Israel is tapping Hong Kong to gain access to “smart money” and expand in mainland China, the Hong Kong Economic Journal reported on Monday, citing Sagi Karni, Israel’s consul general in Hong Kong and Macau.
The country aims to enter the mainland market through its small and medium-scale enterprises, Karni said in an interview. Hong Kong can provide these firms with “smart money”, or capital from investors who are knowledgeable about business opportunies in the mainland market, as well as serve as a gateway to China, he said.
Hong Kong enterprises understand the mainland market, and that is why Israeli firms are very interested in partnering with them in order to enter China, he said.
Israel has signed a memorandum of understanding with the Hong Kong government to facilitate cooperation in industrial research and development, Karni said, adding that details of the agreement will be unveiled after summer. Hong Kong was the second largest export market of Israel in 2012.
– Contact us at [email protected]