Hainan companies encouraged to expand overseas market via Hong Kong
Invest Hong Kong (InvestHK) today (May 29) hosted a "Hong Kong , Your Platform to Going Global" seminar and CEO Luncheon in Haikou, Hainan Province, encouraging companies to expand overseas by leveraging Hong Kong's business advantages to achieve the national imperative of "going global".
The seminar explained Hong Kong's advantages in the services sector and how companies in Hainan could use Hong Kong as a platform to expand their business to international market. The Department of Commerce of Hainan Province and Hong Kong Economic and Trade Office in Guangdong jointly organised the event with InvestHK. Its Director-General of Investment Promotion, Simon Galpin, and Deputy Director-General of the Department of Commerce of Hainan Province, Yang Zhaoyao, spoke during the seminar.
Mr Galpin said, "Hong Kong ranks highly for its business-friendly environment, the absence of foreign exchange controls, free trade and free market economy, diversified talent pool, world-class infrastructure, sound and independent legal system, as well as its low tax regime.
Given all these advantages, Hong Kong is an ideal testing ground for Mainland companies to expand their overseas markets and "go global".
"Hong Kong is Asia's world city. It has sophisticated service industries including finance, insurance, accounting and legal services plus a strong international business network. These work together perfecto support Mainland enterprises wishing to access the global market easily," Mr Galpin continued.
Head of InvestHK's Guangzhou Investment Promotion Unit, Deputy Director, Hong Kong Economic and Trade Office in Guangdong, Ada Yeung, also gave a presentation on Hong Kong's business advantages and opportunities, sharing successful stories of Mainland companies in Hong Kong and explaining the various free services that InvestHK can offer for Hainan companies intending to set up in Hong Kong and 'go global'.
Following the seminar and CEO Luncheon in Hainan, the InvestHK delegation will head to Nanning, Guangxi Province tomorrow (May 30) to promote Hong Kong's business advantages to local enterprises there.
This event is jointly organised by InvestHK, the Department of Commerce of Guangxi Zhuang Autonomous Region and Hong Kong Economic and Trade Office in Guangdong. Mr Galpin and Director-General of Department of Commerce of Guangxi Zhuang Autonomous Region, Mr Wang Naixue, will give welcome remarks. Deputy Director-General of Department of Commerce of Guangxi Zhuang Autonomous Region, Mr Huang Huansheng will introduce attendees to the various measures/assistance provided by Guangxi for local companies "going out".
About Invest Hong Kong
InvestHK is the department of the Hong Kong Special Administrative Region (HKSAR) Government established in July 2000 to take responsibility for Foreign Direct Investment and support overseas and Mainland businesses to set up or expand in Hong Kong.
It provides free advice and customised services to help businesses succeed in Hong Kong's vibrant economy. As at December 2012, InvestHK has completed over 2 700 investment projects creating over 32 000 new jobs in the first year of operation or expansion and HK$69 billion of investment. For more information, please visit www.investhk.gov.hk.
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