HK in­vited to Xi­a­men BRICS fair

China Daily (Hong Kong) - - BUSINESS - By LIN WENJIE in Hong Kong cher­rylin@chi­nadai­lyhk.com

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

PRO­VIDED TO CHINA DAILY

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.

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