Chief Executive John Lee attended the Hong Kong Investment Promotion Conference – Zhejiang (Ningbo) Forum & Ningbo-Hong Kong Economic Co-operation Forum today in Ningbo, Zhejiang.
The conference was jointly organised by the Hong Kong Special Administrative Region Government, the Hong Kong Trade Development Council (HKTDC) and the Ningbo Municipal Government.
Mr Lee led the Hong Kong SAR Government delegation to attend the opening ceremony and related activities today to promote to Mainland enterprises Hong Kong’s unique advantages and dual roles as a platform in going global and attracting foreign investment, fostering investment and co-operation.
The Zhejiang (Ningbo) forum, with the theme of “Hong Kong, joining hands with Zhejiang and meeting in Ningbo, the channel for more opportunities”, brought together a number of business leaders from various sectors including finance, supply chain, innovation and technology (I&T) and professional services to share their insights on Hong Kong’s advantages and opportunities in different areas and attracted more than 600 participants.
The concurrent Ningbo-Hong Kong Economic Co-operation Forum has been held alternately in Hong Kong and Ningbo every year since 2002 to facilitate bilateral exchanges and co-operation on economic, trade and investment and has been well received by the business communities of the two places.
Addressing the opening ceremony, Mr Lee noted that Ningbo in Zhejiang Province is a manufacturing and port hub in the Yangtze River Delta, while Hong Kong is an international financial, trade and shipping centre.
Both Ningbo and Hong Kong are important gateways in the opening up of the country, with complementary advantages and limitless opportunities for collaboration.
Hong Kong is the largest source of external investment in Ningbo and more than 1,000 enterprises and institutions from Ningbo have been established in Hong Kong, reflecting the close economic and trade ties between the two places.
The Chief Executive said that under the “one country, two systems” principle, Hong Kong possesses the unique advantages of having the country’s strong support while maintaining unparalleled connectivity with the world, serving as a “super connector” and “super value-adder”. Hong Kong acts as a two-way springboard for Mainland enterprises to go global and for attracting overseas enterprises.
He pointed out that despite the US’ bullying and unjustified imposition of tariffs, and the emergence of unilateralism that disrupted the global landscape and geopolitics and posed risks of economic destruction and recession, the country’s immense economic strength and vast market provide certainty for global investors, and a new economic and trade order is taking shape.
Mr Lee added that Hong Kong will continue to proactively serve Mainland enterprises in going global to explore international markets, and attract overseas enterprises to tap into the Mainland market.
Members of the Hong Kong SAR Government delegation attending the Conference included Deputy Financial Secretary Michael Wong, Secretary for Commerce & Economic Development Algernon Yau, Director of the Chief Executive’s Office Carol Yip and Under Secretary for Financial Services & the Treasury Joseph Chan.
In his remarks on promoting Hong Kong’s advantages at a themed promotion activity, Mr Wong said that on finance, Hong Kong is the most trusted international financial safe haven for Mainland enterprises, offering diversified financing channels and financial services for companies to expand their businesses internationally.
Furthermore, Invest Hong Kong held a signing ceremony of a number of key Zhejiang-Hong Kong and Ningbo-Hong Kong co-operation projects, covering various sectors including finance, technology, transportation, aviation, I&T and consumer goods.
In the afternoon, the Hong Kong SAR Government, the HKTDC and relevant authorities of the Ningbo Municipal Government jointly organised three special promotion activities on finance, multinational supply chain management centre and I&T to promote investment in Hong Kong.
Mr Lee and the delegation departed for Hong Kong this afternoon.
