Hong Kong, Zhejiang province sign deal covering smart cities, AI and fintech
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 (AI) and fintech, according to Chief Executive
John Lee Ka-chiu
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The city leader also said on Thursday that 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 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, Lee said. The belt and road strategy is China's plan to grow global trade.
Meanwhile, the two sides also signed another four cooperation agreements and letters of intent covering technology innovation, housing, trade and youth development.
Hong Kong and Zhejiang officials in Hangzhou. Both sides have signed a deal covering 13 areas and 51 projects. Photo: Handout
Lee said the two local governments would focus on collaborating in areas such as smart cities, AI, fintech, biomedicine, microelectronics, new materials and new energy.
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