HKETO Toronto

Hong Kong Delegation visited Kazakhstan exploring new opportunities, achieving fruitful results

Big news for Hong Kong! Hong Kong has just been ranked the #1 cross-boundary wealth management centre in the world. According to the Global Wealth Report 2026 released by Boston Consulting Group on May 27, Hong Kong tops the global rankings for cross-boundary wealth management. But that’s not all – the report also projects that the cross-boundary wealth managed by Hong Kong will grow at an average annual rate of 9% from 2025 to 2030, keeping its lead globally.

A strong vote of confidence in Hong Kong’s position as a world-leading cross-boundary wealth management hub.

[Economic and Trade Office (ETO) Update: Toronto ETO Visits Canada’s West Coast to Promote Hong Kong’s Business and Trade Advantages]

The Hong Kong Economic and Trade Office (HKETO) in Toronto recently visited several cities on the west coast of Canada, to actively promote Hong Kong’s strengths as an international business and investment hub, with a view to further deepening economic and trade ties between Hong Kong and Canada.

The Toronto ETO supported the Hong Kong-Canada Business Association’s National Conference hosted in Edmonton, engaging with business leaders and professionals from across Canada. It highlighted Hong Kong’s unique advantages under the ‘One Country, Two Systems’ framework – drawing on the strength of the Mainland whilst connecting with the world – as well as its role as an international financial centre and a vital platform linking the Mainland with the Asian markets. The ETO also shared the latest developments and opportunities in Hong Kong across the areas such as: innovation and technology, green finance and supply chain management. Subsequently, the Toronto ETO visited Vancouver to meet with representatives from the business, innovation and technology, academic and community sectors. Discussions focused on promoting bilateral economic and trade cooperation, talent exchange and innovation and technology development. The ETO also highlighted new opportunities in Hong Kong regarding family offices, financial services, the start-up ecosystem and high-end professional services, thereby further enhancing the understanding across the Canadian sectors of the latest developments in Hong Kong.

【ScED attends the Asia-Pacific Economic Cooperation Trade Ministers Meeting in Suzhou 】

The Secretary of Commerce and Economic Development, Mr Algernon Yau attended the two-day APEC Trade Ministers Meeting in Suzhou, encouraged the member economies to continue supporting the multilateral trading system and deepening regional economic integration.

Director-General of Trade and Industry, Mr Aaron Liu also attended the 2026 Asia-Pacific Economic Cooperation (APEC) China Year, of the theme of “building the Asia-Pacific community and promoting common prosperity.”

In his speech, Secretary Yau noted that, in the time of environmental uncertainty and rising protectionism, multilateral trading system with the World Trade Organization (WTO) at its core provides the much-needed stability, transparency and predictability to international trade. He encouraged the other trade ministers to build on the progress made at the 14th WTO Ministerial Meeting, to accelerate progress on a number of important outstanding issues.

Secretary Yau said that the APEC member economies have been pushing for trade liberalization in various ways, and the Asia-Pacific free trade agreement (APTA) is one of the long-term visions for deepening the regional economic integration. Hong Kong fully supports the country’s development of the APTA this year, giving new momentum to the initiative and demonstrating the ability of the APEC to lead the way.

In addition, Secretary Yau stressed that Hong Kong has been actively seeking to join the Regional Comprehensive Economic Partnership (RCEP) the soonest possible, contributing to advance the APTA agenda. He is looking forward to the next major milestone for RECP, setting up a “joining committee” for Hong Kong as soon as possible in 2026, and continuing support for Hong Kong’s application to join the RCEP.

During the meeting, Secretary Yau took the opportunity to meet with China International Trade Representative and Vice Minister of Commerce, Li Cheng-gang and Deputy Minister of Trade of the Republic of Indonesia, Dyah Roro Esti Widya Putri, to exchange views on issues of mutual concerns. He also met with the Mayor of Suzhou, Wang Wei, to introduce the latest initiatives to promote Hong Kong’s economic development.