Algernon Yau to lead Malaysia outreach next week
RTHK · 3 SOURCESabout 1 hour ago2 MIN
Summary
Algernon Yau said he will lead mainland and Hong Kong enterprises to Malaysia next week for meetings with local officials and businesses, in the latest move under Hong Kong’s outbound business support drive. He said the government wants firms to secure concrete outcomes such as cooperation agreements and two-way investment, building on the 96 MOUs and roughly HK$1.7 billion generated during the earlier Central Asia visit led by Chief Executive John Lee.
Key Points
- Yau said the “go global” task force, created in October last year, has already staged more than 10 mainland promotion events in Beijing, Shanghai and Shandong.
- He said China has about 60 million enterprises, so overseas expansion requires organised planning that matches companies with their strengths and sector needs.
- Yau outlined a three-step strategy: bring firms into Hong Kong, help them use legal, accounting, certification and financing services, then organise overseas expansion.
- About 200 mainland companies have already established operations in Hong Kong with task force support and are preparing to expand abroad, according to Yau
- Yau said ASEAN is Hong Kong’s second-largest trading partner with trade exceeding HK$1.5 trillion, while future visits may include Turkey and Egypt
Why It Matters
The Malaysia trip signals that Hong Kong is trying to convert its intermediary role into measurable investment, supply-chain and headquarters activity, especially for mainland firms using the city as a launchpad. Yau also linked the strategy to broader economic goals, including reinforcing Hong Kong as a regional supply-chain centre, attracting foreign companies back to the city, and supporting both domestic and international circulation for the country.