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Invest Hong Kong encourages Wuxi biotech enterprises to "go global" (with photo)

     Invest Hong Kong (InvestHK) hosted a seminar in Wuxi, Jiangsu Province, today (May 23), encouraging Wuxi biotechnological enterprises to "go global" and access overseas markets through Hong Kong.

     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 of the People's Republic of China.

     Supporting organisations included the Department of Commerce of Jiangsu Province, the Wuxi Municipal Bureau of Commerce, the China Council for the Promotion of International Trade Wuxi Branch, and the Wuxi Federation of Industry and Commerce. The Associate Director-General of Investment Promotion, Miss Victoria Tang; the Head of the Trade Office and the Deputy Director-General of the Economic Affairs Department of the CPGLO, Mr Yang Yi; and the Deputy Director-General of the Wuxi Municipal People's Government, Mr Mi Junchu, delivered welcoming remarks at the event.

     Commenting on Hong Kong's business advantages and the opportunities Hong Kong has to offer for Wuxi biotechnological companies, Miss Tang said, "Wuxi is the third biggest city in Jiangsu Province, a rapidly developing province with close economic and trade ties with Hong Kong. On the back of the country's economic growth and the national policy of encouraging enterprises to 'go global' as stipulated in the National 12th Five-Year Plan, internationalisation has become significant for Mainland enterprises. As an international city with abundant experiences in marketing, world-class financial markets and service sectors, and low tax regime, Hong Kong can be used as a platform to fit the 'going global' needs of Wuxi enterprises."

     Miss Tang continued, "The Hong Kong Government emphasises innovation and technology because they drive the growth of our economy and industries. We will continue to work closely with the Mainland in creating a favourable environment for the development of innovation and technology in Hong Kong while encouraging the growth of scientific research."

     InvestHK's Head of Innovation and Technology, Mr Simon Tsang, gave a presentation during the seminar, highlighting Hong Kong's business advantages and opportunities in the biotechnology sector, and the various types of free services and assistance that InvestHK can offer to Wuxi biotech companies that plan to set up in Hong Kong and "go global".

     Other speakers at the seminar included the Cluster Manager, Marketing and Sales Division at the Hong Kong Science and Technology Parks Corporation, Mr Simon Sze; the Representative of Eastern China, Hong Kong Exchanges and Clearing Ltd, Mr Anderson Han; the Director, Transaction Banking, Wholesale Banking of Standard Chartered Bank (HK) Ltd, Ms Celia Cheng; and the Chairman of Hong Kong Biotechnology Organization, Professor Albert Yu. Each spoke about Hong Kong's business advantages in their respective fields and encouraged Wuxi enterprises to expand overseas using Hong Kong's facilities and services, particularly its flexible and diversified capital raising platform.

About Invest Hong Kong

     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 December 2012, Invest Hong Kong has completed over 2 700 investment projects creating over 32 000 new jobs in the first year of operation or expansion and HK$69 billion of investment. For more information, please visit

     For event photos, please visit

Ends/Thursday, May 23, 2013
Issued at HKT 16:38


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