Hong Kong can contribute to the Chinese electric vehicle industry in finance and technology innovation, said Financial Secretary Paul Chan Mo-po, ahead of an international auto show to be held in the city on Thursday.
Attending an event gathering Chinese carmakers and suppliers, Chan said Hong Kong is absolutely capable of becoming a “landing point, bridgehead, charging station, and facilitator” for the companies.
He pointed out the city’s unique contributions in two aspects.
First, Hong Kong can provide financial support for the globalization of the mainland automobile industry, as thousands of enterprises along the chain need capital to continuously promote scientific research, innovation and development.
He encouraged automobile companies to set up international business headquarters, supply chain management centers, and asset management centers in Hong Kong.
Secondly, Chan said Hong Kong is making every effort to promote the development of innovation and technology as a new engine for Hong Kong's economy and to create a synergy with other cities in the Greater Bay Area to become an international innovation and technology hub.
He also mentioned other advantages, including standards that are in line with global levels, a well-established intellectual property protection system, and the convergence of mainland and international data and talents, which would benefit EV, intelligent transportation and vehicle-to-everything.
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