Hong Kong looks to do more business with PPRD

Hong Kong to seek more access to the Pan-Pearl River Delta region.

In his recent policy address, Chief Executive Leung Chun-ying said he wants to develop closer ties for the city's services industries. He said Hong Kong has proposed to China’s central government that the early and pilot implementation policy be extended from Guangdong to other provinces and municipalities in the PPRD region.

This policy has successfully assisted Hong Kong in better capitalizing on its advantages as a platform to provide funds, talents and technology to the mainland.

"The PPRD region represents a vast economic hinterland for Hong Kong that the city can leverage on," Leung said. "We will endeavor to seek for more business opportunities for local corporations."

The PPRD region includes the provinces of Sichuan, Yunnan, Guizhou, Guangxi, Guangdong, Hainan, Fujian, Hunan, Jiangxi and the cities of Hong Kong and Macau. This so-called “9+2” region accounts for one-third of China’s population and gross domestic product.

Leung explained that the central government's adoption of the "early and pilot implementation" policy to the PPRD region had proved to be successful in helping Hong Kong in better capitalizing on its advantages as a platform to provide funds, talents and technology to the mainland.

Analysts said the closer ties with the PPRD region can further deepen economic integration with Hong Kong, as local corporations can achieve more cost savings and more market access to other mainland provinces through the extension measure.