82% of Chinese firms eye overseas growth, with Hong Kong top service support choice

A survey by the Trade Development Council (TDC) found that over 80% of surveyed mainland Chinese companies intend to expand their overseas operations. These companies are primarily targeting countries involved in Beijing's Belt and Road Initiative, with approximately 94% of respondents expressing interest in these regions. For supporting their international growth, Hong Kong has been identified as the preferred choice for a professional services platform by these Chinese firms. The survey was published on Tuesday and highlights a significant trend in Chinese corporate expansion strategies.