Economic and trade exchanges between Guangdong and Hong Kong are accelerating. In the first quarter, Hong Kong established 2099 new enterprises in Guangdong
2023-05-12
From January to March this year, Hong Kong established 2099 new enterprises in Guangdong, with a total actual use of foreign investment of 35.9 billion yuan, an increase of 5.3%. As of the end of 2022, Hong Kong has established a total of 210000 foreign direct investment enterprises in Guangdong, accounting for 70% of the province. The actual absorption of Hong Kong capital accounts for 66.4% of the province. This is what the reporter learned from the press conference of "Promoting High Quality Development - Hong Kong Forum" (SmartHK) held on May 11th. According to the press conference, the Hong Kong Trade Development Council and the Department of Commerce of Guangdong Province jointly hosted the "Promoting High Quality Development · Hong Kong Forum" (SmartHK) to be held in Guangzhou on May 24, hoping to help the Guangdong and Hong Kong business communities seize the new opportunities of high-quality development in the Greater Bay Area and promote the integrated development of the Greater Bay Area through different activities. Since the comprehensive resumption of customs clearance between Hong Kong and the mainland at the beginning of this year, economic and trade exchanges between Guangdong and Hong Kong have accelerated. Chen Yuehua, a first level inspector of the Guangdong Provincial Department of Commerce, revealed at a press conference that from January to March this year, Guangdong and Hong Kong's imports and exports amounted to 222.53 billion yuan, an increase of 1.4%, accounting for 12.1%. In 2022, Guangdong undertook 7646 service outsourcing contracts from Hong Kong, with a contract amount of 11.764 billion US dollars and a executed amount of 7.664 billion US dollars, representing a year-on-year increase of 23.78%, 20.16%, and 23.31%, respectively. Over the past four years since the promulgation of the "Outline of the Development Plan for the Guangdong Hong Kong Macao Greater Bay Area", the innovative vitality of the Greater Bay Area has been fully stimulated, and the quality and efficiency of the construction of the Greater Bay Area have also been continuously improved. The Greater Bay Area has a population of over 86 million, making it a very large and promising market. It is also an ideal springboard for Hong Kong and international enterprises to enter the mainland market. "Assistant President of the Hong Kong Trade and Development Council, Leung Kwok ho, stated that the Greater Bay Area of Guangdong, Hong Kong, and Macao holds an important strategic position in the new national development pattern. The two regions have long maintained good exchanges and cooperation in various fields such as capital, finance, talent, and technology. The Hong Kong Trade and Development Council has taken the opportunity of the comprehensive resumption of customs clearance between Hong Kong and the mainland to restart its promotion work in the Greater Bay Area. Among them, the flagship event "Guangdong Hong Kong Cooperation Week" and its flagship event "Promoting High Quality Development - Hong Kong Forum" (SmartHK) are the first to be launched, hoping to help the Guangdong Hong Kong business community seize the unlimited business opportunities under high-quality development opportunities. The "Guangdong Hong Kong Cooperation Week" will be held from May 24th to June 7th, covering more than ten events held in multiple cities in the Greater Bay Area, with the aim of encouraging cooperation between other cities in the region and Hong Kong. SmartHK is an annual flagship event organized by the Hong Kong Trade and Development Council in major cities in mainland China since 2011. Led by forums, it collaborates with service exhibitions and business matching services to introduce Hong Kong's high-quality professional services and innovation platforms, promoting exchanges and economic and trade development between Hong Kong and mainland China. This year, SmartHK will establish the first "Greater Bay Area Youth Entrepreneurs Summit" and "Bay Area Live Room". The former will invite regional research entrepreneurs, new generation entrepreneurs, and venture capital funds to jointly explore entrepreneurial opportunities and challenges in the Greater Bay Area, promote talent exchange in the Greater Bay Area, and encourage young people in the area to be brave in innovation and entrepreneurship; The latter will help enterprises in the region gain a comprehensive understanding of Hong Kong's professional service advantages from multiple perspectives. We will hold a series of exhibitions, conferences, overseas promotion activities, etc. this year
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