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

By FisherVista

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, which outlines comprehensive initiatives to strengthen Hong Kong's position as a global trade and economic hub. The policy measures include deepening international exchange and cooperation while supporting mainland enterprises in overseas expansion through Hong Kong's platform.

HKTDC Chairman Prof Frederick Ma emphasized that the diverse policy measures demonstrate the government's commitment to showcasing Hong Kong as a superconnector, super value-adder, and high value-added supply chain service center. Key initiatives include establishing the Task Force on Supporting Mainland Enterprises in Going Global, creating the Economic and Trade Express collaboration between Economic and Trade Offices and overseas offices of InvestHK and HKTDC, and injecting $1.43 billion into the BUD Fund to support business development.

The creation of the GoGlobal Task Force, steered by the Secretary for Commerce and Economic Development, will enable both Hong Kong enterprises and mainland companies to expand overseas through Hong Kong's platform, helping them access new markets and business opportunities. The policy also strengthens intellectual property financing at the Business of IP Asia Forum to promote Hong Kong as a regional IP trading center.

Amid significant changes in international trade and supply chains, the HKTDC will leverage its network of 51 offices in mainland China and overseas, along with extensive experience in business matching through conferences and exhibitions. The organization will actively support the Policy Address initiatives and collaborate with relevant departments to capitalize on Hong Kong's unique advantages as a connector linking Mainland China and the world.

The policy includes specific measures to support small and medium-sized enterprises (SMEs) in embracing innovation and technology, particularly in digital transformation and supply chain solutions. The continued organization of the Hong Kong Shopping Festival under the HKTDC's E-Commerce Express will cover mainland and ASEAN e-commerce markets, while the Creativity • E-commerce - Beyond Limits program will promote trade digitalization to reduce costs and improve efficiency.

These comprehensive measures are designed to strengthen the competitiveness of Hong Kong enterprises and products in international markets, aligning with national development strategies and supporting sustainable economic growth through enhanced global connectivity and innovation-driven development.

Curated from NewMediaWire

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FisherVista

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