The revitalization and reopening of the Wing On House premises and its related time-capsule launch ceremony was held on Tuesday, as the Law Society of Hong Kong turns its old Central headquarters into arbitration facilities to ease a venue shortage.

Hong Kong is one of the world's three major financial centers and handles a heavy load of arbitration and mediation work. The legal sector has long complained of too few suitable venues.

Responding to these concerns, the Law Society revitalized its former premises in Wing On House, converting the premises into a multifunctional service center for the legal sector to use for hearings, arbitration and mediation.

Law Society President Roden Tong Man-lung said that the reservation has meaning only when it supports renewal, and the reopening is both an act of remembrance and an expression of confidence.

To mark the completion of the revitalization and the reopening of the premises, the Law Society has created a time capsule containing books and documents that trace the development of Hong Kong's legal profession.

Tong said the capsule itself is made from the original solid wood council meeting table of the premises, and is scheduled to be reopened on April 8, 2047.

He said that the date marks the Law Society's 140th anniversary, making it especially significant.

"For the young people here today, I hope this time capsule represents something very simple: confidence in your future. When we seal it today, we are not merely preserving the past. We are expressing our faith in the generations who will one day open it," Tong said.