From May 25 to 29, during the 2024 Hong Kong-Macao-Shandong Week, a delegation from Yantai conducted economic and trade negotiations in Hong Kong.

The delegation visited 16 enterprises, parks, financial institutions, and business associations, hosting a series of economic and trade events like the Yantai-Hong Kong Green, Low-Carbon and Tech-Finance Cooperation Exchange Conference, and the Yantai-Hong Kong Financial Cooperation Exchange and Key Enterprise Promotion Conference. Ultimately, 14 projects with a total investment of 23 billion yuan ($3.17 billion) were signed into effect, focusing on clean energy, biomedicine, petrochemicals, and chemical new materials industries.

Hong Kong, a globally renowned financial, shipping, and trading hub, and Yantai, one of the first coastal cities to open its business to foreign countries, both boast high degrees of openness and have long maintained a close relationship in terms of both economy and trade as well as cultural exchanges.

Hong Kong has carried out over 4,100 investment projects in Yantai, with 867 registered Hong Kong-funded enterprises operating in the city and a total investment of $20.1 billion.

Since the previous Hong Kong-Macao-Shandong Week event, the Yantai Municipal Government has signed a strategic cooperation framework agreement with the Chinese University of Hong Kong, while Ninghai Middle School from Muping district in Yantai has also established a sister-school relationship with the Chinese International School from Hong Kong.

Through this latest economic and trade negotiation activity, Yantai is showcasing its open, confident, and vibrant urban qualities to Hong Kong investors, paving the way for a new phase in their cooperation.