HKETO Newsroom

May 25, 2018

Director of HKETO embarks on business promotion trip to Montreal

Director of the Hong Kong Economic and Trade Office (Toronto) (HKETO), Miss Kathy Chan, visited Montreal on May 25 and 26 to promote Hong Kong as an ideal gateway for Canadian enterprises to tap into the markets of Mainland China and beyond.

In delivering the welcome address at the 2018 National Conference organised by Hong Kong-Canada Business Association in Montreal on May 25, Miss Chan updated participants about the latest developments of Hong Kong. She noted the unparalleled advantages of doing business in Hong Kong including an open and free market, a level playing field for all businesses, the rule of law, a clean and efficient government, simple tax regime with low tax rates, and a rich pool of professional talents.

In particular, Miss Chan remarked that Hong Kong has implemented a new two-tiered profits tax system since April 2018, under which the profits tax rate for the first HK$2 million profits earned by incorporated businesses has been reduced from 16.5% to 8.25%. Additional tax deductions would also be provided for eligible research and development expenditure incurred by enterprises.

Apart from the ease of doing business, Hong Kong is an excellent gateway to Mainland China. In 2003, Hong Kong and Mainland China signed a Closer Economic Partnership Arrangement (CEPA) to provide more and better access for goods and services of Hong Kong into the Mainland China market. The content of the Arrangement has been enhanced continuously. “Today, under CEPA, Hong Kong can enjoy more preferential investment access than any other external investor in a wide range of services and non-services sectors on Mainland China”, Miss Chan said. She encouraged Canadian businesses to make use of this nationality-neutral arrangement to enjoy the benefits provided under CEPA by establishing a presence in Hong Kong or by working with a Hong Kong partner.

On top of CEPA, Hong Kong is actively participating in the new national strategy of the Chinese government of developing the Guangdong-Hong Kong-Macao Bay Area (the Bay Area). It will expand the hinterland of Hong Kong and create a lot more opportunities to people and businesses of Hong Kong and around the world. In addition, two new infrastructure projects would be commissioned later this year which would greatly enhance Hong Kong's connectivity to other places in the Bay Area. "The Hong Kong-Zhuhai-Macao Bridge will substantially shorten travelling time from Zhuhai to Hong Kong airport from four hours to 45 minutes, and the Guangzhou-Shenzhen-Hong Kong Express Rail Link will connect Hong Kong to Guangzhou in as fast as 48 minutes," Miss Chan elaborated.

Apart from Mainland China, the close trade relations between Hong Kong and the Association of Southeast Asian Nations (ASEAN) make the city the best gateway to explore the Southeast Asian market. “To capture the huge business potential presented by the fast-growing ASEAN market, the Hong Kong Special Administrative Region (HKSAR) Government has signed a new free trade agreement and a related investment agreement with ASEAN last year. These agreements will bring us more and better access to the ASEAN market,” Miss Chan said. When the agreements come into effect after completion of the necessary procedures, Canadian companies can enjoy the facilitation measures if they use Hong Kong as a base in Asia or partner with Hong Kong businesses.

Looking beyond Mainland China and ASEAN, Hong Kong is ready to partner with Canadian entrepreneurs to tap into the huge opportunities in the Belt and Road Region. The Initiative promulgated by the Chinese government is about enhancing connectivity amongst the relevant countries, expanding trade and investments and increasing people-to-people connections. “The Belt and Road Initiative will bring lots of opportunities ranging from advanced technological know-how and materials required for infrastructure building to associated logistics and financial services, as well as consumer products. Hong Kong's strategic location at the centre of Asia together with its unique business advantages make the city well-positioned to partner with Canadian companies to venture into the Belt and Road Region”, Miss Chan said.

Before closing, Miss Chan took the opportunity to invite Canadian entrepreneurs to join the third annual Belt and Road Summit to be held in Hong Kong on June 28 this year, so as to obtain the latest developments about the Initiative and meet potential business partners in the Belt and Road region.

The National Conference looks into the latest economic developments of China and the rest of Asia, as well as showcases how Canadian companies can use Hong Kong as the platform to tap into the opportunities presented by, amongst others, the Guangdong-Hong Kong-Macao Bay Area and the Belt and Road Initiative. HKETO is the lead sponsor of the event.

After the National Conference, Miss Chan attended HKCBA's National Board Meeting on May 26 and returned to Toronto on the same day.

May 25, 2018

香港經貿處處長在滿地可作商貿推廣

香港駐多倫多經濟貿易辦事處(香港經貿處)處長陳納思於五月二十五及二十六日到訪滿地可,推廣香港是加拿大企業進軍中國內地及其他地區市場的理想門戶。

陳納思於五月二十五日在港加商會於滿地可舉行的二O一八年全國會議上致歡迎辭。她向與會者介紹香港的最新發展和無可比擬的營商優勢,包括自由開放的市場、為企業提供公平競爭的營商環境、奉行法治、擁有廉潔及高效率的政府、實行簡單稅制及低稅率,並擁有大量專業人才。

陳納思特別提到,香港由二O一八年四月起實施新的利得稅兩級制,法團首200萬港元的利得稅率已由16.5%降至8.25%。企業的合資格研發開支亦可獲額外扣稅。

除了方便營商外,香港也是通往中國內地的絕佳門戶。香港及內地於二OO三年簽署《內地與香港關於建立更緊密經貿關係的安排》(《安排》),為香港貨物或服務進入中國內地市場提供更多及更佳的渠道,而安排的內容更持續增加。陳納思表示:「現時在《安排》下,香港可較其他外資在中國內地多個服務業及非服務業領域享有更優惠的投資待遇。」《安排》並無限制資金來源地,陳納思鼓勵加拿大企業到香港設立據點或與香港夥伴合作,以享受《安排》下的各項優惠待遇。

除了《安排》外,香港亦積極參與由中國政府提出發展「粵港澳大灣區」的國家新策略。有關發展將有助擴展香港的腹地,並為香港和全球的人及企業製造更多機會。此外,將於今年稍後啟用的兩項新基建項目將大大提升香港與大灣區其他城市的連繫。陳納思詳述說:「港珠澳大橋將來往珠海至香港機場的時間,由現時四小時大幅縮減至四十五分鐘,而廣深港高速鐵路可將來往香港與廣州的時間縮短至最快四十八分鐘。」

除了中國內地,香港與東南亞國家聯盟(東盟)的緊密經貿關係亦使香港成為進軍東南亞市場的最佳門戶。陳納思說:「為了抓緊增長迅速的東盟市場所帶來的巨大商貿潛力,香港特別行政區(香港特區)政府與東盟於去年簽訂新的自由貿易協定及相關投資協定。這些協定可為香港提供更多及更佳的渠道進軍東盟市場。」當這些協定所需程序完成並生效後,加拿大公司如以香港作為在亞洲的基地或夥拍香港企業,將可受惠於有關協定的便利措施。

除中國內地及東盟外,香港亦作好準備夥拍加拿大企業掌握「一帶一路」沿線地區的龐大機遇。由中國政府提出的「一帶一路」倡議,旨在促進相關國家之間的聯繫,擴展貿易投資及增加人與人的連繫。陳納思說:「『一帶一路』倡議將帶來無限商機,當中包括基建所需的先進技術知識和材料、相關的物流和金融服務,以至消費品。香港位處亞洲中心,加上其獨特的營商優勢,使香港有優厚條件與加拿大公司合作進軍『一帶一路』地區。」

最後,陳納思邀請加拿大企業於本年六月二十八日到香港參與第三屆「一帶一路高峰論壇」,以取得有關「一帶一路」倡議的最新發展資訊,並與出席論壇的商貿夥伴見面,共拓商機。

港加商會全國會議檢視了中國及亞洲其他地區的最新經濟發展,並展示加拿大公司可如何以香港作為平台,把握「粵港澳大灣區」及「一帶一路」倡議等措施所帶來的無限商機。香港經貿處為是次全國會議的主要贊助機構。

陳納思在港加商會全國會議後,於五月二十六日出席港加商會的全國董事大會,並在大會後同日返回多倫多。