SCED: Promoting Hong Kong's Unique Advantages as Platform for Mainland Enterprises to Go Global in Shanghai

SCED promotes Hong Kong's unique advantages as platform for Mainland enterprises to go global in Shanghai

The Secretary for Commerce and Economic Development, Mr Algernon Yau, today (June 29) attended a seminar entitled Hong Kong - Powering East China's Innovation and Technology Enterprises to Go Global during his duty visit to Shanghai. The seminar organised by the Task Force on Supporting Mainland Enterprises in Going Global (GoGlobal Task Force) of the Hong Kong Special Administrative Region (HKSAR) Government aimed to promote Hong Kong's business advantages and encourage Mainland enterprises, including innovation and technology companies in East China, to pursue overseas expansion strategies through Hong Kong as a platform. Vice Mayor of Shanghai Mr He Qing also attended the seminar and delivered remarks.

In recent years, the outbound strategies of Mainland enterprises have evolved from "single-market expansion" to "multi-corridor growth". As the world's freest economy, Hong Kong serves as a critical link between Mainland enterprises and emerging markets. With a robust combination of financial capital, innovation ecosystems, intellectual property protection and high-end global talent, Hong Kong provides comprehensive and multidimensional support for Mainland enterprises to go global. Coupled with the city's international professional services, Hong Kong serves as a vital accelerator for the overseas expansion of Mainland enterprises.

Speaking at the seminar, Mr Yau said that Shanghai has long been at the forefront of the country's reform and opening up, while Hong Kong and Shanghai share deep-rooted ties and maintain close co-operation. As a "super connector" and a "super value-adder", Hong Kong is well positioned to help Mainland enterprises efficiently connect with international markets, pool global capital, and expand their businesses worldwide.

Mr Yau noted that since its establishment at the end of last year, the GoGlobal Task Force under his leadership has been providing one-stop, comprehensive support services for enterprises through a three-step approach: "bringing in", getting ready for going global and "going global". This initiative helps Mainland enterprises expand overseas via Hong Kong and tap into the new opportunities under the Belt and Road Initiative.

At the same time, the HKSAR Government is accelerating the development of multiple innovation and technology projects in the Northern Metropolis and formulating a package of preferential policies to attract high-value-added industries and enterprises to set up in Hong Kong. Together with Hong Kong's strengths as an international financial centre, these efforts provide an ideal platform and springboard for East China's innovation and technology enterprises to go global. Mr Yau said he looked forward to deepening collaboration between Shanghai and Hong Kong, and co-operating closely to venture overseas to achieve mutual benefits.

The seminar is a large-scale promotional event organised by the Go Global Task Force in East China, cohosted by Invest Hong Kong (InvestHK), the Hong Kong Economic and Trade Office in Shanghai of the HKSAR Government, the Shanghai Municipal Commission of Commerce, and the Hong Kong and Macao Affairs Office of the Shanghai Municipal People's Government.

At the seminar, a representative from a Mainland financial institution elaborated on Hong Kong's functions and advantages as an ideal financing platform, while a representative from a Shanghai-based innovation and technology enterprise shared its successful experience of going global via Hong Kong. During a panel discussion moderated by InvestHK, representatives from the Hong Kong Trade Development Council and the Hong Kong Productivity Council introduced service platforms available to Mainland enterprises seeking to go global. Hong Kong professional service providers also shared how they leverage their expertise in venture capital financing, taxation, and accounting to help East China enterprises better expand into overseas markets.

Earlier in the day, Mr Yau met with the Chairman of the Commercial Aircraft Corporation of China Limited, Mr He Dongfeng, to gain a deeper understanding of the latest developments in the Mainland's aviation industry and exchange views on industrial co-operation and market expansion.Mr Yau also attended a dinner in celebration of the 29th anniversary of Hong Kong's return to the motherland organised by the Hong Kong Economic and Trade Office in Shanghai of the HKSAR Government. He had exchanges with government officials and business leaders of Shanghai at the dinner to deepen ties between Hong Kong and Shanghai.

Mr Yau will return to Hong Kong tomorrow (June 30).

The Secretary for Commerce and Economic Development, Mr Algernon Yau, today (June 29) attended a seminar entitled Hong Kong - Powering East China's Innovation and Technology Enterprises to Go Global during his duty visit to Shanghai. The seminar organised by the Task Force on Supporting Mainland Enterprises in Going Global of the Hong Kong Special Administrative Region Government aimed to promote Hong Kong's business advantages and encourage Mainland enterprises, including innovation and technology companies in East China, to pursue overseas expansion strategies through Hong Kong as a platform. Source: HKSAR Government Press Releases

The Secretary for Commerce and Economic Development, Mr Algernon Yau, today (June 29) attended a seminar entitled Hong Kong - Powering East China's Innovation and Technology Enterprises to Go Global organised by the Task Force on Supporting Mainland Enterprises in Going Global of the Hong Kong Special Administrative Region Government during his duty visit to Shanghai. Photo shows Associate Director-General of Investment Promotion of Invest Hong Kong Ms Loretta Lee speaking at the seminar. Source: HKSAR Government Press Releases

The Secretary for Commerce and Economic Development, Mr Algernon Yau, today (June 29) attended a seminar entitled Hong Kong - Powering East China's Innovation and Technology Enterprises to Go Global organised by the Task Force on Supporting Mainland Enterprises in Going Global of the Hong Kong Special Administrative Region Government during his duty visit to Shanghai. Photo shows participants discussing the service platforms needed by Mainland enterprises seeking to go global, and the strengths of Hong Kong's professional services at a panel discussion moderated by Invest Hong Kong. Source: HKSAR Government Press Releases

The Secretary for Commerce and Economic Development, Mr Algernon Yau (seventh right), today (June 29) attended a seminar entitled Hong Kong - Powering East China's Innovation and Technology Enterprises to Go Global organised by the Task Force on Supporting Mainland Enterprises in Going Global of the Hong Kong Special Administrative Region (HKSAR) Government during his duty visit to Shanghai. Vice Mayor of Shanghai Mr He Qing (seventh left); Deputy Director of the Shanghai Municipal Commission of Commerce Mr He Dongbin (sixth right); the Director of the Hong Kong Economic and Trade Office in Shanghai of the HKSAR Government, Ms Veronica Wong (sixth left); Associate Director-General of Investment Promotion of Invest Hong Kong Ms Loretta Lee (fifth right); Deputy Director General of the Hong Kong and Macao Affairs Office of the Shanghai Municipal People's Government Ms Ye Liang (fifth left); and the Regional Director of Eastern China of the Hong Kong Trade Development Council, Mr Kent Lyu (fourth right), also attended the seminar. Source: HKSAR Government Press Releases

The Secretary for Commerce and Economic Development, Mr Algernon Yau, today (June 29) attended a seminar entitled Hong Kong - Powering East China's Innovation and Technology Enterprises to Go Global organised by the Task Force on Supporting Mainland Enterprises in Going Global of the Hong Kong Special Administrative Region Government during his duty visit to Shanghai. Photo shows Mr Yau speaking at the seminar. Source: HKSAR Government Press Releases

The Secretary for Commerce and Economic Development, Mr Algernon Yau, today (June 29) attended a dinner in celebration of the 29th anniversary of Hong Kong's return to the motherland organised by the Hong Kong Economic and Trade Office in Shanghai of the Hong Kong Special Administrative Region Government. Photo shows Mr Yau speaking at the dinner. Source: HKSAR Government Press Releases

The Secretary for Commerce and Economic Development, Mr Algernon Yau, today (June 29) attended a dinner in celebration of the 29th anniversary of Hong Kong's return to the motherland organised by the Hong Kong Economic and Trade Office in Shanghai of the Hong Kong Special Administrative Region (HKSAR) Government. Photo shows Mr Yau (centre); the Director of the Hong Kong Economic and Trade Office in Shanghai of the HKSAR Government, Ms Veronica Wong (ninth left), and other guests proposing a toast at the dinner. Source: HKSAR Government Press Releases

Results of monthly survey on business situation of small and medium-sized enterprises for June 2026

The Census and Statistics Department (C&SD) released today (July 10) the results of the Monthly Survey on Business Situation of Small and Medium-sized Enterprises (SMEs) for June 2026.

The current diffusion index (DI) on business receipts amongst SMEs decreased from 44.4 in May 2026 in the contractionary zone to 44.0 in June 2026, whereas the one-month's ahead (i.e. July 2026) outlook DI on business receipts was 47.0. Analysed by sector, the current DIs on business receipts for some surveyed sectors dropped in June 2026 as compared with previous month, particularly for the real estate (from 49.3 to 45.6) and logistics (from 40.7 to 39.5).

The current DI on new orders for the import and export trades increased from 46.0 in May 2026 to 46.4 in June 2026, whereas the outlook DI on new orders in one month's time (i.e. July 2026) was 47.2.

Commentary

A Government spokesman said that business sentiment amongst SMEs remained cautious in June, in view of the uncertain development of the Middle East conflict. Both the current and outlook diffusion indices on business receipts for SMEs edged down slightly from the preceding month. Meanwhile, the overall employment situation continued to hold steady.

Looking ahead, the sustained expansion of the Hong Kong economy should provide support to business sentiment. Nevertheless, the global conditions remain fluid. In particular, any re-escalation of geopolitical tensions in the Middle East could weigh on business confidence. The Government will remain vigilant to the evolving external environment.

Further information

The Monthly Survey on Business Situation of Small and Medium-sized Enterprises aims to provide a quick reference, with minimum time lag, for assessing the short-term business situation faced by SMEs. SMEs covered in this survey refer to companies with fewer than 50 persons engaged. Respondents were asked to exclude seasonal fluctuations in reporting their views. Based on the views collected from the survey, a set of diffusion indices (including current and outlook diffusion indices) is compiled. A reading above 50 indicates that the business condition is generally favourable, whereas that below 50 indicates otherwise. As for statistics on the business prospects of prominent companies in Hong Kong, users may refer to the publication entitled "Report on Quarterly Business Tendency Survey" released by the C&SD.

The results of the survey should be interpreted with care. The survey solicits feedback from a panel sample of about 600 SMEs each month and the survey findings are thus subject to sample size constraint. Views collected from the survey refer only to those of respondents on their own companies rather than those on the respective sectors they are engaged in. Besides, in this type of opinion survey on expected business situation, the views collected in the survey are affected by the events in the community occurring around the time of enumeration, and it is difficult to establish precisely the extent to which respondents' perception of the business situation accords with the underlying trends. For this survey, main bulk of the data were collected around the last week of the reference month.

More detailed statistics are given in the "Report on Monthly Survey on the Business Situation of Small and Medium-sized Enterprises". Users can browse and download the publication at the website of the C&SD (www.censtatd.gov.hk/en/EIndexbySubject.html?pcode=B1080015&scode=300).

Users who have enquiries about the survey results may contact Industrial Production Statistics Section of the C&SD (Tel: 3903 7246; email: sme-survey@censtatd.gov.hk).

Source: AI-found images