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Latvia's ABLV Group announced today (February 25) that it has opened a representative office in Hong Kong, leveraging the city's status as an international financial and business centre to expand its client base in the Asia-Pacific region.
The Hong Kong representative office, ABLV Consulting Services, provides advisory services to local businesses to promote their goods and services in the European Union and the Commonwealth of Independent States by offering full banking support from its parent company. The office is also organising a half-day conference, "ABLV Group: Gateway Between Europe and Asia", to be held in Hong Kong on February 29 to outline banking opportunities for business people operating in foreign markets, as well as give participants an insight into the Latvian financial sector in general.
The head of ABLV Consulting Services, Mr Dmitry Semyonov, said, "Hong Kong is one of the biggest financial centres in the world, offering attractive taxation and licensing systems. It was a natural decision for us to set up in the city in order to expand the Asian financial market."
He added, "Together with the growing number of clients based in the Asia-Pacific region, many of which have already set up in Hong Kong, it is important for us to follow their footprints to maintain business relations, as well as acquire more clients."
Associate Director-General of Investment Promotion Mr Charles Ng said, "Hong Kong as one of the world's easiest places in which to do business and has attracted a lot of businesses to set up in the city. It is also strategically located at the heart of Asia and is the ideal place for ABLV Group to target the entrepreneurial market in the region."
About ABLV Group
ABLV Group is a network of more than 30 companies which offers clients unified solutions in three key fields: banking, investments and advisory. It recently launched another direction of its activity, real estate development in Latvia. For more information, please visit www.ablv.com/en.
About Invest Hong Kong
Invest Hong Kong (InvestHK) is the department of the Hong Kong Special Administrative Region Government established in July 2000 to attract 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 Kongˇ¦s vibrant economy. As of December 2015, InvestHK had assisted over 3 820 companies which have created more than 41 200 new jobs in the first year of operation or expansion and over HK$101 billion of investment. For more information, please visit www.investhk.gov.hk.
For an event photo, please visit www.flickr.com/photos/investhk/albums/72157664186513770.
Ends/Thursday, February 25, 2016
Issued at HKT 11:00
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