Mainland Chinese enterprises are increasingly adopting comprehensive global business strategies, targeting both advanced economies and emerging markets, according to new research from the Hong Kong Trade Development Council (HKTDC). The survey highlights Hong Kong’s pivotal role in helping these firms navigate challenges such as shifting trade policies, protectionism, and supply chain reconfigurations.
Among globally-minded businesses, 82% plan to expand existing overseas operations, 63% focus on developing new overseas activities, 54% aim to enhance overseas sourcing, 47% plan to expand sales networks, and 36% intend to boost technology cooperation. These figures underscore the growing demand for professional services as companies extend along global value chains.
Belt and Road markets gain prominence
The survey reveals that 94% of respondents are interested in developing business in Belt and Road Initiative (BRI) markets, a sharp rise from 73% in 2023. ASEAN remains a priority, with 91% planning expansion, particularly in Singapore (49%), Vietnam (46%), Thailand (44%), and Malaysia (41%). Interest in the Middle East jumped from 33% to 46%, while Latin America interest doubled to 34%. Advanced markets in Europe (48%) and North America (47%) also remain key targets.
Bruce Pang, Director of HKTDC Research, noted that Hong Kong’s unique connectivity and expertise make it the first-choice professional services hub for Mainland enterprises. He added that the upcoming Belt and Road Summit will bolster cross-regional cooperation and help businesses find ideal partners.
Challenges and evolving strategies
Mainland enterprises face uncertainties from US trade policy changes, intensified competition (61%), geopolitical tensions (55%), rising domestic costs (51%), and tariff barriers (50%). To mitigate these, companies are improving production efficiency (60%), managing overseas risks (57%), and controlling costs (57%). Wing Chu, Deputy Director of HKTDC Research, highlighted that most firms plan to develop two to three overseas business functions, requiring robust professional support.
Hong Kong’s leading role
Hong Kong is the preferred services platform for 83% of surveyed enterprises, followed by the Chinese Mainland (78%) and Singapore (31%). Services sought include marketing, legal and accounting advisory, financing, risk management, supply chain management, R&D, and ESG support. The city’s international business environment, legal system, and talent pool underpin its position.
The National 15th Five-Year Plan supports Hong Kong’s integration into national development, and the HKSAR Government’s GoGlobal Task Force, launched in October 2025, further reinforces its role as a go-global services platform.
Belt and Road Summit 2026
The 11th Belt and Road Summit, jointly organized by the HKSAR Government and HKTDC, will take place on 9-10 September at the Hong Kong Convention and Exhibition Centre. Under the theme “Advancing High-Quality Development • Embarking on a New Journey,” it will feature a “GoGlobal Chapter” with breakout sessions on overseas expansion and Hong Kong’s professional services, a “GoGlobal Connect” zone, and a business mission to Nansha, Guangzhou, offering insights into the Greater Bay Area.
The Summit serves as a premier platform for policy dialogue, business networking, and deal-making, helping enterprises capture opportunities in Belt and Road and emerging markets through Hong Kong.
