Hangzhou held a promotion meeting in Hong Kong to deepen economic and trade exchanges between the two cities

Press Release

HANGZHOU, China, Sept. 20, 2018 /Xinhua-AsiaNet/– The “New era, New cooperation, New development — Glamorous Hangzhou” promotion meeting was held in Hong Kong on September 17th. The event aims to promote the deepening of economic and trade cooperation between Hangzhou and Hong Kong and jointly promote the construction of the Belt and Road.

At the promotion meeting, Zhou Jiangyong, the secretary of the CPC Hangzhou Municipal Committee, said that Hangzhou, the capital of east China’s Zhejiang Province, is a beautiful, historical, vibrant and open city. Hong Kong is a world-famous modern metropolis. The relationship between Hangzhou and Hong Kong is deep and long. And they have complementary advantages and close cooperation. By the end of 2017, more than 6000 Hong Kong enterprises had invested in Hangzhou with a total investment of more than 520 billion US dollars, making it the largest source of foreign investment in Hangzhou.

At present, Hangzhou is facing a major historical opportunity for the “post summit, Asian Games and modernization”. Zhou Jiangyong said that Hong Kong is an important node of the Belt and Road. He expected that Hangzhou and Hong Kong to strengthen exchanges and cooperation in Belt and Road construction, deepen cooperation in industrial development, science and technology education, innovation and entrepreneurship, tourism and other fields, and to cooperate in more fields in future time.

Chen Baili, deputy director of the Commerce and Economic Development Bureau of the Hong Kong SAR Government, who attended the meeting, said that Hong Kong and Hangzhou cooperate closely in economic, culture, education, youth development and many other fields.

Zhou Qiliang, Vice President of the Hong Kong Trade Development Council, said that Hong Kong is an international financial center, and a hub for trade and shipping. Hangzhou is an e-commerce center in mainland China and a famous city for innovation and technology. The two places can strengthen cooperation and bring win-win results. In this way, enterprises of Hangzhou and Hong Kong can both go out and promote more Chinese companies to the world.

Ant Financial Services Group, Jardine Matheson Group and other business representatives from Hangzhou and Hong Kong also attended the meeting. Peng Yaojia, vice president of Jardine Matheson, said that with the rapid economic and social development in Hangzhou, Jardine Matheson expects to increase investment in the service industry in Hangzhou and provide more convenience for Hangzhou residents. Yang Peng, vice president of Ant Financial, said that Hong Kong is the first stop for exploring the internationalization of Ant Financial, we hope to contribute more to Hong Kong’s mobile payment and financial technology fields.

Source: The Publicity Department of the CPC Hangzhou Municipal Committee