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Hong Kong has fully regained its vibrant energy and dynamic spirit, making it the ultimate destination for unforgettable experiences this March. Hong Kong Super March sees the city shine brighter than ever, offering an exhilarating mix of world-class sports, arts & culture, and a series of prestigious global business events:

The inaugural Cathay/HSBC Hong Kong Sevens (Mar 28-30) held at the newly opened Kai Tak Stadium came to a rousing close, with thrilling victories in front of over 110,000 spectators over the three days of intense competition as well as non-stop entertainment and family fun. Argentina men’s team triumphed over France 12-7 to claim its first-ever Hong Kong Sevens title while New Zealand won the women’s tournament, defeating Australia 26-10. Hong Kong clinched the men’s and women’s Melrose Claymores titles, beating China and Kazakhstan respectively. To commemorate the 100th anniversary of Hong Kong’s aviation history that took flight from the old Kai Tak Airport, a Cathay Pacific A350 passenger jet took part in a special demonstration flight that flew low on Mar 30 across Victoria Harbour and past Kai Tak Stadium during the Hong Kong Sevens, evoking memories of the days when planes took off and landed in the old Kai Tak Airport. 

The Wealth for Good in Hong Kong Summit (Mar 26), the flagship event of the Wealth and Investment Mega Event Week, attracted some 360 influential global family office principals, visionary leaders and industry pioneers to explore how wealth can drive social progress and sustainable impact. Financial Secretary Paul Chan said Hong Kong is an ideal place for family offices to thrive, citing the city’s robust network of world-class financial service professionals and an extensive array of investment opportunities. He also highlighted the city’s investment to propel development in innovation and technology.

Secretary for Financial Services & the Treasury Christopher Hui emphasised that the event reaffirmed Hong Kong’s stature as a pre-eminent global hub for family offices, with over 2,700 single family offices. The city is a “super connector” between East and West, where vision, capital and passion can flourish.

The summit featured a distinguished lineup of international speakers who shared insights on the transformative power of wealth. Many speakers rated Hong Kong highly as an ideal place for setting up family offices. Alibaba Group Co-founder & Chairman Joe Tsai said Hong Kong’s free-market DNA, vibrant financial markets, and supportive tax environment stand out, making it one of the best places for businesses and family offices to thrive. The summit concluded with a gala dinner where attendees engaged in discussions about family legacies and opportunities.

Bloomberg Summit sees digital family office platform launch

Secretary for Financial Services & the Treasury Christopher Hui launched the Hong Kong Family Office Nexus Digital Knowledge Hub at the inaugural Bloomberg Family Office Summit (Mar 27). This new digital platform, part of the Hong Kong Family Office Nexus initiative, serves as the go-to resource for family offices. Noting that family offices are shaping the future of global wealth management with Hong Kong at a unique position to support their growth, Mr Hui said he looks forward to seeing family offices thrive in the city and contribute to the broader financial and philanthropic landscape. Head of Asia Pacific at Bloomberg Bing Li said Hong Kong is fast becoming one of the world’s most attractive destinations for new and growing family offices, adding that the knowledge hub is a small but important step in providing support to the family office community.

One Earth Summit seals Hong Kong’s position in green finance

As Asia’s premier international financial centre and a leader in green finance, Hong Kong is well positioned to make significant contributions to regional and global decarbonisation efforts, said Financial Secretary Paul Chan at the One Earth Summit (Mar 28). He highlighted Hong Kong’s deep capital markets and broad investor base, noting that for seven consecutive years, the city has ranked first in the Asian market in terms of green bond issuance, capturing 45% of the market last year. The city is pursuing innovative financing solutions, such as tokenised green bonds and securitised infrastructure loans, to diversify its product offerings and attract new investors. Hong Kong’s vibrant ecosystem with over 300 green tech start-ups has seen their innovative solutions capturing interest in overseas market. He reiterated that despite setbacks in climate initiatives elsewhere in the world, Hong Kong remains steadfast in its commitment to regional and international collaboration for concrete and credible climate action. 

Milken Symposium highlights Hong Kong’s resilience

In his remarks at the Milken Institute Global Investors' Symposium in Hong Kong (Mar 24), Financial Secretary Paul Chan emphasised Hong Kong’s resilience, pointing out that the city remains one of the world’s most open, dynamic and globally connected financial centres. He said Hong Kong’s economy is marking forward with renewed momentum as the city continues to implement reforms to strengthen the vitality and competitiveness of its financial markets in areas such as fundraising, asset and wealth management and insurance; opening up new markets and new capital channels and focusing on innovation and technology, driven by artificial intelligence. 

HSBC Summit reinforces Hong Kong's international financial centre status

Delivering remarks at the HSBC Global Investment Summit (Mar 25), Acting Chief Executive Eric Chan said Hong Kong is continuing to enhance its role as an international financial centre through various measures such as enhancing gold storage facilities and offshore Reminbi liquidity; optimising trading and regulatory mechanisms, and expanding distribution channels for private equity funds. Hong Kong is also encouraging the private sector to organise more mega-events to showcase the city’s energy and business opportunities, including green and sustainable finance. The three-day Summit attracted some 4,300 participants. 

Hong Kong art fairs Art Basel Hong Kong (Mar 28-30) and Art Central (Mar 26-30) concluded successfully, attracting collectors, curators, artists and patrons from around the world. Art Basel Hong Kong, featuring more than 240 world-class galleries from 42 countries and territories and presenting masterworks by established artists and emerging talents from around the world, welcomed 91,000 visitors. Celebrating Hong Kong’s thriving art ecosystem, this year’s fair saw strong institutional attendance, with representatives from leading global museums such as the Museum of Modern Art (New York), Mori Art Museum (Tokyo), and M+ (Hong Kong), reinforcing the fair’s role as a vital platform for international cultural exchange. Galleries also reported strong sales across all segments, placing works by celebrated artists including Yayoi Kusama, Zeng Fanzhi, and Tracey Emin into major private and institutional collections. Art Basel Hong Kong returns from Mar 27 – 29, 2026. Separately, the 10th edition of Art Central featured a record-high 108 local and international galleries. This year’s event featured new offerings such as “Legend”, spotlighting artists born before 1970, “Neo” section introducing new galleries and emerging talents, alongside enriched video art programmes, lectures and live performances.

Museum Summit 2025 successfully concludes

An international mega event in the museum sector, the Museum Summit 2025 (Mar 28-20), drew a record-high of over 7,000 registration, with one-third of them from 39 countries. The Summit, themed “Going Beyond”,  brought together over 30 cultural leaders and professionals from renowned museums and institutions across 17 countries to exchange and share their professional experiences, research findings and innovative concepts, as well as delegations comprising over 40 museum practitioners from the Guangdong-Hong Kong-Macao Greater Bay Area Museum Alliance and ASEAN (Association of Southeast Asian Nations). This year’s Summit highlighted the transformative power of museums to connect people with heritage, incorporating cultural tourism and social wellness in its dialogues, alongside the need to leverage technological advancements and achieve sustainability as its themes.

Hong Kong retained its third place position globally and ranked first in the Asia-Pacific in the Global Financial Centres Index 37 Report published (Mar 20) by the UK’s Z/Yen and the China Development Institute. The city’s overall rating rose 11 points to 760, narrowing the gap with the top-ranked New York. Its rankings in human capital, infrastructure, and financial sector development rose to second in the world, while rankings in business environment, and reputational and general rose to third globally. Hong Kong also ranked first globally in investment management, insurance, and finance, and ranked third in banking. In fintech, Hong Kong jumped five places to fourth in the world. The Hong Kong Special Administrative Region (HKSAR) Government said the report fully recognises Hong Kong’s leading status and strengths as an international financial centre, noting that with the country’s staunch support, it will leverage the advantages under “one country, two systems”, actively integrate into the national development and deepen international co-operation to fulfil its roles as a “super connector” and “super value-adder”.

Penn Wharton China Summit hears updates on Hong Kong

Speaking at the 2025 Penn Wharton China Summit (Mar 29) at the University of Pennsylvania, Director of the Hong Kong Economic and Trade Office in New York Maisie Ho provided an update on the latest developments in Hong Kong. She highlighted Hong Kong’s dynamic economy, pointing out that Hong Kong is the world’s freest economy, ranking 1st in investment environment and 3rd for emerging startups, adding that the city offers numerous opportunities for talent worldwide. Beyond its traditional strengths in finance, trade, and legal services, Hong Kong is also a leader in innovation and technology, driven by the government’s forward-looking policies that embrace blockchain, Web3, and AI. Stressing that Hong Kong is the only place in the world with both global and China advantages, she encouraged attendees to seize the opportunities the city has to offer. The event also featured speakers from the academic, business and finance sectors, including the former president of The Hong Kong University of Science and Technology and third president of King Abdullah University of Science and Technology Professor Tony Chan. 

Hong Kong launched its first batch of 38 low-altitude economy (LAE) Regulatory Sandbox pilot projects, covering fields and application scenarios, such as emergency and rescue, logistics and distribution, inspections and safety maintenance, surveillance, and low-altitude infrastructure. The projects are being implemented by enterprises, research institutes, public utilities and government departments. Officiating at the launch event (Mar 20), Chief Executive John Lee said the LAE will foster various emerging industries, and opens up a wide range of application scenarios with great potential. It will strengthen city management and business efficiency, and create a whole new experience of smart living for the public, making it an important growth engine for the economy and creating a new era of a “smart sky”. 

Stricter rules on power banks on aircraft

To further enhance aviation safety, Hong Kong’s Civil Aviation Department has introduced stricter regulations on the carriage of lithium battery power banks on aircraft. Starting from Apr 7, passengers travelling on Hong Kong airlines will be prohibited from using power banks to charge other portable electronic devices, and recharging power banks during flight. Stowage of power banks in the overhead compartments is also prohibited. This is due to concerns over recent safety breaches suspected to have been caused by passengers carrying and using power banks on aircraft.

Four of the world’s leading football clubs - Liverpool, AC Milan, Arsenal and Tottenham Hotspur - will participate in the Hong Kong Football Festival 2025, to be held at Kai Tak Stadium in the last week of July. They will be the first international football clubs to play at the world-class new stadium at Kai Tak Sports Park. Secretary for Culture, Sports and Tourism Rosanna Law said the soccer extravaganza represents so much more than two football matches, pointing out that this is a celebration of Hong Kong and Asia’s longstanding passion for the sport.

Topping out ceremony held for Hong Kong Park in the Loop

A topping-out ceremony was held (Mar 21) for three buildings in Phase 1 of the Hong Kong Park area of the Hetao Shenzhen-Hong Kong Science & Technology Innovation Co-operation Zone. Chief Executive John Lee said the Hong Kong Park is a “super platform” that will help Hong Kong serve as a “super connector” and a “super value-adder”. The Park will leverage on Hong Kong’s advantages as an international city and talent hub to build the Hetao Co-operation Zone into a bridgehead for innovation and technology, and a showcase and incubator for high-end achievements. Spanning 87 hectares, the park will be developed in two phases. Following the completion of the above-mentioned three buildings, it will enter into its operational phase when the first batch of tenants from pillar industries such as life and health technology, artificial intelligence, and data science, move in from the second half of this year. The construction of another five buildings is currently underway.

The Hong Kong Environmental Database, developed by the Environmental Protection Department, has won the 2025 “Corporate Initiative Award” from the International Association for Impact Assessment (IAIA). The recognition highlights the HKSAR Government’s use of innovative technology to support the environmental impact assessment (EIA) process. The database uses geographic information system and three-dimensional mapping to integrate over 100 types of environmental data, significantly reducing the data collection time for preparing EIA reports. It tracks environmental changes over time and provides online tools and datasets, such as air quality, water quality and traffic noise. Since its launch, the HKED has attracted over 20,000 users annually and supported more than 100 EIA and planning projects. 

Hong Kong joins rescue work in Myanmar

The HKSAR Government sent a 51-strong search and rescue team to Myanmar to assist in the search and rescue work in the earthquake-stricken areas. Apart from two search and rescue dogs, the team is also taking around nine tonnes of equipment, including life detectors and masonry cutting machines, an automatic satellite tracking antenna system for network connection, and team members’ daily necessities. Upon their arrival in Myanmar, the team will join local rescue teams to start search and rescue work. In addition, the HKSAR Government has immediately reserved US$3.8 million (HK$30 million) from the Disaster Relief Fund for emergency relief support.

The HKSAR Government, in a statement, strongly condemns the United States for including six Central Authorities and HKSAR officials in a so-called "sanctions" list in an attempt to intimidate the relevant officials safeguarding national security. It reiterated that the HKSAR Government has the responsibility to pursue, in accordance with the law, those who are suspected to have committed offences endangering national security and absconded overseas. The HKSAR law enforcement agencies have been taking law enforcement actions based on evidence and strictly in accordance with the law in respect of the acts of the persons or entities concerned regardless of their political stance, background or occupation. 

The Basic Law (BL) is the constitutional document of the HKSAR. It provides the guarantees to maintain our existing way of life, including socio-economic development, the rights and duties of Hong Kong people, the rule of law and other areas. The Basic Law was put into effect on July 1, 1997.

Q: Which article of the Basic Law states that the HKSAR exercises a high degree of autonomy?

A: According to Article 12 of the Basic Law, the HKSAR shall be a local administrative region of the People’s Republic of China, which shall enjoy a high degree of autonomy and come directly under the Central People’s Government.