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New harbourfront space opens

The Development Bureau announced that the Pierside Precinct near Wan Chai Ferry Pier further opened today, providing a nostalgic harbourfront leisure space with a panoramic view of Victoria Harbour for the public.   Being the 12th harbourfront leisure space that opened since October last year, the newly opened area is located to the east of the ferry pier on a harbour site reclaimed for the construction of the Central-Wan Chai Bypass.   The bureau said under the incremental approach, a 180-metre-long promenade of the precinct opened earlier in March, followed by the opening of a further 80m in October.   With an area of about 4,600 sq m, the newly opened part has almost doubled the precinct's original space.   In contrast to the colourful cartoon style adopted at other harbourfront sites opened earlier in Western District and Wan Chai, the precinct mainly comprises simple fair-faced concrete and wooden structures.   It features a stylish touch with its clear and rectiline

Euro trade reps briefed

Secretary for Commerce & Economic Development Edward Yau today updated the European Union (EU) trade commissioners and representatives of European chambers of commerce in Hong Kong on the city's business outlook and initiatives related to commerce and trade in the 2021 Policy Address.   At a business breakfast organised by the European Union Office to Hong Kong & Macao today, Mr Yau said that the EU is one of Hong Kong's largest trading partners in goods and services and has established close trade relations with Hong Kong over the years.   He noted that Hong Kong is a free and open economy with a robust legal system and a highly internationalised business environment.   Mr Yau added that being an ideal gateway for business and investment on the Mainland and the Asia Pacific region, Hong Kong will continue to strive to help businesses, both local and international, grasp the tremendous opportunities arising from the development of the Mainland as well as its integration with the region and the global market.   He cited the results of the two latest annual surveys conducted by Invest Hong Kong and the Census & Statistics Department to demonstrate the vibrant business environment of Hong Kong.   The number of business operations in Hong Kong with parent companies overseas or on the Mainland reached 9,049 and the number of startups in Hong Kong was 3,755 in 2021, both reaching record highs.   Mr Yau noted that these figures demonstrate fully that despite the impact of the COVID-19 epidemic, Hong Kong remains an ideal place for companies to set up or expand their businesses, as well as for startups to flourish.   He also pointed out that Hong Kong's trade performance displayed resilience despite the COVID-19 epidemic, with Hong Kong's global ranking in terms of total merchandise trade value rinsing to sixth place last year.   Benefitting from stable supply chains maintained through effective control of the epidemic on the Mainland, the value of Hong Kong's total merchandise trade has rebounded since the fourth quarter of last year and hit a record high of $6.5099 trillion for the first eight months of this year, Mr Yau said.   He also highlighted the support measures for the convention and exhibition (C&E) industry in the Policy Address.   The validity period of the Convention & Exhibition Industry Subsidy Scheme has been extended for six months to the end of 2022. Funds have also been allocated under the scheme to provide one-off immediate relief to eligible private exhibition organisers.   In the long run, the Government will expand C&E facilities.
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