Hong Kong serves as "super converter" for mainland firms going global: HKSAR financial chief

HONG KONG, June 28 (Xinhua) -- Paul Chan, financial secretary of the Hong Kong Special Administrative Region (HKSAR) government, said on Sunday that Hong Kong serves as a "super converter" for Chinese mainland enterprises to go global.

Chan said in his blog that Hong Kong is not only an important channel for attracting investment, but also a crucial bridge for mainland enterprises and products to enter international markets, as well as a converter of standards and rules between technological innovation and global markets.

Chan said that under the national dual-circulation strategy, Hong Kong's international advantages can effectively help mainland enterprises to connect with global markets.

He noted that internationalization is Hong Kong's unique strength, including the common law system, intellectual property protection, free flow of capital and other production factors, the convergence of international capital and talent, and professional services aligned with global standards. All these contribute to enterprises being able to move steadily and go further.

Chan said that the mainland's outstanding scientific and technological innovation capabilities can efficiently link with Hong Kong's international advantages, helping enterprises transform research achievements into overseas orders.

Meanwhile, Hong Kong can introduce international long-term capital to hard-tech enterprises in need of patient capital, enabling small, early-stage, and long-term investments, thereby supporting the growth of promising tech companies as well as emerging and future industries, he said.