The Alliance participated in the "One Belt, One Road" Forum: mutual benefits with Central Enterprises and investment environment of Industrial Park
Mr. Yan Xiao-feng, Secretary General of the State-owned Assets Supervision and Administration Commission of the State Council (SASAC), spoke at the exchange meeting.
The Hong Kong Commerce and Economic Development Bureau and the State-owned Assets Supervision and Administration Commission of the State Council (SASAC) jointly held the “Winning the ‘One Belt, One Road’ Opportunity with Central Enterprise - Industrial Park Investment Environment Exchange Meeting on August 14th in Hong Kong. It was to promote connectivity between Mainland Central Enterprises (Central enterprises) with Hong Kong enterprises and professional services, and to share the experience of building overseas industrial parks to explore opportunities for cooperation.
Mr. Yan Xiao-feng, Secretary General of the SASAC, led more than 40 SASAC personnel and representatives of central enterprises to participate in the meeting. Alongside with more than 200 representatives of companies and professional bodies of Hong Kong Chambers of Commerce, they had in-depth and pragmatic discussions on the construction of the park regarding on the “One Belt, One Road” project. Mr. Edward Yau Tang-wah, the Secretary for Commerce and Economic Development of Hong Kong, and Mr. Yan Xiao-feng delivered speeches at the exchange meeting.
At the exchange meeting, the representatives of the three central enterprises operating in overseas industrial parks shared their experience in park construction in different regions, as well as insights of investment environment, such as specific investment policies, tax systems and legal systems. These representatives are Mr. Hu Jian-hua, Director of China Merchants Group Co., Ltd., Mr. Sun Zi-yu, Vice President of China Communications Construction Group Co., Ltd., and Mr. Song Zhi-ping, Chairman of China National Building Material Group Co., Ltd. Futhermore, Mr. Jimmy Kwok Chun-wah, Chairman of The Federation of Hong Kong Industries, Mr. Henry Tan, Permanent Honorary President of The Hong Kong General Chamber of Textiles, and Ms. Connie Wong Wai-ching, Vice Chairman of The Hong Kong Chinese General Chamber of Commerce, shared their views on the expansion of overseas markets and entering the Industrial Park of Hong Kong enterprises.
Mr. Hu Jian-hua, Director of China Merchants Group Co., Ltd., has businesses operating in China-Belarus Industrial Park (Great Stone) and Djibouti International Free Trade Zone. In his sharing, he emphasized the importance of investing in different industrial parks worldwide to gain benefits from different places. He also mentioned the comprehensive development model of “Front Port - Central District – Back town”. Taking the port as the leader and entry point, and the coastal industrial park as the core and the main carrier, through the establishment of hard and soft environments, relevant industries complementing the park resources can thus be developed.
The view of Mr. Hu coincides with that of Mr. Sun Zi-yu, Vice President of China Communications Construction Group Co., Ltd. Mr. Sun currently has businesses operating in Myanmar Yangon New City, Serbian Park, Bangladesh Chittagong China Economic and Industrial Park, Sri Lanka Hambantota Industrial Park, Djibouti Salt Chemical Industrial Park and Ethiopian ARERTI Industrial Park.
Mr. Song Zhi-ping, Chairman of China National Building Material Group Co., Ltd., the world's no.1 building materials supplier, also mentioned the same concept. Other than investing in industrial parks around the world, maintaining international exposure also makes it easier to make more favourable investments.
Mr. Henry Tan, Permanent Honorary President of The Hong Kong General Chamber of Textiles, shared another point of view. He believes that it is crucial to integrate all considerations when investing and entering the Industrial Park. Also, different directions should be carefully weighed to make decisions more effectively.
The foremost consideration is about human resources, such as salary costs, labour supply, and education levels. There are also taxes and fees, water and electricity supply, steam supply, sewage treatment, etc., which are all direct considerations of the required investment funds and time. There are also other important considerations including tariffs, logistics packages, and complete supply chains.
The most important consideration is still talents and money. Regardless of the local grassroots labour supply, companies need to dispatch international management talents from Hong Kong to manage business operations and develop strategic directions. Living support and government support are factors that investors need to consider. These determine whether they can find the best talents and successfully retain them. In terms of funds, government's orientation, for instance, providing soft loans for projects, is also an important consideration. If investors can find financial support from private market, it will be a great boost to the development of the project.
Finally, Mr. Edward Yau Tang-wah, the Secretary for Commerce and Economic Development of Hong Kong, summarized the entire exchange meeting. He pointed out that the overseas industrial park is an ideal entry point for the mainland and Hong Kong to jointly expand the "One Belt, One Road" market. Summing up the unique advantages of Hong Kong in investment and financing, trading and logistics, law, accounting, engineering, management and other professional services and the past experience of enterprises, talent is a crucial factor. Hong Kong has professionals from all around the world who have extensive international exposure. Moreover, Hong Kong is an international financial centre where enterprises from China and abroad invest, establish companies, and even set up Asia headquarters. Thus, Hong Kong is an ideal place to search for talents.