Secretary for Commerce and Economic Development Edward Yau: Hong Kong is a "super converter" for Mainland enterprises going global

The Financial Secretary of the Hong Kong Special Administrative Region Government, Paul Chan Mo-po, stated in a blog post on the 28th that Hong Kong is not only an important channel for investment attraction, but also a "key link" for Mainland Chinese enterprises and products to reach the international market, as well as a "converter" for standards and rules between technological innovation and the international market. Chan Mo-po stated that under the national development strategy of "dual circulation," Hong Kong's international advantage can effectively assist Mainland Chinese enterprises in connecting with the global market. He summarized his visits to Dalian and Xi'an over the past week, saying that internationalization is Hong Kong's unique advantage, including the common law system, protection of intellectual property rights, free flow of factors of production such as capital, convergence of international capital and talent, and professional services that are aligned with international standards. All of these factors help companies "move steadily and far." Chan Mo-po said that Mainland China's outstanding scientific and technological capabilities can effectively work together with Hong Kong's international advantages to help companies convert research and development results into overseas orders. Additionally, Hong Kong can introduce international long-term capital for hard-tech companies that require "patient capital," enabling them to "invest small, invest early, and invest long term," supporting the growth of promising scientific and technological enterprises, as well as emerging and future industries. Furthermore, the strong entrepreneurial atmosphere in the developing northern metropolitan area of Hong Kong is highly compatible with places like Xi'an, creating a positive cycle of mutual empowerment in education, technology, talent, and industry.