The Government today announced the appointment of Prof Frederick Ma to succeed Peter Lam as Chairman of the Trade Development Council from June 1, 2025, to May 31, 2027.

Secretary for Commerce & Economic Development Algernon Yau said with extremely profound experience in public service as well as the commercial sector, Prof Ma is well suited for taking up the council chairmanship.

Mr Yau expressed confidence that Prof Ma would lead the council to make every effort in assisting enterprises to embrace the challenges arising from the ever changing global trading landscape and actively tap new markets and business opportunities, with a view to further promoting Hong Kong's development as an international trade centre.

The commerce chief also thanked Mr Lam for his tremendous contributions during his tenure in promoting Hong Kong's advantages and opportunities.

He added that under Mr Lam's chairmanship, the council has successfully promoted Hong Kong as a two way global investment and business hub and assisted Hong Kong companies in further exploring the business opportunities in the Mainland and overseas brought by the nation's dual circulation strategy, with outstanding achievements particularly in promoting the city in the Guangdong-Hong Kong-Macao Greater Bay Area and emerging markets under the Belt & Road Initiative.