HKETO Newsroom

May 10, 2023

HKETO Director joins the “Hong Kong-Markham Tech Exchange” to promote I&T developments in Hong Kong

Director of the Hong Kong Economic and Trade Office (Toronto) (HKETO), Ms Emily Mo, joined the 2nd “Hong Kong-Markham Tech Exchange” hybrid event hosted by the HKETO, the City of Markham, Invest Hong Kong (InvestHK) (Canada) and the Canadian Chamber of Commerce in Hong Kong on May 10, drawing more than 100 participants from Hong Kong and Canada.

This event aims to create a platform for exchange of ideas and bringing together innovative and technology (I&T) companies and forward-looking entrepreneurs to share insights on the emerging technological developments in the green battery energy sector and successful global expansion strategies between the cities of Hong Kong and Markham.

In delivering welcome remarks, Ms Mo noted that Hong Kong and Markham share a rich history of cultural exchange and economic cooperation. “The two places share talents, energy and entrepreneurial spirit,” Ms Mo said. “Many companies in Hong Kong and Markham have already set up operation in both cities to achieve global expansion.”  Looking forward, with all the new developments in Markham, including the opening of York University’s new campus nurturing more I&T talents and enterprises, the bond between Markham and Hong Kong will grow stronger.

Ms Mo said that under the “one country, two systems” principle, Hong Kong maintains its own immigration, trade and legal systems and share many of the values with Canada such as the rule of law, strong intellectual property protection, international professional services and talents, etc.  “Something that Hong Kong cannot be beat also include our low and simple tax rate and access to the mainland China, including the Guangdong-Hong Kong-Macao Greater Bay Area, and other parts of Asia,” Ms Mo added.  

For entrepreneurs, Hong Kong provides capital from around the world for local and foreign companies registered in Hong Kong.  “The Hong Kong Special Administrative Region Government has been launching new schemes to allow easy flow of capital and talent from Mainland China to Hong Kong which has become the world’s leading fundraising hub for biotechnology companies,” Ms Mo said.

“Another close Canada-Hong Kong connection is our common goal to develop green economy,” Ms Mo continued. “Hong Kong becomes Asia’s first in green financing.  While Canadian government sets a key priority on green economy in its latest Budget, Canadian companies thriving in this area may also look for funding and scale-up opportunities in Hong Kong.”

Following Ms Mo’s remarks, Head of InvestHK Canada, Mr Christopher Chen, discussed with industry leaders about Hong Kong’s I&T developments, and how Hong Kong can support I&T entrepreneurs to explore the business opportunities there. Other speakers also shared their first-hand experience in exchanging between Markham and Hong Kong.  

May 10, 2023