Hong Kong Firm Seeks Collaboration with State-Owned Enterprises with Chongqing as Key Hub

Chongqing - "We are looking forward to collaborating between Hong Kong Special Administrative Region and state-owned enterprises, with Chongqing as a key hub," said Sam Chan, Managing Director of 2 Plus 3 (HK) Industrial Company Limited, during an event held in Wanzhou District, Chongqing.

The event marked the third round of project releases and focused on the joint development of state-owned, private, and foreign enterprises.

Chan highlighted Chongqing's role as a traditional industrial city with a solid industrial base, contrasting it with Hong Kong, where affordable land and labor are scarce. He expressed a strong interest in visiting Chongqing to learn more about its industrial development, particularly in the electronics and food production sectors.

Founded in 2010, 2 Plus 3 (HK) Industrial Company Limited specializes in fresh juice production in Hong Kong. "As we are involved in the food industry, we are planning a pre-made food project in Yongchuan District," Chan told reporters.

When asked why Chongqing was chosen as the investment destination, Chan explained that it aligns with China's Western Development Strategy. "Chongqing demonstrates significant industrial growth and abundant resources in both industry and food production," he said. "We are keen to facilitate the flow of resources between Hong Kong and Chongqing."

The event focused on the joint development of state-owned, private, and foreign enterprises and was held in Wangzhou District, Chongqing, on December 11. (Photo/Wanzhou District)

Chan believes that the event he attended serves as a valuable platform for fostering cooperation among companies and creating a favorable business environment.

During the event, 700 third-round cooperation projects for 2024 were unveiled. These projects involve the collaborative development of state-owned and private enterprises, with a total investment exceeding 271 billion yuan (about 37.05 billion USD).

According to an official with the Chongqing State-owned Assets Supervision and Administration Commission, the projects include 113 equity cooperation initiatives spanning modern information technology, real estate development, agricultural product processing, warehousing, logistics, and more.

Additionally, 96 industrial chain cooperation projects were also announced. These projects are expected to promote the integration of different sectors and foster long-term growth in manufacturing, technology, and supply chain management.