Algernon Yau: US and EU chambers view HK's business environment positively

Hong Kong's Secretary for Commerce and Economic Development, Algernon Yau, revealed on a radio program that the government has attracted 640 companies over the past 17 months, bringing approximately HKD 80 billion in investments and creating around 7,000 jobs.

Yau indicated that various data points reflect a favorable business environment in Hong Kong, predicting that the number of recruited businesses will surpass the goal of 1,100 companies within three years.

Yau mentioned that the EU and US Chambers of Commerce's attitudes toward Hong Kong's investment environment are positive. He emphasized the importance of firsthand experience and stated that the government would invite foreign companies and key figures to visit Hong Kong to observe the situation.

Furthermore, Yau noted that the store vacancy rate has gradually improved to 6.6%. He suggested that businesses should actively consider transformation in response to changing consumer purchasing patterns and stated that the government would assist merchants in entering the mainland e-commerce market.