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Invest Hong Kong (InvestHK) hosted the "Changsha-Hong Kong Financial Cooperation Seminar" today (August 28), encouraging companies in Hunan province to leverage Hong Kong's business advantages and expand their overseas market opportunities.
The seminar was jointly organised by the Hong Kong Economic and Trade Office in Chengdu of the HKSAR Government, InvestHK and Hong Kong Exchanges and Clearing Ltd. Co-organisers of the seminar included the Department of Commerce of Hunan Province, the Financial Affairs Office of Hunan Provincial People's Government, and the State-Owned Assets Supervision and Administration Commission of the People's Government of Hunan Province. The seminar was also supported by the Office of Hong Kong and Macau Affairs of the People's Government of Hunan Province, Hunan Federation of Industry and Commerce, and the Chinese Council for the Promotion of International Trade Hunan Sub-council.
The seminar began with welcoming speeches by the Vice Governor of the People's Government of Hunan, Han Yongwen and Undersecretary for Financial Services and the Treasury Bureau, HKSAR Government, Julia Leung, who praised the solid foundation of cooperation and the development potential arising from financial exchanges between Hong Kong and Hunan.
Addressing the audience, Ms Leung said, "Hong Kong has been the main investment platform for Mainland companies and overseas companies. Mainland companies can 'go global', for example, using Hong Kong's advantages in the Renminbi, corporate and consultant services." Associate Director-General of Investment Promotion at InvestHK, Victoria Tang, said, "Hong Kong enjoys a well-developed financial system and has rich experience in branding and international marketing. Apart from its well-regulated markets, a simple and low tax regime and free flows of capital and information, Hong Kong also provides a deep pool of highly qualified professionals equipped with an international perspective and knowledge about the China market. All these could help Mainland companies lift their corporate governance to international standards as they expand their business overseas."
The first part of the seminar focused on information about Hong Kong's business environment and the investment support services provided by the HKSAR Government, capital raising options for Hunan companies and Hong Kong's stock market development. The second part gave an overview of an IPO listing in Hong Kong, with professionals from Hong Kong's financial institutions talking about listing strategies, private equity funds and cornerstone investors in Hong Kong, the legal preparations for listing and private equity funding as well as matters relating to the issuance of Renminbi-denominated bonds in Hong Kong.
About Invest Hong Kong
Invest Hong Kong is the department of the Hong Kong Special Administrative Region (HKSAR) Government established in July 2000 to take responsibility for 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. Up to end July 2012, Invest Hong Kong has completed over 2,600 investment projects creating over 30,000 new jobs in the first year of operation or expansion and HK$67 billion of investment. For more information, please visit www.investhk.gov.hk.
For event photos, please visit www.flickr.com/photos/investhk/sets/72157631284886274/.
Ends/Tuesday, August 28, 2012
Issued at HKT 15:13
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