Guangxi seeks more business opportunities with HK

An online meeting aimed at boosting investment cooperation between Guangxi and Hong Kong was held on April 20, with more than 60 participants gathering at offline venues in both Nanning and Hong Kong.

It is expected that the meeting will boost Guangxi's eastward integration strategy into the Guangdong-Hong Kong-Macao Greater Bay Area, and promote matchmaking between Guangxi and Hong Kong's modern service industries with the goal of attracting more Hong Kong companies to invest in Guangxi.

More cooperation at higher levels and covering more aspects will also be carried out between the two areas. 

Hong Kong and Guangxi are geographically close and share the same cultural origin. The two areas have maintained a close relationship in areas spanning cultural exchanges, commerce and investment cooperation, said Jiang Liansheng, head of the Commerce Department of Guangxi Zhuang Autonomous Region.

Jiang expressed his hope that Hong Kong companies can take an active role in Guangxi's economic development and team up with Guangxi to explore ASEAN markets for even more development opportunities.

Edward Yau Tang-wah, secretary of the Hong Kong Commerce and Economic Development Bureau, outlined Hong Kong's advantages in economic development and mapped out a blueprint for commerce and trade cooperation between Guangxi and Hong Kong. 

He expressed his hope that entrepreneurs in both Hong Kong and Guangxi can make joint efforts in future development with the continuous optimization of Hong Kong's business environment. 

Hong Kong has now become Guangxi's largest source of external investment, with the region's actual use of Hong Kong capital reaching around $670 million in 2020.