Financial Secretary Paul Chan will depart for an official visit to Riyadh, Saudi Arabia this afternoon, aiming to promote collaboration between Hong Kong and Chinese Mainland enterprises in going global and seizing new business opportunities together.

The visit also seeks to strengthen Hong Kong's ties with the Middle East in areas such as trade, finance, and innovation and technology, while promoting Hong Kong's unique advantages and telling good stories about Hong Kong and China.

Mr Chan will lead a delegation of around 40 members, comprising representatives from financial institutions, as well as founders and executives of enterprises engaged in artificial intelligence, biomedical technology, e-commerce, green energy, construction technology and other sectors, from both Hong Kong and the Chinese Mainland. Members of the delegation also include representatives from the Office for Attracting Strategic Enterprises, Invest Hong Kong, the Hong Kong Investment Corporation, and the Hong Kong Exchanges & Clearing Limited. The Trade Development Council is assisting in organising the programme.

During the visit, the delegation will attend the ninth edition of the Future Investment Initiative, where Mr Chan will take part in a panel discussion and deliver speeches at various lunches and dinners to update participants on Hong Kong's latest developments and emerging opportunities. He will also meet with local government officials, public institutions, business leaders and corporate and financial executives.

Delegation members will participate in business matching activities with local enterprises.

Mr Chan will return to Hong Kong on October 31. During his absence, Deputy Financial Secretary Michael Wong will act as Financial Secretary.