The Shandong Cooperation Promotion Event on High-quality Development and Opening-up was held in Hong Kong on May 30.

Attendees at the conference [Photo/Dazhong News]

Representatives from InvestHK, the Hong Kong Trade Development Council, the Chinese General Chamber of Commerce, the Federation of Hong Kong Industries, the Hong Kong General Chamber of Commerce and other departments and business associations attended the event, which is an important part of the 2023 Shandong Week in Hong Kong and Macao.

Deals for 38 cooperation projects involving $5.65 billion in investment were signed at the promotion conference. These projects are related to industries like science and technology, green and low-carbon, new energy, and finance.

"Over the years, Shandong Week in Hong Kong and Macao event has played an important role in promoting trade and investment between Shandong and Hong Kong, allowing more Hong Kong enterprises to keep abreast of the latest developments and investment opportunities in Shandong, and further deepening the economic cooperation between the two sides," said a senior official from the Hong Kong Trade Development Council.

Officials pointed out that Shandong and Hong Kong have huge potential for cooperation as the former is an economic and industrial powerhouse in the Chinese mainland while the latter has always been an important window for Shandong's opening up and its largest source of foreign investment.

The Hong Kong Trade Development Council is looking to strengthen cooperation with relevant departments in Shandong in areas such as finance, science and technology, and cultural tourism, said a senior official from the council.