Mainland firms urged to set up headquarters in Hong Kong

It will provide them one-stop professional consulting services.

The Hong Kong Trade Development Council (HKTDC) and InvestHK are urging Mainland enterprises to establish regional or international headquarters in the region to manage offshore trading and supply chains, Financial Secretary Paul Chan said in his 2025-26 Budget speech on 26 February 2025.

This initiative aims to assist companies in their global expansion, offering them strategic planning for supply chains and industry connections.

HKTDC will provide one-stop professional consulting services, helping businesses navigate market connections and regulations in international markets.

The government said Hong Kong remains a key regional hub for trade financing, with outstanding trade finance by local banks reaching $380b.

Approximately 40% of this funding supports merchandise trade outside the region. Recent measures, including the Trade Financing Liquidity Facility introduced by the Hong Kong Monetary Authority (HKMA) and the People's Bank of China (PBoC), have enhanced flexibility for RMB trade financing.

Additionally, the Hong Kong Export Credit Insurance Corporation is extending credit insurance services to support multinational supply chains and facilitate global expansion.

The government also plans to update legislation to digitalise trade documents, referencing the United Nations' Model Law on Electronic Transferable Records. A proposal for the relevant legislative changes will be submitted to the Legislative Council next year.