OVC delegation visits Hong Kong, Macao for business

The logo of the Hong Kong Stock Exchange [Photo/WeChat account of Optics Valley of China]

Since the mainland resumed trade and business with Hong Kong and Macao on Feb 6, Central China's Hubei province became the first province to hold economic and trade exchange promotion activities in the two places, injecting new vitality into the construction of the Wuhan New City as a national sci-tech financial hub.

The East Lake High-tech Development Zone (also known as Optics Valley of China, or OVC), has sent a delegation to visit potential business partners in Hong Kong and Macao.

On arriving at the Hong Kong Stock Exchange (HKEX), the delegation talked with Ba Shusong, HKEX's managing director and chief China economist, about the listing procedures of firms based in the valley.

The two sides have set up a coordinated listing work mechanism and will leverage HKEX's policy advantages to promote the listing of a group of OVC biomedicine and digital sci-tech innovative enterprises.

On Feb 7, members of the delegation signed an agreement to establish a biomedicine industrial fund with CMB International Capital Holdings Co. The fund will reportedly support the Pre-IPO round of financing of Neurophth Biotechnology Ltd, which is also based in the valley.

The valley's financial business promotion contact station in Hong Kong was set up in TF International Securities Group Co, which aims to develop into a bridge connecting Chinese and foreign capital markets.

In Macao, the delegation visited Zhang Weichun, president of the Chongwa (Macao) Financial Asset Exchange. Zhang said that the exchange will set up an office for the valley to promote the overseas financing level of regions in Central China.