In­vi­ta­tion to a ‘ brand new’ Zhan­jiang

Grow­ing busi­ness op­por­tu­ni­ties make city a great des­ti­na­tion for HK in­vestors

China Daily (Hong Kong) - - BUSINESS - By SO­PHIE HE in Hong Kong so­phiehe@chi­nadai­lyhk.com

Zhan­jiang, a city lo­cated at the south­west­ern tip of Guang­dong prov­ince, brought 30 key in­vest­ment projects worth up to 50 bil­lion yuan ($8.16 bil­lion) to Hong Kong to at­tract in­vestor s for the Zhan­jiang ( Hong Kong) In­vest­ment Pro­mo­tion Con­fer­ence on Thurs­day. Many of the projects have al­ready been inked, said Zhan­jiang Mayor Wang Zhong­bing.

Zhan­jiang, with a pop­u­la­tion of 8 mil­lion, is cur­rently fo­cus­ing its re­sources on the de­vel­op­ment of trans­porta­tion in­fra­struc­ture projects, the In­dus­trial Trans­fer Park, as well as the Eco­nomic and Tech­no­log­i­cal De­vel­op­ment Zone, and Wang said he will in­tro­duce th­ese and other re­lated projects to Hong Kong in­vestors.

“I hope that af­ter this In­vest­ment Pro­mo­tion Con­fer­ence, more Hong Kong en­trepreneurs will come to Zhan­jiang to visit and learn more about our in­vest­ment pol­icy, our land price and la­bor price,” said Wang.

The mayor said Zhan­jiang has al­ways been a fa­vor­able in­vest­ment des­ti­na­tion for Hong Kong in­vestors, as cur­rently, a to­tal of 116 Hong Kong com­pa­nies have al­ready es­tab­lished firms in Zhan­jiang.

“But some Hong Kong in­vestors have never been to Zhan­jiang, or have not been to Zhan­jiang for many years,” he said. “I want to in­tro­duce them to a brand new Zhan­jiang with brand new busi­ness op­por­tu­ni­ties.”

Wang said mod­ern in­dus­tries are grow­ing rapidly in the city, of which two key projects, the Baos­teel Zhan­jiang iron and steel-mak­ing plant and the $9 bil­lion Sinopec/KPC Zhan­jiang Re­fin­ery & Petro­chem­i­cal Com­plex, are sched­uled to be com­pleted in 2015 and 2016 re­spec­tively. Both projects con­tain nu­mer­ous in­vest­ment op­por­tu­ni­ties.

Wang said many peo­ple don’t re­al­ize how close Zhan­jiang is to Hong Kong, as the flight be­tween the two cities takes only 50 min­utes. By 2017, Hong Kong and Zhan­jiang will be linked by a high-speed rail­way which is cur­rently un­der con­struc­tion.

Aside from in­dus­trial projects and op­por­tu­nity, Zhan­jiang is a coastal city where peo­ple en­joy blue sky, pris­tine sea and beaches as well as clean air, Hong Kong in­vestors can also in­vest in the tourism in­dus­try, said the mayor.

He also said that Zhan­jiang is rich in la­bor re­sources and la­bor costs in the city are low.

“The Zhan­jiang govern­ment prom­ise Hong Kong in­vestors that we will pro­vide ef­fi­cient ser­vices,” said Wang, adding that Zhan­jiang’s new Ad­min­is­tra­tive Ser­vice Cen­ter has of­fi­cially opened, where com­pa­nies can en­joy one-stop ser­vices from govern­ment de­part­ments.

Chen Yue­hua, deputy di­rec­tor of the depart­ment of for­eign trade and eco­nomic co­op­er­a­tion of Guang­dong prov­ince, told the con­fer­ence that the eco­nomic and trade ex­changes be­tween Guang­dong and Hong Kong have al­ways been fre­quent.

Zhan­jiang is un­der­go­ing a trans­for­ma­tion from an agri­cul­tural city to an in­dus­trial city, said Chen, and he hopes that Hong Kong and Zhan­jiang will strengthen their eco­nomic and trade co­op­er­a­tion in the fu­ture.

Charles Ye­ung, chair­man of the Hong Kong-based Chi­nese Gen­eral Cham­ber of Com­merce, said the two par­ties should en­hance co­op­er­a­tion and ben­e­fit from each other’s ad­van­tages. Com­pa­nies in Zhan­jiang should also uti­lize Hong Kong en­ter­prises’ ex­pe­ri­ences and in­ter­na­tional con­nec­tions so they can de­velop the over­seas mar­kets to­gether, Ye­ung said.

PARKER ZHENG / CHINA DAILY

Wang Zhong­bing (2nd left, 2nd row), mayor of Zhan­jiang in Guang­dong prov­ince, wit­nesses a con­tract-sign­ing cer­e­mony dur­ing the Zhan­jiang (Hong Kong) In­vest­ment Pro­mo­tion Con­fer­ence at the Hong Kong Con­ven­tion and Ex­hi­bi­tion Cen­tre on Thurs­day.

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