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Policy Address by Hong Kong SAR’s Chief Executive John Lee: Reform for Enhancing Development and Building Our Future Together

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Policy Address

HONG KONG SAR – Media OutReach Newswire – 16 October 2024 – John Lee, Chief Executive of the Hong Kong Special Administrative Region today (October 16) announced his third Policy Address entitled “Reform for Enhancing Development and Building Our Future Together”, setting out a range of initiatives to create new impetus for economic development, improve people’s livelihood and enhance their quality of life.

Mr Lee said, “In this Policy Address, I will continue to follow through the ‘four proposals’ put forward by President Xi Jinping in his important speech delivered on July 1, 2022. I will also outline our vision and objectives for reforms and changes, as well as the related key measures and key performance indicators.
 
“Reform is a continuous process. Over the past two years, my team and I have focused on economic growth and on improving people’s livelihood through development, with the well-being of the people of Hong Kong close to our hearts. This Policy Address will deepen our reforms and explore new growth areas.”

Consolidate and enhance Hong Kong’s status as an international financial, shipping and trade centre

Hong Kong has established strengths as an international centre for finance, shipping and trade, which are closely intertwined and can be developed in a synergistic and complementary manner.

On the financial front, the Policy Address sets out the strategic development of Hong Kong as an international financial centre on all fronts. It strives to reinforce Hong Kong’s status as the world’s largest offshore Renminbi business hub, enhance the asset and securities markets, and develop Hong Kong into an international gold trading market through measures such as building world-class gold storage facilities and strengthening the trading mechanism and regulatory framework. This will in turn drive demand for related services such as collateral and loan businesses, opening up new growth areas of the financial sector.

On the shipping side, the existing Hong Kong Maritime and Port Board will be reconstituted into the Hong Kong Maritime and Port Development Board. Additional funding will be provided to enhance its research capabilities, strengthen its Mainland and overseas promotional work and step up manpower training, encouraging more Mainland and overseas maritime service enterprises to establish presence in Hong Kong, promoting the sustainable development of Hong Kong’s maritime industry. The Government will advance the development of Hong Kong into a green maritime centre, while at the same time exploring the introduction of tax concessions and facilitate international commodity exchanges to set up accredited warehouses in Hong Kong, so as to establish a commodity trading ecosystem, especially for the storage and delivery of non-ferrous metal products, further promoting the development of Hong Kong’s maritime and trading services.

In respect of the trade sector, the Government will establish a high-value-added supply chain service centre. Through measures such as enriching a high value-added supply chain services mechanism and enhancing export credit services, as well as making good use of the new opportunities brought about by the Second Agreement Concerning Amendment to the Mainland and Hong Kong Closer Economic Partnership Arrangement (CEPA) Agreement on Trade in Services, the Government will seek to attract Mainland and overseas enterprises to set up their headquarters or corporate divisions in Hong Kong. The Government will continue to vigorously expand Hong Kong’s global economic and trade networks, with particular emphasis on strengthening Hong Kong’s economic and trade ties with and marketing efforts in emerging markets, so as to enable Hong Kong to exert a greater role in the country’s opening up to the world. Moreover, the Government will reduce the import duty on liquor, fostering trading of liquor and boosting development of high value-added industries.

Develop new quality productive forces tailored to local conditions

The core element of new quality productive forces is to achieve high quality economic development through technological empowerment. The Government is striving to expedite Hong Kong’s development into an international innovation and technology (I&T) centre. On top of the additional investment put in over the past two years, a $10 billion I&T Industry-Oriented Fund will be set up to guide more market capital to invest in specified emerging and future industries of strategic importance, including life and health technology and artificial intelligence. The Government will also launch the I&T Accelerator Pilot Scheme to attract professional start-up service providers to set up accelerator bases in Hong Kong, fostering the robust growth of start-ups.

The Policy Address also proposed the establishment of the Working Group on Developing Low-altitude Economy. Starting with projects on low-altitude applications, the working group will designate specific venues for such purposes, draw up regulations and design the institutional set-up, study and map out plans to develop the required infrastructure and networks, and promote interface with the Mainland, pushing forward development of the low-altitude economy.

At the same time, the Government is committed to promoting new energy development, such as green maritime fuel, sustainable aviation fuel and hydrogen energy. The Government will also expedite the reform of the approval mechanism for drugs and medical devices, establish the Real-World Study and Application Centre, and join hands with Shenzhen to establish the GBA Clinical Trial Collaboration Platform to enhance Hong Kong’s clinical trial capability and accelerate registration of new drugs, developing Hong Kong into an international health and medical innovation hub.

Build Hong Kong into an international hub for high-calibre talents

To boost synergy and effectiveness of policies, the Policy Address introduced the establishment of the Committee on Education, Technology and Talents to co-ordinate and drive the integrated development of education, technology and talents. In addition to reforming various aspects of the talent admission regime to build a quality talent pool for long-term development, the Government will endeavour to create the “Study in Hong Kong” brand to attract overseas students, launch a pilot scheme to support the market to flexibly increase the supply of self-financed and private student hostels, and map out the development plan of the Northern Metropolis University Town. These measures aim to expedite the development of Hong Kong into an international hub for post-secondary education, bringing in more global high-calibre talents.

Promote integrated development of culture, sports and tourism and foster economic diversification

Promoting integrated development of culture, sports and tourism is the objective of this term of Government in setting up the Culture, Sports and Tourism Bureau. The Government will reinforce the development of the West Kowloon Cultural District to take a leading role in establishing an industry chain for the arts and culture and creative industries of Hong Kong. The Government will also strive to develop the Kai Tak Sports Park into a sports and mega event landmark, building an international sports mega event hub. The Government will publish the Development Blueprint for Hong Kong’s Tourism Industry 2.0, putting emphasis on promoting areas including culture, sports, ecology and mega events, with a view to revitalising Hong Kong’s tourism industry. A Working Group on Developing Tourist Hotspots will be set up to strengthen cross-departmental co-ordination, and to identify and develop tourist hotspots of high popularity and with strong appeal in various districts.

Hong Kong is facing economic restructuring. To assist small and medium enterprises (SMEs) to cope with the prevailing challenges, the Government will put in place a range of support initiatives. Key measures include: relaunching the principal moratorium to offer SMEs flexibility in managing cash flows; injecting $1 billion into the BUD Fund (Dedicated Fund on Branding, Upgrading and Domestic Sales) to facilitate upgrading of enterprises; expanding the scope of the Digital Transformation Support Pilot Programme to cover the industries of tourism and personal services; and launching the Incentive Scheme for Recurrent Exhibitions 2.0. In addition, a Working Group on Promoting Silver Economy will be set up to implement measures in five areas, namely consumption, industry, quality assurance, financial and security arrangements, and productivity, meeting the growing needs of the elderly and help the industry to seize business opportunities.

Take forward the Northern Metropolis as growth engine and deepen GBA collaboration

To take forward the development of the Northern Metropolis, it was announced in the Policy Address to explore the establishment of a pilot industrial park in the Northern Metropolis by granting it to a company established and led by the Government. The company will, in accordance with the Government’s industrial policies, be responsible for formulating the park’s development and operation strategies. To expedite the development, the Government will adopt, on a pilot basis, a large-scale land-disposal approach, for collective development by successful bidders. In addition, the Steering Committee on the Hong Kong Shenzhen I&T Park in the Loop, chaired by the Chief Executive, will formulate the overall strategy, planning and layout for the development of the Hong Kong Park. The Development Outline for the Hong Kong Park of the Hetao Shenzhen Hong Kong Science and Technology Innovation Co-operation Zone will be published later this year.

Improve people’s livelihood in pursuit of happiness

This year, the Policy Address outlined a number of new measures on different livelihood areas, including land creation and housing construction and healthcare, making Hong Kong a better place to live and enjoy life.

On housing, a system on the renting of subdivided units (SDUs) in residential buildings will be devised, through legislation, to tackle the long-standing problem of SDUs at its roots in an orderly manner. The Government will also enhance the housing ladder to allow more people to realise their aspiration for home ownership.

Regarding healthcare, as noted in the Policy Address, the Government will deepen the reform of the healthcare system, strengthen public and primary healthcare services and promote the development of primary healthcare on all fronts, and boost healthy fertility. The Government also supports the plan, by local universities, to establish a third medical school. The Government will set aside sites in Ngau Tam Mei to build a new campus and an integrated medical teaching and research hospital.

To improve people’s livelihood, the Government will continue to take forward and enhance various measures for targeted poverty alleviation and focusing on different needs of the underprivileged. Meanwhile, the Government will regularise the funding provision for Care Teams and increase funding in the next term of service to strengthen support for their work. The Policy Address also proposed to reform the roles of the Employees Retraining Board to devise skills-based training programmes and strategies for the entire workforce, and lift the restriction on educational attainment of trainees.

Mr Lee concluded, “This Policy Address deepens the reforms that I have introduced since I became Chief Executive. It presents enhanced measures to boost the economy and improve people’s livelihood. It seeks to address the prevailing needs of our people, while mapping our vision and long-term goals for building a brighter future for Hong Kong. I am confident that Hong Kong will continue to go from strength to strength and attain new heights. Through our united efforts to reform and innovate, our economy will go even stronger and our people will lead a better life, making Hong Kong a shining city.”

A Supplement offering more backgrounds and details of various policy measures has been compiled with this year’s Policy Address. For related information and key initiatives of the Policy Address, please visit www.policyaddress.gov.hk.

Energy

Nigeria Mining Week promises high-level engagement on critical minerals and industrialisation roadmap

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Nigeria

“New Critical Minerals Forum will focus on needs for global energy transition”

CAPE TOWN, South Africa, July 28, 2026/APO Group/ –Hot on the heels of Nigeria’s unveiling of a strategic roadmap designed to convert the country’s mineral wealth into investments in clean energy manufacturing and domestic value addition, the organisers of the Nigeria Mining Week conference and expo have revealed this year’s packed and topical programme.

Convening at the Abuja Continental Hotel in the Nigerian capital from 13 to 14 October, this longstanding mining gathering of note supports Nigeria’s ambition to become a regional refining and processing powerhouse. The theme of this year’s event is “Unlocking Investment and Growth through Partnerships.”

DOWNLOAD THE BROCHURE (https://apo-opa.co/4yPtbdV)

Unveiling strategic roadmaps

Says Samukelo Madlabane, Event Director – Mining Portfolio, VUKA Group: “The Nigerian government has sought to boost beneficiation and industrialisation in its mining sector by mandating local processing, opening large scale mineral plants and unveiling strategic roadmaps that link critical minerals to clean energy manufacturing. Recent initiatives focus on lithium, copper and bauxite, aiming to move beyond raw exports and build integrated value chains.”

Earlier this month, the Council for Critical Minerals Development in the Global South presented a Critical Minerals Roadmap to the Minister of Solid Minerals Development, Dr Dele Alake, outlining strategies to harness Nigeria’s lithium, copper and bauxite resources in order to strengthen local industries, advance mineral beneficiation and draw investment into green manufacturing.

Madlabane adds: “Nigeria Mining Week is perfectly timed for this defining moment in this nation’s mining sector. Our new Critical Minerals Forum will focus on the minerals needed for the global energy transition, such as lithium, REEs, graphite, copper, and other battery or tech minerals, and how Nigeria must position itself to attract serious investment and unlock the country’s rapidly expanding opportunities.”

The Nigeria Mining Week programme highlights include:

Critical Minerals Forum: 13 October

  • Strategic Leadership in the Critical Minerals Race

This session will focus on positioning Nigeria with US and EU MSP initiatives and Asian cathode makers, ensuring bankable offtake term sheets, scaling REE projects responsibly, building infrastructure and traceability rules, and securing independent assurance to strengthen buyer confidence.

  • Building Reliable Pathways from Nigeria to Global Battery, Magnet & EV Markets

International buyers demand clear technical specifications, impurity thresholds and QA/QC standards before agreements with Nigerian projects. Success depends on structuring long term supply contracts, strengthening traceability and ESG documentation, and building credibility with partners across Asia, Europe, the US and the Gulf to secure sustainable supply chain integration.

Exploration & Geological Data:

Unlocking Nigeria’s Exploration Potential

This session explores how investment grade datasets, AI driven discovery and geoscience portals can unlock capital for Nigeria’s mining sector. Experts highlight data standards, licensing simplification and environmental safeguards to accelerate investor confidence and global competitiveness within 12 months.

Financing & Investment:

Financing Exploration & Junior Mining Companies

This session examines Nigeria’s data room requirements, capital structures and licensing reforms to attract investment. Experts highlight clean titles, ESG credibility, traceability and offtake signals as essential for DFIs, investors and global buyers to commit confidently within tight timelines.

Our new Critical Minerals Forum will focus on the minerals needed for the global energy transition, such as lithium, REEs, graphite, copper, and other battery or tech minerals

Industrialisation:

From Ore to Industry – Beneficiation & Refining

This session focuses on commissioning strategies for Nigeria’s lithium and gold projects, contracting for feed security, realistic OPEX benchmarks, and training partnerships. Experts outline pathways from first product to battery grade chemicals and value added metals supported by regulatory adjustments.

Gemstones:

Developing Nigeria’s Gemstone Value Chains

Exploring the formalisation of Nigeria’s artisanal gemstone mining through cooperatives, traceability and certification, experts will highlight international grading standards, models from Tanzania and Zambia, domestic gemstone clusters and incentives to attract global buyers, processors and jewellery manufacturers.

Policy, Regulation & Governance:

Building a Clear, Predictable and Competitive Policy Environment

Nigeria’s mining sector needs regulatory reforms to strengthen licensing predictability, improve contract stability, enhance transparency through NEITI and MCO, align beneficiation and ASM formalisation with global standards, and draw lessons from Zambia, Namibia, Botswana and Ghana to boost investor confidence.

ESG & Sustainability:

ESG that Wins Investments

This session will focus on how Nigeria must define evidence grade traceability for US and EU buyers, adopt global water and tailings practices, apply CDA designs from Ghana Botswana and Peru, meet gender inclusion KPIs within 12 months, and secure independent assurance to strengthen financing and offtake terms.

Infrastructure & Power Integration:

Power to Mines & Logistics for Industrialisation

This session will examine IPP and cogen models from India Australia and Brazil, lessons from the Lobito Corridor for Nigerian rail port power integration, ballast and aggregate standards, digital logistics tools to reduce losses, and PPP structures enabling long tenor corridor financing.

Side events and forums

Other well-known side events and forums that make a welcome return to Nigeria Mining Week and always add to the engaging atmosphere include:

  • The Gold Forum
  • The Steel & Industrial Minerals Forum
  • The Women in Extractive Industries Forum
  • The CEO Roundtable
  • The Deal Room
  • – Project Showcase & Private Capital Engagement

Industry support

Over the last 11 years, Nigeria Mining Week has become thé gathering place for many mining pioneers and suppliers, and many have become longstanding partners of the Abuja gathering. Titan Minerals Ltd is returning as the diamond plus sponsor; KMDC, Kursi, Lovol, Sinogrand, and XCMG have already signed up as diamond sponsors; and SMT Nigeria is back as a platinum sponsor.

The event will gather 3,000+ attendees, 75+ world class speakers and 150+ exhibitors and solution providers. Countries that are expected to have a strong presence with international pavilions are UK, EU, US, China, UAE, Canada, South Africa and India.

The Nigeria Mining Week conference and expo is organised by the Miners Association of Nigeria, in partnership with PwC, VUKA Group and Mining Review Africa, with the Nigerian Ministry of Mines and Steel Development as official host. NEITI is the event’s transparency partner.

DOWNLOAD THE BROCHURE (https://apo-opa.co/4yPtbdV)

Distributed by APO Group on behalf of VUKA Group.

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Customer Experience Management (CEM) Africa 2026 Welcomes Three Influential Global Speakers

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CEM

Together, they represent three distinct but complementary perspectives on leadership, customer experience and business transformation

I am particularly keen to explore Cape Town’s seamless integration of global brands and unique local retailers, alongside its exceptional culinary scene and vibrant public spaces

CAPE TOWN, South Africa, July 28, 2026/APO Group/ –CEM Africa, Africa’s leading customer experience conference, has announced three internationally respected speakers who will take to the stage at CEM Africa 2026, taking place from 18 – 20 August 2026 in Cape Town.

 

Bringing together senior leaders from customer experience, marketing, digital transformation, retail, customer service and business strategy, CEM Africa continues to attract influential voices who challenge conventional thinking and share practical insights that organisations can apply to create stronger customer relationships and better business outcomes.

Joining this year’s programme are Martin Urrutia, Global Head of Retail Experience at The LEGO Group; Bruce Whitfield, one of South Africa’s most respected business journalists and best-selling authors; and Zahirah Variawa, Emmy-nominated television presenter, award-winning travel producer and destination marketing strategist.

Together, they represent three distinct but complementary perspectives on leadership, customer experience and business transformation.

Creating World-Class Customer Experiences

Making his South African debut at CEM Africa, Martin Urrutia brings extensive global expertise in retail experience design and customer engagement.

As the Global Head of Retail Experience at The LEGO Group, Martin leads the development of retail concepts and customer experiences that strengthen one of the world’s most recognised brands. His work demonstrates how thoughtful experience design, innovation and brand strategy can be translated into commercially successful customer experiences across global markets.

During his session, Martin will share practical insights into designing memorable retail experiences that strengthen customer relationships while delivering measurable business value.

Speaking ahead of his visit to Cape Town, Martin said:

“During my visit to Cape Town, I look forward to engaging with the city’s authentic experiences, local culture, and distinctive destinations, all of which continue to inform and inspire the retail and brand experiences I create. I am particularly keen to explore Cape Town’s seamless integration of global brands and unique local retailers, alongside its exceptional culinary scene and vibrant public spaces — environments that foster connection, discovery, and new perspectives.”

Leadership in an Age of Uncertainty

Bruce Whitfield has built a reputation as one of South Africa’s most trusted business commentators, interviewing some of the world’s leading executives, entrepreneurs and innovators throughout his career. Drawing on decades of experience covering business, leadership and economic change, Bruce will explore how leaders can make better decisions, embrace uncertainty and identify opportunity in rapidly changing environments.

His keynote will challenge delegates to rethink how resilience, adaptability and decisive leadership can become competitive advantages in today’s business landscape.

The Power of Storytelling to Shape Experiences

Joining the programme is Zahirah Variawa, whose career spans more than 16 years across Africa, the Middle East and international markets.

An Emmy-nominated television presenter, award-winning travel producer, content creator and destination marketing strategist, Zahirah has partnered with tourism boards, governments, airlines and luxury hospitality brands to shape how destinations are experienced and remembered. Beyond broadcasting, she advises governments and international organisations on destination marketing strategy, facilitates industry dialogue and champions tourism as a catalyst for economic growth across Africa.

At CEM Africa 2026, Zahirah will explore how storytelling, human connection and authentic experiences influence perception, build trust and create lasting emotional connections. Her session will demonstrate why the principles of destination branding and experience design are increasingly relevant to organisations seeking to differentiate themselves through customer experience.

A Platform for Africa’s Customer Experience Leaders

The announcement reinforces CEM Africa’s position as the continent’s premier gathering for senior customer experience professionals, bringing together business leaders to explore the ideas, strategies and innovations shaping the future of customer engagement.

From world-class retail innovation and leadership to the power of storytelling, delegates will gain practical insights from speakers whose experience extends well beyond traditional customer experience disciplines. Together, they demonstrate that exceptional customer experiences are shaped by design, strengthened by leadership and brought to life through authentic human connection.

CEM Africa 2026 takes place in Cape Town from 18–20 August 2026, bringing together senior decision-makers from financial services, retail, telecommunications, healthcare, technology, government and other leading industries for three days of learning, networking and business collaboration.

For more information and to register, visit the CEM Africa website.

CEM Africa.com (https://apo-opa.co/4wtCFtN)

View the event programme https://apo-opa.co/4wr3j6r

Ticket Options https://apo-opa.co/4bgs9gQ

Distributed by APO Group on behalf of VUKA Group.

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Energy

Gabon Opens the Next Chapter of Offshore Growth as Hydrocarbons Minister Clotaire Kondja Joins African Energy Week (AEW) 2026

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African Energy Chamber

Gabon Petroleum and Gas Minister Clotaire Kondja will speak at AEW 2026, highlighting offshore expansion, gas reforms and new investment opportunities across the country

CAPE TOWN, South Africa, July 27, 2026/APO Group/ –Clotaire Kondja, Gabon’s Minister of Petroleum and Gas, has been confirmed as a speaker at African Energy Week (AEW) 2026, bringing one of Central Africa’s foremost architects of upstream reform to the continent’s premier energy investment event. Since taking office in January 2026, Minister Kondja has accelerated efforts to attract international capital, unlock Gabon’s largely untapped offshore potential and commercialize its substantial natural gas resources.

Taking place in Cape Town from October 12‒16, AEW 2026 serves as the continent’s leading platform for energy investment, convening government leaders, operators, financiers and technology providers to drive deals across Africa’s oil, gas and energy sectors. With more than 2 billion barrels of proven oil reserves and significant untapped offshore acreage, Gabon continues to offer prolific investment opportunities that will be showcased to global investors in Cape Town.

Around 72% of the country’s deepwater acreage remains unexplored, and the government is actively opening new opportunities for investors. Speaking at the Invest in African Energy Forum in Paris in April, Minister Kondja confirmed that Gabon expected to finalize PSCs with ExxonMobil and bp, converting MoUs signed in October 2025 into active deepwater exploration licenses. The government’s modernized Hydrocarbons Code and enhanced fiscal framework are further strengthening the investment case, creating competitive conditions for companies pursuing frontier exploration, mature field redevelopment and long-term production growth.

Minister Clotaire Kondja is leading a new era of investment across Gabon’s oil and gas sector through competitive reforms, frontier exploration and strategic gas development

Upstream investors are targeting frontier offshore blocks and redevelopment of mature assets, while midstream opportunities include new pipelines, storage infrastructure and refinery upgrades. At the same time, the government’s gas modernization agenda is opening investment across LNG exports, gas-to-power projects and downstream industrial gas applications as Gabon positions itself as a regional petroleum and gas hub. The government has also eliminated signature bonuses for deepwater and ultra-deepwater blocks while launching a 2026 licensing campaign covering roughly 70% of the country’s available offshore acreage.

A new investor-friendly Gas Code is under development, complemented by plans for a 130‒150-km pipeline linking Gamba to Libreville by early 2028. The strategy is supported by Perenco’s $2 billion Cap Lopez LNG project, expected to begin operations in 2026 through an FLNG facility capable of producing 700,000 tons of LNG and 25,000 tons of LPG annually while significantly reducing gas flaring.

Investment activity is gathering pace across the sector. BW Energy, Panoro Energy and Gabon Oil Company approved the $300 million Bourdon offshore development in May 2026, targeting first oil in the first quarter of 2028 from approximately 25 million barrels of recoverable reserves. BW Energy and Panoro Energy are also progressing the MaBoMo Phase 2 development, expected to deliver first oil during the first half of 2027, while Assala Energy’s Magoga-A discovery confirmed 8m of net oil play in the Gamba Sandstone formation. Meanwhile, investment continues to accelerate across the midstream segment through planned gas gathering infrastructure, expanded storage capacity and refinery modernization, supporting the government’s ambition of building an integrated petroleum industry while capturing greater value from domestic gas production.

“Minister Clotaire Kondja is leading a new era of investment across Gabon’s oil and gas sector through competitive reforms, frontier exploration and strategic gas development. As Gabon opens new offshore opportunities and advances major infrastructure projects, his insights at AEW 2026 will be invaluable for investors looking to participate in one of Africa’s most dynamic energy markets,” says NJ Ayuk, Executive Chairman, African Energy Chamber.

Beyond showcasing Gabon’s investment agenda, Minister Kondja’s participation will contribute to broader discussions on how African producers can remain globally competitive amid shifting capital flows, evolving energy demand and growing pressure to deliver long-term energy security. His perspective will add to high-level dialogue between policymakers, operators and financiers focused on accelerating investment and strengthening Africa’s role in the global energy landscape.

Distributed by APO Group on behalf of African Energy Chamber.

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