One of Hong Kong’s largest business chambers is taking on a bigger role in leading trade delegations to help local and mainland Chinese firms reach new markets abroad, with plans to visit Osaka this week and Hangzhou in December, according to its new chairman.
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Chief Executive John Lee Ka-chiu highlighted in his policy address last week the Federation of Hong Kong Industries’ recent business trip to Vietnam as an example of how the city was pooling industry strengths to support companies’ efforts to go global.
Anthony Lam Sai-ho, who became chairman of the federation in early August, said that the government’s recently announced measures to develop new and emerging industries, fast-track the Northern Metropolis mega development, and support businesses through various funds and subsidies, would also help Hong Kong identify new growth areas.
He noted that the policy address’s clear direction on how Hong Kong should leverage new opportunities was “more concentrated on going out” into the world.
Lee had cited the federation’s trip to Vietnam, in collaboration with the Hong Kong Association of Banks, as an initiative to collectively explore business opportunities in Southeast Asia and support the “‘going global’ platform”.
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Lam said that for the trip to Osaka, Japan, on September 22 to 25, apart from visiting the Expo 2025, the delegation would study the city’s model for industrial upgrading in modern manufacturing and biotechnology, and also explore the silver economy.