Key facts
- Mainland Chinese technology giants are increasingly using Hong Kong as a "strategic adaptation ground" for international expansion.
- Companies are aiming to develop into global multinational enterprises by connecting markets, capital, corporate governance, talent, and R&D internationally.
- Hong Kong is selected not just for fundraising but as a platform for international development, leveraging its investor network.
- The city serves as a bridge between Chinese technological innovation and global capital.
- Paul Chan visited cutting-edge tech firms in AI, semiconductors, biotechnology, and the low-altitude economy during his trip to Shanghai and Nanjing.
Mainland Chinese technology giants are increasingly utilizing Hong Kong as a "strategic adaptation ground" to transition into global multinational enterprises, according to Hong Kong's Financial Secretary Paul Chan. Chan noted in his blog that these firms are moving beyond merely exporting products, instead focusing on integrating international capital, talent, branding, and research and development to establish overseas operations as new growth engines.
Chan explained that technology sector executives view their goal as developing into multinational enterprises, aiming for global connectivity in markets, capital structure, corporate governance, talent, and R&D, alongside production and supply chains. He highlighted that many mainland companies now choose Hong Kong not solely for its fundraising capabilities but as a crucial base for international development. This strategic choice reflects the companies' confidence in the city's international investor network and its recognized position as a platform linking Chinese technological innovation with global capital.
During his recent visit to Shanghai for the Lujiazui Forum, Chan engaged in discussions with representatives from cutting-edge technology enterprises. He also visited numerous companies specializing in fields such as artificial intelligence, semiconductors, biotechnology, and the low-altitude economy.