Shandong promotes closer trade ties with Hong Kong

Shandong province, an economic powerhouse in eastern China, started a large-scale campaign in Hong Kong on Dec 4, to promote investment and cooperation opportunities in the province's various sectors, in a bid to seek closer ties with Hong Kong.

Targeting Hong Kong investors and companies, the 2018 (Hong Kong) Shandong Week is running from Dec 4 to 7 in the special administrative region on the eastern side of the Pearl River estuary in southern China.

A total of 256 projects are being promoted during the Shandong Week, covering the province's ten pillar industries including new generation information technology, high-end equipment manufacturing, new energy, medical and health care, cultural creative, tourism and the marine economy.

A series of featured events, including investment and trade seminars, high-level talks and promotional activities are scheduled to give a comprehensive display of Shandong's economic strength, scientific prowess and preferential policies as well as to strengthen exchanges between the two regions.

Representative from a dozen of cities in Shandong province, such as Qingdao, Jinan, Dongying, Yantai, Tai'an and Weifang, are also hosting various promotional events during the campaign to attract the interest of Hong Kong investors.

Shandong and Hong Kong enjoy a close relationship, with mutual cooperation in various fields bringing fruitful results, with both sides optimistic that the relationship will continue in the future.

According to the Shandong provincial department of commerce, the frequent economic and trade exchanges between the two sides have achieved remarkable results. Hong Kong has invested 3,978 enterprises in the province, with total contractual capital reaching $66.634 billion, accounting for 57.8 percent of the total inward investment in Shandong. From January to October, the import-export trade between Shandong and Hong Kong totaled 22.84 billion yuan ($3.32 billion). 

The Shandong Week is jointly organized by the Shandong provincial government, the Hong Kong Trade Development Council and a number of business associations.

The Seminar on Developing Shandong's Ten Pillar Industries with International Capital is held on Dec 5 in Hong Kong. [Photo/dzwww.com]

Zhang Shuping, the Party secretary of Yantai, delivers a keynote speech during a promotional event in Hong Kong on Dec 3. [Photo provided to chinadaily.com.cn]

Li Zijun, vice-mayor of Jinan city, delivers a speech at the "Transformation of Growth Drivers Promotion Meeting" on Dec 3 in Hong Kong. [Photo by Roy Liu/China Daily]