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Online Conference for Promoting Two Zones Construction Held in Hong Kong

2021-04-08 15:35  

Constructing the National Comprehensive Model Zone for Service Industry Development and Opening-up and China (Beijing) Pilot Free Trade Zone (the Two Zones) is a major policy adopted by the Central Government to support Beijing's development and opening-up, which is of great significance for the capital to build its new development layout. On March 30, 2021, Beijing Investment Promotion Service Center cooperated with the Hong Kong General Chamber of Commerce and Hong Kong Trade Development Council to jointly hold an Online Conference for Introducing and Promoting of the Two Zones Construction in order to introduce and publicize policies concerning the Two Zones Construction and encourage Hong Kong companies to invest in the Two Zones. Senior Officials from the Two Zones Office and local governments of Xicheng, Fengtai and Tongzhou Districts introduced the policies and the business environment. Attendees of the online conference were representatives from institutes including Hong Kong Chinese Enterprises Association and Hong Kong China Chamber of Commerce, and over 60 large companies including the Bank of East Asia (Hong Kong), the Hong Kong and Shanghai Banking Corporation Limited, Standard Chartered, Hang Seng Bank, UBS Group AG, Hong Kong Exchanges and Clearing, China Taiping Life Insurance Group (Hong Kong) and Sun Hung Kai Property.

On the conference, officials from the Beijing Two Zones Office mainly introduced the background and the main content of the Beijing Two Zones construction and the new opportunities it may bring. The relevant policies were also introduced. Senior Officials from the local governments of Xicheng, Fengtai and Tongzhou Districts respectively introduced key districts like the Beijing Innovation Model District for Financial Technology and Services, Lize Financial Business District of Beijing (FBD), Canal Business District which is the sub-CBD of Beijing. They also introduced the relevant policies that encourage opening-up and innovation. After the introduction session, representatives from Hong Kong companies asked questions concerning the relevant policies, which were all answered by the officials. After the conference, those representatives said this conference gave a detailed introduction on plentiful policies of constructing the Two Zones in many fields. It enabled them to fully understand the potential investment directions and the development opportunities and enhanced their confidence in investing in Beijing. Over 10 companies including Hong Kong Land, Sino Group and Asian Tigers Group expressed their intention of increasing investment in Beijing. Later they will communicate the details with the relevant officials.