Home / News
A symposium on strengthening economic cooperation between Beijing and Hong Kong will be held in Hong Kong on Nov 27 to 28.
The Beijing Hong Kong Economic Cooperation Symposium, initiated in 1997, has served as an effective platform for both cities to increase communication and boost investment cooperation.
This year's symposium is aimed at reinforcing trade cooperation between Beijing and Hong Kong in high-end industries, and increasing city management cooperation in areas such as medical care, food and drug safety, and "urban diseases" governance.
As of the end of September 2015, Hong Kong had 13,946 enterprises in Beijing, with real investment totaling $43.27 billion, accounting for 43.3 percent of the entire city's foreign investment in actual use. Hong Kong ranks first among all countries and regions that invest in Beijing. Most investment from Hong Kong is in leasing, business services, real estate, information transmission, computer services, and software.
Beijing's direct investment in Hong Kong amounted to $8.64 billion by the end of September, 2015, which was 45.5 percent of the city's total overseas investment. Funding was mainly in leasing, business services, wholesale and retail, scientific research and technological services.
Over the first nine months of this year, Hong Kong set up 606 new companies in Beijing with an investment of $9.52 billion, an increase of 97.9 percent and 77 percent of the city's overall foreign investment. The investment mainly occurred in finance, scientific research, technology services, geological prospecting, leasing, and business services. During the same period, Beijing put $3.54 billion direct investment into 142 companies in Hong Kong, up by 135 percent year on year and accounting for 50.99 percent of Beijing's total overseas direct investment.
The event is expected to cover 13 activities, including an opening ceremony, a meeting with Hong Kong's business people, a project signing ceremony, and activities related to the opening up of service industries, technological and cultural innovation, Beijing-HK two-way investment, and government exchanges.
So far, over 500 enterprises and organizations in Hong Kong have shown interest in the symposium. They can register in various ways--online, offline, and even by mobile phone.
The Beijing Municipal Investment Promotion Bureau has promoted 53 big projects with registered capital above 10 million dollars and will launch 204 two-way investment projects in the two cities.
