John Lee's Strategic Focus on Economic Development at the China International Import Expo

John Lee's Visit and Economic Strategy

Hong Kong's Chief Executive John Lee Ka-chiu recently concluded a significant visit to Shanghai during the China International Import Expo (CIIE). His administration's focus is now firmly on economic development, aimed at enhancing collaboration with mainland China.

Highlighting Cooperation

• Lee expressed confidence in fostering close ties between Shanghai and Hong Kong in various sectors.
• He cited examples of cooperation in trade, finance, and innovation.

During his visit, Lee engaged with officials, emphasizing the importance of the technology sector and its role in economic growth.

Shifting Investor Interests

According to Andrew Yao Cho-fai, chairman of the Federation of Hong Kong-Shanghai Associations, there is a notable shift in preferences among Shanghai companies looking at Hong Kong as a gateway for international expansion.

• Many enterprises are seeking growth opportunities outside mainland China due to an economic slowdown.
• Furthermore, local companies are increasingly interested in biotech and health sectors.

Memorandums and Collaborations

On Lee's second day in Shanghai, memorandums were signed with five mainland companies mostly focused on technology, marking a pivotal step for future expansions in Hong Kong.

• Kent Lyu Jian noted that investors prefer more direct exchanges with local authorities.
• Local exhibitors anticipate the CIIE will enhance their presence and relationships within the mainland market.

Future Opportunities

Hong Kong businesses like Swire and Cathay Pacific Airways showcased their interests during the expo, aiming to leverage their networks for future growth.

With a focus on building business relationships, Hong Kong is set to play a critical role in the mainland's economic landscape.