Hong Kong remains Jiangsu’s largest source of foreign investment and largest overseas investment destination

China News Service, Nanjing, October 13 (Reporter Zhu Xiaoying) The "Suzhou-Hong Kong Join Hands to Set Sail" Accompanying Mainland Enterprises to Go Global promotion conference was held in Nanjing on the 13th. It was disclosed during the meeting that Hong Kong remains Jiangsu’s largest source of foreign investment and largest overseas investment destination.

Paul Chan, Financial Secretary of the Hong Kong Special Administrative Region Government, said in his speech that cooperation between Jiangsu and Hong Kong has a long history, deep roots, and close people-to-people exchanges. As of the end of September this year, 129 Jiangsu companies have been listed in Hong Kong, with a market value of approximately HK$1.44 trillion. He believes that Hong Kong has unique attractions and advantages in the fields of international trade, education, tax policy and other fields. The recently announced "First Five-Year Plan for Economic and Social Development of the Hong Kong Special Administrative Region (2026-2030)" mentioned that "strengthening the construction of four major centers and talent gathering highlands, and consolidating and improving international competitive advantages" is a key direction in which Jiangsu and Hong Kong can promote cooperation.

Liu Kaixuan, Director of Investment Promotion of the Hong Kong Special Administrative Region Government, said that Hong Kong has a global cooperation network covering the Middle East, ASEAN and Central Asia. Enterprises in Jiangsu's advanced manufacturing and other fields can use Hong Kong as a window for headquarters, R&D and capital to receive global orders and attract top talents, forming a two-wheel drive of mainland R&D and production and Hong Kong headquarter organizations "going global".

Since the signing of the "Agreement between the People's Government of Jiangsu Province and the Government of the Hong Kong Special Administrative Region on Deepening Exchanges and Cooperation between Jiangsu and Hong Kong" in October 2023, cooperation between Jiangsu and Hong Kong in various fields has been deepened and solid. Since the beginning of this year, 14 new overseas listed companies in Jiangsu have all landed on the Hong Kong Stock Exchange, with initial financing scale exceeding RMB 20 billion.

Ma Shiguang, Vice Governor of Jiangsu Province, said that Jiangsu will encourage high-quality private equity investment institutions in Jiangsu and Hong Kong to establish mutual funds to jointly develop industries and invest in cutting-edge fields such as high-tech, green and low-carbon digital economy; rely on the Hong Kong Jiangsu Science and Technology Innovation Center to promote the deep integration of the innovation chain, industrial chain, capital chain, and talent chain between the two places; focus on emerging industries such as artificial intelligence, biomedicine, and new energy, cultivate a "Made in Jiangsu" plus "Hong Kong Service" team-up expansion model, and create new advantages for international competition and cooperation.