Hong Kong firms must innovate to compete in mainland China, trade chief says

AI Summary

Hong Kong Trade Development Council chairman Frederick Ma Si-hang said local companies need to innovate and maintain high standards to compete in mainland China. He also pointed to expansion into Southeast Asia, the Middle East, and Africa as a way to navigate global trade uncertainty.

Hong Kong companies can survive intense competition in mainland China by being innovative and maintaining high standards, the head of the city’s trade promotion body has said. Hong Kong Trade Development Council chairman Frederick Ma Si-hang said on Friday that the city was also tapping into emerging markets in Southeast Asia, the Middle East and Africa to counter global trade uncertainties. “I feel that Hong Kong manufacturers need to be more innovative; think of ways to use our strengths to...