A comprehensive investment firm from New Zealand, Stonewood Group, signed several technology-related cooperation agreements with Hong Kong businesses at the Belt and Road Summit, co-organised by the Hong Kong SAR Government and Hong Kong Trade Development Council (HKTDC) this summer.
Innovation and technology (I&T) are important forces driving long-term economic development. The Hong Kong SAR Government has contacted more than 200 companies so far in its drive to attract innovative companies to the city, of which more than 25 had already settled or were planning to settle in Hong Kong, or expand their business scale in Hong Kong, with an investment of more than HK$17 billion (US$2.17 billion).
The Ningbo-Hong Kong Economic Cooperation Forum 2023, jointly organised by the HKTDC and the government of Ningbo city, Zhejiang province, was held in Hong Kong last month. A Ningbo delegation comprising political and business leaders attended in-person, as the two cities explored collaborations to drive the nation’s high-quality development, as well as create new momentum for Hong Kong’s economy.