Many mainland Chinese businesses that joined a Hong Kong-led delegation to Central Asia last month are preparing to list in the city to raise capital for global expansion, Chief Executive John Lee Ka-chiu has revealed.
At a summit on Tuesday, the city leader stressed that Hong Kong would continue to leverage its role as a “superconnector” and “super value-adder” to support businesses expanding overseas, amid accelerating global shifts and protectionism that were disrupting the international trade order.
“I know that many mainland companies accompanying the delegation are actively preparing for listing in Hong Kong,” Lee revealed, referring to the official delegation to Central Asia that he led last month to help enterprises explore new markets amid geopolitical uncertainties.
“[They] are making full use of Hong Kong’s financial strengths to raise the capital needed for their global expansion.”
The delegation to Kazakhstan and Uzbekistan included more than 40 local representatives from sectors ranging from logistics and innovation and technology to banking and aviation. More than 30 mainland entrepreneurs also joined the delegation.
