ALGERNON YAU TOURS SZ FIRMS

Secretary for Commerce & Economic Development Algernon Yau today led a business delegation of enterprises of Belt & Road countries operating in Hong Kong to start a two-day visit to the Guangdong-Hong Kong-Macao Greater Bay Area (GBA) in Shenzhen.

Being the first business networking event organised by the Hong Kong Special Administrative Region Government for enterprises of Belt & Road countries operating in Hong Kong, the visit seeks to promote the city as a services hub in assisting enterprises to tap the Mainland market.

Members of the delegation include 20 representatives from 15 enterprises from countries including Indonesia, Malaysia, Thailand and Vietnam, covering industries such as investment, finance, tourism, construction, environmental protection, energy and infrastructure.

The visit is arranged under the themes of green development and innovation and technology to respond to "promoting green development" and "advancing scientific and technological innovation" of the eight major steps to support the high-quality development of the initiative, as announced by President Xi Jinping.

In the morning, Mr Yau led the delegation to visit the headquarters of BYD Company to learn about its latest developments in areas such as vehicles, rail transit, ternary lithium batteries and blade battery nail test experiments.

The delegates also experienced first hand the intelligent rail transit system, SkyShuttle.

Mr Yau also hosted a welcome luncheon for the delegation, where he said Hong Kong is not only a superconnector, but also a super value-adder that has a lot to offer with its professional services sector, and enterprises would benefit a lot by utilising such world-class professional services.

At Tencent's headquarters in the afternoon, Mr Yau and the delegation were briefed on digital transformation and financial solutions, artificial intelligence technology as well as its services and products in the areas of social media and electronic games, and real-case applications in Southeast Asia.

The delegation later met representatives of the Belt & Road Environmental Technology Exchange & Transfer Center (Shenzhen) (B&RETTC) to learn about its work and explore collaboration opportunities.

Witnessed by Mr Yau, four enterprises respectively signed a memorandum of understanding with the B&RETTC, laying a good foundation for further co-operation in promoting green development.

In the evening, Mr Yau and the delegation attended a dinner with Shenzhen Vice Mayor Wang Shourui. Mr Yau said with the experience of this visit and a profound foundation of collaboration with the Shenzhen Municipal People's Government, it is hoped that more diversified enterprises from Belt & Road countries operating in Hong Kong will have the opportunity to explore business opportunities in the GBA.

The delegation will conclude the Shenzhen leg of their trip tomorrow morning and proceed to Guangzhou in the afternoon to continue the visit.

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