Hong Kong’s business community has long recognised the geopolitical and economic challenges we face daily, and I, along with many others, have frequently shared my perspectives on these.

In today’s fast-changing world, some industries will fare better than others. For example, the food and beverage sector might find it remarkably difficult to return to its dynamic past, as the city’s operating costs are very high compared to in Shenzhen. In contrast, the prospects for our financial and professional services remain good.

On this, Xia Baolong, Beijing’s top official on Hong Kong affairs, provided timely insight at the recent Hong Kong Business Leaders Symposium in Shenzhen, which was attended by around 50 business and government leaders.