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HK Enterprises Grouped to Chongqing Seeking Cooperation

By ZHAN CHEN|Jul 07,2023

Chongqing - On July 4, businesses backed by Hong Kong funding embarked on a three-day tour in Chongqing, a prominent city in Southwest China. The tour's objective was to uncover opportunities within the city and bolster cooperation between the two regions.

The tour is composed of a variety of economic and trade activities. Participants were invited to visit notable locations such as the Chongqing Planning Exhibition Gallery, the Chongqing International Logistics Hub Park, and the Deloitte Global Delivery Center.

During the meeting held on July 4, representatives from 16 Hong Kong companies across a range of sectors - including manufacturing, commerce, port logistics, artificial intelligence, and finance - engaged in dialogue with officials from various departments in Chongqing, sharing insights and perspectives.

Representatives of Hong Kong companies shared insights with Chongqing's officials from different departments. (Photo/Chongqing Municipal Commission of Commerce)

Zhong Yongxi, Chief Representative of the Hong Kong Trade Development Council (HKTDC) in the Chinese mainland, stated that this occasion is a follow-up to the inaugural Chongqing-Hong Kong high-level meeting and cooperation conference, which took place in Chongqing on May 11.

During that initial gathering, the Chongqing Municipal Commission of Commerce and the Hong Kong Trade Development Council signed a strategic cooperation memorandum. This agreement aimed to enhance economic and trade cooperation across various areas, including trade promotion, two-way investment, opening up the service industry, and fostering an international consumption center.

Zhong expressed his hopes that Hong Kong businesses could leverage this event to identify development opportunities in Chongqing and expedite the collaboration between both regions.

According to data from January to May of this year, Chongqing's import and export trade with Hong Kong reached a value of 21.379 billion yuan (about 2.95 billion U.S. dollars).

During this timeframe, seven Chongqing-based enterprises invested a total of 174.51 million U.S. dollars in Hong Kong. 60% of this figure was designated for capital transactions and payments for goods. The investment covered diverse areas, including residential services, repair, and other service industries, as well as wholesale, retail, leasing, and business services.


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