Hangzhou, Hong Kong to Deepen Economic, Trade Exchanges

KUALA LUMPUR, Sept 21 (Bernama) -- With the ‘New era, New cooperation, New development -- Glamorous Hangzhou’ promotion meeting held in Hong Kong recently, Hangzhou and Hong Kong are expected to deepen their economic and trade cooperation. The two cities also aim to jointly promote the construction of the Belt and Road. While Hong Kong is a modern metropolis, an international financial centre and a hub for trade and shipping, Hangzhou, the capital of eastern China’s Zhejiang Province, is a beautiful, historical, vibrant and open city, besides being an e-commerce centre and famous for innovation and technology. Secretary of the CPC Hangzhou Municipal Committee, Zhou Jiangyong said in a statement Thursday that the two cities had complementary advantages and close cooperation, besides a long-standing relationship. “By the end of 2017, more than 6,000 Hong Kong enterprises had invested in Hangzhou with a total investment of more than US$520 billion, making it the largest source of foreign investment in Hangzhou,” he added. Zhou expected Hangzhou and Hong Kong to strengthen exchanges and cooperation in the Belt and Road construction, deepen cooperation in industrial development, science and technology education, innovation and entrepreneurship, tourism and other fields. Ant Financial Services Group, Jardine Matheson Group and other business representatives from Hangzhou and Hong Kong also attended the meeting. Vice president of Ant Financial, Yang Peng said: “Hong Kong is the first stop for exploring the internationalisation of Ant Financial, and we hope to contribute more to the country’s mobile payment and financial technology fields. -- BERNAMA