Hong Kong launches task force to help mainland Chinese firms go global

Hong Kong will offer one-stop tailor-made professional services to mainland Chinese enterprises, the city’s commerce chief has said, as a task force dedicated to helping businesses from across the border expand their overseas presence has officially been established.

Secretary for Commerce and Economic Development Algernon Yau Ying-wah also said that the task force, which he leads and was set up on Monday, included members from the business, legal, accounting and investment sectors to help explore new emerging markets.

“As the country shifts to high-quality development from high-speed growth, more mainland enterprises are actively expanding into overseas markets, especially in the Global South, belt and road countries and other emerging economies,” Yau said as he delivered the opening remarks at the task force’s launch ceremony.

“Such enterprises need not only capital but also proper strategies and overseas networks, so Hong Kong will play the role of providing them with confidence and guarantees as they expand globally.”

The task force was formed approximately two weeks after Chief Executive John Lee Ka-chiu announced in his policy address that the government would establish the Task Force on Supporting Mainland Enterprises in Going Global (GoGlobal Task Force) to encourage mainland enterprises to utilise Hong Kong as a platform for expanding their businesses overseas.

With the task force, Hong Kong is expected to fully integrate into overall national development by capitalising on strategies such as the Greater Bay Area and high‑quality cooperation under the Belt and Road Initiative.