Zim delegation seeks Hong Kong partners

agencies, financial institutions and private sector players.
The visit to Hong Kong and Singapore markets is a joint capital-raising initiative for local firms between the Government and a private financial advisory firm, DEAT Capital.
Some of the Hong Kong government agencies and financial institutions the Zimbabwean delegation is set to engage are: Hong Kong Invest, Hong Kong Trade Development Council, Hong Kong Securities Institute and Securities Commission of Hong Kong.
Others include Hong Kong Export Credit Insurance Corporation, Bank of China International, China Development Bank, China Eximbank (Hong Kong), Industrial and Commercial Bank of China, and the China Mercantile Bank.
The Zimbabwe delegation is set to meet private firms including Macquarie Australia, BNP Paribas Investment Partners, Investec Capital Asia LLC, Renaissance Asia Hong Kong, ICBC Hong Kong Investment Partners, Hong Kong Exchange Ltd, and Haitong International Securities.
The delegation will also meet with the Hong Kong R&D Centre for Logistics and Supply Chain Management Enabling Technologies, Hong Kong Science and Technology Parks, and the Hong Kong Monetary Authority
DEAT Capital managing director Mr Nicky Moyo said the delegation has since held exploratory meeting with some of the potential investors.
“We are pleased to say a high-level Zimbabwe delegation led by Deputy Minister of Industry and Commerce Mike Bimha arrived in Hong Kong on Sunday 19 June.
“The road show kicked off very well in the centre of Hong Kong financial districts with high-level presentations and exploratory meetings,” he said.
According to the organisers, the main aim of the road show is to generate US$6 billion of financing in the form of Initial Public Offerings on the international bourses of Hong Kong and Singapore.
In particular, Hong Kong is currently one of the largest financial centres in Asia, and a conduit for almost 70 percent of outward Chinese investments.
Last year alone Hong Kong recorded around US$52 billion of outward foreign direct investment
Its annual trade figures are more than US$220 billion and trade exports to Zimbabwe were US$48 million against imports of around US$30 million, representing a massive potential for increase of trade between Hong Kong and Zimbabwe.