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Published: 22:57, August 08, 2022 | Updated: 13:17, August 09, 2022
Overseas expansion: Businesses urged to tap HK's advantages
By Wang Zhan
Published:22:57, August 08, 2022 Updated:13:17, August 09, 2022 By Wang Zhan

Financial Secretary Paul Chan Mo-po delivers his welcoming remarks via recorded video at the seminar titled “Hong Kong - Unparalleled Opportunities to Expand Your Global Business" in Hefei, Anhui province, Aug 8, 2022. (PHOTO / INFORMATION SERVICES DEPARTMENT, HKSAR GOVT)

HONG KONG – The government of the Hong Kong Special Administrative Region on Monday encouraged enterprises in the Anhui province to leverage Hong Kong's business advantages and platform to tap new investment opportunities and accelerate their expansion in overseas markets.

The call came at a seminar titled "Hong Kong - Unparalleled Opportunities to Expand Your Global Business". The governments of the SAR and Anhui province hosted the seminar in Hefei as part of the 25th anniversary celebration series of the HKSAR's establishment, according to a government press release

Under 'one country, two systems', Hong Kong has been able to utilize its own advantages to contribute to the mainland's opening up, Financial Secretary Paul Chan Mo-po said in his welcoming remarks.

READ MORE: Call to leverage HK’s advantages

Hong Kong no doubt is the ideal base for Mainland enterprises to develop their global reach.

Paul Chan, Financial Secretary, HKSAR 

“In particular, our city offers a major bridge and middleman function for mainland enterprises seeking to go global and for foreign companies seeking access to mainland market."

Hong Kong's open and international business environment, which includes free flow of goods, information and capital, the common law regime and the rule of law, attracted global investors, drawing capital, talents and companies from all over the world engaged in all sorts of financial and commercial activities, he said.

“Hong Kong no doubt is the ideal base for mainland enterprises to develop their global reach,” he said, welcoming Anhui enterprises to connect with the world via Hong Kong so as to lift their brands to the next level and expand their business in all over the globe.

ALSO READ: Leveraging HK for Bay Area

Pointing out that Anhui province is home to some tremendous businesses with great potential in global markets, Invest Hong Kong’s Director-General of Investment Promotion Stephen Phillips said, “Hong Kong can play a powerful catalytic role to help them capture these opportunities and fuel their growth.”

Director-General of Investment Promotion at Invest Hong Kong, Stephen Phillips, encourages local enterprises via recorded video to leverage Hong Kong's business advantages to accelerate their overseas expansion under the National 14th Five-Year Plan, during a seminar titled “Hong Kong - Unparalleled Opportunities to Expand Your Global Business" in Hefei, Anhui province, Aug 8, 2022. (PHOTO / INFORMATION SERVICES DEPARTMENT, HKSAR GOVT)

Director of Hong Kong Economic and Trade Office in Shanghai of the HKSAR Government Laura Aron (front row, center); Deputy Director of the Hong Kong and Macao Affairs Office of the People's Government of Anhui Province, Fan Zhonghou (front row, third left); Head of Investment Promotion Unit of Invest Hong Kong in Shanghai, Phillip Kung (back row, second right); Immigration Officer, Hong Kong Economic and Trade Office in Shanghai of the HKSAR Government, Jack Yan (back row, first right); other official guests from co-organizers and supporting government departments, as well as other speakers are seen in this photo during a seminar titled "Hong Kong - Unparalleled Opportunities to Expand Your Global Business" in Hefei, Anhui province, Aug 8, 2022. (PHOTO / INFORMATION SERVICES DEPARTMENT, HKSAR GOVT)

Addressing the seminar, Philip Kung, head of the Investment Promotion Unit of InvestHK in Shanghai, explained about how local companies can make use of Hong Kong's business advantages in their overseas expansion plan and introduced the diverse services of InvestHK to mainland clients. 

Deputy Director of the Hong Kong and Macao Affairs Office of the People's Government of Anhui Province Fan Zhonghou delivered welcoming remarks at the seminar in Hefei, encouraging Anhui enterprises to "go global" via Hong Kong.

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