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
Director of Health signs co-operation agreement on research for testing and standards of Chinese medicines with NMPA and attends Beijing-Hong Kong Health Cooperation Exchange Conference co-hosted with BJHC in Beijing
The Director of Health, Dr Ronald Lam, led a delegation from the Department of Health (DH) to Beijing today (September 9) to pay a visit to the National Medical Products Administration (NMPA). In addition to exchanging information on the latest progress in promoting scientific regulation and innovation in drugs and medical devices, both sides also signed a co-operation agreement to further deepen collaborations and exchanges in testing technologies of Chinese medicine (CM) and the internationalisation of CM standards. On the same day, the DH and the Beijing Municipal Health Commission (BJHC) co-hosted the Beijing-Hong Kong Health Cooperation Exchange Conference, with a view to jointly advancing the high-quality healthcare development in Hong Kong.
Witnessed by the Commissioner of the NMPA, Mr Huang Guo, Dr Lam and the Director General of the Hong Kong, Macao and Taiwan Affairs Office of the NMPA, Ms He Li, signed a co-operation agreement on research for CM testing and standards to further extend and deepen collaboration in this area, which has spanned more than a decade.
Under the co-operation agreement, both sides will strengthen exchanges and collaborations in the standards and technologies of CM covering research on and formulation of standards for Chinese Materia Medica, CM decoction pieces, proprietary CM and CM granules; the development of testing technologies; as well as safety tests and risk control for the quality of CM, through multiple channels such as expert meetings, seminars and training. Both sides will also deepen talent training and technical interfacing in accordance with the co-operation agreement, with a view to promoting CM standards and testing technology innovation in alignment with international standards.
Dr Lam thanked the NMPA and its affiliated institution, the National Institute for Drug Control (NIDC), for their longstanding support for CM development in the Hong Kong Special Administrative Region. The permanent building of the Government Chinese Medicines Testing Institute under the DH commenced operations late last year. The Chinese Medicines Herbarium inside has received professional technical guidance from the NMPA and the NIDC, and was endowed with more than 300 valuable and representative specimens of Chinese Materia Medica commonly used nationwide, enriching its collections and enhancing public understanding of CM.
Dr Lam remarked that the Outline of the National 15th Five-Year Plan has promulgated to advance the inheritance and innovation of CM and to promote its global expansion. The DH will actively leverage its technical strengths in CM testing and quality control to become an important anchor for CM going global, and to strengthen the exploration, utilisation and research of global medicinal resources. This co-operation arrangement will extend the longstanding close collaboration, and further enhance testing expertise level as well as quality and safety control of CM to promote the development of Hong Kong as a bridgehead for CM going global.
Regarding scientific regulation and innovative development of drugs and medical devices, Dr Lam also introduced the establishment of the Hong Kong Centre for Medical Products Regulation, the preparatory work for the 30th Global Harmonization Working Party Annual Meeting and Technical Committee Meeting scheduled for December this year, and the progress of the 2026 annual bilateral work plan, covering issues on strengthening cross-boundary drug regulation and enhancing training and exchanges between the two sides in different areas such as primary evaluation of new drugs and Good Clinical Practice (GCP) for clinical trials of pharmaceutical products.
In the afternoon of the same day, upon the invitation of the BJHC, the DH co-hosted the annual Beijing-Hong Kong Health Cooperation Exchange Conference during the 2026 China International Fair for Trade in Services. Other co-organisers included the Hong Kong Hospital Authority, the Beijing Municipal Administration of Traditional Chinese Medicine, the Beijing Municipal Disease Prevention and Control Administration, the Beijing Hospitals Authority and the Cross-straits Medicine Exchange Association. The theme of this year's conference is "Beijing and Hong Kong, Join Hands for a Shared Healthy Future", focusing on discussions of smart healthcare, transformation of scientific achievements, inheritance and innovation of CM and public health emergency response.
Dr Lam said that this year is significant as it marks the beginning of the National 15th Five-Year Plan. Under the principle of complementing each other in bringing about mutual benefits, the DH will continue to promote exchanges and collaborations with Beijing, actively integrate into and serve the overall national development, and implement a health-first development strategy to fully leverage Hong Kong's distinctive advantages of having strong support of the motherland and being closely connected to the world to contribute to a "Healthy China".
At the meeting, DH representatives shared how, under the framework of building a health big data ecosystem, Hong Kong's Electronic Health System (eHealth) connects the public and private healthcare sectors to enable realtime sharing of electronic health records, empower citizens to manage their own health, and optimise the allocation of healthcare resources through bigdata analytics. They also introduced Hong Kong's CM regulatory regime and the formulation of CM standards and advancing innovations in testing. Representatives also highlighted Hong Kong's commitment to strengthening primary healthcare under the guiding principle of "prevention first, community-based". The reform is being deepened through chronic disease co-care, intensified tobacco control, and the development of community networks. These measures aim to integrate health management into daily life and encourage citizens to take on the role of being the "first person responsible" for their own health.
During Dr Lam's stay in Beijing, he will also attend some activities on Health and Wellness Service at the 2026 China International Fair for Trade in Services, and pay a visit to related public health authorities.
Director of Health signs co-operation agreement on research for testing and standards of Chinese medicines with NMPA and attends Beijing-Hong Kong Health Cooperation Exchange Conference co-hosted with BJHC in Beijing Source: HKSAR Government Press Releases
Director of Health signs co-operation agreement on research for testing and standards of Chinese medicines with NMPA and attends Beijing-Hong Kong Health Cooperation Exchange Conference co-hosted with BJHC in Beijing Source: HKSAR Government Press Releases
Director of Health signs co-operation agreement on research for testing and standards of Chinese medicines with NMPA and attends Beijing-Hong Kong Health Cooperation Exchange Conference co-hosted with BJHC in Beijing Source: HKSAR Government Press Releases
