Long Ping High-Tech(SZ:000998) Sou Hu Cai Jing·2025-09-14 07:39Core Insights - The article discusses how Hong Kong's service trade is facilitating mainland Chinese companies' expansion into international markets, highlighting the role of the Hong Kong Trade Development Council (HKTDC) and the success stories of companies like Yonyou Software [1][4][6]. Group 1: Hong Kong's Role in Service Trade - The HKTDC has established the Hong Kong Pavilion at the China International Fair for Trade in Services for 12 consecutive years, showcasing Hong Kong's unique advantages as a "super connector" and "super value creator" [4][5]. - This year's pavilion features award-winning works from nine Hong Kong designers and brands, emphasizing high-quality design services in cultural creativity, technology, and green products [4][6]. - HKTDC is organizing a series of interviews to address the challenges faced by mainland companies in areas such as talent acquisition, investment, market development, and supply chain management when going global [4][8]. Group 2: Yonyou Software's Global Expansion - Yonyou Software, established in 1988, utilized Hong Kong as a base for its global expansion, completing its international business layout over 20 years [6][7]. - The company's internationalization journey is divided into three phases: initial expansion in Southeast Asia from 2003 to 2013, consolidation in the same regions from 2013 to 2023, and a new phase starting in 2023 focusing on markets in Japan, Europe, the Middle East, and the Americas [6][7]. - Yonyou's transformation from a local to an international enterprise highlights Hong Kong's critical role as a bridge for mainland companies [6][7]. Group 3: Advantages of Hong Kong for Mainland Enterprises - Hong Kong offers four core advantages for mainland companies looking to expand internationally: a service industry that constitutes 90% of its GDP, a strong focus on innovation and R&D, a talent pool from top global universities, and a comprehensive market development platform [7][8]. - The city is developing into an international technology innovation center, providing opportunities for mainland enterprises to enhance their international competitiveness [7]. - Hong Kong's financial services are robust, featuring the world's largest offshore RMB business system and leading global new stock financing, which provides capital access for companies [8].