MTR Corp boss Jacob Kam elected chairman of Hong Kong’s largest business chamber

Jacob Kam Chak-pui, 64, took over as chairman of the Hong Kong General Chamber of Commerce on Wednesday following an election among members, expressing “strong confidence” in the city’s economic development.

Kam, previously the chamber’s vice-chairman, said he believed the market outlook was rebounding as the global macroeconomic environment and major-power geopolitics showed signs of stabilising.

He added that the accelerating integration of the Greater Bay Area

, together with the emerging markets in the Belt and Road Initiative

– such as Central Asia, the Middle East and Southeast Asia – would create unprecedented growth opportunities for Hong Kong.

Kam said he was honoured to have been elected and pledged to work together with chamber members, the business community and the government to boost Hong Kong’s business environment and global competitiveness.

He succeeds Agnes Chan Sui-kuen, who stepped down after serving two one-year terms.