橫琴誌 | HENGQIN RECORD

Duncan Chiu named Chief Representative of the Hengqin Economic & Trade Representative Office (Hong Kong)

Duncan Chiu, President of the Hong Kong Information Technology Joint Council, has been named Chief Representative of the Hengqin Economic & Trade Representative Office (Hong Kong). The Administrative Committee of the China (Guangdong) Pilot Free Trade Zone (FTZ) in Hengqin New Area hosted the appointment ceremony in Hong Kong.

Chiu is also a co-Founder and Managing Director of Radiant Venture Capital and Chairman of Lai Yuen Company Limited. His father, Deacon Chiu, founded Far East Bank, which merged with Bank of East Asia in 2000.

The Hengqin Economic & Trade Representative Office (HK) has been deepening economic and trade cooperation between Hong Kong and Guangdong since it was founded in 2015. Through customized investment services, it has successfully attracted 975 Hong Kong-invested enterprises to locate in Hengqin over the past three years including 379 in 2017 alone. Their combined registered capital is ¥105.8 billion (US$16.8 billion).

When the Hong Kong-Zhuhai-Macau Bridge opens, the closer connection will unlock Hengqin New Area’s growth potential.

According to the speech of  Yang Chuan, director of the Administrative Committee of Hengqin New Area, on the ceremony, last year Hengqin had a GDP of ¥18.4 billion (US$2.9 billion), up 11.6% on 2016 levels. This is due to good business relations with Zhuhai, Macau and Hong Kong, as well as an increased number of Hengqin-registered Hong Kong companies.

In preparation of serving more companies, upgrades are being made to support services at the ¥26 billion (US$4.1 billion) Hengqin Port Comprehensive Transportation Hub. Construction of an 80-hectare logistics park to strengthen trilateral cooperation in international trade, warehousing, logistics and e-commerce is planned

A list of 68 honorary advisers was also announced at Chiu’s ceremony. It includes Chairman of Lai Sun Group, Peter Lam Kin-ngok; Managing Director of Shun Tak Holdings Limited, Pansy Ho; and the current President of the Legislative Council of Hong Kong, Andrew Leung Kwan-yuen.

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