Invest HK Encourages Yunnan Companies To 'Go Global' Via Hong Kong

26 Nov 2011

Invest Hong Kong hosted a roundtable seminar and dinner in Kunming to encourage Yunnan enterprises to “Go Global” by leveraging on the advantages of Hong Kong’s business environment and its strength as an international financial centre.

The theme of the seminar was “Hong Kong – Your Platform to Go Global”. The co-organisers were the Yunnan Provincial People’s Government Hong Kong and Macao Affairs Office (HKMAO), Department of Commerce, Industry and Information Technology Commission, Financial Affairs Office, Invest Yunnan, China Council for the Promotion of International Trade Yunnan Sub-council, Yunnan Federation of Industry and Commerce, and Wen Wei Po Yunnan Branch. The Director-General of Investment Promotion, Mr. Simon Galpin, and the Deputy Director-General of HKMAO of the People’s Government of Yunnan Province, Mr. He Mingsheng, delivered welcome speeches.  

In his remarks, Mr. Galpin said, “Hong Kong and Yunnan maintain very strong economic co-operation in investment and trade. We are long-term and important trading partners. Mutual investments between Hong Kong and Yunnan have increased significantly in recent years. As the strengths of the two regions are complementary, Yunnan companies can easily develop overseas markets through Hong Kong. They can leverage on Hong Kong’s well established capital market and expertise as a financial centre.”

Mr Galpin added, “Hong Kong has a business-friendly environment, diversified talent pool, world-class infrastructure, sound legal system and low tax regime. The strong presence of multinational professional service providers makes it the ideal platform for Mainland companies to ‘Go Global’.”

He continued, “To fully implement the Mainland and Hong Kong’s Closer Economic Partnership Arrangement, Hong Kong will actively seek co-operation in many aspects including finance, services, tourism, city planning, innovation and infrastructure construction. Yunnan companies can take advantage of the new opportunities to expand through Hong Kong into global markets, particularly in Southeast Asia and South Asian markets.”

During the dinner, the Special Representative (Southern China) of Hong Kong Exchanges and Clearing Ltd, Mr. Franky Chung; the Deputy Head of HSBC Bank (China) Company Ltd Kunming Branch, Mr David Shi; and the Head of China Business of Invest Hong Kong, Ms Loretta Lee, introduced to participants the benefits of listing, banking services, and the investment environment of Hong Kong. They encouraged Yunnan enterprises to capitalise on Hong Kong’s advantages, in particular its well established capital market and banking services.

About Invest Hong Kong

Established in July 2000, Invest Hong Kong is the investment promotion agency of the Hong Kong Special Administrative Region (HKSAR) Government. It is responsible for attracting and facilitating foreign direct investment into the city. It supports overseas and Mainland companies to set up and expand their business in Hong Kong. All its services are free, customised and confidential. As it celebrates its 11th year of operation, Invest Hong Kong has completed over 2,300 investment projects, created over 28,000 new jobs; and brought in HK$60 billion of investment.