Hong Kong will fully utilize its strengths in three areas to serve new energy vehicle enterprises in exploring the golden race track of the industry, said Chief Executive John Lee Ka-chiu at an event.
Addressing the opening ceremony of the 2025 International Automobile and Supply Chain Expo (Hong Kong) on Thursday, Lee vowed to cement Hong Kong’s financial industry to safeguard mainland electric vehicle makers in overseas expansion.
Hong Kong's internationalized capital market and world-class professional services can provide financing and overseas promotion services for mainland new energy vehicle enterprises, and also help overseas enterprises enter the huge mainland market, fully supporting the country's efforts to promote international cooperation in the industrial and supply chains and an efficient logistics system.
He mentioned that the average daily turnover of the Hong Kong Stock Exchange exceeded HK$210 billion last month and Chinese battery maker Contemporary Amperex Technology's (3750) HK$410 billion listing became the world’s largest initial public offering of the year.
Secondly, Hong Kong is committed to developing innovation and technology to empower future industries. Lee pointed out that the current administration has introduced various key enterprises to settle in Hong Kong, including those related to new energy, intelligent driving and artificial intelligence, which can have a multiplier effect with automobile enterprises.
The third area is sustainable development. Lee said the SAR will adopt a multi-pronged approach to develop new energy transport, including subsidizing the electrification of the trades and the installation of high-speed charging facilities in the private sector, and other measures.
Lee said the future of the automobile industry has infinite possibilities, and Hong Kong will continue to capitalize on the advantages of the “one country, two systems” policy and work with various sectors to promote the high-quality development of the automobile industry.
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