Ma says TDC to step up pivot to Central Asia
Trade Development Council chairman Frederick Ma on Monday said the body would consider scaling up its presence in Central Asia. He said the TDC had already set up an office in Almaty, Kazakhstan’s largest city, and was planning to increase manpower there to handle increasingly active business dealings and information enquiries. For the next step, it would study upgrading the office or setting up…
Trade Development Council chair Frederick Ma announced on Monday that the organization would consider expanding its presence in Central Asia. The TDC currently operates an office in Almaty, Kazakhstan's largest city, and plans to bolster the workforce there to manage growing business interactions and inquiries. The next steps involve evaluating the possibility of upgrading the office or establishing additional branches in other Central Asian nations.
Ma also informed that eight companies from Belt and Road countries have applied for listing with the Securities and Futures Association (SAR). Additionally, he expressed optimism that more firms in emerging markets would leverage Hong Kong's financial expertise to broaden their business horizons. Ma emphasized that improved Sino-US relations would benefit the city as well.
He stated that Hong Kong's exports have seen a significant increase, with a 40 percent rise in the first eight months of the current year. In response to this strong export performance, the Trade Development Council revised its export forecast upward to between 42 to 47 percent. Ma concluded by noting that a robust relationship between the US and China would not negatively impact Hong Kong's business, and the city continued to thrive, particularly in the AI and semiconductor sectors.
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