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HKPC “ForeSight 2025” Explores Economic Future and Champions Sustainable Development in Hong Kong
Experts explore new economic opportunities presented by New Productive Forces, with a focus on comprehensive support for businesses
Hon Sunny TAN, Chairman of HKPC, emphasised the crucial role of New Productive Forces in shaping Hong Kong’s economic future. He stated that the HKSAR Government is actively aligning with national development strategies, leveraging Hong Kong’s strengths in fundamental research and its international standing to accelerate the development of New Productive Forces. This focus aims to foster emerging industries and transform traditional sectors. HKPC has launched the “New Productive Forces Service Platform,” designed to empower businesses, particularly SMEs, to capitalise on emerging opportunities, enhance competitiveness, and contribute to high-quality development.
Hon Sunny TAN added that the Forum featured a keynote speech by Professor Justin Yi-fu LIN, former Chief Economist of the World Bank, who has analysed Hong Kong’s distinct industrial advantages and development prospects from the perspective of “New Structural Economics,” exploring strategic pathways for Hong Kong to enhance New Productive Forces within the current global context. Furthermore, the Forum convened influential industry leaders to examine how Hong Kong can strategically deploy innovation and technology (I&T) to maximise its unique advantages in new industrialisation, facilitating SMEs’s global expansion, and strengthening intellectual property protection. Through this Forum, HKPC aims to equip businesses with the insights and tools necessary to seize innovative opportunities and contribute to a more prosperous Hong Kong.
Professor Justin Yifu LIN, Dean of the Institute of New Structural Economics at Peking University, offered insights into Hong Kong’s unique advantages in developing new productive forces from the perspective of “New Structural Economics”. As the first scholar from a developing country to serve as the World Bank’s Chief Economist, Professor LIN noted that new productive forces stem from technological revolutions and industrial transformations, characterised by “high-end technology, high quality, and high efficiency.” To cultivate these forces, it is essential to foster emerging industries such as new energy, advanced materials, artificial intelligence (AI), electronic information, and biomedicine. Additionally, developing future industries like quantum computing and controlled nuclear fusion is crucial. This process also requires the effective integration of digitalisation, intelligent automation, and green technologies to enhance and upgrade traditional industries.
Professor LIN further emphasised that Hong Kong should adopt a pragmatic “build before breaking and adapt to local conditions” development strategy for fostering new productive forces. Leveraging its world-class educational resources, rich talent pool, and strong connections to the extensive manufacturing ecosystem in Mainland China, Hong Kong is uniquely positioned to commercialize research and development outcomes and upgrade traditional industries. Hong Kong boasts a well-established innovation ecosystem that serves as a vital bridge between Mainland and global markets. This strategic advantage will enable Hong Kong to achieve significant breakthroughs in areas such as smart manufacturing and green finance, effectively capitalising on the opportunities presented by the Fourth Industrial Revolution.
ForeSight Leaders Panel Focuses on Innovative Development
The “ForeSight Leaders Panel”, moderated by media veteran Professor Vincent WONG Wing, focused on the pivotal question: “How New Productive Forces Can Propel Hong Kong’s Economy to New Heights.” Professor Simon WONG, Vice President of the Chinese Manufacturers’ Association of Hong Kong (CMA), highlighted the CMA’s initiatives to promote sustainable development among local businesses, encouraging SMEs to embrace digital transformation, and implement ESG principles to enhance competitiveness and foster sustainable economic growth. Mr Jude CHOW, Deputy Chairman of the Federation of Hong Kong Industries (FHKI), shared the FHKI’s successful collaboration with HKPC on environmentally friendly technology innovation projects. He reaffirmed FHKI’s commitment to facilitating industry collaboration through networking events, enabling Hong Kong businesses to capitalise on opportunities from the Belt and Road Initiative and the green economy for high-quality development. Dr Kang QU, Managing Director of Sustainability Strategy, Deputy General Manager of the Economics & Strategic Planning Department and Deputy Head of the Hong Kong Financial Research Institute at Bank of China (Hong Kong), underscored the crucial role of green finance in driving new productive forces. He pointed out the strong global demand for green investments and Hong Kong’s potential to attract substantial green capital by leveraging opportunities in Belt and Road Initiatives, with its robust financial system and leading green bond market.
HKPC Walks Hand-in-Hand with Industries
In this evolving landscape, HKPC will continue to work hand in hand with the industry, collaborate with various sectors including the Government, industry, academia, research, and investment to accelerate the transformation of research achievements and the implementation of advanced manufacturing technologies. HKPC is committed to contributing to Hong Kong’s development as an international I&T hub, promoting New Productive Forces and new industrialisation.
Hashtag: #HongKongProductivityCouncil
The issuer is solely responsible for the content of this announcement.
About Hong Kong Productivity Council
The Hong Kong Productivity Council (HKPC) is a multi-disciplinary organisation established by statute in 1967, to promote productivity excellence through relentless drive of world-class advanced technologies and innovative service offerings to support Hong Kong enterprises. As a nationwide leader in innovative, market-driven research and development (R&D) internationally, specialising in leading technologies and all-rounded manufacturing services, HKPC promotes new industrialisation in Hong Kong and the Greater Bay Area and facilitates the development of new productive forces, leveraging innovation and technology (I&T), as well as bolstering Hong Kong to be an international innovation and technology centre and a smart city. The Council offers comprehensive innovative solutions for Hong Kong industries and enterprises, enabling them to achieve resources and productivity utilisation, effectiveness, and cost reduction, and enhance competitiveness in both local and overseas marketplace. The Council partners and collaborates with local industries and enterprises and world-class R&D institutes to develop applied technology solutions for value creation. It also benefits a variety of sectors through product innovation, technology transfer, and commercialisation, bringing enormous business opportunities ahead. HKPC’s world-class R&D achievements have been widely recognised over the years, winning an array of local and overseas accolades.
In addition, HKPC offers SMEs and startups immediate and timely assistance in coping with the ever-changing business environment and strengthens talent nurturing and Hong Kong’s competitiveness with FutureSkills training for enterprises and academia to enhance digital capabilities and STEM competencies. For more information, please visit HKPC’s website: www.hkpc.org/en.
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Discover ‘Stanley House Project’: A Coastal Living Dream Realised
Personally owned and curated by Victoria, ‘Stanley House Project’ comprises an iconic waterfront site with approved architectural plans in place, allowing prospective buyers to build their own luxurious dream complex. With nothing like this available on the market, the complex will be perched above a five-vehicle carpark and will span over 3,269 square feet of internal living space, and also feature a sea-facing swimming pool, a spacious terrace of 2,420 square feet[1] and a roof terrace of 357 square feet [1] .
The Apex of Waterfront Design
As envisioned by Victoria and renowned Australian Interior Design and Architecture studio K.P.D.O., ‘Stanley House Project’ represents the pinnacle of luxury waterfront living, prioritising the marriage of sophistication, comfort and security. Each of the three levels with full sea views and impressive 3.5-metre ceilings, all connected by an indoor lift. The integrated living and dining areas will organically engage with the home’s 2,777 square feet exterior space [1] , and the elevated swimming pool will blend effortlessly with Tai Tam Bay, offering complete privacy. ‘Stanley House Project’ will be the epitome of bespoke coastal living at its finest.
‘Stanley House Project’ is the culmination of Victoria’s long-term vision to create a singular luxurious residential experience. It is ultimately a labour of love, demonstrating her property foresight and architectural acumen. Leveraging knowledge gleaned from over two decades as one of Hong Kong’s leading property professionals, Victoria purchased her own home on one of the plots in 2010. Eight years later, she acquired the adjacent plot to combine the two. Securing the permits for the consolidation, proposed complex and approvals for a pool, terrace, and land lease modification took over four years.
After acquiring the consolidated site with GFA (Gross Floor Area) of 4,359 square feet , the new owner can either retain or demolish the existing structures. From there, the new owner can build their own dream home or utilise the existing plans of ‘Stanley House Project’ for a three-level complex envisaged by Victoria in partnership one of Australia’s most esteemed architects,K.P.D.O.The architecture captures and distills the very best elements of Australian coastal living, representing a major departure from the typical Hong Kong home. Having undertaken an S16 planning application to relax the site coverage to 33%, the design features rare lateral living space spanning nearly 60 feet, directly facing the sea view, that will open seamlessly to 2,420 sf of external terrace [1] and entertaining area with private pool & BBQ area. These plans maximise the plot’s gross floor area, the superb Southside location, and Stanley’s sophisticated lifestyle.
“As a long-time resident of the Southside, I’ve always dreamed of creating a truly exceptional beachfront property that captures the essence of this beautiful coastline. ‘Stanley House Project’ is the realisation of that dream, a labour of love meticulously planned and designed to offer an unparalleled luxury experience. This is more than just a complex; it’s a legacy, a testament to timeless elegance and refined taste,” said Victoria Allan, Founder and Managing Director of Habitat Property.
The site has a guide price of HK$238 million which includes fully paid land premium. In addition, Habitat Property has provided an estimate[2] of HK$45 million for the demolition of the current buildings and construction of ‘Stanley House Project’, which would take approximately two years. Habitat Property will serve as one of the sales brokerages of the property on 30 Stanley Link Road site.
Hashtag: #HabitatProperty
The issuer is solely responsible for the content of this announcement.
About Habitat Property
Founded by real estate entrepreneur Victoria Allan in 2001, Habitat Property is Hong Kong’s leading specialist in unique luxury properties. Providing high-end residential sales, leasing and property management, Habitat Property is renowned for its distinct curation of some of the most unique and desirable properties in Hong Kong, along with exceptional client services and market insights. The team has been recognised by the prestigious International Property Awards in both APAC and Hong Kong, which celebrate the highest levels of achievement in the property and real estate industry, winning the best Real Estate Agency APAC & Hong Kong and Best Real Estate Agency Website as well as the Best Marketing in both 2022 and 2023.
About Victoria Allan
Victoria Allan, a visionary in property development, has built a distinguished career transforming complex sites into iconic developments across Hong Kong, Australia, and Spain. With an innate understanding of the real estate industry and remarkable strategic foresight, she has successfully executed numerous extensive and complex projects. Among her notable achievements in Hong Kong are revitalising the Tung Fat Building in Kennedy Town – the iconic historical ‘Tong Lau’, and strategically consolidating multiple sites on Davis Street in Kennedy Town. Both projects highlight her ability to identify opportunities and achieve remarkable sales outcomes.
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Smart Mobility, Seamless Journeys: APAS Leads a New Era for “Northbound Travel for Hong Kong Vehicles”
Urgent Demand for EV Charging Adapters
As electric vehicles become more prevalent in Hong Kong, one of the main concerns for car owners driving their EVs to the Mainland is the compatibility of charging equipment. Since most electric vehicles in Hong Kong use Combined Charging System 2 (CCS2), while Mainland uses the GB/T Charging Standard. This results in differences in charging interfaces and communication systems, necessitating the use of additional charging adapters when charging abroad. Suitable charging adaptors are scarce, as there is only a limited number of suppliers offering fast-charging adapters, with prices ranging from several thousand to tens of thousands of Hong Kong dollars. However, the specifications of charging adapters in Mainland vary, and even with a fast-charging adapter, it may not provide the proper charging power for the vehicle.
Safety Hazards of Uncertified EV Charging Adapters
APAS has repeatedly alerted car owners about the safety risks associated with uncertified charging facilities. The high DC power, voltage, and current involved in fast-charging electric vehicles present significant hazards. Using non-compliant adapters may cause malfunctions or fire risks. In response to these issues, APAS has been dedicated to research and development in the fields of intelligent connected vehicles and new energy vehicles. Through collaboration and communication with professional organisations, industry stakeholders, and technical institutions, APAS aims to provide higher-quality service and support to car owners in both Mainland and Hong Kong.
Mr Yonghai DU, Chief Executive Officer of APAS, remarked, “In recent years, significant improvements in infrastructure have made cross-border travel for ‘Northbound Travel for Hong Kong Vehicles’ more convenient. The HKSAR Government’s recent decision to increase the daily processing capacity of applications to 500 demonstrates the growing demand. As the number of electric vehicles continues to rise, drivers need to understand and adapt to the traffic regulations and charging interface standards of both Hong Kong and the Mainland. To address this, APAS has developed specialised charging adapters to ensure a seamless charging experience for drivers. We look forward to using this initiative to promote innovative technology and sustainable development, contributing to Hong Kong’s efforts in building a smart city.”
Industry Experts’ Insights
As the Lunar New Year approaches, many Hong Kong residents may plan to drive to Mainland to celebrate the festive season. In response, APAS’ experts are providing a comprehensive analysis of the latest “Northbound Travel for Hong Kong Vehicles” policy and important guidelines. Additionally, industry specialists from the automotive and insurance sectors have been invited to share their professional insights.
Mr Paul LAW, MH, Chairman of Olympic (Motor) Group, noted, “With the growing presence of electric vehicles in the market, the variety of charging connectors and adapter options has significantly expanded. We are delighted to see APAS taking the lead as an industry pioneer, focusing on the development of EV charging adapters. I look forward to seeing more groundbreaking research from APAS in the future, contributing to the advancement of the industry and enhancing the consumer experience.”
Moreover, Mr Harley KWAN, President of Hong Kong Insurance Intermediaries Association shared that there are significant differences between the automotive insurance systems in Mainland and Hong Kong. In Hong Kong, car insurance typically focuses on third-party liability coverage, with a wide range of insurance products available, allowing consumers to choose based on their individual needs. In contrast, the insurance system in Mainland is more standardised, with a greater emphasis on comprehensiveness, and differing regulations regarding coverage amounts and claims procedures. He stated, ” With the increasing prevalence of electric vehicles and autonomous driving technologies, the insurance industry must adapt to new challenges. We are committed to working closely with relevant organisations to ensure that electric vehicle owners receive comprehensive coverage, supporting the healthy growth of the market.” As such, Hong Kong residents should prepare ahead of time before driving to Mainland, familiarising themselves with the differences in insurance policies between the two places to ensure they are fully protected while also safeguarding others.
Future Regulations for Charging Adapters
In response to the regulations surrounding charging adapters, APAS plans to establish a set of guidelines aimed at enhancing the safety and convenience of charging systems, ensuring that vehicle owners enjoy the best possible experience. APAS is committed to more standardised management of charging adapters in the future to safeguard the safety of car owners. The goal is to further improve the driving experience and enable more private car owners to enjoy convenient and safe cross-border travel services.
Download High-Resolution Photos HERE
Photo 1:
In his welcome speech, Mr Yonghai DU, Chief Executive Officer of APAS, highlighted that with the continuous increase in the number of electric vehicles, it is important for owners to understand the differences in traffic regulations and charging interface standards between the Mainland and Hong Kong. To address this, APAS has developed a specialised charging adapter to ensure that vehicle owners can seamlessly use charging facilities. APAS looks forward to promoting innovative technology and sustainable development through this event and contributing to the development of a smart city in Hong Kong.
Photo 2:
Mr Ralph Xu, Head of Green Transportation of APAS discusses the regulations and requirements for electric vehicle charging adapters and demonstrates the electric vehicle charging adapter equipment.
Photo 3:
Mr Paul LAW, MH, Chairman of Olympic (Motor) Group and Mr Harley KWAN, President of the Hong Kong Insurance Intermediaries Association, shares insights on the impact of “Northbound Travel for Hong Kong Vehicles”. They discussed the claims procedures for Hong Kong vehicle owners involved in accidents in the Mainland and offered valuable suggestions for future collaboration between the industry and APAS.
Photo 4:
(From Left) Mr Harley KWAN, President of the Hong Kong Insurance Intermediaries Association, Mr Yonghai DU, Chief Executive Officer of APAS and Mr Paul LAW, MH, Chairman of Olympic (Motor) Group shared the latest policy and the insurance about the “Northbound Travel for Hong Kong Vehicles”.
Photo 5:
(From Left) Mr Harley KWAN, President of the Hong Kong Insurance Intermediaries Association, Mr Yonghai DU, Chief Executive Officer of APAS, Mr Paul LAW, MH, Chairman of Olympic (Motor) Group and Mr Ralph Xu, Head of Green Transportation of APAS.
About APAS Electric Vehicle Charging Adapters Specifications:
Model Specifications | |
System Parameters | |
Rated Power | 150Kw |
Rated Voltage | 1000V |
Voltage Range | 200-1000V |
Current | 250A |
Protection Rating | IP54 |
Input Interface | GB/T 20234.3-2015 |
Output Interface | CCS Type 2 (IEC 62196-3 Combo) |
Environmental Conditions | |
Operating Temperature | -10°C to 40°C |
Storage Temperature | -40°C to 70°C |
Relative Humidity | 0-95% |
Other | |
Dimensions | 306X92X122 mm |
Net Weight | < 1.5kg |
Hashtag: #APAS
The issuer is solely responsible for the content of this announcement.
About Automotive Platforms and Application Systems R&D Centre (APAS)
The Automotive Platforms and Application Systems R&D Centre (APAS) was established under the R&D Centre Programme of the Innovation and Technology Commission and is hosted by the Hong Kong Productivity Council (HKPC). APAS will be fully integrated under HKPC on 1 April 2025. The Centre continues to undertake market-led R&D programmes spanning green transportation, smart mobility, and intelligent systems, as well as commercialises R&D results in collaboration with industry, universities and technology institutes to enhance the competitiveness of Hong Kong’s automotive and other transportation sectors in new energy and smart driving.
About Hong Kong Productivity Council
The Hong Kong Productivity Council (HKPC) is a multi-disciplinary organisation established by statute in 1967, to promote productivity excellence through relentless drive of world-class advanced technologies and innovative service offerings to support Hong Kong enterprises. As a nationwide leader in innovative, market-driven research and development (R&D) internationally, specialising in leading technologies and all-rounded manufacturing services, HKPC promotes new industrialisation in Hong Kong and the Greater Bay Area and facilitates the development of new productive forces, leveraging innovation and technology (I&T), as well as bolstering Hong Kong to be an international innovation and technology centre and a smart city. The Council offers comprehensive innovative solutions for Hong Kong industries and enterprises, enabling them to achieve resources and productivity utilisation, effectiveness and cost reduction, and enhance competitiveness in both local and overseas marketplace. The Council partners and collaborates with local industries and enterprises and world-class R&D institutes to develop applied technology solutions for value creation. It also benefits a variety of sectors through product innovation, technology transfer, and commercialisation, bringing enormous business opportunities ahead. HKPC’s world-class R&D achievements have been widely recognised over the years, winning an array of local and overseas accolades.
In addition, HKPC offers SMEs and startups immediate and timely assistance in coping with the ever-changing business environment, and strengthens talent nurturing and Hong Kong’s competitiveness with FutureSkills training for enterprises and academia to enhance digital capabilities and STEM competencies.
For more information, please visit HKPC’s website: www.hkpc.org/en.
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Chaoyang District of Beijing Strives to Build a World-Class Waterfront Economic Zone
From the era of handicraft economies to today’s age of creative economies, waterfront spaces have played an increasingly pivotal role in urban development. Recently, Chaoyang District of Beijing announced its plans to establish a world-class “Two Rivers, One Belt” waterfront economic zone. In the future, the Ba River and Liangma River within the district will be connected, allowing citizens and visitors to travel by yacht from Jiuxianqiao to the city’s sub-center.
With its rich water resources, Chaoyang District in Beijing has embraced the principles of extensive urban renewal and large-scale accessibility. Through the restoration of its rivers, it has revitalized urban spaces and created 23 kilometers of beautifully designed scenic corridors along the Empress Dowager Xiao River, Liangma River, Ba River, and Tonghui Canal. These efforts have boosted activity along the banks, revitalized industries, and spurred consumption. The Liangma River has now become a hallmark destination, while the Tonghui Canal, Ba River, and Beixiao River have also undergone significant transformations.
Building on this foundation, Chaoyang District aims to accelerate the implementation of new and reserve projects by 2025, creating and shaping a world-class “Two Rivers, One Belt” waterfront economic zone.
- The Two Rivers: Efforts will be made to enhance the brand influence of the Liangma River and Ba River. The Liangma River’s international riverside charm will be further enriched, with improvements from the Fourth Ring Road to the Ba River section, opening a 22-kilometer scenic cruise route along the Liangma River. Construction along the Ba River will also be expedited, with the full opening of the Jiuxianqiao Road to Langyuan section. Renovation will extend from Langyuan East to Xingba Road, creating a 15-kilometer yacht route along the Ba River, connecting to the city’s sub-center.
- The One Belt: The plan focuses on enhancing and strengthening the Liangma River Cultural and Economic Belt. Phase three of the Liangma River cruise route (3 kilometers from Blue Harbor Marina to South Lake in Chaoyang Park) will be accelerated. Key commercial projects, such as the Sina Weibo Esports Center in Chaoyang Park, No.8 Manor, and the Ferris wheel, will be fast-tracked. The Liuliwan area will be carefully developed to connect five major commercial zones—Sanlitun, Yansha, Blue Harbor, Liuliwan, and Langyuan—forming a diversified, multifunctional urban district.
In the future, this area is set to become a more dynamic and vibrant world-class waterfront economic zone. Chaoyang District remains committed to openness and collaboration, forging connections with the world and its people. We look forward to welcoming you to share in its promising future.
Hashtag: #ChaoyangDistrict
The issuer is solely responsible for the content of this announcement.
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