Projects worth 14 billion USD inked for Hong Kong, Guangdong cooperation

Enterprises from south China's Guangdong Province and the Hong Kong Special Administrative Region (SAR) signed 126 projects worth over 100 billion yuan (about 14 billion U.S. dollars) during a business promotion activity held on Monday.

The projects cover various fields including trade and investment, financial cooperation, modern logistics, innovative technology, green development, low-altitude economy, as well as culture, tourism and sports, according to authorities in Guangdong.

As China's manufacturing hub, Guangdong boasts over 76,000 high-tech enterprises. The province produces about 70 percent of the world's consumer drones, 40 percent of the world's smartphones, one-quarter of China's new energy vehicles, and one-fifth of the country's integrated circuits.

Guangdong looks forward to joining hands with Hong Kong to create an international consumer hub in the Guangdong-Hong Kong-Macao Greater Bay Area and sharing the capabilities of its large-scale market, according to the provincial government.

The business promotion activity was held in Guangzhou, capital of Guangdong and co-hosted by Guangdong provincial government and the Hong Kong SAR government.