CE meets Secretary-General of ASEAN
The Chief Executive, Mr John Lee, today (August 7) met with the Secretary-General of the Association of Southeast Asian Nations (ASEAN), Dr Kao Kim Hourn, at Government House to exchange views on deepening co-operation between Hong Kong and ASEAN member states. Also attending the meeting was the Secretary for Commerce and Economic Development, Mr Algernon Yau.
Mr Lee welcomed Dr Kao's visit to Hong Kong. Mr Lee said that Hong Kong has maintained close trade and economic ties with ASEAN, and ASEAN has been Hong Kong's second-largest trading partner since 2010. The Hong Kong Special Administrative Region (HKSAR) Government is pressing ahead at full steam with the formulation of Hong Kong's First Five-Year Plan. As an international financial, shipping and trade centre, Hong Kong is actively developing into an international innovation and technology centre and an international hub for high-calibre talent. Hong Kong will continue to deepen exchanges and co-operation with ASEAN member states in areas such as trade, investment, finance, logistics and innovation and technology, to jointly promote regional economic development and achieve mutual benefits and win-win outcomes.
Mr Lee said that Hong Kong is a functional platform for the Belt and Road Initiative. Under the "one country, two systems" principle, Hong Kong enjoys the unique advantage of having the strong support of the motherland and being closely connected to the world. It will proactively serve as a "super connector" and a "super value-adder", and leverage its role in "bringing in and going global" by providing ASEAN enterprises with a high-quality business environment and diversified professional services. Through the Task Force on Supporting Mainland Enterprises in Going Global, the HKSAR Government supports Mainland enterprises in expanding into markets including ASEAN, to promote the two-way flow of trade and investment in the region. He added that the HKSAR Government set up an Economic and Trade Office (ETO) in Kuala Lumpur, Malaysia, last year, which is the fourth ETO established by the HKSAR Government in ASEAN member states, to further promote economic and trade exchanges and co-operation between Hong Kong and the region.
Mr Lee said that Hong Kong will continue to maintain close exchanges with the ASEAN Secretariat and solicit support from other stakeholders for Hong Kong's early accession to the Regional Comprehensive Economic Partnership.
The Chief Executive, Mr John Lee (right), today (August 7) meets with the Secretary-General of the Association of Southeast Asian Nations, Dr Kao Kim Hourn (left). Source: HKSAR Government Press Releases
Speech by DSJ at forum on "Legal and Professional Services Empowering Chinese Enterprises to Enter into Kazakhstan"
Following is the speech by the Deputy Secretary for Justice, Dr Cheung Kwok-kwan, at a forum on "Legal and Professional Services Empowering Chinese Enterprises to Enter into Kazakhstan" organised by the Asia Pacific Law Association today (August 7):
Dr Phyllis Kwong (President of the Asia Pacific Law Association), Consul General Mr Dosmanbetov (Consul General of the Republic of Kazakhstan in Hong Kong, Mr Bauyrzhan Dosmanbetov), (Deputy Secretary-General of the China Overseas Development Association, Ms Liu Jianqing), distinguished speakers, guests, ladies and gentlemen,
Good afternoon. It is a great pleasure to join today's forum organised by the Asia Pacific Law Association.
In June, I had the privilege of joining a highly fruitful delegation led by the Chief Executive to Kazakhstan in my capacity as the Deputy Secretary for Justice as well as the Chairman of the Expert Committee on Professional Services for Going Global.
That visit reinforced a clear message: Hong Kong is a natural and indispensable partner not only for Kazakhstan's development, but also for Chinese Mainland enterprises seeking to expand into Kazakhstan and beyond. I would like to share some of my observations.
Opportunities in Kazakhstan
Kazakhstan, the largest country in Central Asia, sits at the strategic crossroads of Europe and Asia. Its economy momentum is remarkable - with growth of 6.5 per cent in 2025 and projected to hold steady at 4.8 per cent in 2026. As a global heavyweight in energy fuels and critical minerals, and a vital node of the Belt and Road Initiative, Kazakhstan is not just opening its markets, but undergoing profound economic transformation.
Its young and tech-savvy population is driving unprecedented demand for digital services, modern infrastructure, and sophisticated financial products. This creates a fertile ground for partnership.
I am certain that the Consul General will share more on Kazakhstan's latest development in a minute.
Hong Kong's Unique "Hub-to-Hub" Role
Let me now focus on how Hong Kong serves as the ideal "hub" to connect with Kazakhstan's growing "hub" - a "hub-to-hub" collaboration as remarked by the Chief Executive in our recent visit.
Under the "one country, two systems" principle, Hong Kong is more than a gateway. We are the active catalyst.
Hong Kong as the Premier Financial Hub
First, let's consider our financial market. In the first quarter of 2026, our stock market ranked first globally in IPO (initial public offering) funds raised. This liquidity is matched by a deep and robust bond market, evidenced by the Development Bank of Kazakhstan's issuance of Renminbi "dim sum" bonds in Hong Kong.
We serve as a deal-making bridge connecting Kazakh capital with high-growth Mainland sectors. This is essential for pre-IPO financing through which Chinese businesses' capital base would be diversified while enriching Kazakh financial industry's investment portfolio.
On capital market listings, we facilitate dual access. Last year, we welcomed the first simultaneous dual listing on the Hong Kong and Astana exchanges of a Mainland mining firm. By tapping into investor bases simultaneously, the company was able to raise more funds than it could have through a single listing.
Meanwhile, Kazakhstan's national railway company wholly-owned by its sovereign wealth fund has recently submitted its listing application to the Stock Exchange of Hong Kong. This showcases how Hong Kong also acts as the premier gateway for Kazakh state-owned enterprises seeking international expansion and funding.
The Common Law Advantage
Behind every successful transaction lies a solid legal foundation. The Astana International Financial Centre in Kazakhstan has established a special jurisdiction operating under common law principles. This mutual legal grounding in common law gives Hong Kong a distinctive edge in safeguarding cross-border transactions with predictability.
First, on investment infrastructure. Complex and multi-jurisdictional Belt and Road projects require sophisticated legal engineering with expertise in cross-border regulatory landscape. Hong Kong lawyers, with rich experience and a wide network, navigate the intersection of common law, international regulations, and Chinese corporate governance to ensure the projects' sustainability.
Second, on dispute resolution. Hong Kong offers a regulatory framework that delivers the certainty and effectiveness for cross-border dispute resolution. We have established a comprehensive mutual legal assistance network with the Chinese Mainland, enabling distinctive advantages no other jurisdiction could match, including in mutual enforcement of civil and commercial judgments and interim measures for arbitral proceedings.
Our Judiciary is setting up the Hong Kong International Commercial Court (HKICC), a specialist division of the High Court, to adjudicate complex, high-value international and cross-border commercial disputes. The HKICC, together with the Hong Kong International Arbitration Centre and the International Organization for Mediation headquartered in Hong Kong, will provide businesses with a comprehensive range of dispute resolution options.
Our Initiatives
Now that you have a clearer picture of how Hong Kong's world-leading financial market with quality professional services could assist businesses to seize Kazakh opportunities. The next question is: how to find your suitable advisors?
To strengthen the connection between enterprises and Hong Kong's professional services, the Department of Justice (DoJ) has launched several new initiatives.
We have been leading mission trips to the Chinese Mainland and beyond, directly linking Hong Kong's legal and other professionals with enterprises seeking to go global. These are not just networking events but matchmaking platforms for concrete business needs.
This April, the DoJ published the Panel List of Hong Kong Legal Service Providers Supporting "Go Global", detailing their practice areas, such as capital markets, taxation, etc, and the industries they have assisted.
We have also compiled two collections of success stories, showcasing the track record of Hong Kong's legal, accounting, financial and business consultancy services.
With these tools, businesses could appreciate in practical terms the value our professional services could create, backing their full business cycle.
Ladies and gentlemen, the distinctive advantages of Hong Kong's financial and legal infrastructures position us to play a pivotal role in supporting closer collaboration with Kazakhstan. I look forward to working together with you to build better partnerships among Chinese Mainland enterprises, Hong Kong and Kazakhstan. I wish today's event a huge success. Thank you very much.
The Deputy Secretary for Justice, Dr Cheung Kwok-kwan, speaks at a forum on "Legal and Professional Services Empowering Chinese Enterprises to Enter into Kazakhstan" organised by the Asia Pacific Law Association today (August 7). Source: HKSAR Government Press Releases
