Speech by SCED at HKGCC Silver Economy Summit (English only)

Following is the speech by the Secretary for Commerce and Economic Development, Mr Algernon Yau, at the Hong Kong General Chamber of Commerce (HKGCC) Silver Economy Summit today (October 14): Mr Douglas Woo (Vice Chairman of the HKGCC), Mr Zhou (Deputy Director-General of the Economic Affairs Department and Head of the Commercial Office of the Liaison Office of the Central People's Government in the Hong Kong Special Administrative Region, Mr Zhou Qiang), distinguished speakers and guests, ladies and gentlemen, Good morning. It gives me great pleasure to join you at the HKGCC Silver Economy Summit. I would like to thank the HKGCC for organising this timely Summit and bringing together leaders from business, finance, healthcare, technology, professional services and other sectors. The diversity of expertise represented here demonstrates that the silver economy offers opportunities across a wide range of sectors. Hong Kong is entering a new era of longevity. As at mid-2025, there were nearly 1.8 million persons aged 65 and above in Hong Kong, accounting for almost one quarter of our population. By 2046, this figure is projected to rise to 2.74 million, or 36 per cent of the populatio

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