Greater Bay Area

Li Jiachao Goes to Ningbo, Zhejiang to Promote Hong Kong's Joint Expansion of Zhejiang Hong Kong Cooperation Opportunities

2025-04-27   

On the 25th, the Investment Hong Kong Promotion Conference - Zhejiang (Ningbo) Special Session and Ningbo Hong Kong Economic Cooperation Forum were held in Ningbo, Zhejiang. More than 600 political and business figures from Zhejiang and Hong Kong attended, witnessing the joint efforts of Zhejiang and Hong Kong to explore opportunities. Hong Kong Chief Executive Carrie Lam attended the event and delivered a speech. He stated that both Ningbo and Hong Kong are important gateways for the country's opening up to the outside world, with complementary advantages and enormous potential for cooperation. Under the principle of "One Country, Two Systems" and the solid support of the country, Hong Kong plays an important role as a "super contact" and "super value-added person", serving as a two-way springboard for mainland enterprises to "go global" and "bring in" overseas enterprises. At the cooperation project signing ceremony of the promotion conference, 12 Zhejiang enterprises including financial services, trade, innovative technology, aviation, logistics, retail and other categories signed contracts with the Hong Kong Investment Promotion Agency to set up business in Hong Kong. Last December, the Hong Kong SAR government and the Hong Kong Trade Development Council established a high value-added supply chain service mechanism to assist mainland enterprises in establishing international or regional headquarters for managing offshore trade and supply chains in Hong Kong. Li Jiachao expressed the hope that in the future, more companies interested in "going global" can make good use of Hong Kong's platform and create new business opportunities. Zhejiang and Hong Kong have a deep connection and close exchanges. At present, Hong Kong has become the largest source of foreign investment, the largest service trading partner, and the second largest destination for foreign investment in Zhejiang. According to statistics, in 2024, the trade volume between Zhejiang and Hong Kong reached 8.82 billion US dollars, a year-on-year increase of 10.9%. As of the end of 2024, Hong Kong has invested in establishing over 30000 enterprises in Zhejiang, and Zhejiang has invested in more than 3000 enterprises (institutions) in Hong Kong. On the 24th, the high-level meeting between Zhejiang and Hong Kong and the first meeting of the Zhejiang Hong Kong Cooperation Conference were held in Hangzhou, and the mechanism of the Zhejiang Hong Kong Cooperation Conference was launched. After meticulous and close preparation work, the governments of the two places have established 13 key areas of cooperation and a total of 51 projects, with rich and comprehensive content. The two places will also sign cooperation documents covering technological innovation, housing and housing, economic and trade cooperation, as well as youth development, further expanding exchanges and cooperation between the two sides in different aspects. (New Society)

Edit:He Chuanning Responsible editor:Su Suiyue

Source:Xinhua

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