More than 310 enterprises from mainland China or abroad have established or expanded operations in Hong Kong by early May, bringing in more than HK$26 billion (US$3.3 billion) in capital in the first year of operation, according to the government agency tasked with attracting foreign investment.
Casting a positive light on stabilising Sino-US relations following the Xi-Trump summit, InvestHK director general Alpha Lau Hai-suen said Hong Kong must proactively adapt to the changing international order and seize opportunities.
Speaking in a radio interview on Sunday, Lau said the market generally expected the Sino-US relations to stabilise for a while before a potential visit by Chinese President Xi Jinping to the United States in September.
“The days of the US looking at China simply as a cheap manufacturing hub – or the world must cater to the American market – are over. That shift started more than a year ago, and there’s no going back,” she said.
“The global community has widened its perspective. Countries across Southeast Asia, Africa, and beyond now recognise the need to ramp up trade and deepen ties with China, driving a broader surge in multilateral and bilateral partnerships worldwide.”
The Xi-Trump summit that concluded in Beijing last week resulted in an agreement to establish a “constructive Sino-US relationship with strategic stability”.
Lau said the ongoing Middle East war also offered opportunities for Hong Kong.
