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| Grand expansion: UFSoft Chief Executive Officer Brett Ho and InvestHK's Associate Director-General of Investment Promotion John Rutherford celebrate the company's venture into Hong Kong. |
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China's leading software maker UFSoft launched its Hong Kong office today, its first outside the Mainland.
The move reiterates Hong Kong's importance as a springboard allowing Mainland private enterprises to bloom internationally.
UFSoft plans to invest $3 million in developing and expanding its Hong Kong market. It will employ 30 local professional IT staff in the next two years to form a strong sales and marketing team.
InvestHK helped UFSoft's move to Hong Kong.
HK the perfect place to launch global expansion
Officiating at its launch ceremony, InvestHK Associate Director-General of Investment Promotion John Rutherford said UFSoft's investment decision showed Hong Kong is a perfect launch pad to expand across the globe in line with the Central Government's "Going Out" policy.
"As Mainland markets open up to overseas companies it will be important that local Chinese firms become more competitive," Mr Rutherford said.
"UFSoft's staff will benefit from exposure to international business practices which take place in the competitive Hong Kong market which will prove invaluable as they expand into other markets."
HK economy will continue to grow and prosper
UFSoft's Chief Executive Officer Brett Ho said: "As an international city which is home to many of the world's great companies, Hong Kong is the natural choice for UFSoft to set up its first international office.
"This will allow us to expand our horizons to Southeast Asia and globally. Hong Kong is also an important export base for our IT products."
The company had confidence Hong Kong's economy will grow and prosper due to our support from the Central Government and the recent implementation of CEPA.
The Mainland is Hong Kong's major source of external investment, accounting for nearly US$123 billion in direct investment at the end of 2001. More than 2,000 Mainland enterprises operate in Hong Kong.
Some 270 Mainland companies had either regional headquarters or regional offices here as of June, 2002.
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