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Invest Hong Kong (InvestHK) today (September 8) took part in a seminar at the 19th China International Fair for Investment & Trade (CIFIT) in Xiamen, Fujian Province and encouraged Mainland enterprises to build their brands and access global markets through Hong Kong.
Entitled "Hong Kong - Your platform to Go Global", the seminar was jointly organised by InvestHK, the Trade Office of the Economic Affairs Department of the Liaison Office of the Central People's Government in the Hong Kong Special Administrative Region (HKSAR), and the Hong Kong Economic and Trade Office in Guangdong. Supporting organisations included the Hong Kong and Macao Affairs Office of the Xiamen Municipal People's Government, the Xiamen Municipal Bureau of Commerce, the China Council for the Promotion of International Trade Xiamen Committee, and the Xiamen General Chamber of Commerce. The seminar began with remarks from Associate Director-General of Investment Promotion of InvestHK, Mr Francis Ho, and the Deputy Director of the Standing Committee of Xiamen Municipal People's Congress, Mr Du Mingcong.
Highlighting the business advantages of Hong Kong, he said, "Hong Kong is an economy that participates actively in international investment and trade. In 2014, Hong Kong ranked second in global foreign direct investment (FDI) inflows for the first time. It is also an ideal location for corporate treasury centres. As an international city in Asia, Hong Kong offers effective financial, insurance, accounting and legal services, all of which work together to create a comprehensive and modern service industry platform ready to assist Mainland companies. Fujian and Hong Kong have close economic ties, and Hong Kong is also a key conduit of foreign investment of Fujian and a main capital financing centre for Fujian enterprises. Under the 'One Belt, One Road' policy, Hong Kong as a 'super-connector' between Mainland China and the rest of the world serves as a hub for service professionals in financing, logistics and transportation, as well as legal services and many other aspects. In the mean time, Hong Kong can play an important role as an intermediary on direct investment channels, enabling a wider range of foreign investors to enter the Mainland and other Asian markets by using Hong Kong as their base, and this would also benefit Fujian entrepreneurs who are prepared to use Hong Kong to make global investments and acquisitions."
The Head of InvestHK's Guangzhou Investment Promotion Division, Mrs Mabel Yu, also gave a presentation during the seminar, highlighting Hong Kong's business advantages and opportunities, examples of successful Mainland companies operating in Hong Kong and the various types of free services and assistance that InvestHK can offer to Mainland companies that intend to set up in Hong Kong to "go global".
In today's seminar, Partner, Tax, KPMG Advisory (China) Ltd, Ms Maria Mei; the Head and Executive Director, Commodity Traders and Agribusiness, Transaction Banking, Standard Chartered Bank (Hong Kong) Limited, Ms Celia Cheng; and the President of CCB Trust Fortune Investment Fund, Mr Wang Qi, each spoke about Hong Kong's taxation regime and how the city's financial services sector can help Mainland enterprises, particularly in mergers and acquisitions, and how Mainland companies can attract and manage private equity funds through Hong Kong.
This is the 14th consecutive year that InvestHK has exhibited in the Hong Kong Pavilion at CIFIT. The exhibition showcases a wide spectrum of Hong Kong services and how the city can assist Mainland enterprises in expanding their overseas operations through its business and trade platform.
About InvestHK
InvestHK is the department of the HKSAR Government established in July 2000 to attract FDI 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 June 2015, InvestHK had assisted over 3,700 companies which have created more than 40,200 new jobs in the first year of operation or expansion and over HK$99 billion of investment. For more information, please visit www.investhk.gov.hk.
For event photos, please visit www.flickr.com/photos/investhk/albums/72157657615046820.
Ends/Tuesday, September 8, 2015
Issued at HKT 16:02
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