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Invest Hong Kong (InvestHK) hosted a seminar in Kunming, Yunnan Province, today (October 30) to promote the business environment of Hong Kong and encourage Yunnan enterprises to use the city as the platform from which to promote their brands and expand globally.
The seminar and CEO luncheon, 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), the Department of Commerce of Yunnan Province and the HKSAR Government's Hong Kong Economic and Trade Office in Guangdong. It was also supported by the Department of Outward Investment and Economic Cooperation of the Ministry of Commerce.
Supporting organisations included the Yunnan Federation of Industry and Commerce and the China Council for the Promotion of International Trade Yunnan Sub-Council. Associate Director-General of Investment Promotion Mr Francis Ho; 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 Director of the Department of Commerce of Yunnan Province, Mr Yang Hui, delivered welcome remarks at the event.
Commenting on Hong Kong's business advantages and the opportunities it has to offer Yunnan companies, Mr Ho said, "Yunnan and Hong Kong have had close economic ties with frequent contact over many years, and Hong Kong is also a key conduit for foreign investment in Yunnan and a trade partner. On the back of the country's policy of encouraging enterprises to 'go global' under the National 12th Five-Year Plan, the internationalisation of Yunnan enterprises has become inevitable. Hong Kong is known for having a business-friendly environment, free flows of capital and information, free trade and a free market economy, a deep pool of international talent, world-class infrastructure, and a sound and independent legal system, as well as a low and stable tax regime. Against this backdrop, it serves as an ideal testing ground for Mainland companies to 'go global'."
The Head of InvestHK's Guangdong Investment Promotion Unit, Ms Ada Yeung, gave a presentation during the seminar, highlighting Hong Kong's business environment, and examples of the successful Mainland companies that InvestHK has assisted to set up in Hong Kong and "go global".
In today's seminar, Partner, Tax, Grant Thornton Hong Kong Ltd, Mr William Chan; Director, Transaction Banking, Standard Chartered Bank (Hong Kong) Ltd, Ms Celia Cheng; and Representative, Beijing Representative Office, Mainland Development, Hong Kong Exchanges and Clearing Ltd, Mr Matthew Wang, talked about how Hong Kong's taxation regime benefits Mainland enterprises and what services the city's banking services can provide for them to "go global". They also provided the latest information about the Hong Kong stock market.
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 at June 2014, InvestHK had completed over 3 300 investment projects creating more than 36 400 new jobs in the first year of operation or expansion and over HK$88 billion of investment. For more information, please visit www.investhk.gov.hk.
For an event photo, please visit www.flickr.com/photos/investhk/sets/72157646609335684/.
Ends/Thursday, October 30, 2014
Issued at HKT 11:46
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