GOING OUT

Kennede Electronics has hopes of exploring investment opportunities in a number of areas, including Africa, in a bid to reduce its production costs, while strengthening its market coverage in Asia and Europe. Additionally, in order to advance its production and global sales, Kennede Electronics is in the process to set up a company based in Hong Kong to take advantage of the city’s professional services and trade facilities. More

Huizhou-based Welon Ltd is looking to expand its own-brand business in Southeast Asia. The company hopes to use its mainland and overseas designing and technological resources to develop high-end indoor and outdoor sporting goods. Welon provides ODM services to famous mainland and international brands. It also uses the brand advantage of foreign partners to open up both domestic and overseas markets. More

In order to ensure that its products meet the requisite quality and fire safety standards of overseas clients, the popular mainland wallpaper brand Yulan relies on inspection and testing services in Hong Kong. Now, by employing Hong Kong’s professional services which deal with matters such as market and financial information, Yulan is actively expanding its markets in Southeast Asia, Eastern Europe and other countries along the Belt and Road. More

While China continues to promote the Belt and Road initiative, Hong Kong has been regarded as the major service platform outside the mainland for tapping such opportunities. According to HKTDC surveys, mainland enterprises intended to sell more to Belt and Road, especially the Southeast Asian market, while some expressed an interest in going to Belt and Road countries to set up production facilities or to source various products and materials. More