Leveraging its position as a global finance, trade and professional services hub, Hong Kong rolled out a dedicated task force on Monday aimed at helping Chinese mainland enterprises expand their footprint in overseas markets, while also driving new business opportunities for Hong Kong’s economy.
The GoGlobal Task Force, led by Secretary for Commerce and Economic Development Algernon Yau Ying-wah, will coordinate efforts across the Hong Kong Special Administrative Region’s overseas and mainland offices, including those under InvestHK — the SAR government’s investment promotion arm — and the Hong Kong Trade Development Council. The task force will serve as a one-stop, customized platform to support firms expanding internationally.
The initiative will include an array of policy measures, such as encouraging mainland banks to set up regional headquarters in Hong Kong and offering tax incentives to attract mainland firms to establish Corporate Treasury Centers in the city.
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Besides proactively engaging with mainland companies and attracting them to use Hong Kong as a gateway to the world, the task force will also organize overseas visits and delegations to connect businesses with global markets, Financial Secretary Paul Chan Mo-po said.
