Secretary for Commerce & Economic Development Algernon Yau today met a trade official and the Australia China Business Council in Sydney to promote Hong Kong’s advantages as an international trade centre and a premier destination for business and investment.

Continuing his visit to Australia, Mr Yau first met Minister for Better Regulation & Fair Trading of New South Wales Anoulack Chanthivong, to exchange views on enhancing co-operation between Hong Kong and Australia in various areas.

Mr Chanthivong also holds the office of the Minister for Industry & Trade, the Minister for Innovation, Science & Technology, the Minister for Building, and the Minister for Corrections.

Mr Yau updated Mr Chanthivong on Hong Kong’s latest developments and policy measures to give impetus to the city’s economy, such as the reduction in liquor duty and promotion of the silver economy.

This was followed by a meeting with Australia China Business Council (ACBC) National President David Olsson, where the commerce chief briefed him on the direction of Hong Kong’s economic development and new initiatives to promote trade.

They also discussed enhancing business and investment collaboration between Hong Kong and Australia.

In addition, Mr Yau attended a business roundtable luncheon with ACBC members to brief them on Hong Kong’s role as a springboard for Australian businesses looking to tap into the Greater Bay Area and the broader Asian markets.

Mr Yau’s other engagements for the day involved a tour to a leading startup incubator where he met some startup operators to learn more about their operation and developments.

He wrapped up the day’s programme by attending a cultural exchange concert presented by young Hong Kong musicians in the evening.