Unveiling New Horizons: Hong Kong Trade Delegation Explores Investment Potential in Quzhou

In a significant move to bolster economic relations, a group of entrepreneurs and investors from Hong Kong embarked on a two-day visit to Quzhou, located in Zhejiang province, from November 21-22, 2024. Their mission? To explore lucrative investment opportunities and strengthen the already burgeoning economic ties between the two regions.

The trade delegation was led by Terence Lau, director of the Zhejiang Liaison Unit of the HKSAR government. During their time in Quzhou, members engaged with local commerce officials and business leaders, assimilating valuable insights about the city’s industrial landscape. They toured various industrial parks and leading local enterprises, gaining an understanding of Quzhou's robust economic framework, investment climate, and supportive policy environment.

Lau emphasized the complementary nature of Quzhou and Hong Kong’s economic structures, revealing exciting prospects for collaboration in high-potential sectors such as rail transportation and healthcare. This speculative partnership could tap into the unique strengths of both areas, potentially leading to groundbreaking advancements and shared innovations.

The statistics are telling: trade between Quzhou and Hong Kong has experienced remarkable growth in recent years. As of October 2024, bilateral trade surged to an impressive 2.17 billion yuan (approximately $300 million), more than doubling compared to the same timeframe last year. This upward trajectory is a clear indication of the strengthened economic synergy developing between the two regions.

This exchange follows a visit by a Quzhou delegation to Hong Kong in May, which focused on promoting investment and trade opportunities. The momentum created from these reciprocal visits signifies a meaningful commitment from both parties to enhance their collaborative efforts and maximize mutual benefits.

With both regions showing a strong inclination toward partnership, the future holds promising possibilities for enhanced economic development and cross-border trade. As Quzhou and Hong Kong continue to forge closer ties, the vision of integrated economic growth is becoming increasingly attainable.