China Watch Blog wishes to introduce Shipping Hong Kong week, which will be held between Feb 27th – Mar 2, 2012, comprising one day conferences, forums and meetings co-ordinated by maritimemarketing (www.maritimemarketing.com.hk), as well as a 3 day maritime exhibition (ChinaMaritime2012 at the HKCEC), to boost Hong Kong’s profile and image in the global shipping markets as the “Gateway to Greater China”.
The event received a major boost through Beijing ’s Central Government’s statements which designated the territory as the main platform to expand China’s fast growing overseas investments at a China Investment Summit in Hong Kong (Nov 15, 2011), according to a South China Morning Post report.
To maintain Hong Kong’s long-term prosperity, as stated in 12th five-year plan from (2011 to 2015), Deputy Prime Minister Li Keqiang, during his visit to Hong Kong in August, explicitly said mainland and Hong Kong firms should partner in expanding abroad, leveraging Hong Kong’s advantage in services including financial, legal, accounting and investment consultancy as well as urged mainland and Hong Kong firms to jointly invest nationally.
Margaret Fong, deputy executive director of the Hong Kong Trade Department Council said: “This shows Hong Kong plays an important role in China ’s overseas investments”. Consumer Vice-Minister Chen Jian called for the creation of large mainland investment firms and the participation of Hong Kong firms in them. “The 12th five-year plan will accelerate the international expansion of Chinese firms. The Commerce Ministry will encourage mergers and acquisitions between Chinese and foreign firms,” Chen said. With the shipping markets currently in the doldrums, China ’s M&A markets could be one way to assist shipowners worldwide. “The Business of Shipping”, one of the conferences in Shipping Hong Kong week, address this and other options to improve your business.