The Hong Kong Special Administrative Region will continue to tap into Foshan’s robust manufacturing industry while sharing its prowess in finance and professional services with enterprises in the Guangdong city, Chief Executive John Lee Ka-chiu said on Monday.
At a meeting with Tang Yifeng, secretary of the Communist Party of China Foshan Municipal Committee, on Monday evening, Lee noted Foshan’s solid foundation in manufacturing, particularly its well-established production lines and mature industrial chains, while Hong Kong has rich experience in finance, commerce and professional services, as well as research and development capabilities and the advantage of internationalization.
Based on each other’s advantages, Lee said the SAR will maintain close cooperation with Foshan to jointly seize the opportunities brought by the rapid development of the Guangdong-Hong Kong-Macao Greater Bay Area -- an 11-city cluster that includes Hong Kong and Foshan.
READ MORE: HK delegation set to visit GBA cities to boost economic ties
Lee and other members of a Hong Kong delegation of senior government officials and business leaders toured Lingnan Tiandi -- a commercial complex in Foshan -- to study its development and met with Hong Kong people doing business there.
The delegation, comprising more than 80 officials, business executives and heads of chambers, kicked off a three-day visit to five Chinese mainland cities of the Greater Bay Area on Monday morning to boost economic and investment ties.
They also took part in the Guangdong-Hong Kong Deepening Economic, Trade and Investment Cooperation Conference in the Guangdong provincial capital, Guangzhou, during which Hong Kong and Guangdong enterprises agreed to cooperate in projects valued at 100 billion yuan ($13.8 billion), covering the finance, logistics, smart manufacturing, biopharmaceutical and artificial intelligence sectors.
READ MORE: Lee: Cooperation with mainland creates opportunities for I&T
The delegation will also visit Dongguan, Huizhou and Shenzhen before ending the trip on Wednesday.
Contact the writer at atlasshao@chinadailyhk.com
