By South China Morning Post | Created at 2024-11-25 12:30:09 | Updated at 2024-11-25 14:58:37
2 hours ago
Hong Kong and Guangdong province businesses have signed economic and trade deals worth more than 100 billion yuan (US$13.8 billion) at a meeting promoting cooperation between the two places.
Chief Executive John Lee Ka-chiu said on Monday the meeting in Guangzhou had brought together government and business representatives to jointly take action to promote high-quality development in the Greater Bay Area.
“At the exchange meeting, we witnessed enterprises from Guangdong and Hong Kong signing as many as 126 economic and trade cooperation projects with a total value of more than 100 billion yuan, with fruitful results,” he said.
Lee said he was encouraged “even more” by the fact 101 of the cooperation projects were investments by Hong Kong business into the province, with the value of the deals to exceed 91 billion yuan. Those agreements covered “areas such as financial cooperation, modern logistics, smart manufacturing, biomedicine and artificial intelligence”.
“This showcases the patriotic sentiments and pragmatic actions of Hong Kong entrepreneurs in actively serving the development of Guangdong and the mainland,” he said.
Some of the city’s most prominent tycoons have joined the chief executive and other officials on a high-profile three-day tour of the province, just weeks after Beijing’s top man on Hong Kong affairs urged the business sector to take the lead in reforming the economy.
