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HKEx and Zhongguancun use road show to strengthen cooperation

Published on 07/25 2017  Source: chinadaily.com.cn

 

Hong Kong Exchanges and Cleaning Limited (HKEx) had its first Chinese mainland roadshow in Zhongguancun on July 18.

This was the largest delegation from Hong Kong comprising hundreds of representatives from Invest Hong Kong, HKEx, Hong Kong Science and Technology Park, Hong Kong Venture Capital Association, enterprises and investment organizations.

Wang Rufang, deputy director of the administrative committee of Zhongguancun, and He Zhaokang, assistant director of Invest Hong Kong attended the meeting.

Sun Ling, assistant director of the administrative committee, noted that Zhongguancun wished to take advantage of the show to deepen cooperation with HKEx. "The aim is to intensify the link between new businesses and the international market" he emphasised.

Mr Zhaokang introduced the advantages of Hong Kong's capital market, and promised to offer commercial and financial assistance to Zhongguancun enterprises.

With the development of artificial intelligent technology, Zhongguancun has been focusing on emerging economies such as sharing economy, internet education, smart finance, and so on. The park has formed many competitive clusters of new industries, among which the artificial intelligence industry is most remarkable, ranking number one in China with 241 enterprises and 7841 patent applications.

HKEx is the bridge between domestic enterprises and the international market. Its comprehensive assessment indicator system attracts many Zhongguancun enterprises to list in Hong Kong. More than half of 97 Zhongguancun enterprises listed overseas chose HKEx. Their combined value and assets is estimated at 500 billion yuan ($73.83 billion).

Zhongguancun signed a strategic cooperation agreement with HKEx in 2011. The two organizations intend to strengthen their collaboration and improve policies to stimulate the development of Zhongguancun enterprises in the international market.