Hainan to make full use of platforms to focus on development with Hong Kong

Hainan province will make full use of platforms such as the Hainan-Hong Kong Economic Cooperation and Development Demonstration Parks and focus on areas such as finance, exhibition, tourism economy, and jewelry and diamond processing to facilitate the high-quality economic and social development of both sides, according to a Hainan provincial delegation to Hong Kong.

The delegation engaged in economic, trade and cultural exchange activities in Hong Kong from Sunday to Tuesday. They visited the Hong Kong International Airport and Hong Kong Science Park, and held discussions with the heads of Hong Kong Federation of Hainan Community Organizations Ltd., Hong Kong universities and enterprises.

Hainan held a roadshow on Tuesday for the issuance of offshore RMB bonds up to 5 billion yuan ($686 million) in Hong Kong, mainly targeting investors from Asia and Europe.

John Lee Ka-chiu, chief executive of the Hong Kong Special Administrative Region, met with Liu Xiaoming, the governor of Hainan, on Tuesday. Lee welcomed Hainan's decision to issue a second batch of offshore RMB bonds in Hong Kong, following the first issuance in October 2022. He emphasized Hong Kong's role as an international financial center in bridging the flow of green and sustainable funds between domestic and international markets.

Lee also expressed Hong Kong's intention to strengthen economic and trade cooperation with Hainan. He said that Hong Kong has a lot of talents in professional services such as accounting, finance, law, and innovative science and technology, and it is capable of providing talent support for the construction of Hainan Free Trade Port, thus offering more development opportunities for the talents.

Now 43 enterprises have settled in the Hainan Hong Kong & Macao Youth Innovation and Entrepreneurship Service Center, which provides one-stop services for Hong Kong and Macao youth who come to Hainan for innovation and entrepreneurship.