Chinese Tech, Pharma Firms View Hong Kong as Gateway for Overseas Expansion
SCMP · 1 SOURCESabout 2 hours ago2 MIN
Summary
Mainland Chinese technology and pharmaceutical companies are using Hong Kong as a launching pad for global expansion, industry leaders said during a six-day Greater Bay Area trip organized by the Hong Kong and Macau Affairs Office. Chen Jiehui, vice-chairman of Guangzhou Pharmaceutical Holdings, highlighted Hong Kong's unique blend of Chinese and Western cultures and its high degree of internationalization as key advantages for developing the traditional Chinese medicine industry . The state-owned pharmaceutical enterprise is considering investing in the Northern Metropolis megaproject, having held preliminary discussions with relevant parties . Wang Yuemiao, executive dean of PCI Technology Group's central research institute, noted that Hong Kong's mature international business network could help mainland enterprises engage overseas government agencies and industry partners more efficiently .
Key Points
- Guangzhou Pharmaceutical Holdings, a major state-owned pharmaceutical enterprise, is considering investing in the Northern Metropolis megaproject
- The Northern Metropolis aims to develop 30,000 hectares (74,132 acres) of land near the mainland border into a technological and economic hub
- Chen Jiehui said Hong Kong's international platform could help traditional Chinese medicine reach global markets, with Southeast Asia as a prime example
- Wang Yuemiao from PCI Technology Group said Hong Kong's mature international business network helps mainland firms engage overseas partners more efficiently
- The comments were made during a six-day Greater Bay Area trip arranged by the Hong Kong and Macau Affairs Office
Why It Matters
The growing interest from mainland Chinese firms in using Hong Kong as a springboard reflects the city's continued advantages as an international business hub bridging China and global markets. If major investments materialize in the Northern Metropolis, it could accelerate Hong Kong's transition into an innovation and technology centre while providing new opportunities for local professionals and enterprises.
The growing interest from mainland Chinese firms in using Hong Kong as a springboard reflects the city's continued advantages as an international business hub bridging China and global markets. If major investments materialize in the Northern Metropolis, it could accelerate Hong Kong's transition into an innovation and technology centre while providing new opportunities for local professionals and enterprises.