Think Business, Think Hong Kong – 成就機遇．首選香港 – is a signature promotion campaign organised by the Hong Kong Trade Development Council (HKTDC) to showcase the city as a resilient business and innovation hub facilitating global businesses to capture new demands and realise business opportunities worldwide.
As Hong Kong reopens its doors to Mainland China and the world at large, the Hong Kong Trade Development Council (HKTDC) will roll out a full season of global trade fairs and conferences, coupled with a plethora of overseas promotions, to create opportunities for the Hong Kong, mainland and international business communities.
The Hong Kong Trade Development Council (HKTDC) projects that Hong Kong’s exports will grow 5% in 2023 – a recovery from the 6% decline this year. HKTDC Director of Research Irina Fan said: “Hong Kong’s exports will gradually regain growth momentum amid the receding pandemic, easing of COVID-19 restrictions and resumption of cross-border land transportation.”
Kung Wo Tong has been a well-established business for more than 100 years in Hong Kong. The company uses secret recipes passed down from the Qing dynasty to produce a herbal jelly using Guiling paste. The founder's granddaughter started her own business in recent years with her own brand Gui Ling Yuan Fang, aiming to modernise Hong Kong’s herbal tea culture and promote the concept of health preservation to a younger consumer base.
Companies in Thailand, one of the largest Association of Southeast Asian Nations (ASEAN) economies, hope to expand both within ASEAN markets and across the world – and could turn to the active financial markets of Hong Kong to raise funds.
Hong Kong businesses are known for their flexibility and adaptability. A family-owned factory, now in its second generation, has faced constant challenges since the current owner took over the operation, so it took the decision to actively diversify.
China’s Dual Circulation Strategy, laid down in the 14th Five-Year Plan, aims to develop offshore trade and investment in parallel with the country’s domestic economy. The strategy presents a golden opportunity for Hong Kong, which has long served as one of China’s gateways to the world. At the same time, the city serves as a perfect platform for mainland investment firms, giving easy access to both the mainland and the world at large.
Technology investors usually expect rapid returns on their assets, but the life sciences, especially medicine, have notoriously long development times. Returns can take decades to eventuate and ventures often turn out to be unviable.
Mainland China, the second-largest economy in the world, continues to draw strong market interest, especially in relation to the development of the Guangdong-Hong Kong-Macao Greater Bay Area (GBA).
Southeast Asian companies seeking to broaden their investor base are increasingly looking to list on offshore exchanges – and global financial hub Hong Kong ticks all the boxes in terms of their needs.
Following the COVID-19 pandemic, companies are accelerating campaigns to upgrade brands, transform e-commerce systems and develop new production and supply chains to ensure they remain viable as long-term businesses.
In order to accelerate the integration of information and communication technology (ICT) to create an intelligent manufacturing industry, Hong Kong-based innovation and technology company Nexsen sees Industry 4.0 as an opportunity to actively expand into offshore markets.