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Invest Hong Kong (InvestHK) hosted a seminar in Yinchuan, Ningxia Hui Autonomous Region, today (May 15), explaining the business environment of Hong Kong and encouraging Ningxia enterprises to use the city as the platform from which to promote their brands and expand globally.
The seminar, entitled "Hong Kong - Platform to Go Global", was organised by InvestHK in partnership with the Trade Office of the Economic Affairs Department of the Liaison Office of the Central People's Government (CPGLO) in the Hong Kong Special Administrative Region (HKSAR). It was supported by the Department of Outward Investment and Economic Cooperation of the Ministry of Commerce.
Supporting organisations included the Department of Commerce of Ningxia Hui Autonomous Region and the Hong Kong and Macao Affairs Office of the Ningxia Hui Autonomous Region Municipal People's Government, as well as the China Council for the Promotion of International Trade Ningxia Committee. The Associate Director-General of Investment Promotion, Miss Victoria Tang; the Deputy Director-General of the Economic Affairs Department and Head of the Commerce Office of the CPGLO in the HKSAR, Mr Yang Yi; and the Deputy Secretary General of the Ningxia Hui Autonomous Region Municipal People's Government, Mr Zhang Baisen, delivered remarks at the event.
Commenting on Hong Kong's business advantages and the opportunities it has to offer Ningxia companies, Miss Tang said, "In recent years, Ningxia has been striving to upgrade its industries, in particular the modernisation of agriculture and cashmere industries, which spurred overall economic growth. Hong Kong and Ningxia have close economic ties, and Hong Kong is also a key conduit of foreign investment in and out of Ningxia, offering a reliable platform for Ningxia enterprises to go global. Ningxia will offer better business opportunities as spelt out under the National 12th Five Year Plan".
Miss Tang added, "The internationalisation of Ningxia enterprises has become inevitable as Mainland enterprises are encouraged to 'go global'. Hong Kong is an international city with enriched marketing experience, world-class financial markets, and free flows of capital and information. Our city offers a wide range of quality professional services in listing and financing, accounting, law, banking services, brand building and so on, which meet the needs of Mainland enterprises in their global expansion."
Other speakers at the seminar included Director, Transaction Banking, Standard Chartered Bank (Hong Kong) Limited, Ms Celia Cheng; Partner, China Tax & Business Advisory Services of Ernst & Young, Ms Lorraine Cheung; Chief Immigration Officer, Immigration Division of the Office of the Government of the HKSAR in Beijing, Mr Jacky Wong; and Deputy General Manager, Ningxia Zhongyin Cashmere Co., Ltd, Mr Ma Feng. Each speaker spoke about Hong Kong's business advantages in their respective fields and encouraged Ningxia enterprises to expand overseas using Hong Kong's facilities and services.
About InvestHK
InvestHK is the department of the 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. As of December 2013, InvestHK had completed over 3 090 investment projects creating more than 34 900 new jobs in the first year of operation or expansion and over HK$82 billion of investment. For more information, please visit www.investhk.gov.hk.
For an event photo, please visit www.flickr.com/photos/investhk/sets/72157644237778320/.
Ends/Thursday, May 15, 2014
Issued at HKT 15:15
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