TORONTO, May 14, 2015 /CNW/ - A Hong Kong-Guangdong province joint investment and partnership mission will explore collaboration opportunities between North American companies, Guangdong corporate investors, and Hong Kong service professionals at the upcoming Think Asia, Think Hong Kong symposium set for June 8 in Toronto.
Fourteen companies from Guangdong, which borders Hong Kong, will visit North America from June 7 – 14 to meet companies in Toronto, Chicago and San Francisco. They will be joined by eight Hong Kong professional services firms, including Crowe Horwath, KPMG, McMillan LLP, Choi, Lo & Co. and Roger Kam & Co. CPA.
"We believe the mission will deepen the understanding of the latest developments of automation and clean manufacturing, renewable energy and energy efficient technology in North America for the participating Guangdong and Hong Kong delegates," said mission leader Raymond Yip, Deputy Executive Director of the Hong Kong Trade Development Council (HKTDC).
"Through business matching and company visits, these parties will be able to connect, network, and discuss potential tripartite partnership opportunities with North American companies," said Yip. "Mainland companies are seeking to upgrade and transform by way of international partnerships in areas of advanced technologies."
Hong Kong Enables Investment Flows
Mainland companies increasingly seek overseas investment and partnerships in an array of industries, from natural resources and energy to intangible assets such as technologies, brands and distribution channels. Accumulated outward direct investment reached US$660 billion at the end of 2013, with close to 60 percent directed to, or channeled through, Hong Kong.
The Guangdong group includes: TCL Corporation, a major electronics conglomerate; China Aviation Industry General Aircraft, a subsidiary of state-owned aerospace company AVIC; Kang Dasi Trade Co. Ltd., which makes building materials; Guangdong Jingyi Metal Co. Ltd., a metalwork processor and manufacturer; and Kehua Foodstuff Machinery Industry and Commerce Co. Ltd., a food-machinery maker.
Hong Kong professional service companies consult on a full suite of investment-related services including fundraising, due diligence, risk management, intellectual property protection and post-transaction management, and provide counsel on sound legal and tax infrastructure, as well as Sino-foreign cooperation.
Hong Kong & Mainland Intelligence Available at Upcoming Events
The mission will also take part in "Think Asia, Think Hong Kong", the largest Hong Kong promotion to take place in Toronto. The promotion is organized by the HKTDC, and will showcase the advantages of Hong Kong's business services platform in helping North American companies to capitalize on opportunities in Asia, particularly on the mainland.
Each event will feature a "Hong Kong - The Gateway for Chinese Outbound Investment" session to examine how Hong Kong's world-class financial and professional services companies can help connect North American companies with Chinese capital.
About the HKTDC
A statutory body established in 1966, the Hong Kong Trade Development Council (HKTDC) is the international marketing arm for Hong Kong-based traders, manufacturers and services providers. For more information, please visit: www.hktdc.com/aboutus. Follow us on Google+ Twitter @hktdc LinkedIn
SOURCE Hong Kong Trade Development Council (HKTDC)
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