An online business promotion conference exploring cooperation with Hong Kong was held on June 30. 

More than 50 enterprises based in Yantai, including Jereh Group, Luye Pharma Group and Dongfang Electronics Corporation, as well as commercial administration departments from the city's counties and districts participated.

The event, which is part of the Second Conference of Great Business Partners, highlighted Hong Kong's investment environment and featured professional services in the fields of finance and law.

It aimed to provide a platform for Shandong province to deepen cooperation and exchange with Hong Kong.

Hong Kong is an important economic and trade partner for Yantai, a coastal city in East China's Shandong province.

To date, Yantai has invested in 84 enterprises and institutions in Hong Kong, with another $840 million already agreed upon. 

The Yantai government will further help the city's companies invest in Hong Kong and realize cross-border acquisitions through cooperation with Hong Kong, which also promote the city's opening-up.