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SK Networks President Sunghwan Choi encounters former UK Prime Minister

  • Held a breakfast meeting with ex-UK Prime Minister Rishi Sunak during his visit to South Korea and discussed exchanges and AI cooperation between both nations.
  • Anticipations that strengthening collaboration with important global figures and entities will enhance the corporate value of SK Networks.

SEOUL, South Korea, May 21, 2025 /PRNewswire/ — SK Networks, aiming to evolve into an “AI-focused business holding company”, is intensifying its initiatives to enhance collaboration and expand its operations through a global network. In this context, Sunghwan Choi, President & COO of SK Networks, who has been steering the tech-focused AI operations of the headquarters and its subsidiaries, reportedly met with former UK Prime Minister Sunak to explore methods for improving exchanges and corporate collaboration between the two nations.

SK Networks President & COO Sunghwan Choi, left, and former U.K. Prime Minister Rishi Sunak have discussed plans for bilateral cooperation and business partnerships in a meeting on May 20
SK Networks President & COO Sunghwan Choi, left, and former U.K. Prime Minister Rishi Sunak have discussed plans for bilateral cooperation and business partnerships in a meeting on May 20

As stated by company representatives, this Tuesday at The Shilla Seoul, President Choi and former Prime Minister Sunak held a breakfast meeting to exchange global trends and discuss AI and other technological collaborations between nations and corporations. SK Networks founded Hico Capital (now SK Networks Americas) in Silicon Valley, USA, in 2020. The company has been concentrating on global investments in and partnerships with technology firms centered around Hicosystem, the human network associated with future expansion sectors. The opportunity for an unexpected in-person meeting between Rishi Sunak, who visited South Korea for an international conference, and Sunghwan Choi is believed to stem from this network.

During this meeting, the pair shared perspectives on the current state of the global economy. They also discussed approaches to enhance relations between the two countries from the viewpoints of a politician and a business leader, as well as the possibilities and examples of AI collaboration at both national and corporate levels. In this context, President Choi presented innovative AI-based cases and global strategies from SK Group and SK Networks, expressing optimism that, in line with current trends, the company’s AI endeavors would grow in the UK and across Europe, aiding the advancement of human civilization.

The industry has high expectations for the future potential of SK Networks, which is evolving into an AI company. In particular, NAMUHx held a showcase last month and received a favorable response from participants for its groundbreaking air purification and vital sign monitoring capabilities powered by AI. The brand intends to expand into the international market, including the US and Malaysia, following its official launch in Korea in July. It was established from the resources of SK Magic and is strategically overseen by SK Networks. NAMUHx manages its brand communication independently, emphasizing innovative technologies and services that differentiate it from SK Magic’s existing products. PhnyX Lab, an AI startup comprised of Silicon valley talent, introduced a modular RAG (retrieval augmented generation) solution for the pharmaceutical sector named Cheiron at the end of last year and is preparing for market growth by forming tailored partnerships with businesses. The heads of SK Magic and PhnyX Lab attended the meeting alongside President Choi and former Prime Minister Sunak. Former Prime Minister Sunak stated, “AI holds the key to transforming the future of drug development. It promises new levels of speed and precision that could help hundreds of millions of patients around the world.” He added, “Phynx Lab’s Cherion looks like the kind of technology that has the potential to play an important part in this revolution.”

SK Networks’ efforts in collaborating and partnering with prominent global personalities and firms are expected to enhance its position as an AI enterprise.

HKC to Debut Cutting-Edge Display Technologies at Computex 2025, Setting a New Standard for Visual Excellence

HKC @ Computex 2025 – Quick Summary

• Worlds First 750Hz Monitor
HKC debuts the ANT257PF, pushing esports performance to new heights with an ultra-smooth 750Hz refresh rate.

• MiniLED Powerhouse G32M12Max
Combining 4K, 240Hz, HDR1400, and 9,000+ dimming zones, this monitor redefines immersive gaming visuals.

• AI-Enhanced OLED Displays
GS27UK and GS27QH bring ultra-fast response times, AI picture tuning, and up to 500Hz refresh rates for next-gen esports.

8K Creator Display  T9000 Ultra
Designed for professionals, the T9000 offers precise color accuracy and 8K detail tailored for high-end production needs.

• Portable Gaming Kit  BG15
A full mobile esports setup packed into one case, perfect for gamers on the go.

• Three Trends at the Core
HKC highlights breakthroughs in hardware, AI-display integration, and seamless blending of gaming, creative, and mobile use cases.

NEW YORK, May 21, 2025 /PRNewswire/ — HKC, a leading innovator in display technology, is set to showcase its full portfolio of next-generation products at Computex 2025, one of the world’s premier technology trade shows. From ultra-high refresh rate gaming monitors to professional-grade creative displays and portable gaming ecosystems, HKC will unveil breakthrough innovations that redefine the visual experience across a variety of user scenarios.

*COMPUTEX 2025 HKC N1113a 4F, Hall 1
*COMPUTEX 2025 HKC N1113a 4F, Hall 1

Global Debut of the World’s First 750Hz Gaming Monitor

At the forefront of HKC’s exhibition is the global launch of the ANT257PF, the world’s first 750Hz refresh rate esports monitor under its Ant Esports brand. Featuring a lightning-fast 1ms response time, 95% DCI-P3 color gamut, and HDR 400 certification, the ANT257PF delivers an unparalleled, ultra-fluid experience tailored for elite competitive gaming.

MiniLED Redefined: G32M12Max Elevates Gaming Display Performance
Also headlining the booth is the G32M12Max, a MiniLED flagship gaming monitor boasting over 9,000 dimming zones and HDR1400 high dynamic range. Paired with 4K resolution and a 240Hz refresh rate, the G32M12Max sets a new bar for contrast precision, deep blacks, and radiant highlights. With 99% DCI-P3 color coverage, it provides professional-level color fidelity in fast-paced game scenarios.

OLED Meets AI: GS27UK and GS27QH Deliver the Future of Esports Displays
HKC continues to push boundaries with the GS27UK, a groundbreaking QD-OLED esports monitor that integrates AI-PQ (Picture Quality) enhancements for lifelike color accuracy. With an ultra-low 0.03ms response time and dual-mode refresh capability (switching between 4K 240Hz and FHD 320Hz), it offers flexible, top-tier performance for competitive gamers.

Joining the OLED lineup is the GS27QH, featuring a 2K resolution, an industry-leading 500Hz refresh rate, and the same blistering 0.03ms GTG response. This display is engineered to virtually eliminate motion blur, making it the ultimate weapon for professional esports athletes.

8K Professional Creative Monitor: T9000 Ultra
For digital content creators, HKC introduces the T9000 Ultra, a 32-inch 8K monitor with a pixel density of 275 PPI, delivering ultra-fine detail rendering. Supporting 92% BT2020 and 99% AdobeRGB color gamuts, the T9000 Ultra meets the stringent demands of professional color grading and creative production. It also features M-BOOK color mode tailored for macOS workflows and an array of versatile connectivity options.

Portable Gaming Ecosystem: The All-in-One BG15 Esports Kit
HKC will also debut the BG15, a portable esports equipment kit designed for gamers on the move. Housed in a custom rolling case, the kit includes a 23.8-inch FHD 240Hz display, high-fidelity low-latency gaming headset, 68-key magnetic mechanical keyboard, and 8,000Hz wireless gaming mouse—offering a complete mobile gaming setup for LAN parties, travel, or tournament prep.

A New Era in Display Innovation
From the world’s first 750Hz monitor to flagship MiniLED and QD-OLED displays, HKC’s Computex 2025 lineup showcases three major trends shaping the future of the display industry:

  • Continuous breakthrough in hardware specifications
  • Deep integration of AI with display technologies
  • Blurring of boundaries between usage scenarios

As Computex 2025 opens its doors, HKC is poised to captivate global audiences with its forward-thinking innovations. With a mission to drive display technology to new heights, HKC proudly brings “Made in China” engineering excellence to the center stage of the global tech arena.

Visit HKC at Computex 2025 from May 20–24 and experience the future of visual technology.

About HKC&KOORUI
HKC Corporation, a China-originated global innovator in semiconductor display technologies, specializes in the R&D, manufacturing and sales of advanced display panels and smart connected devices. Our comprehensive portfolio includes TV and IT display solutions across all size segments, smart TVs, monitors and IoT-enabled displays, powering applications from consumer electronics to industrial IoT ecosystems. Looking ahead, HKC will further strengthen its R&D capabilities, with focused investments on innovation breakthroughs and industrial implementation of next-generation semiconductor display technologies. We will continuously enhance product performance to secure leadership in premium display panel markets both domestically and internationally. Concurrently, by capitalizing on the transformative opportunities created through the convergence of 5G, AI and IoT technologies, we will accelerate our IoT transformation strategy. This will enable us to develop a robust ecosystem of smart connected products, ultimately bringing to life our vision of “Displays Everywhere.”
For more information, please visit: https://www.hkcglobal.net

Koorui Technology Co., Ltd., a key player in China’s semiconductor display industry, operates under the HKC Group and specializes in the design, R&D, and sales of electronic products. Established on Youth Day, May 4, 2021, Koorui serves as HKC’s flagship brand for international markets, enjoying strong popularity and deep consumer appreciation overseas.

For more information, please visit: https://www.koorui.net/

 

Industry First: XGRIDS Debuts AI-Powered 3DGS Scan-to-BIM Plugin for Revit at Autodesk DevCon Europe 2025

End-to-end hardware + software solution cuts modeling time by 70-90%, maintains cm-level accuracy, and eliminates rework.

AMSTERDAM, May 21, 2025 /PRNewswire/ — At Autodesk DevCon Europe 2025, XGRIDS today launched LCC for Revit, the AI-driven plugin integrating 3D Gaussian Splatting (3DGS) technology with Autodesk Revit. Developed in partnership with Autodesk, this innovation delivers scan-to-BIM automation that achieves 70% efficiency improvements while maintaining 3cm accuracy.

Michael Beale, Autodesk Software Engineer, is introducing co-developed solution
Michael Beale, Autodesk Software Engineer, is introducing co-developed solution

LCC for Revit connects Revit with XGRIDS’ LCC (Lixel CyberColor) models, which combine LiDAR and visual data captured by XGRIDS’ Lixel mobile scanning devices. The Lixel solution replaces manual measurements with mobile scanning, then uses AI to detect and extract building elements from the photorealistic models created using the scan data. This cuts modeling time by automating the creation of walls, doors, and windows directly in Revit—transforming physical buildings into BIM models in a single coordinated workflow without requiring modelers to individually measure and recreate each element.

“The construction industry needs tools that understand both the precision of scan data and the intelligence of BIM workflows,” said Sunny Liao, Director of Global Business at XGRIDS. “LCC for Revit represents the practical convergence of spatial intelligence and design intent.”

Key capabilities:

  • Real-Time Integration: Live synchronization between Revit and LCC Viewer for instant BIM model updates
  • AI-Assisted Modeling: Automated creation of levels, walls, doors, and windows using semantic data
  • Point Cloud Overlay: Semantic point cloud visualization overlaid with BIM models for verification

XGRIDS’ proprietary spatial intelligence algorithms embed semantic data in LCC models, powering one-click Revit component creation while enabling teams to seamlessly transition through design, construction, monitoring, and delivery phases with photorealistic 3DGS visualization and parametric BIM modeling.

The LCC for Revit plugin will be available on the Autodesk App Store by the end of May 2025, supporting Revit 2025 and later versions.

About XGRIDS

XGRIDS develops spatial intelligence solutions spanning capture hardware, 3D reconstruction software, and AI-driven integrations with industry-standard workflows. The company’s innovations bridge physical and digital realities across construction, media, and emerging industries.

Contact:

Xiangxiang Li
xiangxiang.li@xgrids.com

How Egypt became a hotspot for Chinese investment

GUANGZHOU, China, May 21, 2025 /PRNewswire/ — News report from GDToday:

In Egypt, the presence of Chinese brands is obvious.

Companies like GAC, Midea, OPPO, Huawei, Transsion, and BYD have invested heavily in the country.

China is now one of the country’s fastest-growing and most active investors. 

Why do Chinese companies so invest in the African country? And how are locals benefiting from this? In this episode of China Xplained, we’ll search for the answers.

Hainan Launches International Promotion for Agarwood and Yellow Rosewood Trade Fair in Dubai

HAIKOU, China, May 21, 2025 /PRNewswire/ — A report from Hainan International Media Center (HIMC):

On May 21, a press conference was held in Dubai, UAE for “Heavenly Fragrance – The Second Hainan International Agarwood and Yellow Rosewood Trade Fair”, a major event which will be held in China’s southern province of Hainan. The press conference served as a global promotion event for the trade fair.

A signing ceremony was held alongside the press conference for the Second Hainan International Agarwood and Yellow Rosewood Trade Fair in Dubai.
A signing ceremony was held alongside the press conference for the Second Hainan International Agarwood and Yellow Rosewood Trade Fair in Dubai.

The fair is a key provincial-level exhibition and a high-end international event promoting the agarwood and yellow rosewood industries. Its inaugural edition in 2024, bringing together over 1,000 experts and representatives of Belt and Road Initiative partner countries and attracting over 56,000 visitors, generated sales totaling CNY 537 million ($74.5 million) and saw the launch of the Global Agarwood Trade Alliance Initiative.

The Second Hainan International Agarwood and Yellow Rosewood Trade Fair is scheduled for November 27–30, 2025, in Haikou, the capital city of Hainan Province, with 30,000 square meters of exhibition space and more than 5,000 guests expected. Selected guests from the Middle East, Southeast Asia, East Asia, Europe, the United States, and other regions will be offered complimentary five-day, four-night accommodations at designated five-star hotels.

The fair’s organizers announced plans to collaborate with Southeast Asian and Middle Eastern agarwood enterprises, alongside the Hainan Agarwood and Yellow Rosewood Museum, to jointly establish an international trading center in Hainan. At the press conference, the Hainan Agarwood Industry Association introduced the progress of China’s agarwood sector. Multiple agreements were signed between UAE and Hainan enterprises to deepen trade and cooperation through participation in the upcoming fair.

Following the conference, a delegation of nearly 20 Chinese agarwood enterprises conducted field visits to local manufacturers and fragrance markets in Dubai.

Click the link below to register for the Second Hainan International Agarwood and Yellow Rosewood Trade Fair: https://m-v2.huicanzhan.cn/a/677912043078597 

MEXC Partners with TON for Groundbreaking $1 Million Crypto Event

VICTORIA, Seychelles, May 21, 2025 /PRNewswire/ — MEXC, a leading global cryptocurrency exchange, today announced an industry-disrupting partnership with The Open Network (TON) that introduces a $1 million reward pool campaign and fundamentally challenges established exchange revenue models. Launching today and running through June 20, the “TON Triumph” campaign eliminates all trading fees on TON pairs while offering staking returns that dwarf typical yields by up to 100 times.

MEXC Partners with TON for Groundbreaking $1 Million Crypto Event
MEXC Partners with TON for Groundbreaking $1 Million Crypto Event

In an unprecedented move that signals a significant shift in exchange competition strategies, MEXC will offer new users access to staking opportunities with up to 400% APR on TON tokens—creating what analysts describe as the most aggressive user acquisition campaign in the cryptocurrency exchange sector this year.

“This partnership represents a strategic inflection point for both the TON ecosystem and the broader exchange landscape,” said Tracy Jin, COO of MEXC. “By eliminating all typical entry costs into TON trading for a full month while simultaneously offering returns that outpace all competitors, we’re not simply running a promotion—we’re fundamentally changing how users engage with emerging Layer-1 ecosystems.”

Campaign Transforms Market Access and Investment Returns

The 30-day campaign introduces multiple disruptive elements that directly challenge other exchanges’ TON market dominance:

  • Zero-Fee Trading Structure: Complete elimination of fees on TON/USDT, TON/USDC, and TON/EUR spot pairs, TONUSDT futures, and all TON/USDE network withdrawals—removing traditional revenue mechanisms that have defined exchange business models.
  • Industry-Leading APR: New users can stake TON tokens to earn up to 400% APR, positioning the offering at 100 times higher than typical cryptocurrency staking returns and several hundred times above traditional banking products.
  • Democratized Trading Access: Zero-fee structure gives retail traders access to the same economics previously available only to professional and institutional traders, significantly leveling the playing field.
  • Limited-Time, First-Come Allocation: High-yield staking pools operate on a first-come, first-served basis with participants limited to 250 TON tokens per user, creating immediate urgency for early participation.

The campaign also includes passive rewards of up to 8% daily APR for USDE holders, spot trading rewards from a pool of 32,500 TON, and a futures trading competition with 100,000 USDT in bonuses.

TON Ecosystem Expansion and Infrastructure Advancement

This partnership is pivotal for The Open Network, which continues to gain momentum through its connection to Telegram’s 900+ million users and growing developer ecosystem.

The collaboration represents a significant leap forward in TON’s accessibility and adoption curve. By drastically reducing barriers to entry while providing exceptional incentives, the campaign accelerates the integration of new participants into the TON ecosystem, coinciding precisely with the network’s rapidly expanding technical capabilities and use cases.

The campaign also showcases MEXC’s platform capabilities, demonstrating advanced infrastructure that can handle zero-fee trading across multiple markets simultaneously while managing high-volume staking operations with variable APR structures.

Time-Sensitive Opportunity with Global Access

The $1 million in rewards is available exclusively during the 30-day window, with certain high-value components like the 400% APR staking pool starting on May 21st and operating on a capped allocation basis.

MEXC has created a streamlined onboarding process that allows new users to complete registration and KYC verification in minutes, with the campaign accessible to eligible participants globally through both web and mobile interfaces.

About MEXC
Founded in 2018, MEXC is committed to being “Your Easiest Way to Crypto.” Serving over 40 million users across 170+ countries, MEXC is known for its broad selection of trending tokens, everyday airdrop opportunities, and low trading fees. Our user-friendly platform is designed to support both new traders and experienced investors, offering secure and efficient access to digital assets. MEXC prioritizes simplicity and innovation, making crypto trading more accessible and rewarding.

MEXC Official Website  X Telegram |How to Sign Up on MEXC

About TON 
The Open Network (TON) is a fully decentralized layer-1 blockchain designed for mass adoption. Originally conceived by Telegram and now developed by the open TON Community, the network offers exceptional scalability, accessibility, and ease of use.

Risk Disclaimer:
The information provided in this article regarding cryptocurrencies does not constitute investment advice. Given the highly volatile nature of the cryptocurrency market, investors are encouraged to carefully assess market fluctuations, the fundamentals of projects, and potential financial risks before making any trading decisions.

 

H.E. Dr. Sultan Ahmed Al Jaber and H.E. Dr. Amna bint Abdullah Al Dahak Witness Signing of Silal and China’s SVG to Launch 100,000 m2 Smart Agritech Hub in Al Ain

ABU DHABI, UAE, May 21, 2025 /PRNewswire/ — His Excellency Dr. Sultan Ahmed Al Jaber, UAE Minister of Industry and Advanced Technology and Her Excellency Dr. Amna bint Abdullah Al Dahak, UAE Minister of Climate Change and Environment, witnessed the signing of a strategic partnership between Silal, Abu Dhabi’s leading agri-food and technology company, and Shouguang Vegetable Industry Group (SVG), a prominent Chinese company specializing in vegetable seed breeding and counter-seasonal production.

H.E. Dr. Sultan Ahmed Al Jaber and H.E. Dr. Amna bint Abdullah Al Dahak witness Silal - SVG partnership for Agritech Powerhouse in Al Ain
H.E. Dr. Sultan Ahmed Al Jaber and H.E. Dr. Amna bint Abdullah Al Dahak witness Silal – SVG partnership for Agritech Powerhouse in Al Ain

The partnership enables SVG to invest over AED 120 million into developing a 100,000m2 Agritech powerhouse in Al Ain, marking a major milestone for the UAE and regional agriculture sectors. The facility will harness advanced technologies, including AI and robotics to drive precision, boost efficiency, and deliver sustainable, high-impact innovations across the agricultural value chain.

The Agritech powerhouse will showcase SVG’s advanced “Shouguang Model” of greenhouse technology, which will be adapted and optimized for the unique climate conditions of the UAE. It will feature a range of advanced greenhouse structures, such as intelligent photovoltaic glass greenhouses, thin film-connected greenhouses, and large-span solar greenhouses.

The project encompasses a comprehensive ecosystem that includes seedling cultivation as well as post-harvest processing, storage and distribution centers. The entire smart greenhouse system will be powered by solar energy, minimizing the facility’s carbon footprint and promoting environmentally responsible agricultural practices.

Salmeen Alameri, CEO of Silal said, “Our partnership with Shouguang Vegetable Industry Group aims to revolutionize the UAE’s Agritech sector. By combining SVG’s world-leading expertise in greenhouse technology with Silal’s commitment to innovation and sustainability, we are creating a cutting-edge model for innovative agriculture that can be replicated across the region and beyond.”

Mr. Ming Yang, Founder of Shouguang Vegetable Industry Group, said: “Abu Dhabi’s forward-thinking approach and its willingness to embrace new technologies make it a vital hub for Agritech innovation. In addition, the region’s unique climate conditions make it a crucial testing ground for new technologies and solutions. Therefore, our partnership with Silal provides an unparalleled opportunity to refine our advanced technologies.”

The facility will integrate AI and robotics to optimize every stage of cultivation, enabling precision planting, accelerated harvesting, and greater operational efficiency. Integrated technologies include intelligent climate control, automated irrigation, robotic harvesting, and advanced AI-driven research and development.

Over a dozen crop varieties – including tomatoes, cucumbers, melons, and strawberries—will be cultivated with enhanced traits for superior taste, resilience, and productivity. Smart resource management will reduce water and fertilizer usage by up to 30%, promoting sustainability and environmental stewardship.

The project will be supported by AI labs, technology testing zones, and a sensory experience center, alongside advanced water treatment systems, modular purification units, mushroom production areas, energy storage solutions, and dedicated employee accommodations.

Complementing production, a fully equipped post-harvest complex will include cold storage, automated sorting lines, and export-ready logistics to maintain product integrity and ensure seamless distribution to domestic and international markets.

About Silal

Silal is part of ADQ, one of the region’s largest holding companies with a broad portfolio of major enterprises spanning key sectors of Abu Dhabi’s diversified economy. Silal was established in September 2020 to diversify sources of food products and stimulate manufactured and agri-food sectors. Silal’s mandates include managing procurement programs and strategic stocks of foodstuffs. The company also executes specialised knowledge transfer programs on desert farming techniques and devises research and development projects.

For more information, please visit: silal.ae

Follow Silal on: 
LinkedIn: https://www.linkedin.com/company/silaluae/
Instagram: https://www.instagram.com/silaluae/
Twitter: https://twitter.com/SilalUAE
Facebook: https://www.facebook.com/SilalUAE

H.E. Dr. Sultan Ahmed Al Jaber and H.E. Dr. Amna bint Abdullah Al Dahak witness Silal - SVG partnership for Agritech Powerhouse in Al Ain
H.E. Dr. Sultan Ahmed Al Jaber and H.E. Dr. Amna bint Abdullah Al Dahak witness Silal – SVG partnership for Agritech Powerhouse in Al Ain

Global Prosperity Summit 2025 successfully concludes

Event underscores Hong Kong’s bridging role, contributions in people-to-people diplomacy

HONG KONG, May 21, 2025 /PRNewswire/ — Global Prosperity Summit 2025 (GPS2025), jointly organised by Savantas Policy Institute, the Shanghai Institutes for International Studies and the European Chamber of Commerce in Hong Kong, came to a close today following two days of insightful discussions by distinguished leaders and experts from around the world on the most pressing issues impacting global prosperity. The event also underscored Hong Kong’s bridging role and soft power in advancing people-to-people diplomacy and facilitating dialogue for addressing geopolitical issues.

1. Group photo of Panel 4 “Climate Change and Sustainable Development”.
1. Group photo of Panel 4 “Climate Change and Sustainable Development”.

 

2. Group photo of Panel 5 “Hong Kong's Bridging Role in a Changing World”.
2. Group photo of Panel 5 “Hong Kong’s Bridging Role in a Changing World”.

Mrs Regina Ip, Chairperson of the Board of Governors of the Savantas Policy Institute, said that the final two panel discussions at this year’s Global Prosperity Summit focused on climate change and sustainable development, as well as Hong Kong’s role. Quoting speakers at the event, she underscored the importance of enhancing efforts to showcase Hong Kong’s cultural richness and achievements to the global audience, for the world to see the city’s diverse identity, so that Hong Kong can fully demonstrate its role as a bridge, and continue to play a unique role on the international stage.

Today’s programme began with the first panel discussion on “Climate Change and Sustainable Development”, a panel that brought together international experts for an in-depth exploration of issues such as climate change and green transformation. The Summit then concluded with “Hong Kong’s Bridging Role in a Changing World”, where international relations experts from the United Kingdom and United States shared their unique perspectives and insights. (Key points from these discussions can be found in the Annex.)

Regarding the many strengths of Hong Kong, Ambassador Craig Allen, Senior Counselor, The Cohen Group, noted that “Hong Kong has some of the greatest entrepreneurs in the world”; “The financial markets are superb”; and “diversity is Hong Kong’s strength.”

Sir Sherard Cowper-Coles KCMG LVO, Chair, China-Britain Business Council and Senior Adviser to the Group, HSBC Holdings plc, also pointed out that “I’ve always thought that Hong Kong undersells itself, not realizing its extraordinary assets, which in this time and this world, make it exceptionally well-placed. I think I’m right in saying that 70% of the foreign direct investment coming out of China goes through Hong Kong, 60% of the incoming investment into China comes through this territory. Britain does about as much trade with Hong Kong as we do with Japan.”

He also said “You only have to walk through Central, dance in Lan Kwai Fong, do what you always do in Hong Kong, to know that it is special and different and will remain so. So I say to my friends from Hong Kong here – keep selling Hong Kong. Be confident that it is what the mainland wants, it is what the leadership wants, and it is what the leadership will support.”

The organisers of GPS2025 said they are grateful to the speakers and experts who came to Hong Kong from the mainland and countries across the globe to share their profound insights and forward-thinking perspectives. They added that the summit will continue to invite renowned experts with a view to fostering global prosperity and strengthening cross-region and cross-sector collaboration.

About Global Prosperity Summit

Global Prosperity Summit was initiated by a group of business, academic and experts in Hong Kong to provide a platform for frank, objective and rational discussion of dominant issues impacting global prosperity. The inaugural Summit was held in Hong Kong in 2024.

About Savantas Policy Institute

Savantas Policy Institute (SPI) was founded in 2006 by a group of Hong Kong belongers with overseas experience who care deeply about Hong Kong. The core vision of SPI is to enhance Hong Kong’s transformation into a knowledge-based economy. SPI engages mainly in conducting public policy research and analysis and recommending appropriate long-term developmental strategies, as well as promoting public understanding of and participation in the economic and social development of the Hong Kong Special Administrative Region.

About Shanghai Institutes for International Studies

Established in 1960, Shanghai Institutes for International Studies (SIIS) has played a crucial role in conducting strategic research, providing policy recommendations and contributing to the understanding of international politics, economics, security and other related fields. It has evolved into an important institution informing and shaping China’s foreign policy and global engagement and has been accredited as one of the most influential think tanks in China and around the world.

About European Chamber of Commerce in Hong Kong

Initiated in 1997, the European Chamber of Commerce in Hong Kong (EuroCham) is a non-governmental business interest group. The EuroCham is a ‘Chamber of Chambers’ with its membership comprising 16 European Chambers based in Hong Kong. The appointed representatives of these chambers make up EuroCham’s Board of Directors. Over 1,600 European companies are operating in Hong Kong. In 2019, Europe maintained its position as Hong Kong’s second-largest trading partner after mainland China and Hong Kong’s second-largest export destination and third-largest import supplier.