Chongqing - Hong Kong enterprises fuel Chongqing’s economic surge, initiating over 3,500 projects and accounting for nearly 60% of its foreign trade, recent data reveals from Chongqing Municipal Bureau of Investment Promotion and Facilitation.

Regarding capital markets, around 20 Chongqing-based businesses have successfully listed on the Hong Kong Stock Exchange, collectively amassing a market value exceeding 200 billion yuan (about USD 28.16 billion). This has established Hong Kong as a critical external financing hub for companies in Chongqing.

A picture of Hong Kong’s view. (Photo/Canva)

At a Chongqing-Hong Kong cooperation conference held on November 21, a Chongqing government official praised Hong Kong, known as the “Pearl of the Orient,” for its central role in global finance, trade, and maritime activities. He revealed the Chongqing government’s commitment to foster collaboration with Hong Kong.

The conference, held at Victoria Harbor in Hong Kong, saw over 160 attendees, including government officials from Chongqing and Hong Kong, prominent figures from Hong Kong’s business circles, and delegates from various associations. The event focused on exploring investment opportunities from the Chongqing and Hong Kong partnership.

The economic and trade ties between Chongqing and Hong Kong have evolved into a robust and interdependent relationship. Several Hong Kong-based businesses shared their experiences and insights from investing in Chongqing.

The Chongqing-Hong Kong cooperation conference was held in Hong Kong on November 21. (Photo/Chongqing Municipal Bureau of Investment Promotion and Facilitation)

For Hong Kong, increasing economic ties with Chinese mainland cities like Chongqing is part of a broader strategy to diversify its financial dependencies and manage geopolitical and economic risks.

Micro Connect, a pioneering exchange group integrating financial technology to bridge global capital with micro and small enterprises, has made significant investments in Chongqing. The company’s approach is centered around connecting global capital with China’s consumer cash flow, making it a significant player in China’s financial landscape.​

Their investment portfolio in Chongqing encompasses 14 brands, with a total investment surpassing 140 million yuan. These investments span diverse sectors, including catering, retail, culture, sports, and services.

Li Wei, the Managing Director of Micro Connect, emphasized the substantial potential for collaboration between Chongqing and Hong Kong. He anticipates an increase in similar ventures entering the Chongqing market.

Ma Haowen, Chairman of the Hong Kong Chongqing Federation, observed that both Chongqing and Hong Kong are influential economic hubs at the national level. 

The Federation serves as a platform for friendship and cooperation, focusing on aligning with the national development strategy and creating new achievements and progress in the relationship between Hong Kong and Chongqing.​

He suggested ample room for further cooperation in finance, logistics, and trade, which could unlock new investment opportunities and access to international markets.