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Hong Kong economy
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Hong Kong’s future lies in helping Chinese firms go global, official investment adviser says

InvestHK associate director general Charles Ng says being the stepping stone to overseas key to city’s development

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Charles Ng, associate director general of InvestHK, envisaged that mainland companies would increasingly move to capitalise on Hong Kong’s advantages. Photo: K.Y. Cheng
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Hong Kong’s economic future increasingly lies in being the springboard propelling mainland Chinese companies into the global arena, the associate director general of the government’s investment promotion body has said.

With China’s “belt and road” global trade initiative and plans to link up the cities of Guangdong plus Hong Kong and Macau into a “Greater Bay Area”, the city will no longer only be a stepping stone for overseas companies to ride the Chinese boom, but more a base to help mainland firms go global, Charles Ng said.

Ng, associate director general of InvestHK, envisaged that mainland companies would in turn increasingly move to capitalise on Hong Kong’s advantages as an international financial, capital-raising and service centre to expand their horizons and tap overseas markets.

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The organisation is the government’s investment promotion agency responsible for helping firms set up operations in the city.

Charles Ng, associate director general of InvestHK, envisaged that mainland companies would increasingly move to capitalise on Hong Kong’s advantages. Photo: AFP
Charles Ng, associate director general of InvestHK, envisaged that mainland companies would increasingly move to capitalise on Hong Kong’s advantages. Photo: AFP
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“This will be an inevitable trend with mainland firms going hi-tech and aggressive. They want to conquer new markets,” he said.

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