HK a launchpad for mainland firms

Citing access to capital, a robust sales network and an educated labor force, a majority of private mainland firms say Hong Kong is the ideal springboard for expanding into global markets, according to a Hong Kong Trade Development Council survey. Nearly 67% of the respondents said they aim to establish an overseas market and sales network through Hong Kong, while 62% said Hong Kong is their top source for seeking offshore investors and business partners. Sixty-eight mainland private enterprises pumped nearly US$470m into Hong Kong last year since Beijing relaxed controls on mainland investment in Hong Kong.