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July 1, 2007 is the tenth anniversary of Hongkong’s return to the motherland. Since Hangkong returns, the political, economic and cultural communication between Ningbo and Hongkong has become more and more common. Hongkong has become Ningbo’s largest foreign capital source and the fourth big trade parter, and become the window and best platform for Ningbo enterprises going to the international market. Hongkong Ningbo group people also enthusiastically donate money in education and hospital, promoting the development of Ningbo’s public weal cause in education, medical care, and so on.
Lin Hang, Hongkong citizen, comes to Ningbo for several times each month. Yesterday, the reporter saw Linhang in Zhejiang Guangbo Group.
“In 1997, Hongkong returned to the motherland. Just in that year, Zhejiang Guangbo Group set up a branch company in Hongkong, engaging me as president and general manager. So I had some very deep relations with Ningbo.” Lin Hang, as the general manager of Guangbo enterprise Asia Co.,Ltd, revealed his deep Ningbo complex. According to Lin Hang, he knew Wang Liping, president of Guangbo Group once in printing equipment purchasing activity, knowing Guangbo’s development and its plan of setting up a Hongkong branch company. Later he became the league member under the invitation of Guangbo Group.
“I decide to join in inland company, because I notice that Hongkong’s prosperity in future can’t be away from inland. Around 1997, Hongkong’s manufacturing industries only left food processing industry, jewelry industry and garment industry (Due to quota, Hongkong’s garment manufacturing industry still had competitiveness at that time). Other manufacturing industries have invested in inland. While industries that service to manufacturing industry like Hongkong’s trade industry, financial industry, securities, accounting legal service, convention and exhibition industry begin to develop. Situation at that time shows that joining inland excellent enterprise can’t be wrong.” Lin Hang seems very confident.
Lin Hang has worked in Guangbo for ten years. During these ten years, Lin Hang has experienced various tests like Southeast Asia’s financial crisis, SARS, avian influenza and so on. Although tests ring upon ring, Lin Hong became more and more confidence. “At the beginning although many clients wasn’t familiar with Guangbo, through communication and negotiation, clients gradually accept Guangbo and its products and become its long-term cooperative strategic partner. Now I have six strategic partners in my hand, with over 20 billion dollars planning purchase quantity.” Lin Hang is very satisfied with the development of his cause.
After Hongkong’s return, more and more Hongkong people work in Chinese-funded mechanism including Ningbo enterprises. Over hundred Ningbo excellent enterprises set up branch companies in Hongkong successively and engage local Hongkong people to manage. “I’m a typical Hongkong man, work in inland enterprise’s Hongkong branch company, and receive the salary from inland company. Enterprise let me obtain very good development and exercise. Now many Hongkong people’s development can’t be away with inland”, said by Lin hang.
“Not only Hongkong people work in Chinese-funded companies including Ningbo, but the business of many Hongkong enterprises’ come from inland. Many enterprises come to invest in Ningbo, Yangtse Delta and Pearl River Delta, expanding developing space, which insert new motivation in Hongkong’s development.” Reviewing the ten-year change of Hongkong, Lin Hang feels that Hongkong’s development has a closer relationship with inland.
Just as Lin Hang said, more and more Hongkong businessmen are starting industry transfer and mainly invest in Yangtse Delta area including Ningbo. Hongkong’s modern service industry is now grasping the opportunity of Ningbo’s fast development, sharing the achievements of Ningbo development. With the holding of 1999 Zhejiang trade and investment symposium and 2002 Ningbo and Hongkong cooperative forum, Hongkong investment businessmen come to Ningbo become increasingly frequent.
Ningbo foreign businessmen investment report released by foreign trade of Ningbo shows that since Hongkong’s return in 1997, Hongkong businessmen speed up their investment in Ningbo. At present, projects invested by Hongkong businessmen in Ningbo has reached over 4000, about accounting for 37% of foreign enterprises in the whole city. The gross investment is over 11.7 billion dollars, with the solid foreign investment of 4 billion dollars. The percentage of the two data is over 40%, becoming our city’s largest foreign investment source.
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