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Delegation Headed by Mayor Huang Qifan Paid a Fruitful Visit to Hong Kong, and Chongqing and Hong Kong Signed Nearly USD13 Billion of Contracts for Economic and Trade Cooperation Led by Chongqing Municipal Foreign Trade and Economic Relations Commission

From April 13 to 16, as required by  Chongqing Municipal Committee and Chongqing Municipal People's Government, Mayor Huang Qifan led Chongqing economic and trade delegation to visit Hong Kong to add more vitality to economic development of Chongqing and accelerate construction of inland opening-up highland. Chongqing-Hong Kong economic and trade cooperation organized by Chongqing Municipal Foreign Trade and Economic Relations Commission obtained fruitful results. Chongqing and Hong Kong signed contracts for 35 projects with total contract amount of USD 12.963 billion, including 27 land development projects with total contract amount of USD 10.834 billion, 3 financial projects with total contract amount of USD 1 billion, 3 state-owned assets ones with total contract amount of USD 1 billion and 2 others with total contract amount of USD 129 million. Mayor Huang Qifan said at the signing ceremony that opening-up was not only to bring in capital, but also to introduce technology, market, concepts and talents. For the past few years, certain achievements have been made in building Chongqing into an inland opening-up highland. Last year, foreign investment used in Chongqing was USD 10.6 billion, ranking the 8th nationwide, and import and export value surmounted USD 50 billion. Moreover, China set up two bonded zones and national-level Liangjiang New Area in Chongqing successively, laying a solid foundation for building Chongqing into an inland opening-up highland. Chongqing economy and Hong Kong economy is closely connected. Sixty percent of foreign investment used by Chongqing last year was from Hong Kong, making Hong Kong as the main source of foreign investment in Chongqing. Chongqing and Hong Kong signing a series of cooperation projects this time will definitely further deepen the cooperation between Chongqing and Hong Kong. Chongqing will further create the Five Low (low taxation, low logistics cost, low housing cost, low financial accommodation cost and low factor cost) investment environment and constantly improve service, so as to help investors investing in Chongqing to get well-developed.
During the visit, Mayor Huang Qifan talked with top managements such as Liang Zhenying (HK Governor), Zhang Xiaoming (director of the Liaison Office of the Central People's Government in Hong Kong), Li Ka-shing (chairman of Hutchison Whampoa Limited (HWL) and Cheung Kong Holdings), Fu Yuning (president of China Merchants Group), Song Lin (president of China Resources Group) and Luo Kangrui (chairman of Shui On Group).
   

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