The rebound of the global economy will hinge crucially on the development of COVID-19.  Other risk factors such as the China-US relations and geopolitical tension also warranted attention.  With the pandemic gradually alleviated alongside the mass vaccination campaigns, the business and consumer confidence can hopefully see broader improvement later this year.  It is envisioned that the improving global economic conditions in particular the Mainland, the major driver of global growth, should continue to support Hong Kong’s external segments in the long term.  Furthermore, the development of the Guangdong-Hong Kong-Macao Greater Bay Area, the Belt and Road Initiative and the Regional Comprehensive Economic Partnership will continue to provide valuable business opportunities for Hong Kong enterprises.