CEDB and MOC sign MOU on strengthening co-operation and exchange in provision of comprehensive overseas services
The Secretary for Commerce and Economic Development, Mr Algernon Yau, and Member of the Communist Party of China Leadership Group of the Ministry of Commerce (MOC) and Assistant Minister Mr Zhang Li met in Beijing today (February 11) to exchange views on supporting Mainland enterprises to go global. They also witnessed the signing of a Memorandum of Understanding (MOU) on strengthening co-operation and exchange in the provision of comprehensive overseas services.
With the signing of the MOU, the Hong Kong Special Administrative Region (HKSAR) Government and the MOC will strengthen co-operation and exchange in the provision of comprehensive overseas services by leveraging Hong Kong's unique advantages of enjoying the strong support of the motherland and being closely connected to the world under the "one country, two systems" principle, thereby fostering closer collaboration between Mainland enterprises seeking to go global and Hong Kong professional service providers, and strengthening the capacity of Mainland enterprises in going global. The MOU also supports the Hong Kong Trade Development Council (HKTDC) to develop a professional services platform, pooling together Hong Kong professional service providers in the field of finance, legal and dispute resolution, accounting and audit, testing and certification, etc, to support Mainland enterprises seeking to go global.
Mr Yau thanked the MOC for its continuous support in the investment promotion work of the HKSAR Government. Leveraging Hong Kong's unique advantages amid the opening up of the country, the HKSAR Government will support Mainland enterprises to go global, further foster investment and trade relations between Hong Kong and the Mainland, and strive to reinforce and enhance Hong Kong's status as an international trade centre.
Mr Yau said, "The country is implementing a high-level strategy of two-way opening up to encourage Mainland enterprises to go global. The MOC is spearheading the implementation of the related work in the provision of comprehensive overseas services. As a 'super connector' and a 'super value-adder', Hong Kong can help Mainland enterprises expand businesses abroad and overcome challenges encountered in the process. The Commerce and Economic Development Bureau has set up the Task Force on Supporting Mainland Enterprises in Going Global (GoGlobal Task Force) to co-ordinate cross-bureau, cross-departmental and cross-organisation work to provide one-stop go global support. The GoGlobal Task Force will make use of various channels to promote to target Mainland enterprises the advantages of using Hong Kong as a springboard to go global. It will also provide tailored services according to the needs of the enterprises to support their overseas expansion through Hong Kong."
Mr Yau added, "The HKTDC is currently developing a cross-sectoral platform, which assembles Hong Kong professional service providers from different fields to match them with different Mainland enterprises based on their needs, thereby supporting the enterprises to establish a foothold in Hong Kong and then expand their businesses overseas. The platform will also bring more business opportunities to the Hong Kong professional service providers and increase the influence of Hong Kong professional services locally and internationally. The GoGlobal Task Force will co-ordinate the organisation of different promotional events on the Mainland and Hong Kong, and will identify and attract enterprises to go global via Hong Kong."
In his 2025 Policy Address, the Chief Executive announced the establishment of a one-stop platform by mobilising Hong Kong's overseas offices, including those under Invest Hong Kong and the HKTDC, as well as Hong Kong offices on the Mainland, and has set up the cross-bureau, cross-departmental and cross-sectoral GoGlobal Task Force to proactively attract Mainland enterprises to go global via Hong Kong. Since its inception last October, the GoGlobal Task Force has worked closely with relevant Mainland authorities and progressively formulated and implemented relevant work.
Mr Yau concluded his visit this afternoon and willreturn to Hong Kong this evening.
The Secretary for Commerce and Economic Development, Mr Algernon Yau (second left), and Member of the Communist Party of China Leadership Group of the Ministry of Commerce and Assistant Minister Mr Zhang Li (first right) meet in Beijing today (February 11) to exchange views on supporting Mainland enterprises to go global. Also present is the Acting Permanent Secretary for Commerce and Economic Development, Miss Grace Kwok (third left). Source: HKSAR Government Press Releases
Photo shows the Secretary for Commerce and Economic Development, Mr Algernon Yau (second right); the Acting Permanent Secretary for Commerce and Economic Development, Miss Grace Kwok (first right); Member of the Communist Party of China Leadership Group of the MOC and Assistant Minister Mr Zhang Li (second left); and the Director General of the Department of Outward Investment and Economic Cooperation of the MOC, Mr Zhao Chunfeng (first left), after the signing of the MOU. Source: HKSAR Government Press Releases
Photo shows the Secretary for Commerce and Economic Development, Mr Algernon Yau (back row, right), and Member of the Communist Party of China Leadership Group of the MOC and Assistant Minister Mr Zhang Li (back row, left) witnessing the signing of the MOU by the Acting Permanent Secretary for Commerce and Economic Development, Miss Grace Kwok (front row, right), and the Director General of the Department of Outward Investment and Economic Cooperation of the MOC, Mr Zhao Chunfeng (front row, left). Source: HKSAR Government Press Releases
