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BUSINESS GOVirtual Expo & Conference 2022

BUSINESS GOVirtual Expo & Conference (BUSINESS GOVirtual), the Hong Kong's first physical B2B "Tech x Business" event in the post-pandemic period, gathers leading IT companies and solutions providers under one roof to demonstrate their latest technologies. It is also the platform where showcases the key technological advancements for social and business engagement in the new digital era. The development of the Greater Bay Area is accorded the status of critical strategic planning in the Chinese government's blueprint, with great significance in China's initiative on innovation-driven development. Strategically held in Hong Kong, the international innovation and technology hub, BUSINESS GOVirtual serves as a communication platform for tech companies to exchange ideas, collaborate and foster partnerships. On top of the physical event, the brand new "GOVirtual OMNI," an online platform for the Expo and Conference, welcomes regional exhibitors and visito

HK's financial ranking rises

Hong Kong ranked third in the latest Global Financial Centres Index (GFCI) Report, up by one place from the last index, the Government said today.   The GFCI Report, which assessed 116 financial hubs, was published by Z/Yen from the UK and the China Development Institute from Shenzhen.   In a statement, the Government said Hong Kong’s ranking is an unequivocal affirmation of its status and strengths as a leading global financial centre.   It noted that Hong Kong has remained among the top in various areas of competitiveness, including human capital, infrastructure, financial sector development, and reputational and general.   The Government pointed out that Hong Kong’s financial markets have been functioning in an orderly manner despite the fact that persistent uncertainties stemming from the COVID-19 pandemic and heightened geopolitical tensions continued to affect major financial centres’ overall ratings.   It added that the National 14th Five-Year Plan expresses staunch support for Hong Kong to strengthen its functions as a global offshore renminbi business hub, an international management centre and risk management centre as well as to deepen and widen mutual access between the financial markets of Hong Kong and the Mainland.   The Government explained that it will continue to capitalise on the city’s unique advantages, enhance its role as the gateway between the Mainland and international markets and proactively integrate into the country’s overall development.   This included leveraging the vast opportunities presented by the Guangdong-Hong Kong-Macao Greater Bay Area, Qianhai's development and the Belt & Road Initiative.   The Government stressed that it will spare no effort to ensure the smooth implementation of the Cross-boundary Wealth Management Connect in the bay area and southbound trading under Bond Connect.
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Railway settlement exceeds limit

The construction works of a relocation project in Kowloon have been suspended after a settlement monitoring checkpoint exceeded the limit, the Government said today.   The project relocates supporting operational facilities of Tsim Sha Tsui Fire Station Complex, Fire Services Club and other fire services accommodations to To Wah Road in Kowloon.   The Government explained that the readings recorded in a settlement monitoring checkpoint installed inside the railway tunnel between Kowloon Station and Olympic Station of the MTR Tung Chung Line had reached 20.27mm on September 7. The preset trigger level for works suspension is 20mm.   For the sake of prudence, the Mass Transit Railway Corporation suspended relevant works within the railway protection area on the same day.   The Buildings Department and the Architectural Services Department deployed staff to inspect the affected railway tunnel and confirmed that it is structurally safe.   The Electrical & Mechanical Services