Prof. Heiwai Tang, Associate Dean of HKU Business School and Director of the Asia Global Institute, pointed out that many mainland enterprises have sought to raise funds and "go overseas" through Hong Kong in response to the mainland's economic transformation and recent growth slowdown. He emphasised, "Mainland companies adopt a dual-headquarters concept, with many R&D and manufacturing headquarters in the Greater Bay Area, and their foreign trade and fundraising operations based in Hong Kong. This is because Hong Kong's international financial market can facilitate their business expansion."
Hong Kong's economy is facing a series of significant challenges, including an ongoing fiscal deficit, not being able to fully leverage the composite advantages of the Greater Bay Area, a shrinking middle class, and a drain of international talent.