News

Economy

Staff Reporter

, Hong Kong

Published:

2 days ago

Photo from news.gov.hk

Gov’t to boost economic ties with Hainan under new pact

Hong Kong will support Hainan’s expansion into the global market.

The government has signed a memorandum of cooperation with the Hainan Provincial People’s Government to strengthen economic collaboration between the two sides.

The agreement aims to deepen cooperation in five key areas: trade and investment, finance, safe data flows, tourism, and talent exchanges.

Chief Executive John Lee said Hong Kong will help introduce international projects to Hainan and support the province’s capital investments in overseas markets, with the goal of jointly expanding into the global market.

Hong Kong has long been a major source of external investment in Hainan, with more than 700 Hong Kong enterprises operating there in 2024 and direct investment reaching $16b (RMB15b).

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