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During the "Chongqing-Hong Kong Financial Cooperation Seminar", Invest Hong Kong (InvestHK) today (January 17) encouraged companies in Chongqing to leverage Hong Kong's business advantages and expand their overseas market opportunities.
The seminar was held as part of Chongqing-Hong Kong Week 2012 and was jointly organised by the Financial Services and the Treasury Bureau of the Hong Kong Special Administrative Region (HKSAR) Government, the Hong Kong Economic and Trade Office in Chengdu of the HKSAR Government, InvestHK and the Hong Kong Exchanges and Clearing Limited. Co-organisers of the seminar included the Chongqing Financial Office, the Chongqing Foreign Trade and Economic Relations Commission and the Chongqing State-owned Assets Supervision and Administration Commission. The seminar was also supported by the Office of Hong Kong and Macau Affairs of the People's Government of Chongqing, the Chinese Council for the Promotion of International Trade Chongqing Sub-council, the Chongqing Federation of Industry and Commerce and the Sub-Council of Hong Kong and Macao Businessmen in Chongqing of the Chongqing Overseas Friendship Association.
The seminar began by welcoming the increasing financial exchange and co-operation between Hong Kong and Chongqing. Remarks were delivered by the Deputy Secretary-General of the Chongqing Municipal Government, Mr Yan Xiaoguang, and the Under Secretary for Financial Services and the Treasury, Ms Julia Leung.
In her keynote speech, the Associate Director-General of Investment Promotion at InvestHK, Miss Victoria Tang, said, "Hong Kong has been playing a pivotal role in assisting Mainland companies to 'Go Global' and develop their overseas operations. Hong Kong enjoys a well-developed financial system and has rich experience in branding and international marketing. With its well-regulated markets and a simple and low tax regime, Hong Kong also provides a deep pool of highly qualified professionals equipped with an international perspective and knowledge about the China market. It is poised to assist Mainland companies to further enhance their management systems to meet international standards as they expand their markets overseas."
The first part of the seminar focused on Hong Kong's business environment and featured representatives of Mainland companies listed in Hong Kong who shared their successful experiences with the participants. The second part focused mainly on the preparations for public listing in Hong Kong. Representatives from Hong Kong's leading financial organisations spoke on topics ranging from strategic planning for listing in Hong Kong and the involvement of private equity funds and cornerstone investors to preparations for listing and private equity funding, as well as matters relating to the listing process and the issue of Renminbi-denominated bonds in Hong Kong.
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 it celebrates its 11th anniversary, InvestHK has completed over 2,400 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 www.investhk.gov.hk .
For event photos, please visit www.flickr.com/photos/investhk/sets/72157628845475531/ .
Ends/Tuesday, January 17, 2012
Issued at HKT 17:11
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