FINANCE

Hong Kong Launches Task Force to Shepherd Chinese Mainland Firms Overseas

Published: Oct. 7, 2025 6:59 p.m. GMT+8

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Hong Kong government officials, including Financial Secretary Paul Chan (left podium), attend the GoGlobal Task Force launch ceremony on Oct. 6. Photo: Government of Hong Kong

Hong Kong has launched a task force to help Chinese mainland companies expand overseas amid economic uncertainties and tariff challenges.

Expanding globally and “establishing supply chains and industrial chains” are major trends among mainland firms and an inevitable step for their sustained growth, Hong Kong Financial Secretary Paul Chan said at the launch ceremony Monday.

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Hong Kong launched the GoGlobal Task Force to support mainland Chinese companies’ overseas expansion amid economic uncertainty and tariffs.
The HKMA and Saudi Arabia’s Public Investment Fund plan a $1 billion fund for Greater Bay Area firms targeting the Saudi market.
85% of surveyed Chinese mainland firms plan overseas growth, focusing on Europe, the Middle East, and South Asia.

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Who’s Who

China International Capital Corp. Ltd.: China International Capital Corp. Ltd. (CICC) plays a role in helping mainland Chinese companies expand overseas. Diao Zhihai, head of international business at CICC's wealth management arm, noted that Hong Kong's capital markets are crucial for mainland companies to connect with international investors as they expand abroad.

HSBC: HSBC conducted a survey between April and May, finding that 85% of 1,000 mainland Chinese companies plan to continue their overseas expansion. These companies are particularly focused on markets in Europe, the Middle East, and South Asia, despite facing economic uncertainties and volatile tariffs.

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