Hong Kong General Chamber of Commerce holds Silver Economy Summit, the industry is optimistic about new opportunities in the elderly market

China News Service, Hong Kong, October 14 (Reporter Dai Xiaolu) The Hong Kong General Chamber of Commerce Silver Economic Summit was held in Hong Kong on the 14th. Participants said that with the evolution of the population structure, Hong Kong has entered a new era of longevity. The large-scale elderly group with considerable consumption power has given rise to huge space for the development of the silver economy.

Yau Ying-wah, Secretary for Commerce and Economic Development of the Hong Kong SAR Government, said that as of mid-2025, the population of Hong Kong aged 65 and above has reached close to 1.8 million, accounting for nearly a quarter of the total population. This number is expected to rise to 2.74 million by 2046, accounting for 36% of the total population. The silver economy is not limited to elderly care services, but also radiates into diverse life scenarios such as catering, retail, cultural tourism and leisure, medical health, wealth planning, and technology applications.

Feng Kang, director of the Golden Age Foundation, said that overseas experience shows that through cross-sector linkage and the participation of the business community, social innovation forces, and retired groups, a large number of innovative projects for active aging can be spawned. He looks forward to Hong Kong building more cross-sector exchange platforms to stimulate local innovation vitality.

A corporate survey released by the Hong Kong General Chamber of Commerce on the 12th showed that the industry is generally optimistic about the development prospects of the silver industry. Hong Kong has an internationally recognized legal supervision and consumer protection system, and the safety and quality of its products and services are widely recognized. These institutional advantages not only serve the local market of Hong Kong, but also become an important foundation for the expansion of cross-border silver hair business in the Guangdong-Hong Kong-Macao Greater Bay Area. More than 70% of the companies surveyed judged that sustainable concepts, innovative iterations and consumption upgrades will become the core driving forces of new business models in the silver field; the elderly consumer market, innovative technologies for seniors, and elderly-friendly built environments are listed as the three growth tracks that companies prioritize.