Guizhou strengthens economic cooperation with Hong Kong

A marketing event for business and travel was held by Guizhou province and Hong Kong Special Administrative Region in Hong Kong on Oct 10, offering opportunities for further cooperation between the two regions.

Shen Yiqin, governor of Guizhou, discussed the conveniences brought about by the newly built high-speed railway connecting the Chinese mainland with Hong Kong. The railway is expected to improve tourism in the area.

Shen Yiqin, governor of Guizhou (L) meets Carrie Lam Cheng Yuet-ngor, chief executive of Hong Kong (R). [Photo/gzgov.gov.cn]

According to official data, Hong Kong has become the biggest source of foreign investment in Guizhou, with over 900 Hong Kong companies investing a total of $9.26 billion in the region, 56.4 percent of the total foreign capital in the province.

Carrie Lam Cheng Yuet-ngor, chief executive of Hong Kong, recognizes Guizhou's potential and looks forward to further cooperation in big data, technology, finance, tourism and education.

With the help of Hong Kong's international market and free economy, Guizhou can make better use of its resources to develop industry, said Paul Chan Mo-po, financial secretary of Hong Kong.

The marketing event for business and travel is held by Guizhou province and Hong Kong Special Administrative Region in Hong Kong on Oct 10. [Photo/gzgov.gov.cn]

Guizhou is a popular tourist spot due to its natural landscapes, rich ethnic culture, and popular science bases, among other things, with Huangguoshu Water Fall, Mount Fanjingshan, and Five-hundred-meter Aperture Spherical radio Telescope (FAST) being some of the most popular attractions.

At the event, Guizhou introduced over 120 investment projects in manufacturing, big data, green agriculture, tourism, cold-chain logistics and more. It received a total investment of 160 billion yuan ($23.1 billion).

Guizhou signs memorandum of cooperation with Hong Kong Exchanges and Clearing Limited (HKEX). [Photo/gzgov.gov.cn]