Mainland firms encouraged to use Hong Kong's creative and financial expertise

Mainland enterprises were encouraged to build up brands and access the world market through Hong Kong by promoting the city's advantages in the creative and financial industries.

At a seminar entitled "Hong Kong - Your Platform to Go Global: Capitalising on Hong Kong's Creative and Financial Services for International Expansion" held at the 15th China International Fair for Investment & Trade in Xiamen, Fujian Province, Financial Secretary Mr. John Tsang said Hong Kong can help Mainland companies enhance their competitiveness and expand internationally through its marketing expertise, low tax rates and strengths in financial services and corporate governance."

"Hong Kong is also known for its well-developed service industries, offering marketing skills, international connectivity and a rich pool of professionals, making it an ideal platform for Mainland companies to 'go global'. The well-regulated and mature financial market of Hong Kong perfectly meets the needs of Mainland companies in capital-raising and familiarising with international standards," said Mr. Tsang. "Up to the end of July 2011, the number of companies listed on the Hong Kong Stock Exchange was 1,460, of which 616 companies were from the Mainland with a market value accounting for some 56 percent of all listed companies. Meanwhile, Hong Kong will also continue to develop its cross-border RMB business and grow as an RMB offshore centre to facilitate trade and outward investment by Mainland companies," he added.

Associate Director-General of Investment Promotion, Miss Victoria Tang said, "Hong Kong has a business-friendly environment supported by an open economic system, world-class infrastructure, free flow of capital and information, and professionals equipped with an international perspective and knowledge about the China market. It is an excellent testing ground for Mainland companies to 'go global' and access the world market."

Miss Tang emphasised, "Hong Kong is the hub for culture and creative industries in Asia, attracting companies in these service sectors from all over the world, with a focus on media, multimedia, design and architecture, and benefiting from a strong pool of creative talent. The HKSAR Government has accorded priority to six growth industries, including the creative industry, in which Hong Kong enjoys clear advantages, and impetus can be provided to the city's economic development."