Hong Kong makes further in-roads in AI, aviation at mainland Chinese expo
Hong Kong is forging deeper ties with the mainland across artificial intelligence (AI), aviation and professional services, industry insiders at China’s global import expo have said. Tech executives and accounting veterans discussed how to leverage Hong Kong’s strategic position, such as through the Northern Metropolis megaproject near the mainland Chinese border, while the city’s flag carrier…
Hong Kong is strengthening its connections with mainland China in key sectors such as artificial intelligence, aviation, and professional services, according to industry insiders at China's largest import expo. Tech executives and accounting professionals discussed leveraging Hong Kong's strategic location, with the Northern Metropolis megaproject near the border serving as a prime example.
The city's flagship carrier, Cathay Pacific, showcased its refrigerated sea logistics service to Dongguan, Guangdong province, alongside existing air-to-air services to Guangzhou and the Air-Land Fresh Lane through Zhuhai and Macau. This demonstrates Hong Kong's growing role as a hub for intermodal trade. Andrew Chen, founder of Mindverse, an AI company with operations in both Hong Kong and Shenzhen, noted that operations across the border are becoming more seamless.
He emphasized that Hong Kong and mainland China are merging their ecosystems. The CIIE saw about 400 Hong Kong companies participating, representing nearly a tenth of non-mainland companies, and concentrating in areas like trade services and food. Zhu Jiandi, chairman of accounting firm BDO Greater China, highlighted the importance of synergy between Hong Kong and the mainland for economic growth.
Professional services can help mainland companies with corporate governance, tax planning, and reduce redundant burdens. Cathay Pacific's booth at the expo highlighted its role in enhancing connectivity between Hong Kong, mainland China, and the global Greater Bay Area. Baidu's executive vice-president, Shen Dou, stressed that AI implementation should be rooted in regional advantages, particularly the "one river, two banks" and "one zone, two parks" framework connecting Hong Kong and the mainland.
The projects aim to cut costs, boost efficiency, and create new industries. Chief Executive John Lee Ka-chiu met with Mindverse's Chen, expressing his hope for the company to achieve HK$2 billion in annualized revenue soon.
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.
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