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Hong Kong urged to become a “super partner” for overseas expansion
A major chamber of commerce submitted 65 recommendations for Hong Kong’s first five year plan, including an annual review and a push to take on investment and operations roles.
Hong Kong should expand its role in supporting businesses going abroad, positioning the city as a “super partner” that can also invest and participate in operations, rather than focusing only on connections and services, according to the Chinese General Chamber of Commerce.
The chamber head Jonathan Choi Koon-shum said the city can build on strengths such as having more than 10,000 enterprises in the Pearl River Delta, and the well-run MTR and airport, while leveraging Hong Kong capital to support overseas moves across Asean, the Middle East, Central Asia and Europe.
The recommendations were presented to the government alongside guidance on Hong Kong’s maiden five-year plan and the city leader’s final policy address of his term, with the chamber also calling for an annual review to be built into the plan.
The government has also launched a two-month public consultation that began June 15 on the first five-year blueprint, which is designed to align Hong Kong’s development with the national plan, with the blueprint due in the third quarter, the SCMP Economy reported.