Business Daily Media

Men's Weekly

.

InvestHK promotes Hong Kong as Asia’s business launchpad in Istanbul

HONG KONG SAR - Media OutReach Newswire - 13 May 2025 - Invest Hong Kong (InvestHK), the Hong Kong government's investment promotion arm, announced today (12 May 2025) that Ms Alpha Lau, Director-General of Investment Promotion at InvestHK, started her visit in Istanbul, Türkiye, to strengthen economic ties and promote Hong Kong as the ideal gateway for Turkish businesses to expand into Mainland China and Asia.



During her visit, Ms Lau engaged with Turkish media, emphasising the significant advantages and opportunities for companies to set up or expand in Hong Kong. She also met with representatives from local Chamber of Commerce and businesses eager to set up operations in Hong Kong, facilitating their expansion and success across the Asia-Pacific region.

Shared Gateway Roles in the Belt and Road Initiative

Türkiye and Hong Kong are strategic gateways in the Belt and Road Initiative (BRI). Türkiye connects Europe and Asia, while Hong Kong bridges Mainland China and the global market. As natural partners, Türkiye's active participation in the BRI compliments Hong Kong's role as a super-connector for capital, talent, and services, creating significant opportunities for collaboration.

Hong Kong: Asia's Premier Business Launchpad

Hong Kong offers Turkish businesses unmatched access to Mainland China and the Asia-Pacific through initiatives like Greater Bay Area and its Free Trade Agreement with ASEAN. Its business-friendly environment, characterised by a low and simple tax regime, a common law system, and free capital flow, makes it an ideal platform for international growth.

Strengthened Hong Kong–Türkiye Economic Ties

The Hong Kong–Türkiye comprehensive avoidance of double taxation agreement (CDTA), signed in 2024, enhances tax certainty and facilitates cross-border transactions. In 2024, Türkiye was Hong Kong's 30th largest trading partner in merchandise trade in the world and in the same year, Türkiye ranked 40th among Hong Kong's domestic export markets.

Since November 2023, Türkiye's inclusion in Hong Kong's Dedicated Fund on Branding, Upgrading and Domestic Sales (BUD Fund) supported Hong Kong companies expanding into the Turkish market.

Additionally, InvestHK opened a new consultant office in Izmir, Türkiye's third-largest city, in early 2025, working together with its consultant based in Istanbul to reinforce the department's commitment to promoting Hong Kong's opportunities for Turkish corporates.

Hong Kong's Investment Environment

Hong Kong is considered to be one of the most liberal and easiest places to do business in the world, as reflected in many renowned international rankings. To name just a few, the Business Ready 2024 Report published by the World Bank Group has ranked Hong Kong the first in "International Trade"; Hong Kong also ranked as the world's freest economy in the "Economic Freedom of the World: 2024 Annual Report" by the Fraser Institute and the 5th most competitive economy in the "World Competitiveness Yearbook 2024" by the International Institute for Management Development; and according to the "World Investment Report 2024" released by the United Nations Trade and Development in June 2024, Hong Kong was the 4th largest recipient of FDI inflow in 2023 globally.

Invitation to Turkish Enterprises

Ms Lau invited Turkish companies in technology, manufacturing, logistics, and consumer goods to establish a regional base in Hong Kong or channel investments through the city to access Mainland China, ASEAN, and Asia-Pacific markets. Hong Kong's deep financial markets, international talent pool, and Asia-wide connectivity empowered businesses to innovate and grow with confidence.

Recent successes included Turkish Cargo, which capitalised on supply chain demands to expand its market share, and a Turkish creative advertising agency that built a stronghold in Hong Kong.

Ms Lau said, "Turkey, situated at the strategic junction of Europe and Asia, plays a pivotal role in the Belt and Road Initiative. With its robust industrial base and regional connectivity, Turkey serves as a key partner for international trade and investment. Hong Kong, as a leading global financial and logistics hub, offers Turkish enterprises a trusted platform to access Mainland China and the wider Asia-Pacific market. We see immense potential for collaboration in areas such as advanced manufacturing, green development, logistics, and innovation. We sincerely welcome Turkish investors to leverage Hong Kong's unique advantages as a springboard for regional and global growth."

Hashtag: #InvestHK

The issuer is solely responsible for the content of this announcement.

News from Asia

HKSTP Delegation Debut at VivaTech 2025 Paris

Bridging French and Hong Kong innovation ecosystems to supercharge global tech development HONG KONG SAR / PARIS,FRANCE - Media OutReach Newswire - 13 June 2025 - Hong Kong Science and Technology ...

Juyeon Lee, Head of Xsolla APAC: "Xsolla Buy Button Designed to Reduce Friction and Drive More Revenue Online"

Surge in New Partnerships Across Japan and India Reflects Growing Interest in Alternative Payments SEOUL, SOUTH KOREA - Media OutReach Newswire - 13 June 2025 - Game developers increasingly seek w...

China's wine market uncorks consumption vitality

YINCHUAN, CHINA - Media OutReach Newswire - 13 June 2025 - In an exhibition hall at an expo in Yinchuan, the capital of northwest China's Ningxia Hui Autonomous Region, the rich aroma emanating fr...

Anchor Pastry Challenge 2025 Crowns Malaysia's Next-Gen Pastry Talent

5 Finalists Each in the Bread & Viennoiseries and Cake Categories Compete for Top Honours SELANGOR, MALAYSIA - Media OutReach Newswire - 13 June 2025 - The Anchor Pastry Challenge 2025, organ...

Visa advances digital payments in Vietnam with Cashless Day 2025 and innovative payment solutions

Strategic partnerships and nationwide events make cashless payments more accessible and beneficial for all Vietnamese consumers The new Click to Pay solution, seamless e-wallet in...

Lee Gardens Presents "Celebrate Every Bite": A Joyful Culinary Celebration

Six Premier Restaurants Unveil New Exclusive Menus From Michelin-Starred Favorites to Japanese Artisanal Gems Complimentary Décor & Crystal Balloons | Up to 50% Dining Offers and 13% Rewards ...

Our Water Season 2 Launches in London, Advancing Shanghai-London Dialogue on Future Waterfronts

SHANGHAI, CHINA - Media OutReach Newswire - 13 June 2025 - The second season of Our Water: Flowing from Shanghai – Intercultural Dialogues Among World Cities officially launched on June 10 along t...

Citri Mobile Expands IRP-Certified iPhone Repairs with New Singapore Outlet in Tampines

SINGAPORE - Media OutReach Newswire - 13 June 2025 - Mobile devices play a vital role in Singapore's infrastructure, supporting communication, education, logistics, and work-related functions. As ...

Hong Kong International Automotive & Supply Chain Expo Kicks Off: "Phoenix Go Glocal" Empowers Auto Enterprises on a "New Journey" of Global Expansion

HONG KONG SAR - Media OutReach Newswire - 13 June 2025 - The 2025 International Automotive Supply Chain Expo (Hong Kong), co-hosted by the China Association of Automobile Manufacturers, Hong Kong ...

2025 Beijing CBD Forum Annual Conference Kicks Off

BEIJING, CHINA - Media OutReach Newswire - 13 June 2025 - On June 11, the 2025 Beijing CBD Forum Annual Conference commenced, held concurrently with the United Nations Development Programme (UNDP)...

How reducing revenue leakage could help your business stay in the black in FY2026

It’s time to stop legacy revenue management platforms and processes draining your profitability. Is boosting the bottom line an overarching goal ...

Technical Debt Stifling Path to AI Adoption for Global Enterprises

Outdated legacy technologies costing organisations the ability to innovate, money, time and potentially, even customers Technical debt and an ov...

Attract. Impress. Keep. The new small business growth playbook

Running a small business is a marathon that often feels like a sprint. You are chasing leads, juggling admin, building a brand and trying to carve...

Amazon to expand data centre infrastructure in Australia and strengthen AI

Amazon has announced plans to invest a new total of AU$20 billion from 2025 to 2029 to expand, operate, and maintain its data centre infrastructur...

How AI is Reshaping Banking in Australia

AI in the Banking and Financial Services Industry  From fraud detection and credit scoring to personalised financial advice, AI is transforming t...

Tracksuit set for growth after $38M investment

Tracksuit Raises $38M Series B to Accelerate Global Expansion and Boost its Growing US Presence VMG Partners leads oversubscribed round; Tracksui...

Sell by LayBy