Hong Kong and Shenzhen sign 25 agreements to strengthen cooperation in tech and commerce, as Greater Bay Area cities boost economic collaboration
- People and cities across China are striving for economic growth, Communist Party head of Shenzhen’s Futian district says
- Local Chinese governments are encouraging in-person meetings and business trips as they vie for investment and talent to boost economic growth
A delegation from Shenzhen’s Futian district signed 25 agreements with the Hong Kong government on Friday to enhance cooperation in a number of fields, including technology, business and commerce.
“Hong Kong is transitioning to the stage of systematic regulation towards prosperity, while the mainland is also trying to revive every sector,” Huang Wei, the Communist Party head of Futian district, said at a briefing in Hong Kong on Friday. “Across the nation [people and cities] are striving for economic growth.”
He added that Futian would provide comprehensive support to “our friends in Hong Kong” as the district seeks to attract investment and talent to drive growth.
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Local Chinese governments are encouraging in-person meetings and business trips as they vie for investment and talent to boost economic growth, after the country’s gross domestic product grew by 3 per cent last year, missing the annual target of around 5.5 per cent.
Hong Kong has also launched a major drive to regain its economic position after three years of stagnation caused by strict Covid-19 curbs, focusing on luring international investment and talent and boosting business with the mainland.