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HKETO Director visits Montreal

Posted in: Press Releases

December 12, 2017

The Director of the Hong Kong Economic and Trade Office (Toronto) (HKETO), Miss Kathy Chan, visited Montreal on December 11 and 12 to promote mergers and acquisitions (M&A) opportunities in Hong Kong and Hong Kong as a gateway for Canadian companies to expand their business in Asia.

Speaking at the M&A Club Forum on December 12, Miss Chan introduced to the businesses that Hong Kong is a global mergers and acquisitions hub.  “The value of M&A deals involving Hong Kong companies has jumped fivefold in 20 years. In total, there have been 7,699 M&A deals worth US$368.15 billion in Hong Kong since 1997,” she said.  The notable increase was recorded as more Chinese firms use Hong Kong to go global and more international firms use Hong Kong as a gateway to expand in Asia.

Hong Kong is a popular destination for takeover and merger activity because many mainland Chinese firms use the city as a stepping stone to buy into overseas companies.  Miss Chan said, “First, Hong Kong is consistently recognised as the freest economy in the world with free flow of information, people and capital. Second, Hong Kong has well-developed capital markets to help companies raise funds to finance their overseas takeovers.  In addition, Hong Kong has strong legal, regulatory and financial regimes providing great support for international activities and expansion of Chinese entities.” On top of these, there is a huge pool of professional talents in Hong Kong who are efficient and familiar with the legal and regulatory regimes of different jurisdictions.

Noting China already overtook the US for outbound M&A volume for the first time in 2016, Miss Chan said, “Hong Kong will continue to play a significant role in this takeover activity as Mainland Chinese companies use their subsidiaries in the city to conduct overseas acquisitions.”

Director, Canada of the Hong Kong Trade Development Council Mr Andrew Yui also spoke at the Forum and he encouraged Canadian businesses to join the upcoming 11th Asian Financial Forum in Hong Kong.

During the stay in Montreal, Miss Chan also met with President, Mr Bin Han and some directors of the Montreal Chapter of Hong Kong-Canada Business Association for exchanges on the latest economic situation in Hong Kong and on issues of mutual interest.

Miss Chan also took this opportunity to meet with a Hong Kong Scholarship for Excellence Scheme awardee currently studying at McGill University to understand her study and life in Canada.


Miss Chan (middle) photos with Director (Canada) of the Hong Kong Trade Development Council, Mr Andrew Yui (left) and President of M&A Club, Mr Brahm Elkin, at the M&A Club Forum in Montreal on December 12.

Chinese version on next page.

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