Accessibility Links

Invest Hong Kong encourages Hunan enterprises to “go global” via Hong Kong

Invest Hong Kong (InvestHK) hosted a seminar in Changsha, Hunan Province, today  (18 October 2017), introducing Hong Kong’s unique business advantages to local companies under the national Belt and Road Initiative and how they could leverage those advantages to access overseas markets through the city.

Invest Hong Kong encourages Hunan enterprises to “go global” via Hong Kong

Associate Director-General of Investment Promotion, Mr Francis Ho, speaks at the “Belt and Road, Together We Grow” seminar hosted in Changsha, Hunan Province, today (18 Oct 2017).

The seminar, entitled “Belt and Road, Together We Grow”, was organised by InvestHK in partnership with the Commercial Office of the Economic Affairs Department of the Liaison Office of the Central People’s Government in the Hong Kong Special Administrative Region (HKSAR), the Department of Commerce of Hunan Province and the Economic and Trade Office of the Government of the HKSAR in Wuhan (WHETO). It was also supported and co-organised by the Hong Kong and Macao Affairs Office of the Hunan Provincial People’s Government, the Hunan Sub-council of the China Council for the Promotion of International Trade, the Hunan Federation of Industry and Commerce and the Hunan Liaison Unit of the HKSAR Government.

Associate Director-General of Investment Promotion Mr Francis Ho; the Deputy Director of the Department of Commerce of Hunan Province, Mr Peng Yanfeng; the Director of the WHETO of the HKSAR Government, Mr Vincent Fung; and the Deputy Director of the Hong Kong and Macao Affairs Office of the Hunan Provincial People’s Government, Mr Ding Xuexin, delivered remarks at the event.

In his speech, Mr Ho stated that both Hong Kong and Hunan are part of the Pan-Pearl River Delta (PPRD) region. Hong Kong has been an important economic and trade partner as well as a key conduit of foreign investment of Hunan for many years. He said, “Under the Hunan Provincial 13th Five-Year Plan, Hunan is strengthening its co-operation with the regions of the PPRD, as well as enhancing communication and co-operation with Hong Kong, Macau and Taiwan. It is also actively participating in the Belt and Road construction projects. All these initiatives have reinforced the co-operation between the two places. Hong Kong can play a key role in areas such as financial and logistics industries, infrastructure investment and financing, and serve as a trading hub offering a dynamic business environment for Hunan companies to embrace the new opportunities and challenges arising from the national Belt and Road Initiative.”

He added that Hong Kong enjoys super-connectivity under the “one country, two systems” arrangement. He said, “Hong Kong is an international financial centre, as well as a major asset management centre in Asia and a global offshore Renminbi centre. The Government announced new tax measures to benefit small and medium-sized enterprises in the 2017 Policy Address last week, with the profits tax rate for the first HK$2 million of profits set to be halved to 8.25 per cent. As an international city in Asia, Hong Kong offers effective financial, insurance, accounting, business and legal services, all of which combined creates a comprehensive and modern service industry platform useful for Mainland companies. It can act as a ‘super-connector’ between Mainland China and the rest of the world. Under the national Belt and Road Initiative and the Guangdong-Hong Kong-Macao Bay Area development, Mainland enterprises can continue to make use of Hong Kong’s various advantages to ‘go global’.”

The Head of the Investment Promotion Unit of InvestHK in Wuhan, Ms Helen Zhang, also spoke at the seminar, introducing Hong Kong’s business environment and ways to “go global” under the Belt and Road Initiative. She highlighted the various types of free services and assistance InvestHK can offer to Hunan companies that intend to set up in Hong Kong and “go global”.

Other speakers at the seminar included Partner, Tax and Business Advisory Services, International Tax, Deloitte China, Ms Shanice Siu; Senior Manager, Belt and Road Strategy, Commercial Banking, the Hong Kong and Shanghai Banking Corporation Limited, Mr Martin Tang; Partner, Corporate Commercial, Deacons, Ms Machiuanna Chu; and Associate, Issuer Services, Market Development, Hong Kong Exchanges and Clearing Limited, Ms Natalie Chan. Each provided the latest updates on Hong Kong’s advantages as a corporate treasury centre, Hong Kong’s financial services, the advantages of Hong Kong as a centre for international legal and dispute resolution services in the Asia-Pacific region, and the latest trends of the securities market in Hong Kong, encouraging Hunan enterprises to make use of Hong Kong’s facilities and services to expand overseas.

About InvestHK

InvestHK is the department of the HKSAR Government established in 2000 to attract 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. For more information, please visit www.investhk.gov.hk.

For an event photo, please visit www.flickr.com/photos/investhk/albums/72157689523276686.

Ends.

Pass it on

Promote your news

If you have news for Invest Hong Kong please let our media contact know.

Media Contact
www.investhk.gov.hk Hong Kong