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Invest Hong Kong encourages Beijing Zhongguancun companies in innovation technology sector to go global (with photo)

     Innovation technology companies in Beijing Zhongguancun were encouraged to "Go Global" in a seminar hosted by Invest Hong Kong (InvestHK) at the 15th "Beijing-Hong Kong Economic Co-operation Symposium" in Beijing today (October 20).

     The seminar, entitled "Co-operation between Beijing and Hong Kong in Encouraging Zhongguancun Companies in the Innovation Technology Industry in Going Global", was co-organised by InvestHK, Beijing Municipal Development and Reform Commission, Zhongguancun Management Committee and the Hong Kong Exchanges and Clearing Ltd.

     Deputy Director of the Office of the Government of the Hong Kong Special Administrative Region in Beijing, Mr Tommy Yuen, and Deputy Secretary-General of the People's Government of Beijing Municipality, Mr Dai Wei, delivered welcome speeches. Associate Director-General of Investment Promotion, Miss Victoria Tang, highlighted Hong Kong's business advantages and the opportunities available for Beijing IT companies in her presentation.
     Miss Tang said, "Beijing companies can engage themselves in the development of innovation technology in Hong Kong, applying innovative ideas to practice. They can make use of the advanced infrastructural facilities and excellent personnel resources in research and development and leverage on Hong Kong as the platform for marketing their products and technologies worldwide, raising their competitiveness in the international arena.

     "As Asia's World City, Hong Kong has well-developed service industries in which the finance, insurance, accounting and legal services are closely intertwined to form a coherent system. During his visit to Hong Kong in August this year, Vice-Premier Li Keqiang also stressed Hong Kong's enduring advantages in the service industries. These advantages could help Mainland companies expand their overseas markets, and further enable Hong Kong to develop as an ideal platform for Mainland companies to join hands with Hong Kong businesses to expand their global operations," Miss Tang added.

     At the seminar, Head of Innovation and Technology of InvestHK, Mr Simon Tsang; Senior Manager, Marketing & Admission, Hong Kong Science and Technology Parks Corporation, Mr Ricky Ma; Chief Representative of the Beijing Representative Office of Hong Kong Exchanges and Clearing Ltd, Mr Ren Guangming; Managing Partner, Development Principles Group, Mr Wang Qi; and Executive Director and Head of Corporate and China Consultancy Services of Tricor Services Ltd, Ms Natalia Seng, spoke about the business environment of Hong Kong, including the city's advantages in innovation and technology, industry support and Hong Kong's competitiveness in taxation and financial services. They focused on encouraging Beijing IT companies to go global by leveraging on Hong Kong's excellent facilities and services, particularly its flexible and diversified capital raising platform.

     Deputy Director of Beijing Municipal Development and Reform Commission, Mr Zhang Shouquan gave an introduction on Beijing's outbound investment and an outlook on the co-operation between Beijing and Hong Kong on joint overseas investment. Deputy Director of Zhongguancun Management Committee, Mr Liao Guohua, gave a presentation on the latest developments in Zhongguancun and the requirements for Beijing companies to invest in Hong Kong.

     Deputy General Manager of Universal Technologies Holdings Ltd, Mr Ronald Chua, also shared the company's successful experience in setting up an IT business 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. As it celebrates its 11th year of operation, Invest Hong Kong has completed over 2,300 investment projects creating over 28,000 new jobs in the first year of operation or expansion and HK$60 billion of investment. For more information, please visit

     For event photos, please visit:

Ends/Thursday, October 20, 2011
Issued at HKT 18:15


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