China News Service, Hangzhou, June 15 (Bao Mengni) On June 15, the "Hong Kong Financial Industry Helps Mainland Enterprises Sail Overseas" Exchange Luncheon hosted by the Economic and Trade Office of the Hong Kong Special Administrative Region Government in Shanghai, the Investment Promotion Agency of the Hong Kong Special Administrative Region Government, the Zhejiang Provincial Department of Commerce, and the Hong Kong and Macao Affairs Office of the Zhejiang Provincial People's Government was held in Hangzhou on June 15.
At the scene, Zhejiang enterprise representatives held close exchanges with heads of relevant departments of the Hong Kong Special Administrative Region and professional representatives from Hong Kong's legal, accounting, financial and other fields on how Zhejiang and Hong Kong can work together to go overseas.
Event site. Photo provided by the organizer
Zhejiang and Hong Kong are geographically close, have close human relations, and are economically and commercially integrated. As of April this year, more than 3,600 Zhejiang companies have taken root in Hong Kong, and more than 100 Zhejiang companies have been listed in Hong Kong.
Shi Qiqi, deputy director of the Zhejiang Provincial Department of Commerce, proposed in his speech that Zhejiang and Hong Kong should work together to achieve "service connectivity" and give full play to Hong Kong's role as a "super contact and super value-added person" connecting the domestic market with world capital, technology and talents, so as to achieve "a market in front, a backer behind, and a global network"; Strengthen "new quality cooperation", empower new quality productivity, open up key links in industrial implementation and global layout, and jointly tap into the blue ocean of a trillion-level market; deepen "platform sharing", continue to optimize platform carriers, carefully build platforms to empower enterprises, open up information channels, and promote Zhejiang-Hong Kong pragmatic economic and trade cooperation to a new level.
It is reported that Hong Kong is Zhejiang’s largest source of foreign investment and the second largest overseas investment destination. Hui Ching-yu, Secretary for Financial Services and the Treasury of the Hong Kong Special Administrative Region Government, said that mainland companies are welcome to list in Hong Kong. Hong Kong is the world's largest offshore RMB business hub and welcomes mainland companies to issue foreign currency bonds and RMB bonds in Hong Kong.
In addition to its financing advantages, Hong Kong's financial professional service level is among the best in the world. "This time I brought more than 30 professionals here, including the chairman of the Hong Kong Institute of Certified Public Accountants, the Hong Kong Chinese Fund Industry Association, the Hong Kong Federation of Insurance Companies and the Hong Kong Chinese Insurance Industry Association. I hope to comprehensively introduce Hong Kong's full chain of professional services to mainland companies, so that they can find the service providers they need when they go overseas." Xu Zhengyu said.
Previously, the Chief Executive of the Hong Kong Special Administrative Region, Li Jiachao, led a delegation composed of business representatives from Hong Kong and Mainland China to Central Asia and signed 96 cooperation agreements and memorandums with a total value of more than 1.65 billion US dollars.
As one of the representatives of Zhejiang enterprises accompanying the delegation, Vice President of Transfar Group Yao Chenpeng said frankly that Zhejiang enterprises should make good use of Hong Kong's various resources to connect overseas, such as the Chief Executive's business delegation, the "Belt and Road" Summit Forum, the Asian Financial Forum, etc. Such activities gather global resources and professional intermediaries and are efficient channels to broaden international horizons and find partners. At the same time, enterprises need to combine their own advantages to seize new opportunities in Hong Kong in the fields of innovative technology, biomedicine, and financial technology, and use Hong Kong as a strategic headquarters or R&D center to achieve "based on Hong Kong and radiating globally."
Liu Kaixuan, Director of Investment Promotion of the Hong Kong SAR Government, believes that the overseas layout of Chinese companies is moving from "single market expansion" to "multi-corridor growth". As the freest economy in the world, Hong Kong is a golden bridge for Chinese companies to reach emerging markets.
In response, the Hong Kong SAR government established a "Special Class for Mainland Enterprises Going Overseas", with Invest Hong Kong serving as the secretariat. Since its establishment, the "Special Class for Mainland Enterprises Going Overseas" has led companies in batches or plans to visit emerging markets such as the Middle East, ASEAN, Central Asia, Africa, and Latin America.
"In the next stage, we will continue to focus on the main lines of commodities, agricultural commodities, financial infrastructure, infrastructure, logistics and aviation." Liu Kaixuan said.
On the same day, the Financial Services and the Treasury Bureau of the Hong Kong Special Administrative Region and the Hangzhou Municipal People's Government signed a memorandum of cooperation. (over)
