Hong Kong commerce chief to lead joint local and mainland delegation to Malaysia
Hong Kong’s commerce chief is set to lead a delegation of mainland Chinese and local firms to Malaysia next week, noting that about 200 enterprises from across the border have already set up offices in the city since last year, using it as a stepping stone to go global. Secretary for Commerce and Economic Development Algernon Yau Ying-wah also said on Saturday that the city was eyeing emerging…
Hong Kong's Secretary for Commerce and Economic Development, Algernon Yau Ying-wah, will lead a delegation comprising both mainland Chinese and local businesses to Malaysia next week. The trip aims to explore business opportunities, sign agreements for bilateral investments, and attract foreign companies to Hong Kong. Since the initiation of the GoGlobal Task Force in October, approximately 200 mainland enterprises have established offices in Hong Kong, serving as a launchpad for their global expansion.
Yau highlighted that Hong Kong's expertise in global business contrasts with the mainland's enterprises' limited experience in overseas trade. The delegation's visit to Malaysia will involve assessing potential business prospects and strengthening industry chains, which could bolster China's domestic market. With the city's proactive approach to international trade, Yau remains confident that Hong Kong will surpass its goal of attracting foreign investment, as over 400 enterprises set up offices in the city during the first half of the year, injecting in excess of HK$50 billion (US$6.4 billion) into the economy.
Written by urgent.news from South China Morning Post's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
