The Hong Kong Special Administrative Region (KHSAR) government and the Hong Kong Trade Development Council (HKTDC) on Tuesday held an investment promotion event at the seventh China International Import Expo (CIIE), bridging cooperation between enterprises from the mainland and SAR.
The CIIE is the world's first national-level exposition dedicated to imports. Running from November 5 to 10 under the theme of "New Era, Shared Future," this year's CIIE has attracted participants from 152 countries, regions and international organizations to participate in its country exhibition and business exhibition.
More than 300 Hong Kong enterprises are participating in the expo to promote their high-quality products and services, representing nearly one-tenth of the total number of exhibitors at the CIIE.
The investment promotion event provides a deeper level of engagement for mainland businesses to explore more development opportunities in Hong Kong. At the event, five mainland enterprises signed key cooperation projects with Invest Hong Kong, a HKSAR government department responsible for foreign direct investment, covering areas such as biomedicine, technology and energy.
"We want to promote our 6G projects in Hong Kong, which are some research and development activities for the next generation of mobile communications. By taking advantages of Hong Kong's support for the high-tech sector and its geographical location, we hope to explore international cooperation," said Luo Zhiyao, an enterprise representative.
With the goal of introducing Hong Kong's high-quality products and professional services into the mainland market while facilitating mainland enterprises to go global through Hong Kong's business platform, the HKTDC has set up a Hong Kong Products Pavilion and a Hong Kong Services Pavilion at this year's CIIE, where 52 Hong Kong enterprises are showcasing their quality products and services covering food, innovation and technology, professional services, logistics, information technologies, trade and finance.
Hong Kong holds investment promotion event at CIIE
The ongoing 7th China International Import Expo (CIIE) is promoting international trade and collaboration in the global energy sector, with the event witnessing a large deal to import liquefied natural gas (LNG) into China.
As one of the world's largest energy markets, China plays a crucial role in the global energy transition. This week in Shanghai, major international energy companies are gathering at the CIIE to form partnerships with Chinese enterprises.
A signing ceremony titled "Building Global Energy Partnership" was held at one of the event's venues. There, China's Sinopec Group finalized contracts valued at over 40 billion U.S. dollars with 38 partners from 18 countries and regions worldwide.
One significant agreement is a long-term LNG supply framework between Sinopec and TotalEnergies. Under this contract, TotalEnergies will supply Sinopec with approximately 2 million tons of LNG annually over a 15-year period beginning in 2028.
"As you know, Sinopec is one of the largest LNG (liquefied natural gas) importers in China. And we are also number three in the world. It's a contract to supply 15 years LNG from our global portfolio, our worldwide portfolio, to Sinopec, with delivery in China to meet the fast and growing demand of the gas market in China," said Stephane Michel, president of TotalEnergies.
According to Sinopec's President, the group leverages the extensive platform of the CIIE to fulfill its commitment to transforming the Chinese market into a marketplace accessible to all.
"China is the world's largest importer of liquefied natural gas, and TotalEnergies is a key partner of Sinopec. We utilize the CIIE as a platform to collaboratively develop a green energy supply chain and enhance our international competitiveness. The signing of this agreement will further solidify the strategic partnership between the two companies in the natural gas sector, contributing positively to global energy governance and efforts to combat climate change," said Zhao Dong, board director and president of China Sinopec Group.
Since the inaugural CIIE in 2018, Sinopec has signed contracts totaling over 285 billion U.S. dollars across seven expos. Last year, the group secured an LNG contract with Qatar Energy during the 6th CIIE, underscoring the significant potential for state-owned enterprises to expand their international collaborations.
Running from Nov. 5 to 10 under the theme of "New Era, Shared Future," the 7th CIIE has attracted participants from 152 countries, regions, and international organizations to participate in its country exhibition and business exhibition.
CIIE helps promote global energy collaboration with large natural gas deal signed
