Hong Kong This Week: Trade Fair Attracts 400+ Brands, Athletes Prepare for Asian Games
Thestandard · 1 SOURCESabout 2 hours ago2 MIN
Summary
Hong Kong is hosting a major three-day restaurant trade show featuring over 400 food, beverage and hospitality brands from 11 countries and regions, highlighting the industry's focus on new products, technology and cross-border business opportunities. The city is also preparing to send approximately 580 athletes to compete across 38 sports at the Aichi-Nagoya Asian Games this month, though officials acknowledge logistical challenges due to the absence of a conventional athletes' village and widely dispersed venues. The 45th Hong Kong Watch and Clock Fair and the 14th Salon de TIME kicked off on Tuesday with more than 630 exhibitors from 16 countries and regions. Philippine fast food giant Jollibee Foods Corp announced plans to spin off and list its international operations on the Hong Kong Stock Exchange, abandoning earlier plans for a US listing. Macau's gross gaming revenue fell 1.2 percent year-on-year to 21.89 billion patacas in August, marking the third consecutive monthly decline.
Key Points
- Over 400 food, beverage and hospitality brands from 11 countries and regions are participating in a three-day restaurant trade show in Hong Kong
- Hong Kong will send about 580 athletes to compete across 38 sports at the Aichi-Nagoya Asian Games this month
- The 45th Hong Kong Watch and Clock Fair opened with more than 630 exhibitors from 16 countries and regions
- An ex-committee member of Wang Fuk Court and his wife were charged with allegedly defrauding the Special 100% Loan Guarantee scheme of about HK$330,000
- Tropical Cyclone Saudel approaching eastern Guangdong has kept the Standby Signal No. 1 in force through Wednesday morning
- Sino Land recorded a 14 percent rise in net profit to HK$4.6 billion for the year ended June, with final dividend unchanged at 43 HK cents
Why It Matters
The convergence of major trade events and sporting preparations signals Hong Kong's continued relevance as a regional hub for both commerce and athletics. The Jollibee listing decision reflects growing confidence in Hong Kong's capital markets among Asian multinational corporations, while Macau's gaming revenue decline warrants monitoring for broader economic implications in the Greater Bay Area .
The convergence of major trade events and sporting preparations signals Hong Kong's continued relevance as a regional hub for both commerce and athletics. The Jollibee listing decision reflects growing confidence in Hong Kong's capital markets among Asian multinational corporations, while Macau's gaming revenue decline warrants monitoring for broader economic implications in the Greater Bay Area .