Ningbo govt delegation visits HK

The Hong Kong Polytechnic University signs a memorandum of cooperation with Ningbo Eastern University of Technology on June 25. [Photo/Ningbo Evening News]

A government delegation headed by Peng Jiaxue, Party chief of Ningbo, visited Hong Kong from June 24 to 26 to explore new cooperation opportunities with the Special Administrative Region (SAR).

During the trip, the delegation met with representatives from several organizations, including the Hong Kong branch of China Taiping Insurance Holdings Co Ltd, Hong Kong Polytechnic University, and the Hong Kong Stock Exchange.

Several agreements were signed between Ningbo and Hong Kong, including a memorandum of cooperation between Hong Kong Polytechnic University and Ningbo Eastern University of Technology (tentative name). Ningbo municipal government also inked a memorandum of cooperation with the Hong Kong Stock Exchange.

The delegation is scheduled to attend the Ningbo-Hong Kong Economic Cooperation Forum in Hong Kong on June 27.

Since its inception in 2002, the forum has become a vital platform for boosting bilateral economic ties. Cooperative projects signed into effect during the forum in previous years totaled approximately $25.5 billion in investment.

Hong Kong has become Ningbo's largest source of foreign investment, an important partner in trade and overseas mergers and acquisitions and the primary market for Ningbo enterprises looking to go public. At the same time, Ningbo has become a fertile ground for those in Hong Kong's business community looking to invest and expand into the mainland market.