HK keeps status as Hainan's biggest foreign investor

Hong Kong remains Hainan’s largest source of foreign investment, with over 700 Hong Kong companies established in the province last year and the realised direct investment from the city surpassing 15 billion yuan (around HK$16.38 billion), said Secretary for Commerce and Economic Development Algernon Yau Ying-wah.

Yau made the remarks yesterday at a Hainan government promotion and policy briefing session in Hong Kong, held ahead of the official launch of the Hainan Free Trade Port on December 18.

“Hong Kong businesses have invested widely across Hainan in sectors such as commercial real estate, healthcare, tourism, and retail. Cooperation between Hainan and Hong Kong has expanded significantly in recent years, now encompassing financial collaboration, professional qualification recognition, and youth entrepreneurship,” he said.

Meanwhile, Hainan has also been actively investing in Hong Kong, having issued offshore RMB bonds in the city for three consecutive years.

Yau emphasized that the SAR government highly values cooperation and exchanges with Hainan. The two sides have signed a series of memoranda to strengthen collaboration, supporting the development of the Hainan Free Trade Port while creating broader opportunities for Hong Kong’s professional services and capital.