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Invest Hong Kong encourages Wuhan enterprises to "go global" by leveraging Hong Kong's advantages (with photo)
     Invest Hong Kong (InvestHK) hosted a seminar in Wuhan, Hubei Province, today (November 23), encouraging local companies to leverage Hong Kong’s business advantages to access overseas markets through Hong Kong under the national Belt and Road Initiative.
     The Wuhan CEO seminar, entitled "Belt and Road, Together We Grow", was organised by InvestHK in partnership with the Wuhan Bureau of Commerce. It was also co-organised by the Hong Kong Economic and Trade Office in Wuhan (WHETO) of the Hong Kong Special Administrative Region (HKSAR) Government. The Acting Director-General of Investment Promotion, Dr Jimmy Chiang, and the Inspector of Wuhan Bureau of Commerce, Mr Huang Houkang, delivered welcome remarks at the event.
     Commenting on Hong Kong's business advantages and the opportunities it has to offer Wuhan companies, Dr Chiang said, "Hong Kong has been an important economy and trade partner as well as a key conduit of foreign investment of Wuhan for many years. The city was also the largest source of investment of Wuhan. Hong Kong can provide a dynamic business environment to Mainland enterprises, helping Wuhan companies to embrace the new opportunities offered by the National 13th Five-Year Plan strategy."
     He continued, "As an international city in Asia, Hong Kong offers effective financial, insurance, accounting, business and legal services, all of which work together to create a comprehensive and modern service industry platform to assist Mainland companies. It is also a 'super-connector' between Mainland China and the rest of the world. According to the results of the United Nations Conference on Trade and Development World Investment Report 2016, Hong Kong continues to rank second in global foreign direct investment inflows. In fact, more and more Mainland companies have already set up their presence in Hong Kong, and used it as the platform to 'go global' and for fundraising. According to the Ministry of Commerce of the People's Republic of China, there were nearly 3,500 Mainland companies investing in Hong Kong in 2015, an increase of more than 12 times compared to 282 companies 10 years ago. Under the Belt and Road Initiative, Mainland enterprises can continue to make use of Hong Kong's advantages of free flows of capital and information, free trade and a free market economy, a deep pool of international talent, a low and stable tax regime, and a broad range of professional services such as financing, logistics and transportation, as well as legal services.”
     The Head of the Investment Promotion Unit of WHETO, Ms Helen Zhang, also spoke at the seminar, introducing Hong Kong's business environment and ways to "go global" under the Belt and Road Initiative. She highlighted the various types of free services and assistance InvestHK can offer to Wuhan companies that intend to set up in Hong Kong and "go global".
     Other speakers at the seminar included the Associate Director, Tax and China Business Advisory Services, PricewaterhouseCoopers, Ms Amy Su, who talked about how Hong Kong's tax advantages benefit Mainland enterprises to expand among Belt and Road countries. Representatives of two Wuhan enterprises in Hong Kong, Director and Vice President of Zall Holdings Co Ltd Ms Fan Xiaolan and the Overseas Investment Manager of Humanwell Healthcare (Group) Co Ltd, Mr Wang Lei, also shared their experiences to encourage Wuhan enterprises to make use of Hong Kong's facilities and services to expand overseas.
About InvestHK
     InvestHK is the department of the HKSAR Government established in 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 Kong's vibrant economy. For more information, please visit www.investhk.gov.hk.
     For an event photo, please visit www.flickr.com/photos/investhk/albums/72157676871145826.
Ends/Wednesday, November 23, 2016
Issued at HKT 16:40
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The Acting Director-General of Investment Promotion, Dr Jimmy Chiang, encourages Wuhan entrepreneurs to "go global" by using Hong Kong as a platform at the "Belt and Road, Together We Grow" CEO seminar held in Wuhan today (November 23).