InvestHK Targets Africa Ties as Hong Kong Courts Cross-Border Capital

Invest Hong Kong will increase engagement with Africa as Associate Director-General Loretta Lee begins an eight-day visit to Johannesburg and Kigali to promote the city as a gateway for African companies expanding into mainland China and Asia-Pacific markets.

The InvestHK Africa ties push includes meetings with chambers, banks, financial institutions, fintech firms and professional services groups in Johannesburg from May 10 to 13, before Lee attends the Africa CEO Forum in Rwanda.

InvestHK said Hong Kong’s common law system, offshore renminbi hub status and lower 8.25% profits tax rate for qualifying physical commodity traders strengthen its appeal to African exporters and investors.

Lee said Hong Kong can connect capital, talent and innovation between Africa, mainland China and international markets.