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GDETO organises seminar in Shantou to encourage enterprises in Guangdong east to use Hong Kong as platform for going global (with photos)
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     An investment promotion seminar was held today (September 12) in Shantou by the Hong Kong Economic and Trade Office in Guangdong (GDETO) of the Government of the Hong Kong Special Administrative Region. The seminar aimed to encourage enterprises in Guangdong east to go global via Hong Kong and to make use of Hong Kong as a platform for listing and capital raising.

     The seminar was jointly organised by the GDETO together with the Shantou Municipal People's Government, the Finance Affairs Office of the People's Government of Guangdong Province and the Hong Kong Exchanges and Clearing Limited. Co-organisers included the Shantou Financial Services Office, the Shantou Hong Kong and Macao Affairs Bureau, the Shantou Foreign Trade and Economic Co-operation Bureau and Invest Hong Kong.

     Addressing the seminar, the Director of the GDETO, Mr Alan Chu, said, "The seminar aims to give an update of Hong Kong's business advantages and the latest business and financial developments in Hong Kong to entrepreneurs in Shantou, Chaozhou, Jieyang and Shanwei in Guangdong east."

     On Hong Kong's advantages, Mr Chu said, "Hong Kong is an international financial, trade, shipping and tourism centre with unique advantages. These advantages together with the economic strengths of Guangdong east will lead to a win-win situation for both sides."

     He added, "Hong Kong is the ideal platform for Mainland enterprises to go global. Enterprises in Guangdong east can set up offices and raise capital in Hong Kong. In doing so, they would further grow and expand through acquiring the successful experience of top multinational corporations in Hong Kong."

     About 710 Mainland enterprises had been listed in the Hong Kong exchange by the end of July this year, accounting for nearly 50 per cent of the total number of listed companies in Hong Kong, showing an encouraging response from Mainland enterprises in listing in Hong Kong.

     Mr Chu continued, "Supplement IX to the Mainland and Hong Kong Closer Economic Partnership Arrangement signed in June this year includes measures in the area of financial co-operation that would further assist Mainland enterprises to go overseas for listing and capital raising. These measures would further reinforce Hong Kong's position as a capital raising platform for Mainland enterprises."

     Guest speakers at the seminar included experts from Hong Kong's financial services sector, including investment banks, accounting firms, law firms and venture capital firms. They gave presentations on various issues related to listing and capital raising in Hong Kong. A representative from a Guangdong enterprise also spoke at the experience sharing session. The seminar attracted over 160 participants.

Ends/Wednesday, September 12, 2012
Issued at HKT 18:56

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