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HK, Macao sure to bring high-profile guests to CIFIT

     chinadaily     2019-7-1 7:50:00    

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The 2019 China International Fair for Investment and Trade (CIFIT) & Belt and Road Investment Congress (BRIC) connected face-to-face with business communities at a promotional event held in Hong Kong and Macao special administrative regions on June 27.


Participants including foreign consulates, domestic and foreign merchant associations, multinational corporations, and investment promotion agencies were invited to attend the key international investment and business matchmaking event set to open in September in Xiamen, Fujian province. They were promised with immeasurable business opportunities and valuable project resources.


Hong Kong is an international financial, shipping and trade center, serving as an important bridge between China and the countries along the Belt and Road route. It has become a window for international capital to enter China and provides diversified channels for domestic enterprises to “go global”.


Macao is located on the west side of the Pearl River estuary opposite Hong Kong. The former Portuguese colony is a unique link between China and the Portuguese-speaking countries and the rest of the world. It provides an easier way for China to attract Portuguese-speaking countries to join in the construction of the Belt & Road Initiative (BRI).


Hong Kong and Macao have proven themselves capable of sending many high-end guests to the CIFIT and therefore was chosen as the site for such promotions by the organizing committee for many years.


The promotional event in Hong Kong was sponsored by the Liaison Office of the Central People's Government in the Hong Kong Special Administrative Region and the Organizing Committee of the 2019 CIFIT • BRIC. The Invest Hong Kong of the Government of Hong Kong SAR, the Hong Kong Trade Development Council, the Chinese Manufacturers' Association of Hong Kong, the Chinese General Chamber of Commerce, the Hong Kong General Chamber of Commerce, the Federation of Hong Kong Industries, the Hong Kong Chinese Importers' & Exporters' Association, the Hong Kong Chinese Enterprises Association, Hua Min Tourism Reservation Co, and the Hong Kong-Fujian Association Union cooperated in organization.


The promotional meeting in Macao was co-sponsored by the Macao-Xiamen Association Union and the organizing committee.


Liu Yajun, deputy head of the Economic Department and head of the Trade Department of the Liaison Office of the Central People's Government in the Hong Kong SAR, said in his speech that "I believe that Hong Kong will be able to give full play to the unique advantages of 'one country, two systems' and explore new paths, find new impetus, and open up new space in integrating into the overall national development." Hong Kong is expected to inject fresh energy into its economic and trade cooperation and exchange with the Chinese mainland, Liu added.



Tang Chi Leung, associate director-general of Investment Promotion of Invest Hong Kong expressed support for Hong Kong's full participation and assistance in constructing the BRI. It has not only consolidated and enhanced Hong Kong's position as an international financial, shipping and trading center, but also laid the foundation for Hong Kong's important role in promoting international and local cooperation. 



Han Jingyi, vice mayor of Xiamen and head of the Conference Affair Department of CIFIT Organizing Committee attended the two promotional events and delivered speeches.


Shanxi which will be the guest province of honor at the CIFIT sent a representative to share activities it has planned, so did Serbia, the guest country of honor. Jagoda Lazarevic, special adviser to the deputy prime minister of Serbia revealed the activities to be held.


The promotion meetings were hosted by Wang Qiongwen, deputy head of the Conference Affair Department of CIFIT Organizing Committee and director of the Xiamen Convention and Exhibition Bureau.


The CIFIT is the only international investment promotion activity in China that aims at promoting bilateral investment and integration of international capital and projects. It is also the world's largest investment exhibition certified by the International Exhibition Industry Association (UFI). It is held annually in Xiamen, Fujian province from Sept 8 to 11.


Data shows that previous editions have attracted over 15,000 overseas merchants from 120 countries and regions and more than 40,000 domestic guests. It has been built into a high-end platform for bilateral and multilateral exchanges and cooperation in the field of investment promotion.


The expected highlights of this year's CIFIT:



Display international quality resources, create and share opportunities for global investment cooperation


The 2019 CIFIT will contain pavilions featuring investment, industrial investment promotion, and trade between countries along the Silk Road route and will have a total of 6,000 booths to be spread across 130,000 square meters.


The Industrial Internet and Green Innovative Technology & Products exhibitions and Silk Road Trade Pavilion are the new additions to the event.



The China International Industrial Internet Innovation and Development Conference 2019 will utilize the Digital Silk Road Pavilion to showcase the technology breakthrough and cooperation achievements of countries along the Silk Road in 5G equipment, communication network equipment, and information security. 




In the meantime, the China International Green Innovative Technology & Products Exhibition will set up the Green Silk Road Pavilion with the focus on displaying the latest green technologies representing achievements of cooperation between China and other countries along the Silk Road. 



The Silk Road Trade Pavilion will be in place to promote featured commodities of countries along the Silk Road through e-commerce so as to serve the construction of the "Ecological Marine Silk Road" and encouraging trade-driven investment. Related government investment attraction agencies and other investment promotion organizations will participate.



The organizing committee has set side 2,000 squares meters for exhibition of the world's leading ports, shipping, logistics companies and institutions. Their rich project and environmental resources as well as the superior policies will be highlighted. 



Serbia as the guest country of honor will take full advantage of the 800-square-meter exhibition area inclusive for it and showcase its local culture and advantageous investment resources through a series of activities.


Russia will have an exhibition of 300 square meters and Indonesia with 126 square meters. Government agencies and enterprises from nearly 60 countries and regions are expected to be in attendance. They will be joined by more than 60,000 investors from more than 110 countries and regions.



Create an authoritative dialogue platform, explore new paths for international investment cooperation


During the fair, international organizations including the United Nations Conference on Trade and Development (UNCTAD) will release the latest investment or trade reports such as the World Investment Report. Other investment institutions will announce related policy trend and hotspot information themed on "bringing in" and "going out".


The agenda also includes the International Investment Forum 2019 which will discuss a range of issues about Belt and Road Initiative and provide a platform for investment dialogue and consultation for countries along the Silk Road, display of Silk Road cooperation results, and policy communication.


Also slated are a series of activities themed on “negotiating on port and shipping cooperation, building Silk Road channels, and sharing economic and trade prosperity” as a part of the Silk Road Shipping Summit Forum. It is aimed to boost the construction of Silk Road and high-quality development.


The 2019 CIFIT will also include the Release Conference & Roundtable Meeting for Report on Development Outlook of Multinational Companies in China, World Business Leaders Roundtable Meeting, Cross-Strait Economic and Trade Cooperation & Development Forum, Global E-Commerce Conference, Seminar on High-quality Growth of Development Zones in New Era, High-quality development seminars, We-Media Investment and Financing Summit Forum, China International Design Forum, Human Capital Forum, Asian Investment Fund Summit, and Science and Technology Finance Forum.



The topics will concentrate on current international situation, industry hotspots, and development trajectory.  




Promote Silk Road economy, exploit new space for international investment cooperation


The 2019 CIFIT will continue to provide high-end matchmaking service to investors and enterprises, using intelligent means to improve the management of customer relationship. Big data technology is utilized to analyze business data and find suitable projects for merchants.


There is also an online portal for the fair and investment tours are held as part of the event to create more exchanges and cooperation opportunities.



Major efforts will be made to help forge partnerships in key areas, key industries, and key projects with particular attention given to listed companies, investment funds, Taiwan-funded enterprises, big health, Fujian merchants, and projects led by returned overseas students. 



On the activity list are investment matchmaking meetings for countries and regions along the Silk Road and the BRI matchmaking event for projects with overseas Chinese capital. Alongside will be BRI project matchmaking and high-end business communication activities.


At present, China continues to promote reform and opening up, as a result of which its economic strength has grown remarkably and with substantial increase in international competitiveness, influence, and attractiveness.


The Foreign Investment Law of the People's Republic of China was adopted on March 15 and set to come into force on Jan 1, 2020. It is expected to boost investor confidence and enhance the attractiveness of the Chinese market to foreign investment. It will also create a fair legal and vibrant business environment for the organization of the CIFIT, and bring the potential to generate more and better opportunities for international exchange and cooperation.



Xiamen, Fujian province, where the 2019 CIFIT • BRIC is held, is strengthening innovation and enhancing its vitality through the construction and improvement of an interconnected transportation hub, an economic and trade cooperation hub, a marine cooperation hub, a humanities exchange and cooperation hub, and other important platforms. Its goal is to create a first-class business environment, inject energy into the high-quality development of BRI, and add new vitality to international capital financing.

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