'HK crucial for mainland firms' global expansion'
Mainland companies have hailed the city’s annual flagship finance and technology event, saying it offers an opportunity for them to carry out exchanges with potential overseas partners. Speaking on the sidelines of the Hong Kong Fintech Week and StartmeupHK on Monday, Liu Yong from the Zhongguancun Fintech Industry Development said this year was their third time participating in the event. He…
Mainland companies have praised Hong Kong's annual finance and technology conference, highlighting it as a platform to engage with overseas partners. Liu Yong, from Zhongguancun Fintech Industry Development, mentioned that this is their third year attending the event. He emphasized Hong Kong's role as a super connector for the mainland in establishing a presence abroad.
"Hong Kong can fully leverage its strength in international talent as it is a leading international financial center with strong accounting standards," Liu explained. Mu Rong, from the Greater Bay Area fintech delegation, noted that firms previously cautious about expanding overseas are increasingly setting up operations in Hong Kong.
"Some of these tech companies are already profitable, and their overseas orders surpass those from the mainland," she added. Mu stressed that firms aiming to venture into international markets are now more likely to collaborate rather than go solo. Wang Yu, representing a Union of Finance Alumni delegation, pointed out that over 30% of the firms in their group, particularly those specializing in AI, are committed to global expansion.
Wang highlighted Hong Kong's cultural and linguistic advantages as key factors for global business success.
Written by urgent.news from RTHK News - Finance's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
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