Published: 18:05, December 26, 2018 | Updated: 18:34, December 26, 2018
3,978 Shandong firms boast HK investment
By ​Xinhua

Chief Executive Carrie Lam Cheng Yuet-ngor (second right) meets Secretary of the CPC Shandong Provincial Committee Liu Jiayi (second left) at Government House on Dec 4, 2018. Secretary for Constitutional and Mainland Affairs Patrick Nip (first right) was also present. (PHOTO / HKSAR GOVERNMENT)

JINAN - The number of enterprises enjoying investment from Hong Kong in east China's Shandong province has touched 3,978, according to the Hong Kong Economic and Trade Office (Shanghai).

Shandong's actual quantum of investment from Hong Kong has reached around US$40 billion. 

The Hong Kong investors have put money into sectors ranging from manufacturing, real estate, wholesale and retail to new energy and materials, Tang Chung-man, director of the office, said Monday on the sidelines of an exhibition held in Shandong's capital Jinan.

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Tang added Shandong's actual quantum of investment from Hong Kong has reached around US$40 billion.

In 2017, Shandong's GDP beat the 7-trillion yuan mark, ranking third in the country.

Shandong and the Hong Kong Special Administrative Region have maintained close economic and trade relations. By the end of 2017, more than 800 Shandong-based enterprises had invested a total of 91.5 billion yuan (about US$13.3 billion) in Hong Kong, Tang said.

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The Hong Kong Economic and Trade Office in Shanghai was set up in 2006 to foster closer cooperation between Hong Kong and Shanghai Municipality as well as the provinces of Jiangsu, Zhejiang, Anhui and Shandong in eastern China.