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Home >> Business
UPDATED: 09:15, November 16, 2004
Hainan unveils 161 projects for investment
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Hainan unveiled 161 projects in nine fields with a total investment of 100 billion RMB (12.5 billion US dollars) for foreign investment at the Hainan (Hong Kong) Trade and Investment Fair held Monday in Hong Kong.

Ranging from high-tech industry, agriculture, tourism, logistic, real estate to infrastructure and culture, these projects aim to share Hainan's business opportunities with foreign companies, especially Hong Kong companies.

"We have carefully prepared these investment projects, which have been chosen in accordance with Hainan's social and economic situation as well as Hong Kong's practical conditions," said Wei Liucheng, governor of Hainan province.

He said that Hainan-Hong Kong cooperation has achieved remarkable success over the past 16 years and Hong Kong has become the largest investment source and the most important trading partner of Hainan.

The accumulative real investments made in Hainan by Hong Kong enterprises have exceeded 4 billion US dollars, accounting for 60 percent of the total foreign investments introduced into the province, and the Hainan-Hong Kong trade volume has taken up over 80 percent of Hainan's total volume of foreign trade.

He noted that the convening of the Pan-Pearl River Delta Region Cooperation and Development Forum in early June has created a new platform for cooperation between Hainan and Hong Kong. The fair was another significant action to strengthen cooperation of the two sides.


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