HAINAN EXTENDS BUSINESS COLLABORATIONS DURING VISITS TO UAE, HONG KONG

KUALA LUMPUR, Sept 20 (Bernama) -- The delegation from Hainan has engaged in numerous economic and trade negotiations, conducted investment promotion activities and issued offshore bonds throughout their recent visits to the United Arab Emirates (UAE) and Hong Kong SAR.

According to the Publicity Department of Hainan Party Committee in a statement, the visit showcased Hainan's unwavering commitment to expanding its high-level openness.

Hong Kong is not only Hainan's largest source of foreign investment but also one of its most important trading partners. During the visit to Hong Kong, Hainan held a promotion conference where Haikou Fullsing Internet Industrial Park reached cooperation agreements with five enterprises and institutions.

In a meeting with the Governor of Hainan Province, Liu Xiaoming, Chief Executive of the Hong Kong SAR, John Lee Ka-chiu noted that Hong Kong's professional service industries in accounting, finance, law as well as innovation and technology possess abundant talent.

He also pointed out that these industries can provide support for the development of Hainan's free trade port, while also offering broader development opportunities for professionals in Hong Kong's service industries.

Meanwhile, during their visit to the UAE, the Hainan delegation organised the "China Hainan Free Trade Port -- the UAE Promotion Conference" with the aim of promoting Hainan's free trade port policies, highlighting its accomplishments in high-quality development, among others.

During the visit, Hainan Province completed the book value pricing of its offshore Renminbi local government bonds for 2023 in Hong Kong, with a total issuance size of 5 billion Chinese yuan. (100 Chinese yuan = RM64.32)

The funds raised will mainly be invested in areas such as healthcare, education, marine conservation, environmental monitoring and restoration, as well as species resource protection.

-- BERNAMA