HK invited to Xiamen BRICS fair
Xiamen — a port city on the Chinese mainland’s southeastern province of Fujian — is inviting Hong Kong investors to join the 2017 China International Fair for Investment and Trade (CIFIT), which aims to promote investments between China and the five-member BRICS grouping.
The annual event, running from Sept 18 to 21, is one of the world’s largest and most influential investment platforms. This year’s fair aims to capitalize on the Ninth BRICS Summit which Xiamen will host in early September. The grouping brings together Brazil, Russia, India, China and South Africa.
“We’ve set up a special exhibition area to emphasize and promote investment opportunities in the BRICS countries this year,” said Wang Qiongwen, director of the Xiamen municipal bureau of convention and exhibition affairs, at a promotional symposium in Hong Kong on Tuesday.
Forums and seminars will be held during the fair to discuss investment strategies associated with the Belt and Road Initiative, free-trade zones, Internet Plus and services concerning mergers and acquisitions.
About 5,000 exhibition booths are expected to be set up at this year’s fair, with participants from 60 countries and regions.
Stephen Phillips, directorgeneral of InvestHK — the SAR government’s trade promotion agency — told the sym- posium Hong Kong and CIFIT have the energy and drive to attract participants from all over the world. He noted that Hong Kong, an important source of direct investments in Fujian, plays a key role in helping the province’s enterprises “go out”. Thus, there’ ll be tre- mendous opportunities for Hong Kong to cooperate with global enterprises.
“More than half of the mainland’s overseas investments come to Hong Kong, or go overseas through Hong Kong each year. This means the SAR has a very important role in facilitating mainland investments. We hope Hong Kong companies will make use of the opportunities in Xiamen to reach out to the BRICS countries and the world,” said Liu Yajun, head of the Trade Office of the Economic Affairs Department, Liaison Office of the Central People’s Government in the HKSAR.
According to Hong Kong government statistics, Hong Kong was Fujian’s second major export market in 2015, accounting for 8.3 percent of the province’s total exports.
Fujian’s exports to Hong Kong in 2015 amounted to $9.4 billion. Its major export items included machinery and transport equipment, clothing and accessories and footwear.
More than half of the mainland’s overseas investments come to Hong Kong, or go overseas through Hong Kong each year.” Liu Yajun, head of the Trade Office of the Economic Affairs Department, Liaison Office of the Central People’s Government in the HKSAR
Hong Kong — Fujian province’s second-largest export market — is on the radar of the organizing committee of this year’s China International Fair for Investment and Trade, which will be held in the port city of Xiamen.