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 of Chinese and local businesses to Malaysia next week. The trip aims to explore business opportunities and sign agreements for bilateral investments. Yau noted that about 200 mainland enterprises have set up offices in Hong Kong since last year, using the city as a stepping stone for global expansion.
The Hong Kong government hopes to attract businesses from other regions to the city, which could help develop its economy and strengthen the industry chain to support the mainland's "dual circulation" economic strategy. Yau emphasized that Hong Kong is well-positioned to act as a "superconnector" and "super value-adder" for overseas companies, helping them navigate foreign investment and develop the manufacturing sector.
The delegation will visit emerging markets in Africa, Central Asia, and Latin America, among others, to expand Hong Kong's role as a regional supply chain hub and consolidate its global trade and finance standing. Despite geopolitical tensions, Yau expressed confidence in Hong Kong's continued ability to attract foreign investment, with over 400 enterprises setting up offices in the city during the first half of the year, bringing in more than HK$50 billion in capital.
Written by urgent.news from South China Morning Post - Hong Kong's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
This story
This is one outlet's version. Read the fullest account.
