Symposium seeks to boost economic cooperation between Beijing, Hong Kong

Aims to create a win-win situation.

The ongoing17th Beijing-Hong Kong Economic Cooperation Symposium will see a total of 370 investment projects in Beijing promoted in the 14 business matching activities. The projects cover finance, trade, cultural and creative industries, innovative technology, logistics and tourism. Initiated in 1997, the symposium is now an effective platform for cooperation between Beijing and Hong Kong companies.

A total of 138 investment projects have been successfully matched since last year's symposium. Of this total, 112 have been registered, with a registered capital of US$3.06 billion. Thirty-nine are projects worth more than US$10 million each. Investment from Hong Kong reached US$3.1 billion in the first nine months of 2013, accounting for 41% of Beijing's utilized foreign direct investment, said the Beijing Investment Promotion Bureau.

By this September, Hong Kong had established a total of 12, 468 companies in Beijing with an actual investment of US$27.8 billion. Hong Kong is also the top overseas investment destination for Beijing-based companies. In the first nine months of this year, Beijing's direct investment in Hong Kong reached US$742 million, up 572% on-year.