73% of Hong Kong, Greater Bay Area firms speeding up expansion into Asean: survey

Nearly three-quarters of enterprises from Hong Kong and other Greater Bay Area cities will speed up their expansion into the Asean market as a primary strategy to mitigate risks from international trade frictions and shifting global supply chains, according to a survey. The survey and research findings, co-published by the Hong Kong Trade Development Council and Singapore-based United Overseas Bank on Wednesday, also revealed that about 98 per cent of enterprises were planning to keep or expand...