(Hong Kong, Oct. 6, 2025) The Hong Kong Special Administrative Region Government held a launch ceremony this morning to officially establish the Mainland Enterprises GoGlobal Task Force, aimed at integrating resources from Hong Kong’s overseas offices to form a one-stop platform. The initiative proactively attracts Mainland enterprises to use Hong Kong as a platform for expanding into overseas markets. Financial Secretary Paul Chan Mo-po and Secretary for Commerce & Economic Development Algernon Yau Ying-wah attended and delivered speeches, with over 100 partners and representatives from institutions, as well as the legal, accounting, and banking sectors, participating to witness the launch.
In line with the Policy Address deployment by the Chief Executive, the Mainland Enterprises GoGlobal Task Force will integrate resources from InvestHK, the Hong Kong Trade Development Council, and Hong Kong Economic & Trade Offices in the Mainland to provide comprehensive support. In his speech, Financial Secretary Paul Chan emphasized that regional development will be a key driver for future international trade and economic growth, and Mainland enterprises venturing overseas—particularly in laying out supply chains and industrial chains in the Global South—is an inevitable trend. He stated: “The task force’s mission is not only to proactively attract Mainland enterprises to leverage Hong Kong as a platform for going global, but also to employ diversified approaches such as leading group visits to overseas markets, mobilizing and uniting forces from all sectors to maximize impact and achieve the best results. Under the task force’s oversight, our efforts to assist enterprises in going global will be deeper and broader, and we will introduce various policy measures, such as promoting the establishment of regional headquarters by Mainland banks in Hong Kong to support Mainland enterprises in overseas expansion and tapping into markets in Southeast Asia, the Middle East, and other regions.”
Algernon Yau, who oversees the task force, noted that the government hopes to converge professional forces from all sides through this platform, transforming enterprise potential into tangible outcomes and enabling more Mainland enterprises to successfully enter the world stage using Hong Kong as a springboard. He stressed that Hong Kong’s unique advantages under “One Country, Two Systems” will help enterprises leverage local networks to overcome challenges in going global.
At the launch ceremony, representatives from various industries shared their insights. Mr. Fang ( 方嘯 ), General Manager of Commercial Banking and Head of Hong Kong & Macau at The Hongkong and Shanghai Banking Corporation Limited (HSBC), revealed that a recent survey by the bank showed 85% of surveyed Mainland enterprises plan to expand into new overseas markets, with 28% targeting the Middle East and 27% aiming for South Asia. He said: “We have China business units in 26 global markets, with Chinese-speaking staff providing services to enterprises going global on the ground. As everyone knows, in the Pearl River Delta and Greater Bay Area, most enterprises know how to use Hong Kong to help them go global, but in other provinces, there is still significant room for growth. Therefore, we hope to connect with more promising companies through this GoGlobal Task Force.”
Miss Li ( 李舜兒 ), Managing Partner for Hong Kong & Macau at Ernst & Young (EY), pointed out that Mainland enterprises face multiple challenges in going global, including insufficient understanding of target market environments, difficulties in building local teams and supply chains, as well as evolving regulations and cultural differences. The firm established its China Outbound Investment practice in 2009 to provide one-stop services across all stages for Chinese enterprises, and it also has a Belt & Road professional services team with extensive industry experience in infrastructure, energy, finance, and telecommunications. She added: “We hope to make greater contributions to going global in the future.”
Mr. Fei ( 費思 ), Partner at King & Wood Mallesons, emphasized that as a law firm supporting numerous Mainland enterprises, the firm provides advice on strategy, law, and compliance. He believes that starting in Hong Kong allows Mainland enterprises to experience legal systems, compliance frameworks, regulatory regimes, and institutions in vastly different jurisdictions, better preparing them for overseas challenges. “I believe the establishment of the GoGlobal Task Force is crucial; it helps converge expertise from all walks of life, enabling professionals from different sectors to contribute to a common goal.”
Government sources revealed that the task force will deepen cooperation with Mainland enterprises through proactive outreach and policy enhancements, further consolidating Hong Kong’s position as an international financial and trade hub. For more details, refer to the relevant report on the Government Information Services website.
Reference: 政府新聞網 – 內地企業出海專班正式啟動
