MARKETS & INVESTING | Staff Reporter, Hong Kong

Hong Kong and China enterprises invest in Peru projects

MOUs include investments in energy, coffee trade, and mining projects.

The Regional and Provincial Government of Peru Hong Kong Office officially opened. It entered six memorandums of understanding (MOU) with companies from Hong Kong and mainland China to invest in energy, trade, and mining projects in Peru, according to a press release.

The MOUs signed included energy projects like the construction of a hydropower station with Beijing Hongxiao Xinghua Technology Co., Ltd., and a solar farm with Wanke Energy Technology Co.

They also signed for investing in coffee distribution, promotion of coffee culture, and a coffee inspection center and free trade inspection area with Hong Kong Encash Investment Company Ltd., as well as a gold mining project with Cyber Credit Technology (Hong Kong) Ltd.

At the same time, the municipalities of Chanchamayo and Utcubamba gave authorisation to Asia Cosmos Group Ltd. (ACG) in supporting commercial exchange between Peru and Hong Kong, Macau, and mainland China. They will facilitate development of tourism, agriculture, trade, and technology in addition to attracting investments for projects and promoting Peruvian culture.

With the support of Peru Chamber Hong Kong and finance enterprise ACG, the office was set to promote Chanchamayo and Utcubamba in Hong Kong, Macau, and mainland China to strengthen bilateral trade and induce investments on agriculture, trade, technology, and tourism projects.

The office also held an honors presentation ceremony to those deemed to have greatly contributed to Peru's economic trade and development.

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