Hong Kong has launched the Task Force on Supporting Mainland Enterprises in Going Global (GoGlobal Task Force) to strengthen its role as a strategic base for Mainland companies expanding into international markets.

The initiative, led by Secretary for Commerce and Economic Development Algernon Yau and witnessed by Financial Secretary Paul Chan, was introduced as part of the 2025 Policy Address.

It aims to integrate Hong Kong’s overseas offices, Invest Hong Kong (InvestHK), the Hong Kong Trade Development Council, and the city’s Mainland offices into a one-stop platform to attract Mainland enterprises seeking to expand overseas through Hong Kong.

At the launch ceremony, Paul Chan delivered opening remarks followed by a presentation by Algernon Yau on the task force’s future plans.

The event brought together more than 100 representatives from government bodies, professional organisations, and industries including legal, accounting, finance, and banking.

Financial Secretary, Paul Chan, said that Mainland enterprises expanding globally, particularly into the Global South, are following an important trend in pursuit of sustained growth.

“To better seize the opportunities arising from this development, we have established the GoGlobal Task Force, led by the Secretary for Commerce and Economic Development. This task force will coordinate efforts across various policy bureaus, departments and agencies to provide stronger and more comprehensive support for the overseas expansion of Mainland enterprises,”

he said.

He added that the task force is defined by three main features.

“First, high-level coordination to ensure strategic oversight, efficient communication and swift execution. Second, pooling our strengths by working closely with public institutions, professional bodies and business organisations to create synergies. Third, proactive engagement to encourage Mainland enterprises to leverage Hong Kong as a platform for overseas expansion and to mobilise stakeholders across sectors through initiatives such as market visits and outreach activities.”

The GoGlobal Task Force plans to finalise its strategies and work plan by the end of 2025 and will hold its first major promotional event to highlight its initiatives.

InvestHK will coordinate the task force’s efforts in collaboration with relevant policy bureaux, departments, Mainland offices, professional associations and industry partners to encourage more Mainland enterprises to expand globally through Hong Kong.

Featured image credit: InvestHK