Global Markets
Home›Global Markets›Trade & Tariffs›Mainland firms in Central Asia delegation plan Hong Ko…
Mainland firms in Central Asia delegation plan Hong Kong listings
Hong Kong’s chief executive said the June trip to Kazakhstan and Uzbekistan brought more than 40 local sector representatives, plus over 30 mainland entrepreneurs, supporting a push to raise capital for overseas growth.
Many mainland Chinese businesses that joined a Hong Kong-led delegation to Central Asia last month are preparing to list in Hong Kong to raise capital for global expansion, according to Hong Kong Chief Executive John Lee Ka-chiu.
In remarks at a summit Tuesday, Lee said Hong Kong would keep leveraging its role as a “superconnector” and “super value-adder” for companies expanding overseas, citing accelerating global shifts and protectionism that are disrupting the international trade order.
Lee linked the plans to the June delegation to Kazakhstan and Uzbekistan, which he said included more than 40 local representatives across sectors such as logistics, innovation and technology, banking, and aviation.
He added that more than 30 mainland entrepreneurs also joined the trip as businesses sought new markets amid geopolitical uncertainties, SCMP Economy reported.