Hong Kong and mainland China’s Zhejiang province, known as the country’s technology stronghold, have signed a deal covering 13 key areas and 51 projects, with a focus on smart cities, artificial intelligence and fintech, according to Chief Executive John Lee Ka-chiu.
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The city leader also said both sides had set up the “Zhejiang-Hong Kong Cooperation Conference” mechanism, designed to better harness their strengths to seize major opportunities for high-quality development and opening up, with Lee pledging support to help the province’s enterprises expand overseas.
The partnership memorandum was signed when Lee attended the first plenary session of the Hong Kong-Zhejiang Cooperation Conference on Thursday, the third day of his visit to provincial capital Hangzhou.
Those projects covered key cooperation areas such as co-building the “Belt and Road Initiative”, trade and investment, finance, and aviation, according to Lee.
Meanwhile, the two sides also signed another four cooperation agreements and letters of intent covering technology innovation, housing, trade, and youth development.
Lee said the two local governments would eye collaboration on areas such as smart cities, artificial intelligence, fintech, biomedicine, microelectronics, new materials, and new energy.
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