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John Lee: Over 790 Hong Kong-funded Enterprises Established in Hainan Last Year with Investment Exceeding RMB18 Billion
Chief Executive John Lee continued his visit to Hainan yesterday (25th), meeting with leaders from Hainan Province and Haikou City, and visiting local high-tech enterprises and inf...
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John Lee: Over 790 Hong Kong-funded Enterprises Established in Hainan Last Year with Investment Exceeding RMB18 Billion
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Chief Executive John Lee continued his visit to Hainan yesterday (25th), meeting with leaders from Hainan Province and Haikou City, and visiting local high-tech enterprises and infrastructure facilities.

In the morning, John Lee met with Feng Fei, Secretary of the Hainan Provincial Committee, and Liu Xiaoming, Governor of Hainan Province, to discuss strengthening cooperation between Hainan and Hong Kong. He noted that last year, Hong Kong and Hainan signed a Memorandum of Cooperation covering areas such as economic and trade investment, finance, tourism, and talent exchange, promoting broader, deeper, and higher-level exchanges and cooperation. The economic and trade relations between the two regions have further deepened, with over 790 new Hong Kong-funded enterprises established in Hainan last year, and investments from Hong Kong businesses exceeding RMB18 billion, representing a year-on-year growth of over 20%.

John Lee stated that this year marks the beginning of the country's 15th Five-Year Plan, with the Hainan Free Trade Port fully operational, aiding in the construction of a new national development pattern. As both Hong Kong and Hainan are free trade ports, there will be broader space for cooperation. The Hong Kong Special Administrative Region government will continue to leverage Hong Kong's dual advantages under the 'One Country, Two Systems' framework to further promote the coordinated development of the Guangdong-Hong Kong-Macao Greater Bay Area and the Hainan Free Trade Port. A special task force has been established to assist mainland enterprises, including those in Hainan, in 'going global' and attracting international capital, thereby contributing to the development of the Hainan Free Trade Port and the country's high-level opening-up.

Later, John Lee visited a high-tech enterprise in Haikou City, where he was briefed on innovative technologies and the latest development opportunities. He emphasized that the Hong Kong government values the development of innovation and technology and emerging industries, and welcomes more enterprises to establish a presence in Hong Kong.

During a luncheon hosted by Fan Shaojun, Member of the Standing Committee of the Hainan Provincial Committee and Secretary of the Haikou Municipal Committee, John Lee stated that Haikou City, as the capital and economic center of Hainan Province, is crucial to the development of the Hainan Free Trade Port. Hong Kong has maintained frequent interactions with Haikou City in various fields and will continue to play the role of a 'super connector' and 'super value-added person', looking forward to deepening cooperation with Haikou City to jointly promote high-quality development.

John Lee subsequently inspected the new Haikou Port and the 'second-line port' centralized inspection site in Nanshan Port to understand the infrastructure and actual operations of the Hainan Free Trade Port. The centralized inspection site is a core infrastructure for the operation of the Hainan Free Trade Port, built to national first-class water transport standards. It is the first in the country to have two ports share the same facility, reflecting Hainan's innovative practice in promoting the free trade port.

John Lee stated that Hong Kong is one of the world's busiest ports, known for its free port status, fast customs clearance, and high efficiency, earning the reputation of a 'time-saving port'. The Hong Kong government is continuously enhancing port operations and high-value-added shipping services, promoting green port construction, establishing 'partner port' relationships with the mainland and Belt and Road regions, and deepening international shipping network exchanges to further consolidate and enhance Hong Kong's competitiveness as an international shipping center. He is confident that the complementary advantages of the Hong Kong Free Port and the Hainan Free Trade Port in the port and shipping sectors will create mutually beneficial opportunities and expand more opportunities together. (ec/j)



This article was automatically translated by AI, the Chinese version should be considered the authoritative version. AASTOCKS.com Limited does not guarantee its accuracy or completeness and accepts no liability for any damages or losses arising from the use of this translation.

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