Hong Kong's 2025 Policy Address Unveils Comprehensive Strategy to Strengthen Global Trade Position

By Burstable Editorial Team

TL;DR

Hong Kong's new initiatives provide enterprises with strategic advantages for global expansion through enhanced international cooperation and a $1.43 billion funding boost.

The Hong Kong SAR Government establishes the GoGlobal Task Force and Economic and Trade Express to systematically support mainland and local enterprises in overseas market expansion.

These measures strengthen Hong Kong's role as a global connector, fostering sustainable economic growth and creating new opportunities for businesses worldwide.

Hong Kong launches innovative programs like the E-Commerce Express and IP financing initiatives to transform trade digitalization and market access.

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Hong Kong's 2025 Policy Address Unveils Comprehensive Strategy to Strengthen Global Trade Position

The Hong Kong Trade Development Council (HKTDC) has expressed strong support for the 2025 Policy Address delivered by Hong Kong SAR Chief Executive John Lee, recognizing its comprehensive initiatives to bolster Hong Kong's economic development and international trade capabilities. The policy measures include deepening international exchange and cooperation while providing substantial support for mainland enterprises seeking overseas expansion through Hong Kong's platform.

Key initiatives outlined in the address include the establishment of the Task Force on Supporting Mainland Enterprises in Going Global, the creation of the Economic and Trade Express through collaboration between Economic and Trade Offices and overseas offices of InvestHK and the HKTDC, and a significant HK$1.43 billion injection into the BUD Fund. These measures are designed to strengthen Hong Kong's position as what HKTDC Chairman Prof Frederick Ma describes as a "superconnector, super value-adder and a high value-added supply chain service centre."

The newly formed GoGlobal Task Force, to be steered by the Secretary for Commerce and Economic Development, will work in conjunction with the Economic and Trade Express to facilitate both Hong Kong enterprises and mainland companies in accessing new markets and business opportunities globally. This coordinated approach leverages Hong Kong's unique advantages as a bridge between Mainland China and international markets, particularly valuable amid significant changes in global trade patterns and supply chain dynamics.

Additional measures focus on intellectual property development, with the Hong Kong SAR Government and HKTDC planning to bolster IP financing at the Business of IP Asia Forum to promote Hong Kong as a regional IP trading centre. The policy also supports the continued organization of the Hong Kong Shopping Festival under the HKTDC's E-Commerce Express, targeting mainland and ASEAN e-commerce markets specifically.

The Creativity • E-commerce - Beyond Limits programme, to be implemented by organizations including the Hong Kong SAR Trade and Industry Department and the HKTDC, will promote trade digitalization to reduce costs and improve operational efficiency. Prof Ma emphasized that these comprehensive measures will significantly enhance the competitiveness of Hong Kong enterprises and products in international markets while supporting small and medium-sized enterprises in critical areas such as digital transformation and supply chain solutions.

The HKTDC, with its network of 51 offices in mainland China and overseas, will actively support these policy initiatives and work closely with relevant government departments. The organization remains committed to aligning with national development strategies and Hong Kong SAR Government policy directions, focusing on bringing together the business community and attracting mainland enterprises to utilize Hong Kong as their platform for global expansion. For more information about HKTDC's initiatives, visit https://www.hktdc.com/aboutus.

Curated from NewMediaWire

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Burstable Editorial Team

Burstable Editorial Team

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