11th Belt & Road Summit Introduces New Initiatives to Help Mainland Firms Go Global
Hkgov · 1 SOURCESabout 5 hours ago2 MIN
Summary
The 11th Belt and Road Summit entered its second day at the Hong Kong Convention and Exhibition Centre on Thursday, introducing new initiatives to support mainland Chinese enterprises in their global expansion efforts. Secretary for Commerce and Economic Development Algernon Yau underscored Hong Kong's strategic position as an ideal launchpad for mainland businesses seeking international growth, highlighting the substantial progress achieved by the Government's GoGlobal Task Force since its establishment in October last year.
Key Points
- The summit debuted the Go Global Chapter and a dedicated GoGlobal Connect Zone specifically designed to assist mainland enterprises in expanding internationally
- Secretary Algernon Yau announced the GoGlobal Task Force has assisted over 300 mainland Chinese enterprises in setting up or expanding business in Hong Kong
- The task force has organised more than 20 promotional events and engaged over 5,000 representatives of mainland Chinese enterprises since its establishment
- The Northern Metropolis development will unlock new land and prospects for mainland companies to explore global opportunities
- Chen Li, CEO of a 3D mapping technology firm based at the Science and Technology Park since 2023, noted that operating in Hong Kong has accelerated her company's internationalisation through crucial ESG expertise
- Ms Chen participated in a Chief Executive-led delegation to Central Asia in June, emphasising Hong Kong's influence and ability to build direct bridges with international stakeholders
Why It Matters
The summit's new initiatives reflect Hong Kong's evolving role as a gateway connecting mainland enterprises with global markets, particularly amid increasing interest in Belt and Road cooperation. The Northern Metropolis development promises to further strengthen this positioning by providing additional land resources for international business operations, reinforcing Hong Kong's value proposition as Asia's premier business hub .
The summit's new initiatives reflect Hong Kong's evolving role as a gateway connecting mainland enterprises with global markets, particularly amid increasing interest in Belt and Road cooperation. The Northern Metropolis development promises to further strengthen this positioning by providing additional land resources for international business operations, reinforcing Hong Kong's value proposition as Asia's premier business hub .