IADS Developer Hackathon empowering innovation through secure account data sharing Source: HKSAR Government Press Releases

HKMA and HKSTP announce winners of the IADS Developer Hackathon empowering innovation through secure account data sharing Source: HKSAR Government Press Releases