Core Insights - The Hong Kong government released a new "Hong Kong Business Environment Report" on July 30, highlighting the region's business advantages such as a clean and efficient government, free flow of capital, and a stable financial system [1] - The report suggests that Hong Kong should adjust its trade strategy to explore emerging markets in Southeast Asia, South America, and Africa, particularly in light of China's recent decision to eliminate import tariffs on goods from African countries [1] - The report emphasizes Hong Kong's unique position as a bridge between China and the world, enhancing its appeal as a platform for companies entering the mainland market [1] Group 1 - The Hong Kong Trade Development Council Chairman, Peter Ma, noted that the city's international financial center status was temporarily challenged by Singapore during the pandemic, but has since regained strength with a robust IPO market [1] - The report indicates that Hong Kong's adaptability and its "one country, two systems" framework have attracted numerous companies to list in the city [1] - The upcoming termination of tax exemptions on small parcels by the U.S. starting September 29 requires further analysis on its impact on trade, supply chains, and logistics strategies [1] Group 2 - Peter Ma compared Hong Kong with Switzerland, noting that while both have similar populations and excel in finance, tourism, and innovation, Hong Kong's industrial development is unevenly focused on finance [2] - The development of the Northern Metropolis area is seen as an opportunity to address land shortages and enhance high-value industrial growth in Hong Kong [2] - Ma emphasized the need to improve the international perception of Hong Kong, which has been affected by past events and the pandemic, by promoting a positive narrative about the city [2]