
'Hong Kong firms very popular in the Middle East'
Nicholas Ho says the Middle East is a suitable market for Hong Kong's businesses. Photo: RTHK
Firms in Hong Kong are growing in popularity among countries in the Middle East, according to the head of the Belt and Road Office in the SAR.
Nicholas Ho, Commissioner for Belt and Road, told RTHK's "Government and You" programme that the region is becoming more familiar with the city's advantages, and is a suitable market for the Hong Kong businesses to enter.
"Many different enterprises in Hong Kong, including those in professional services or technology, are very popular in the Middle East," Ho said.
"There is a need for international partners that understand international standards with technology and professional services to help (companies there)."
Governments and enterprises in the Middle East are becoming increasingly clear on Hong Kong's role, advantages and functions, Ho added.

Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles


RTHK
7 hours ago
- RTHK
HK stocks slip amid narrow trading in region
HK stocks slip amid narrow trading in region The Hang Seng Index ended trading on Tuesday down 53 points, or 0.21 percent, at 25,122 on Tuesday. File photo: RTHK Regional equity markets traded in a narrow range to end mostly down on Tuesday. in Hong Kong, the benchmark Hang Seng Index ended the day down 53 points, or 0.21 percent, at 25,122. The Hang Seng China Enterprises Index fell 0.3 percent to end at 9,006 while the Hang Seng Tech Index fell 0.67 percent to end at 5,542. On the mainland, the benchmark Shanghai Composite Index closed down 0.02 percent at 3,727 while the Shenzhen Component Index closed 0.12 percent lower at 11,821. The combined turnover of these two indexes reached almost 2.59 trillion yuan, down from 2.76 trillion yuan on Monday. Shares related to robots, diesel generators and liquor led gains, while stocks related to insurance, high-performance plastics and the defense industry were among the biggest decliners. The ChiNext Index, tracking China's Nasdaq-style board of growth enterprises, lost 0.17 percent to close at 2,601. In Japan, the Nikkei share average slipped from a record high to end lower as investors weighed Wall Street's muted overnight finish, raising concerns that markets have advanced too far, too fast. The Nikkei index closed 0.38 percent lower at 43,546 after rising to a record high of 43,876 earlier in the session. The broader Topix also gave up early gains to end 0.14 percent lower at 3,116. (AP/Xinhua)


RTHK
7 hours ago
- RTHK
Solar Project trip sheds light on AI uses for students
Solar Project trip sheds light on AI uses for students Angelina Kwan presents a souvenir to a representative of the BrainCo startup during the visit. Photo: RTHK Director of Broadcasting Angelina Kwan on Tuesday led students taking part in RTHK's Solar Project on an artificial intelligence tour that included a stop at Alibaba's headquarters in Hangzhou. The project is part of the broadcaster's annual summer programme. The delegation, which includes some 100 students, went to the Alibaba office to learn more about how the conglomerate uses AI. Participants said finding out more about the firm's use of computer chips helped pique a higher level of interest in them to learn more about technological developments. They also went to the office of a tech startup BrainCo, where they were shown how a handicapped person found the firm's artificial limb to be better than the ones that he used in the past. The delegation also paid a visit to the Hangzhou Future Science Town to learn more about the city's developments in areas such as AI and smart city.


RTHK
14 hours ago
- RTHK
Mainland firms see SAR as springboard to global market
Mainland firms see SAR as springboard to global market Insta360 is setting up its first multi-storey flagship store in Hong Kong. Photo: RTHK Eyebright Medical Technology (Hong Kong) says four of its products are listed as medical devices under the Department of Health. Photo: RTHK Angus Yip speaks to Janice Lo Two mainland firms are seeking to go global through Hong Kong, capitalising on the city's strengths. Shenzhen-based Insta360 -- the maker of action cameras -- said it's setting up its first flagship store in Hong Kong, according to the company's exclusive distributor in the SAR, Vast World Limited. It will also be Insta360's first global multi-storey flagship store, where one of the floors will be used as working studios and to hold regular exhibitions. Senior marketing manager Angus Yip of Vast World Limited said the ability to establish a presence in the SAR showcases Insta360's strengths. He said the flagship Hong Kong store will carry the latest gadgets as soon as they're released on the mainland. "And also, we will have the priority in buying the newest product. So in Hong Kong, I think it's quite attractive to the international travellers or the visitors," Yip said. "Even the shipping to the US may take months or at least a week. But in Hong Kong, you can also get the newest and also you can try the newest [gadgets]." While Insta360 also has flagship stores elsewhere such as in the Philippines, Yip said the culture of Hongkongers' of always seeking the latest items can help promote its product to the global market. Another mainland firm, Eyebright Medical Technology -- an ophthalmic medical device manufacturer -- set up its office in the SAR in 2023 with the help of InvestHK, before moving into Science Park last year. Public relations manager Charles Hui from the Hong Kong office said it is hoping to make their products available in the SAR as well. Four of its products were recently listed as medical devices under the Department of Health, paving the way for them to be sold locally. "So after 2023, we actually received our listing approval from MDD [Medical Device Division] in July this year. So we are asking different distributors and trying to work with different companies to sell our products," he said. Hui added that the firm wants to the SAR as a springboard to Malaysia and South Korea this year, before expanding to more places in Asia. He also said Eyebright Medical Technology (Hong Kong) is working with local universities on research and development projects, and they are now at the final stage in ironing out the details and contracts. InvestHK's head of innovation and technology Andy Wong said many of the companies it helped to set up shop in the SAR are from the mainland. He expects a double-digit growth in the number of mainland firms expanding their business to Hong Kong this year.