Country for PR: China
Contributor: Xinhua News Agency
Monday, September 18 2023 - 22:09
AsiaNet
Hainan Hosts Investment Promotion Events in the UAE and HKSAR, Extending Invitations for Business Collaboration
HAIKOU, China, Sept. 18, 2023 /Xinhua-AsiaNet/--

The delegation from Hainan, China's largest free trade port, successfully 
wrapped up their friendly visit to the United Arab Emirates and Hong Kong SAR, 
on 17th September. Throughout the visit, the delegation engaged in numerous 
economic and trade negotiations, conducted investment promotion activities, and 
issued offshore bonds, showcasing Hainan's unwavering commitment to expanding 
its high-level openness, according to the Publicity Department of Hainan Party 
Committee.

Hong Kong is not only Hainan's largest source of foreign investment but also 
one of its most important trading partners. During the visit to Hong Kong, 
Hainan held a promotion conference where Haikou Fullsing Internet Industrial 
Park reached cooperation agreements with five enterprises and institutions. In 
a meeting between John Lee Ka-chiu, the Chief Executive of the Hong Kong SAR, 
and Liu Xiaoming, the Governor of Hainan Province, John Lee Ka-chiu noted that 
Hong Kong's professional service industries in accounting, finance, law, and 
innovation and technology possess abundant talent. He also pointed out that 
these industries can provide support for the development of Hainan's free trade 
port, while also offering broader development opportunities for professionals 
in Hong Kong's service industries.

During their visit to the United Arab Emirates, the Hainan delegation organised 
the "China Hainan Free Trade Port -- the UAE Promotion Conference" with the aim 
of promoting Hainan's free trade port policies, highlighting its 
accomplishments in high-quality development, encouraging UAE companies to 
invest and establish businesses in Hainan, and fostering cooperation in various 
sectors including economy, trade, industry, culture, tourism, and technology 
between the two regions.

During the visit, Hainan Province completed the book value pricing of its 
offshore Renminbi local government bonds for 2023 in Hong Kong, with a total 
issuance size of RMB 5 billion. The funds raised will mainly be invested in 
areas such as healthcare, education, marine conservation, environmental 
monitoring and restoration, and species resource protection. 

Source: Publicity Department of Hainan Party Committee
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