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Hong Kong and Zhejiang Establish New Cooperation Mechanism to Enhance Bilateral Ties and Development Opportunities.

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      Hong Kong and Zhejiang Establish New Cooperation Mechanism to Enhance Bilateral Ties and Development Opportunities.

      2025-04-24 18:32 Last Updated At:04-25 20:02

      High-Level Meeting cum First Plenary Session of Hong Kong/Zhejiang Co-operation Conference held in Hangzhou

      The Chief Executive, Mr John Lee, and the Secretary of the CPC Zhejiang Provincial Committee, Mr Wang Hao, leading the delegations of the governments of the Hong Kong Special Administrative Region (HKSAR) and Zhejiang respectively, held the High-Level Meeting cum the First Plenary Session of the Hong Kong/Zhejiang Co-operation Conference (the meeting-cum-plenary) in Hangzhou, Zhejiang, today (April 24). Both sides witnessed the establishment of the Hong Kong/Zhejiang Co-operation Conference Mechanism, symbolising a new stage of all-round exchanges and co-operation between the two places. The Executive Deputy Director of the Hong Kong and Macao Work Office of the Communist Party of China Central Committee and the Hong Kong and Macao Affairs Office of the State Council, Mr Zhou Ji, also attended the meeting-cum-plenary.

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      High-Level Meeting cum First Plenary Session of Hong Kong/Zhejiang Co-operation Conference held in Hangzhou Source: HKSAR Government Press Releases

      High-Level Meeting cum First Plenary Session of Hong Kong/Zhejiang Co-operation Conference held in Hangzhou Source: HKSAR Government Press Releases

      High-Level Meeting cum First Plenary Session of Hong Kong/Zhejiang Co-operation Conference held in Hangzhou Source: HKSAR Government Press Releases

      High-Level Meeting cum First Plenary Session of Hong Kong/Zhejiang Co-operation Conference held in Hangzhou Source: HKSAR Government Press Releases

      High-Level Meeting cum First Plenary Session of Hong Kong/Zhejiang Co-operation Conference held in Hangzhou Source: HKSAR Government Press Releases

      High-Level Meeting cum First Plenary Session of Hong Kong/Zhejiang Co-operation Conference held in Hangzhou Source: HKSAR Government Press Releases

      High-Level Meeting cum First Plenary Session of Hong Kong/Zhejiang Co-operation Conference held in Hangzhou Source: HKSAR Government Press Releases

      High-Level Meeting cum First Plenary Session of Hong Kong/Zhejiang Co-operation Conference held in Hangzhou Source: HKSAR Government Press Releases

      High-Level Meeting cum First Plenary Session of Hong Kong/Zhejiang Co-operation Conference held in Hangzhou Source: HKSAR Government Press Releases

      High-Level Meeting cum First Plenary Session of Hong Kong/Zhejiang Co-operation Conference held in Hangzhou Source: HKSAR Government Press Releases

      Officials of the HKSAR Government that attended the meeting-cum-plenary included the Chief Secretary for Administration, Mr Chan Kwok-ki; the Secretary for Constitutional and Mainland Affairs, Mr Erick Tsang Kwok-wai; the Secretary for Commerce and Economic Development, Mr Algernon Yau; the Secretary for Housing, Ms Winnie Ho; the Secretary for Innovation, Technology and Industry, Professor Sun Dong; the Secretary for Home and Youth Affairs, Miss Alice Mak; and the Director of the Chief Executive's Office, Ms Carol Yip.

      Hong Kong and Zhejiang reached a consensus on the following 13 co-operation areas at the meeting-cum-plenary:

      Joint pursuit of the Belt and Road development and business investment

      ----------------------------------------------------------------------

      Strengthen co-operation on the Belt and Road Initiative between the two places. Encourage Zhejiang enterprises to actively participate in the Belt and Road Summit held in Hong Kong. Encourage Zhejiang enterprises to actively participate in relevant exchange and interface sessions organised by relevant authorities in Hong Kong.

      Promote the co-operation between Hong Kong and Zhejiangin the field of professional services. Support the introduction of Hong Kong management consulting, accounting, design, legal and dispute resolution service agencies.

      Continue to actively promote collaboration and exchanges on intellectual property between the two places through publicity initiatives and seminars.

      Finance

      ----------

      Support Zhejiang Province in collaborating with the Hong Kong Exchanges and Clearing Limited and relevant securities institutions to organise and conduct business training to address enterprises' inquiries regarding listing in Hong Kong.

      Encourage enterprises in Zhejiang Province and financial institutions in Hong Kong to engage in exchanges and co-operation.

      Innovation and technology

      ------------------------------

      Jointly promote co-operation in technology research and development between Hong Kong andZhejiang. Support higher education institutions, research institutes and enterprises in Hong Kong andZhejiang to jointly launch research initiatives to achieve breakthroughs in core technologies in key fields, develop strategic emerging industries, and foster the development of future industries.

      Actively establish a two-way sci-tech financial investment and financing channel, and actively support Zhejiang's high-tech enterprises in listing and raising funds, issuing local and foreign currency bonds in Hong Kong, etc.

      Encourage and support technology entities inHong Kong andZhejiang to take the lead in the establishment of technology co-operation platforms, and set up research and development centres, etc.

      Aviation

      ----------

      Increase the frequency of flights between Hong Kong and the three airports in Hangzhou, Ningbo and Wenzhou in accordance with the market situation.

      Enhance the exchange of advanced airport management experience between airport personnel in Hong Kong andZhejiang.

      Legal and dispute resolution

      ------------------------------

      Continue to proactively support law firms of the two places to establish partnership associations and set up branches in each other's places.

      Promote co-operation between the arbitral institutions of the two places in the arbitration of civil and commercial disputes in the areas of international trade, investment, maritime commerce, etc.

      Support and promote the expansion of exchange platforms for legal, arbitration, mediation, and other professional services between the two places.

      Cultural exchange and tourism

      ------------------------------

      Strengthen cultural and tourism exchanges between the two places.

      Strengthen the exchanges and collaboration between the museums and arts and cultural institutions of Hong Kong andZhejiang, and jointly organise international exhibitions.

      Education

      ----------

      Promote the development of the Zhejiang-Hong Kong Vocational Education Alliance. Effectively carry out visits to Zhejiang for Mainland study tours of the senior secondary subject of Citizenship and Social Development and Mainland study tours for teachers.

      Facilitate more schools in the two places in forming sister school pairs for conducting exchange activities in diverse forms.

      Encourage higher education institutions in Zhejiang Province to further deepen co-operation with higher education institutions in Hong Kong and carry out various forms of collaborative projects, such as joint scientific research, academic seminars, and teacher-student exchanges.

      Youth development

      --------------------

      Actively explore the introduction of a quality internship programme in Zhejiang under the Thematic Youth Internship Programmes to the Mainland.

      Support Hong Kong youths to participate in short-term experiential programmes at innovation and entrepreneurial bases in Zhejiang.

      Encourage and support Hong Kong youth entrepreneurial teams funded under the Youth Development Fund of the Government of the HKSAR to expand their businesses to Zhejiang.

      Health and Chinese medicine

      ------------------------------

      Strengthen exchanges and co-operation between the two sides in areas such as clinical talents, primary healthcare and hospital management.

      Support Hong Kong service providers to develop Hong Kong-Zhejiang joint ventures, co-operative medical institutions and wholly owned medical institutions in accordance with the law.

      Expedite academic and talent exchanges in Chinese medicine between the two places, and strengthen co-operation in the area of international standardisation of Chinese medicine.

      Environmental protection

      ------------------------------

      Promote the implementation of the co-operation agreement signed between the Radiation Monitoring Technical Center of the Ministry of Ecology and Environment and the Hong Kong Observatory. Support technical staff of both sides in conducting regular technical discussions.

      Strengthen technical exchanges and co-operation in the field of carbon monitoring.

      Strengthen exchanges and discussions between Hong Kong andZhejiang in areas such as environmental protection-related industry and technological innovation.

      Housing

      ----------

      The two parties will engage in collaborative exchanges encompassing innovative housing technologies, intelligent construction, resource conservation, as well as low-carbon and emission-reduction initiatives.

      The two parties will strengthen collaboration in innovative housing technologies, smart estate management, and the development of harmonious communities through reciprocal visits and professional training exchanges.

      Talent and civil service exchange

      ------------------------------

      Strengthen communication and connections with renowned schools in Hong Kong.

      Continue to promote and deepen exchanges between civil servants from both sides, and launch a new round of the exchange programme under the guidance of the Hong Kong and Macao Work Office of the Communist Party of China Central Committee.

      Facilitation measures for Hong Kong people on the Mainland

      ------------------------------------------------------------

      Fully implement the policies and measures introduced by the relevant Central Government departments to facilitate the development of Hong Kong and Macao residents on the Mainland, and facilitate Hong Kong people studying, working and living in Zhejiang.

      Explore the expansion of the scope of application of the Mainland Travel Permits for Hong Kong and Macao Residents in various government and public services in Zhejiang.

      Co-operation memorandum signing ceremony

      ----------------------------------------

      At the meeting-cum-plenary, the Chief Secretary for Administration, Mr Chan Kwok-ki, and Vice Governor of the Zhejiang Provincial People's Government Mr Lu Shan, signed the "Hong Kong/Zhejiang Co-operation Conference Mechanism" and the "Co-operation Memorandum of the High-Level Meeting cum First Plenary Session of the Hong Kong/Zhejiang Co-operation Conference". The documents (Chinese only) are in Annex 1 and Annex 2.

      In addition, four co-operation agreements were signed by government departments and statutory bodies of the two places:

      (i) Memorandum of Understanding on Enhancing Zhejiang/Hong Kong Innovation and Technology Co-operation;

      (ii) Letter of Intent on Strengthening Exchanges and Co-operation in Innovative Housing Technologies, Smart Estate Management and Well-being Community;

      (iii) Memorandum of Understanding on Promoting High-Quality Economic and Trade Co-operation; and

      (iv) Memorandum of Understanding on Jointly Promoting Youth Development Co-operation.

      The co-operation agreements (i), (ii) and (iv) signed by the government departments of the two places (Chinese only) are in Annexes 3 to 5.

      High-Level Meeting cum First Plenary Session of Hong Kong/Zhejiang Co-operation Conference held in Hangzhou Source: HKSAR Government Press Releases

      High-Level Meeting cum First Plenary Session of Hong Kong/Zhejiang Co-operation Conference held in Hangzhou Source: HKSAR Government Press Releases

      High-Level Meeting cum First Plenary Session of Hong Kong/Zhejiang Co-operation Conference held in Hangzhou Source: HKSAR Government Press Releases

      High-Level Meeting cum First Plenary Session of Hong Kong/Zhejiang Co-operation Conference held in Hangzhou Source: HKSAR Government Press Releases

      High-Level Meeting cum First Plenary Session of Hong Kong/Zhejiang Co-operation Conference held in Hangzhou Source: HKSAR Government Press Releases

      High-Level Meeting cum First Plenary Session of Hong Kong/Zhejiang Co-operation Conference held in Hangzhou Source: HKSAR Government Press Releases

      High-Level Meeting cum First Plenary Session of Hong Kong/Zhejiang Co-operation Conference held in Hangzhou Source: HKSAR Government Press Releases

      High-Level Meeting cum First Plenary Session of Hong Kong/Zhejiang Co-operation Conference held in Hangzhou Source: HKSAR Government Press Releases

      High-Level Meeting cum First Plenary Session of Hong Kong/Zhejiang Co-operation Conference held in Hangzhou Source: HKSAR Government Press Releases

      High-Level Meeting cum First Plenary Session of Hong Kong/Zhejiang Co-operation Conference held in Hangzhou Source: HKSAR Government Press Releases

      Next Article

      HKMA to Hold Tender for HK$1.2 Billion 2-Year Exchange Fund Notes on May 23, 2025

      2025-05-14 16:30 Last Updated At:16:38

      Tender of 2-Year Exchange Fund Notes to be held on May 23

      The following is issued on behalf of the Hong Kong Monetary Authority:

      The Hong Kong Monetary Authority (HKMA) announces that a tender of 2-year Exchange Fund Notes will be held on 23 May 2025 (Friday) for settlement on 26 May 2025 (Monday), as set out in the published tentative issuance schedule. This is to roll over an issue of 2-year Exchange Fund Notes maturing on the same day.

      A total of HK$1,200 million 2-year Notes will be on offer, of which HK$5 million will be made available for offer to members of the public who wish to submit non-competitive tender bids through Hong Kong Securities Clearing Company Limited (HKSCC). If the Notes reserved for non-competitive tender are under-subscribed, the non-subscribed amount will be added to the portion of notes for competitive tender (initially set at HK$1,195 million). The Notes will mature on 26 May 2027 and will carry interest at the rate of 2.16 per cent per annum payable semi-annually in arrears.

      Members of the public who wish to submit non-competitive tender applications for Notes that are open to HKSCC may do so through Stock Exchange Participants/Brokers, or for those who hold Investor Accounts of the Central Clearing and Settlement System (CCASS) at the HKSCC, directly through HKSCC, for submission to the HKMA for processing. Competitive tender applications for the Notes must be submitted through any of the Eligible Market Makers appointed by the HKMA, with the current published list available on the HKMA's website at www.hkma.gov.hk. Each tender must be for an amount of HK$50,000 or integral multiples thereof for both competitive and non-competitive tender.

      The tender results will be published on the HKMA's website, the Refinitiv screen (HKMAOOE), and Bloomberg. Applicants who submitted non-competitive tender bids through HKSCC may also obtain the tender results from Stock Exchange Participants/Brokers, or for applicants who hold Investor Accounts at HKSCC's CCASS from the CCASS terminal for CCASS Broker/Custodian/Participants and CCASS Phone System.

      HKMA Exchange Fund Note Programme Tender Information

      ------------------------------------------------------------------

      Tender information of 2-Year Exchange Fund Notes:

      Issue Number

      :

      02Y2705

      Stock code

      :

      4105 (EFN 2.16 2705)

      Tender date and time

      :

      Friday, May 23, 2025

      9.30am to 10.30am

      Issue and Settlement Date

      :

      Monday, May 26, 2025

      Amount on offer

      :

      HK$1,200 million

      (up to HK$5 million for non-competitive tender)

      Commencement of/

      Deadline for

      submission of non-competitive tender bids by retail investors through HKSCC

      :

      Please refer to requirements as set down by HKSCC

      Maturity

      :

      Two years

      Maturity Date

      :

      Wednesday, May 26, 2027

      Interest Rate

      :

      2.16 per cent p.a.

      Interest Payment Dates

      :

      November 26, 2025

      May 26, 2026

      November 26, 2026

      May 26, 2027

      Tender amount

      :

      Each tender must be for an amount of HK$50,000 or integral multiples thereof for both competitive and non-competitive tender. Members of the public who wish to apply for the Notes through non-competitive tenders that are open to HKSCC may do so through Stock Exchange Participants/ Brokers, or for those who hold Investors Accounts at HKSCC's CCASS, directly through HKSCC. Members of the public who wish to apply for the Notes through competitive tender may only do so through any of the Eligible Market Makers on the current published list.

      Other details

      :

      Please see Information Memorandum published or approach Eligible Market Makers, HKSCC, or brokers who are Exchange Participants of the Stock Exchange of Hong Kong.

      Expected commencement date of dealing on the Stock Exchange of Hong Kong

      :

      Tuesday, May 27, 2025

      Price/Yield Table of the new EFN at tender for reference* only:

      Yield-to- Maturity

      Price

      Yield-to-Maturity

      Price

      1.16

      101.98

      2.16

      100.02

      1.21

      101.88

      2.21

      99.93

      1.26

      101.78

      2.26

      99.83

      1.31

      101.68

      2.31

      99.73

      1.36

      101.58

      2.36

      99.64

      1.41

      101.48

      2.41

      99.54

      1.46

      101.39

      2.46

      99.45

      1.51

      101.29

      2.51

      99.35

      1.56

      101.19

      2.56

      99.26

      1.61

      101.09

      2.61

      99.16

      1.66

      100.99

      2.66

      99.07

      1.71

      100.90

      2.71

      98.97

      1.76

      100.80

      2.76

      98.88

      1.81

      100.70

      2.81

      98.78

      1.86

      100.60

      2.86

      98.69

      1.91

      100.51

      2.91

      98.59

      1.96

      100.41

      2.96

      98.50

      2.01

      100.31

      3.01

      98.40

      2.06

      100.22

      3.06

      98.31

      2.11

      100.12

      3.11

      98.22

      2.16

      100.02

      3.16

      98.12

      * Disclaimer

      The information provided here is for reference only. Although extreme care has been taken to ensure that the information provided is accurate and up-to-date, the HKMA does not warrant that all, or any part of, the information provided is accurate in all respects. You are encouraged to conduct your own enquiries to verify any particular piece of information provided on it. The HKMA shall not be liable for any loss or damage suffered as a result of any use or reliance on any of the information provided here.

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