Hong Kong Financial Secretary Visits Australia

A high-level Australian trade mission, led by Macquarie Group CEO Shemara Wikramanayake, is visiting the Philippines to explore investment opportunities in key sectors like agrifood and infrastructure, aiming to bolster economic ties between Australia and the Philippines. Concurrently, Hong Kong's Financial Secretary Paul Chan Mo-po is on a five-day trip to Australia to promote the city as a trade partner, focusing on emerging industries such as biomedical technologies and green energy. Chan aims to attract Australian investments and strengthen cooperation in green technology, highlighting Hong Kong's strategic advantages as a processing hub for Australian exports. Both missions reflect a renewed interest in deepening economic relationships in the Asia-Pacific region, with Australia seeking to expand its influence in the Philippines and Hong Kong enhancing its trade prospects. Chan's visit will include meetings with local businesses and participation in an Asia Summit, while the Australian delegation plans to engage with senior Philippine officials and local business leaders. The broader goal for both missions is to position their respective regions as attractive destinations for investment and collaboration.