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Hong Kong-Shandong Week to kick off

2018/12/3 14:07:07   source:sdchina.com

According to the Commerce Department of Shandong, the 2018 Hong Kong-Shandong Week will be held in Hong Kong from December 4 to 7, 2018. The theme of the event is “Select Shandong, Share Opportunities”.

256 projects from the province's top 10 industries will be promoted during the week, including the new-generation information technology, high-level equipment, new energy, new material, elder and health care industry, high-end chemical engineering, cultural creativity, exquisite tourism, marine economy, modern agriculture, and transportation infrastructure.

A number of large-scale activities such as the marketing event of Promoting Shandong’s Top Ten Industries with International Capital and a series of special events including Jinan 2018 (Hong Kong) Growth Drivers Transformation Promotion Event will be presented during this year’s Hong Kong-Shandong Week.

Shandong and Hong Kong have been enjoying close relations and fruitful cooperation. Statistics from Shandong Commerce Department shows that there are 3,978 Hong Kong-based foreign-funded enterprises in Shandong with a contractual foreign capital of 66.634 billion U.S. dollars, accounting for 57.8 percent of the total. The actual use of foreign capital was 39.55 billion U.S. dollars, accounting for 53.2 percent of that total. Hong Kong ranks first among all countries and regions that invest in Shandong in terms of contractual foreign capital and actual use of foreign capital.

Hong Kong is an important platform for overseas financing of enterprises in Shandong. Shandong has 51 listed companies from Hong Kong, accounting for 46 percent of the total overseas listed companies in the province. With a total 97.8 billion yuan of financing from Hong Kong, it accounts for 85 percent of the total amount of overseas financing. From January to October, the import and export trade between Shandong and Hong Kong totaled 22.84 billion yuan, among which 21.51 billion yuan is from export and 1.33 billion yuan from import.

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Sponsor:Information Office of Shandong Provincial People’s Government