Beijing–hong Kong Co­op­er­a­tion Sym­po­sium Opens

Beijing (English) - - CONTENTS - Trans­lated By Re­becca Lou Edited by Justin Davis Photo by Liu Zhimin

The 22nd Beijing-hong Kong Eco­nomic Co­op­er­a­tion Sym­po­sium was held from Oc­to­ber 24 to 25, 2018 in Beijing.

The 22nd Beijing-hong Kong Eco­nomic Co­op­er­a­tion Sym­po­sium was held at the Beijing In­ter­na­tional Ho­tel from Oc­to­ber 24th to 25th, 2018.

The sym­po­sium ex­plored the prin­ci­ple of com­ple­men­tar­ity in re­spec­tive ad­van­tages and com­mon pros­per­ity be­tween the two cities and has been held 21 times since 1997. It was es­tab­lished by the gov­ern­ments and in­sti­tu­tions of Beijing and Hong Kong and is an ef­fi­cient, high-end plat­form for pro­mot­ing in­vest­ment. Fruit­ful out­comes have been achieved via prag­matic co­op­er­a­tion. The sym­po­sium is a bridge for ex­change and com­mu­ni­ca­tion be­tween the two cities.

2018 is the first year in the im­ple­men­ta­tion of the agenda and goals set by the 19th Na­tional Congress of the Com­mu­nist Party of China and also the 40th an­niver­sary of China's poli­cies of re­form and open­ing-up. It is a cru­cial year in the cre­ation of a pros­per­ous so­ci­ety and for im­ple­ment­ing the 13th FiveYear Plan. Guided by Pres­i­dent Xi Jin­ping's Thoughts on So­cial­ism with Chi­nese Char­ac­ter­is­tics for a New Era, the sym­po­sium was held to deepen un­der­stand­ing of Xi's vi­sion and to im­ple­ment China's "One Coun­try, Two Sys­tems" prin­ci­ple. Beijing and Hong Kong are also im­ple­ment­ing the Belt and Road Ini­tia­tive, co­or­di­nat­ing de­vel­op­ment strate­gies, and ex­pand­ing and deep­en­ing high-qual­ity co­op­er­a­tion in fi­nance and ser­vice in­dus­try, sci­en­tific and tech­no­log­i­cal in­no­va­tion, cul­tural cre­ativ­ity, ed­u­ca­tion, ur­ban man­age­ment and large-scale en­gi­neer­ing con­struc­tion in or­der to achieve mu­tual ben­e­fit and

win-win out­comes in a wider field, at greater depth and at a higher level.

Di­verse Con­tent

The theme of the 22nd Bei­jingHong Kong Eco­nomic Co­op­er­a­tion Sym­po­sium was work­ing to­gether with the Belt and Road to write a new chap­ter in Beijing-hong Kong co­op­er­a­tion. The Beijing-hong Kong sym­po­sium was cospon­sored by au­thor­i­ties from the two cities. The or­gan­is­ers in Beijing are the Mu­nic­i­pal Com­mis­sion of Com­merce, the Mu­nic­i­pal De­vel­op­ment and Re­form Com­mis­sion, the Mu­nic­i­pal Of­fice of Hong Kong and Ma­cao, the Beijing In­vest­ment Pro­mo­tion Bu­reau, the Mu­nic­i­pal Tourism Com­mis­sion, the Mu­nic­i­pal Fed­er­a­tion of In­dus­try and Com­merce, the Mu­nic­i­pal Sci­ence and Tech­nol­ogy Com­mis­sion, and the Mu­nic­i­pal Fi­nance Bu­reau. The or­gan­is­ers in Hong Kong are the Hong Kong Trade De­vel­op­ment Coun­cil, the Hong Kong Chi­nese En­ter­prises As­so­ci­a­tion, the Chi­nese Man­u­fac­tur­ers As­so­ci­a­tion of Hong Kong, the Chi­nese Gen­eral Cham­ber of Com­merce, the Hong Kong Gen­eral Cham­ber of Com­merce, the Fed­er­a­tion of Hong Kong In­dus­tries, the Hong Kong China Cham­ber of Com­merce, and the Hong Kong Chi­nese Im­porters' and Ex­porters' As­so­ci­a­tion. The Jing­tai Group, Beijing En­ter­prises Group, Zhong­guan­cun Man­age­ment Com­mit­tee, and the Beijing Eco­nomic and Tech­no­log­i­cal De­vel­op­ment Zone Man­age­ment Com­mit­tee are co-or­gan­is­ers. The sym­po­sium was hosted by the Beijing In­vest­ment Pro­mo­tion Bu­reau and sup­ported by the Hong Kong Cham­ber of Com­merce in China.

Di­verse con­tent was ar­ranged for the sym­po­sium, which in­cluded 15 ac­tiv­i­ties. The open­ing cer­e­mony, fol­lowed by the Beijing Mu­nic­i­pal Peo­ple's Govern­ment re­cep­tion ban­quet and the Beijing-hong Kong bi­lat­eral in­vest­ment projects sign­ing cer­e­mony were three im­por­tant ac­tiv­i­ties at the event.

The sym­po­sium in­cluded 10 spe­cial events cov­er­ing “op­por­tu­ni­ties, co­op­er­a­tion and de­vel­op­ment." The Belt and Road sec­tion and ex­pan­sion of open co­op­er­a­tion sec­tions fea­tured three spe­cial ac­tiv­i­ties. Th­ese cov­ered the com­ple­men­tary ad­van­tages of Beijing and Hong Kong in the Belt and Road Ini­tia­tive, fi­nan­cial co­op­er­a­tion be­tween Beijing and Hong Kong, and the open­ing up and co­op­er­a­tion of ser­vice sec­tors in Beijing and Hong Kong. The sci­ence and cul­tural in­no­va­tion sec­tion fea­tured four spe­cial events. They cov­ered Bei­jingHong Kong co­op­er­a­tion re­gard­ing sci­en­tific in­no­va­tion, co­op­er­a­tion in high-end in­dus­try, co­op­er­a­tion in cul­tural en­trepreneur­ship and cre­ation, and ed­u­ca­tional co­op­er­a­tion be­tween Beijing and Hong Kong uni­ver­si­ties. The sec­tion cov­er­ing ma­jor con­struc­tion projects fea­tured a spe­cial event that un­veiled new op­por­tu­ni­ties re­gard­ing the cre­ation of the sub­sidiary ad­min­is­tra­tive cen­tre of Beijing. The ur­ban gov­er­nance co­op­er­a­tion sec­tor fea­tured two spe­cial ac­tiv­i­ties cov­er­ing co­op­er­a­tion in the food, drug safety and med­i­cal fields, and in ur­ban man­age­ment to im­prove gov­er­nance and ef­fi­ciency.

There were also ex­hi­bi­tion and in­vest­ment con­sul­ta­tion events, in­clud­ing an ex­hi­bi­tion on ex­ist­ing co­op­er­a­tion projects and an event cov­er­ing project in­vest­ment and con­sul­ta­tion.

The sym­po­sium fo­cused on the Belt and Road, open­ing up of the ser­vice sec­tor, fi­nan­cial co­op­er­a­tion, tech­no­log­i­cal in­no­va­tion, cul­tural and cre­ative in­dus­tries, and high-tech in­dus­tries.

The Hong Kong Trade De­vel­op­ment Coun­cil and the Beijing Mu­nic­i­pal De­vel­op­ment and Re­form Com­mis­sion ointly hosted sem­i­nars on the Belt and Road. Beijing's three-year Belt and Road ac­tion plan was ex­plained. The cen­tral govern­ment's plan to in­te­grate Hong Kong in sup­port­ing and par­tic­i­pat­ing in the Belt and Road Ini­tia­tive will be im­ple­mented. Hong Kong's un­par­al­leled ad­van­tages in in­ter­na­tional le­gal, ac­count­ing, con­sult­ing, ar­bi­tra­tion, in­sur­ance and other pro­fes­sional ser­vices were ex­plored, and fi­nan­cial sup­port be­tween the two cities was dis­cussed. In­ter­me­di­ary ser­vices will be brought in to help Beijing's fi­nan­cial ser­vices and tech­no­log­i­cal start-ups seek global de­vel­op­ment through Hong Kong and fur­ther par­tic­i­pate in the Belt and Road Ini­tia­tive.

Spe­cial ac­tiv­i­ties were also or­gan­ised to pro­mote poli­cies re­gard­ing the open­ing up of the ser­vice sec­tor to

ad­vance the cur­rent pi­lot schemes in Beijing's ser­vice in­dus­try. Pro­fes­sional ser­vices in Hong Kong shall be ex­plored to aug­ment pol­icy ef­fects al­ready seen in Beijing's open­ing-up drive.

The Hong Kong Trade De­vel­op­ment Coun­cil has ush­ered in more than 30 fi­nan­cial tech­nol­ogy com­pa­nies to par­tic­i­pate in the sym­po­sium and sign co­op­er­a­tive agree­ments with Bei­jing­based com­pa­nies re­gard­ing fi­nan­cial in­no­va­tion, in­ter­con­nec­tiv­ity, project im­ple­men­ta­tion and the pro­vid­ing of ef­fec­tive and con­ve­nient ser­vices for the res­i­dents of the two cities.

Ac­tiv­i­ties per­tain­ing to Beijing-Hong Kong co­op­er­a­tion re­gard­ing sci­en­tific and tech­no­log­i­cal in­no­va­tion fo­cused on how Beijing is be­com­ing the na­tional cen­tre for sci­ence and tech­nol­ogy and the in­te­gra­tion of govern­ment, in­dus­try, uni­ver­si­ties and re­search in­sti­tutes in Hong Kong. Rep­re­sen­ta­tives from Beijing and Hong Kong shared in­sights on re­search and ap­pli­ca­tion of high­end sci­en­tific and tech­no­log­i­cal achieve­ments, tech­no­log­i­cal trans­fer and ven­ture cap­i­tal in­vest­ment. The trans­fer of tech­nol­ogy be­tween en­ter­prises and uni­ver­si­ties in the two cities was pro­moted.

A fo­rum on li­cens­ing and ac­cred­i­ta­tion in the cul­tural and cre­ative in­dus­tries was or­gan­ised dur­ing the sym­po­sium as well. Par­tic­i­pants met with in­ter­na­tional ex­perts on patent li­cens­ing, Olympic in­tel­lec­tual prop­erty (IP) and an­i­ma­tion IP. Over 100 unique cul­tural and cre­ative ex­hibits were ex­hib­ited. A spe­cial event cov­er­ing Zhong­guan­cun fea­tured a com­pe­ti­tion cov­er­ing en­trepreneur­ship among young peo­ple, a road show and ex­pert rat­ing. Start-up projects with po­ten­tial so­licited in­vest­ment at the event.

High­lights

The 22nd sym­po­sium sought com­mon pros­per­ity by ef­fec­tively util­is­ing com­ple­men­tary re­sources and had four main char­ac­ter­is­tics:

The first is joint de­vel­op­ment of the Belt and Road Ini­tia­tive. The Beijing-hong Kong sym­po­sium is a faith­ful im­ple­men­ta­tion of the cen­tral govern­ment's agenda, fo­cus­ing on the na­tional strat­egy and eco­nomic and so­cial de­vel­op­ment re­quire­ments. It gives full play to the ad­van­tages of Hong Kong's pro­fes­sional ser­vices and in­ter­na­tional busi­nesses to in­te­grate Beijing and Hong Kong in ex­plor­ing new mar­kets in coun­tries and re­gions along the Belt and Road.

The sec­ond is to grasp the op­por­tu­nity to ex­pand open­ing-up. The Beijing-hong Kong sym­po­sium con­sol­i­dated achieve­ments made in the pi­lot projects of Beijing's ser­vice in­dus­try in open­ing-up; seized op­por­tu­ni­ties in open­ing-up; pro­moted co­op­er­a­tion in fi­nan­cial, pro­fes­sional ser­vices and sci­en­tific and tech­no­log­i­cal in­no­va­tion be­tween the two cities; and pro­moted qual­ity de­vel­op­ment, ag­glom­er­a­tion and in­te­gra­tion of the ser­vice sec­tor.

The sym­po­sium fos­tered prag­matic co­op­er­a­tion be­tween the two cities in the fields of sci­ence and tech­nol­ogy, cul­ture, ed­u­ca­tion, tal­ents, ur­ban man­age­ment and ma­jor en­gi­neer­ing projects. Co­op­er­a­tion in niche fields were ce­mented to pro­mote in­ter­con­nec­tiv­ity, mu­tual learn­ing and shar­ing of ben­e­fits.

The Beijing-hong Kong sym­po­sium high­lighted the sta­tus of var­i­ous com­pa­nies and fea­tured pub­lic­ity and pro­mo­tion ac­tiv­i­ties, pol­icy in­ter­pre­ta­tion, in­vest­ment op­por­tu­ni­ties and project ne­go­ti­a­tions to cre­ate co­op­er­a­tive plat­forms for State-owned en­ter­prises, pri­vate com­pa­nies and multi­na­tion­als to achieve an or­ganic flow of cap­i­tal, tech­nol­ogy and tal­ent.

The Hong Kong Trade De­vel­op­ment Coun­cil joined hands with the Beijing Mu­nic­i­pal De­vel­op­ment and Re­form Com­mis­sion to hold a spe­cial event cov­er­ing the Belt and Road Ini­tia­tive. The coun­cil val­ues op­por­tu­ni­ties brought about by the ini­tia­tive. It has car­ried out work along the Belt and Road area for many years and com­mits it­self to con­sol­i­dat­ing Hong Kong's sta­tus as a hub for pro­fes­sional ser­vices and in­for­ma­tion along the Belt and Road. It seeks to work with en­ter­prises all over China and ex­plore op­por­tu­ni­ties re­lated to the Belt and Road.

The Hong Kong Trade De­vel­op­ment Coun­cil has es­tab­lished a Belt and Road com­mit­tee to gather busi­ness lead­ers from dif­fer­ent in­dus­tries in Hong Kong and asked them to con­trib­ute to the coun­cil's pro­mo­tion plan and guide­lines. The coun­cil es­tab­lished a Belt and Road web­site to pro­vide en­ter­prises with in­for­ma­tion on mar­ket con­di­tions in coun­tries and re­gions along the Belt and Road, a list of Hong Kong ser­vice com­pa­nies and a data­base cov­er­ing Belt and Road in­vest­ment projects. The coun­cil or­gan­ises a Belt and Road sum­mit ev­ery year and in­vites de­ci­sion-mak­ers and in­vestors in China and coun­tries along the Belt and Road, as well as ser­vice providers. In 2018, more than 5,000 en­trepreneurs and other in­di­vid­u­als from around the world par­tic­i­pated in the fo­rum. It fa­cil­i­tated in­for­ma­tion ex­change and in­vest­ment. The coun­cil or­gan­ised trips to coun­tries and re­gions along the Belt and Road for com­pa­nies from around China. An in­ter­na­tional al­liance of groups along the Belt and Road has been forged. It is com­posed of trade as­so­ci­a­tions, fed­er­a­tions, think tanks and in­ter­ested or­gan­i­sa­tions. There are cur­rently 116 mem­bers. The coun­cil's 50 in­ter­na­tional of­fices can also as­sist Chi­nese com­pa­nies in ex­plor­ing over­seas mar­kets. The coun­cil in­te­grates Belt and Road el­e­ments into ma­jor oc­ca­sions and flag­ship events in Hong Kong and over­seas, such as the Asian Fi­nan­cial Fo­rum and the Asian Lo­gis­tics and Mar­itime Con­fer­ence.

New Fea­tures

The 22nd sym­po­sium had sev­eral new fea­tures com­pared with pre­vi­ous Beijing-hong Kong sym­po­siums.

The sym­po­sium high­lighted the spe­cial Belt and Road theme through var­i­ous ac­tiv­i­ties and con­sul­ta­tions. Or­gan­is­ers took into con­sid­er­a­tion the re­spec­tive ad­van­tages of Beijing and Hong Kong. En­ter­prises in Beijing

and neigh­bour­ing ar­eas were given op­por­tu­ni­ties to con­nect with re­sources from Hong Kong. The sym­po­sium high­lighted the ex­panded open­ing-up of the ser­vice in­dus­try and fea­tured spe­cial mod­ules for the ser­vice sec­tors as part of the push for a new round in the openingup of Beijing's ser­vice sec­tor. Hong Kong shared its ex­pe­ri­ence in ser­vice in­dus­try and fa­mil­iar­ity with in­ter­na­tional rules. It ex­plored how Beijing can con­tinue to con­nect with the in­ter­na­tional ser­vice in­dus­try, open-up and im­prove reg­u­la­tions. Beijing's tech­no­log­i­cal in­no­va­tion re­sources were tapped to in­te­grate with re­sources in Hong Kong. Com­pa­nies could ex­plore list­ing them­selves on the Hong Kong Stock Ex­change, and em­pha­sis was given to uni­corns.

The sym­po­sium is a plat­form for in­ter-com­pany ex­changes and con­sul­ta­tions. It in­vites State-owned en­ter­prises, pri­vate en­ter­prises and multi­na­tional cor­po­ra­tions to par­tic­i­pate in the open­ing cer­e­mony and var­i­ous en­gag­ing events. En­ter­prises from Beijing and Hong Kong were given pri­or­ity in the sym­po­sium through pol­icy pro­mo­tion, in­ter­pre­ta­tion and project ne­go­ti­a­tion, to pro­mote or­ganic flow of cap­i­tal, projects, tech­nolo­gies and tal­ent.

Ex­ten­sive Achieve­ments

The Beijing-hong Kong sym­po­sium is an im­por­tant bridge for com­mu­ni­ca­tion and co­op­er­a­tion be­tween the two cities to pro­mote eco­nomic co­op­er­a­tion.

From Jan­uary to Au­gust of 2018, Beijing used US$7.52 bil­lion of Hong Kong cap­i­tal, bring­ing the re­gion to num­ber one re­gard­ing in­vest­ment from other re­gions and coun­tries. By the end of Au­gust 2018, Hong Kong had es­tab­lished 15,626 over­seas-in­vested en­ter­prises in Beijing, ac­count­ing for 36.2 per­cent of the city's to­tal. The ac­cu­mu­lated in­vest­ment was US$78.27 bil­lion, ac­count­ing for 52.3 per­cent of all ac­tual for­eign in­vest­ment in Beijing, which again ranks Hong Kong first. In­vest­ment ar­eas in­clude the real es­tate in­dus­try, leas­ing and busi­ness ser­vices, fi­nance and in­for­ma­tion trans­mis­sion, com­puter ser­vices and soft­ware in­dus­try. As of the end of Au­gust 2018, Beijing's cu­mu­la­tive di­rect in­vest­ment in Hong Kong was US$29.33 bil­lion, ac­count­ing for 45.44 per­cent of all over­seas di­rect in­vest­ment in Beijing. In­vest­ment ar­eas in­clude in­for­ma­tion trans­mis­sion; soft­ware and in­for­ma­tion tech­nol­ogy ser­vices; cul­ture, sports and en­ter­tain­ment; leas­ing and busi­ness ser­vices; and real es­tate.

Par­tic­i­pants in the sym­po­sium in­cluded se­nior lead­ers from the Hong Kong Spe­cial Ad­min­is­tra­tive Re­gion and key govern­ment of­fi­cials, the heads of the or­gan­is­ers, renowned busi­ness­men in Hong Kong, pres­i­dents of in­ter­na­tional com­merce en­ti­ties in Hong Kong, trade of­fi­cials from for­eign em­bassies, rep­re­sen­ta­tives of com­merce as­so­ci­a­tions in Beijing, Hong Kong en­ter­prises, cen­trally-ad­min­is­tered en­ter­prises, multi­na­tion­als and pri­vate en­ter­prises. In­vi­ta­tion and regis­tra­tion were car­ried out both on­line and off­line. The regis­tra­tion process was well re­ceived in Hong Kong. More than 150 en­ter­prises and in­sti­tu­tions from the re­gion par­tic­i­pated.

The Beijing Mu­nic­i­pal In­vest­ment Pro­mo­tion Bu­reau re­alised 48 largescale Hong Kong-funded projects dur­ing the prepa­ra­tion for the Beijing-hong Kong sym­po­sium, with a con­trac­tual for­eign in­vest­ment of US$3.47 bil­lion. A to­tal of 206 bi­lat­eral in­vest­ment projects were an­nounced.

The prepara­tory com­mit­tee in­vited ra­dio and tele­vi­sion sta­tions, news­pa­pers, mag­a­zines and on­line me­dia out­lets from Beijing and Hong Kong to con­duct com­pre­hen­sive and spe­cial re­ports on the Beijing-hong Kong sym­po­sium to in­crease me­dia ex­po­sure. The event fea­tured high qual­ity stan­dards and ef­fi­ciency, which the me­dia re­ported on.

The ul­ti­mate goal of the sym­po­sium was to pro­mote the re­al­i­sa­tion of more in­tra-chi­nese and in­ter­na­tional projects. The sym­po­sium has wit­nessed the sign­ing of more than 240 co­op­er­a­tion doc­u­ments worth more than US$73 bil­lion. The sign­ing of th­ese doc­u­ments has ef­fec­tively pro­moted the trans­for­ma­tion of Beijing's eco­nomic struc­ture. Many of the 200 pro­posed co­op­er­a­tion projects that are cur­rently pend­ing be­fore the sym­po­sium have now been signed.

The 21th Beijing Hong Kong Eco­nomic Co­op­er­a­tion Sym­po­sium Open­ing Cer­e­mony

Two com­pa­nies from Beijing listed on the Hong Kong Stock Ex­change

An ex­hi­bi­tion on Hong Kong in Beijing

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