Invest Hong Kong assists in global expansion of Hunan enterprises

Invest Hong Kong today hosted a seminar in Changsha to encourage local enterprises in Hunan to "Go Global".

The seminar will help enhance branding and corporate governance efforts by leveraging on Hong Kong's business advantage and capital-raising platform.

Entitled "Hong Kong - Your Platform to Go Global", the seminar was jointly hosted by Invest Hong Kong and Trade Office of the Economic Affairs Department of the Liaison Office of the Central People's Government in the Hong Kong Special Administrative Region.

Associate Director-General of Investment Promotion Miss Victoria Tang said, "Hunan enjoys a remarkable growth in general capacity with its industrialisation speeding up and the proportion of high-tech output escalating. The province is competitive in its key machinery, food, pharmaceutical and other sectors. With the implementation of 'Go Global' strategy, Mainland enterprises face challenges including capital-raising, network expansion, the acquisition of international best practices and enhancement of their innovation and technology."

"Hong Kong is a world-class financial, trade and shipping centre and boasts a strong professional service sector. It has Asia's third largest stock market and offers diversified financing channels and products. More than 600 Mainland companies are listed on the Hong Kong Stock Exchange. In seeking to develop their overseas markets, they may also leverage on Hong Kong's advantages in marketing and branding, its international networks, high-tech infrastructure and pool of qualified professionals to further improve their competitiveness."

Miss Tang also said that Hong Kong's business-friendly environment is also very attractive to Mainland investors with its low and simple tax regime, free flow of goods and information, no exchange controls and a robust regulatory regime. She said that the strong pool of talent in Hong Kong with international perspectives and professional knowledge in the financial, legal and accounting services can provide companies with the support they require to help them build up their international operations.