HK to open up trade ties with Africa: commerce chief
Commerce secretary Algernon Yau on Wednesday said foreign businesses remain confident in Hong Kong's business environment, with the number of non-local companies setting up in the city reaching a record high. Speaking on an RTHK programme, Yau said the total number of parent companies based outside Hong Kong that have established operations here has been on the rise and has exceeded 10,000. The…
Hong Kong's commerce chief has announced plans to expand trade ties with African countries, according to a recent interview. Commerce Secretary Algernon Yau stated that foreign businesses continue to have confidence in Hong Kong's business environment, with the number of non-local companies establishing operations in the city reaching a record high.
The Secretary for Commerce and Economic Development emphasized that Hong Kong remains an attractive destination for foreign investment, despite geopolitical challenges. Yau expressed optimism about connecting trade ties with Türkiye and Egypt, and plans to lead a delegation to these countries in January next year to establish economic and trade routes to African countries.
Authorities will assess business opportunities and risks in these new markets to ensure smooth overseas expansion for enterprises. Additionally, Hong Kong will help mainland firms go global, creating more job opportunities in the city while bolstering its trade, finance, and legal services. However, Hongkong Post is expected to continue recording losses due to the growth of e-commerce and changes in consumer habits.
The authorities plan to review the operation of Hongkong Post to explore measures to restore it to a financially stable state.
Written by urgent.news from RTHK English's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
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- HK to open up trade ties with Africa: commerce chief news.rthk.hk
