Hong Kong Signs Six Agreements with Fujian to Boost Collaboration

Hong Kong has signed six agreements with Fujian to step up collaboration in finance, trade, tourism and education, with Chief Executive John Lee Ka-chiu encouraging businesses from the mainland Chinese province to list on the city’s bourse for overseas expansion.

At the fifth Hong Kong-Fujian Cooperation Conference on Monday, the two sides finalised 28 collaborative projects across 11 areas, including aviation and shipping, logistics, innovation and technology, legal and dispute resolution, and healthcare and Chinese medicine.

Lee, who led a delegation to the conference in the provincial capital Fuzhou, also held talks with Fujian party chief Zhou Zuyi.

“Fujian and Hong Kong are both key nodes in the country’s development, with highly complementary strengths,” Lee said during the conference.

“For a long time, Fujian-Hong Kong cooperation has had deep foundations and yielded fruitful results.”

He noted that the city remained Fujian’s largest source of investment from outside the mainland, accounting for 65 per cent of the total, with more than 33,000 Hong Kong-funded enterprises and a cumulative investment of US$100 billion.

Meanwhile, more than 70 Fujian companies had listed on the Hong Kong stock market, with investments in the city exceeding US$5 billion, Lee said.