Business links between Hong Kong and Southeast Asia are growing faster than a rain-forest bamboo grove, prompting the Hong Kong Trade Development Council (HKTDC) to organise a mission to Singapore, the business hub of the Association of Southeast Asian Nations, Indonesia, the biggest ASEAN member, and nimble technology developer Malaysia.
The two-day Think Business, Think Hong Kong (TBTHK) promotion in the Thai capital last Thursday and Friday received an enthusiastic response from Thai government officials and business leaders.
The Association of Southeast Asian Nations (ASEAN) is maturing into a key market and investment destination for Hong Kong firms, as well as a source of commodities and capital. Bangkok, capital of Thailand, lies in the heart of this fast-growing region.
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.
Say “Chile” to most Hong Kongers and the first thing that springs to mind will be supermarkets – the range of wines and out-of-season fruits brought in from the Southern Hemisphere country that spans 39 degrees of latitude and nearly 7,000 metres of altitude.
Web 3.0, blockchain, the Metaverse and other nascent technologies are at the cutting edge of industrial development and naturally create a need for agile, skilled and dynamic software developers. The Guangdong-Hong Kong-Macao Greater Bay Area is a hotspot of industrial development, generating strong demand for expertise in these technologies.
Trade, investment and business collaboration between the Association of Southeast Asian Nations (ASEAN) and the Guangdong-Hong Kong-Macao Greater Bay Area (GBA) is growing rapidly. Legal disputes are bound to arise and Hong Kong is perfectly placed as a litigation and dispute resolution centre.
Indonesian companies could turn to Hong Kong as a fund-raising platform, drawn by the city’s global financial-hub status and strengths in finance, technology and other sectors which are growing rapidly in the archipelago.
Hydroponic cultivation calls to mind galleries with thousands of plants growing on shelves under but Hong Kong start-up Farmacy HK is rolling out Farming as a Service (Faas), supplying vending-machine sized Smart Mobile Farms to bring herb and vegetable cultivation right to consumers.
Many big, resource-rich countries have special-purpose capitals – think Brasilia, Canberra or Ottawa – and Indonesia plans to do the same, establishing a smart city Nusantara on the east coast of Borneo as a new home for the capital, which is now Jakarta.
As the Belt and Road Initiative reaches its 10th anniversary the international intermodal railway – the China-Laos Express connecting Chengdu, Chongqing and Vientiane, the capital of Laos – has gone into operation, greatly improving the flow of people and logistics between Mainland China and Association of Southeast Nations (ASEAN) members, and has also led more and more mainland companies to choose to expand their business to Southeast Asia.
Mainland China presents massive domestic sales opportunities. The Hong Kong Trade Development Council (HKTDC) led Hong Kong companies to participate in the China International Import Expo (CIIE) in Shanghai last year and helped Hong Kong companies find partners to introduce organic and healthy foods from countries along the Belt and Road to the mainland market.
As the largest Association of Southeast Asian Nations (ASEAN) country prepares to shift its capital from Jakarta on Java Island to the less crowded Borneo Island, Hong Kong infrastructure development and real estate-related services companies will have many investment and business opportunities.
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.