CHONGQING (CQNEWS) -- Recently, the InvestHK of the Government of the Hong Kong Special Administrative Region (hereinafter referred to as "InvestHK"), together with the Municipal Economic and Information Technology Commission and the Chongqing Municipal Commission of Commerce, held a "Belt and Road, Co-innovative Ideas" Symposium in Chongqing. At the meeting, the InvestHK made a presentation on Hong Kong's business advantages, encouraging Chongqing enterprises to take advantage of Hong Kong's business advantages to accelerate their "Go out" and expand their overseas markets.

Hong Kong ranked third among 141 economies in the world in the 2019 Global Competitiveness Report released by the World Economic Forum. "Chongqing has strong economic and trade ties with Hong Kong, and Hong Kong is also one of the largest destinations for foreign-direct investment in Chongqing," said Fu Zhongsen, the director of InvestHK. Hong Kong plays an important international role in professional services, finance, shipping and trade, and can play an important role in the “Belt and Road” Initiative. Chongqing enterprises can take advantage of Hong Kong's booming business platform to expand their overseas market.

Song Gang, the deputy director of the Chongqing Municipal Commission of Commerce, said that the pace of Chongqing's participation in the construction of the "Belt and Road" has been accelerating. The industry sectors involved in the investment in the "Belt and Road" have expanded from less than ten industries, such as mineral resources, auto parts, automobile manufacturing and communications, to more than 40 sub-sectors, such as e-commerce, Internet + industry and intelligent material alliance. "Hong Kong is an important international financial shipping and trade center. The modern service industry is highly developed, with huge professional services and broad international network relations. It is the best platform for mainland enterprises to go global, which can meet the high-level needs of various market entities in Chongqing in law, finance, material flow, accounting, talent training and other aspects."

Chongqing has close economic and trade ties with Hong Kong. According to data from InvestHK, by the end of 2018, there were 119 overseas enterprises registered in Hong Kong, with the total investment of about US $3.2 billion from China, and 13 Chongqing enterprises listed in Hong Kong. As of August 2019, Chongqing has approved 3048 Hong Kong funded projects, with the actual use of Hong Kong capital of 418.9 billion yuan. (Translated by Luo Juan, Fathom Language Limited)