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Guangxi signs 26 investment cooperation agreements in Hong Kong; the 10-billion-yuan “Liwen Paper” project settles in Guigang.
Release time:
2024-05-27
On May 22, the event “Joining Hands for High-Quality Development of the Greater Bay Area and Sharing Opportunities in Building a Strategic Hinterland—Guangxi-Hong Kong Journey 2024” was held at the Grand Hyatt Hong Kong. During the conference, a total of 38 agreements and projects were signed. Among them, the People’s Government of the Guangxi Zhuang Autonomous Region and the Government of the Hong Kong Special Administrative Region signed a letter of intent for comprehensive cooperation. Government departments from Guangxi and Hong Kong signed five agreements covering finance, urban development, cultural tourism, transportation, and trade, as well as 26 investment cooperation projects between Guangxi and Hong Kong, with a total contracted investment amount of 48.4 billion yuan.
▲ “Joining Hands for High-Quality Development of the Greater Bay Area and Sharing Opportunities in Building a Strategic Hinterland—2024 Guangxi-Hong Kong Tour” Event Site
On May 22, the event “Joining Hands for High-Quality Development of the Greater Bay Area and Sharing Opportunities in Building a Strategic Hinterland—Guangxi-Hong Kong Journey 2024” was held at the Grand Hyatt Hong Kong. During the conference, a total of 38 agreements and projects were signed. Among them, the People’s Government of the Guangxi Zhuang Autonomous Region and the Government of the Hong Kong Special Administrative Region signed a letter of intent for comprehensive cooperation. Government departments from Guangxi and Hong Kong signed five agreements covering finance, urban development, cultural tourism, transportation, and trade, as well as 26 investment cooperation projects between Guangxi and Hong Kong, with a total contracted investment amount of 48.4 billion yuan.
▲ Mr. Li Wenjun, Chairman of Lee & Man Paper Manufacturing Co., Ltd. (far right), signs an agreement with the People's Government of Guigang City.
Among them, Lifan Paper Co., Ltd. has signed a 10-billion-yuan investment project for the entire pulp and paper industry chain with the People's Government of Guigang City. In an interview, Mr. Li Wenjun, Chairman of Lee & Man Paper Manufacturing Co., Ltd., stated that the project will be launched as soon as possible and is expected to begin production in about two years, with a capacity of 1 million tons. “Guangxi boasts abundant forestry resources and a geographically advantageous location for connecting with ASEAN countries. Moreover, Guangxi offers an exceptionally favorable business environment, which gives us great confidence in making this investment.” Mr. Li Wenjun stated that Guangxi enjoys unique advantages in importing papermaking raw materials and exporting finished products. In particular, following the completion of the Pinglu Canal, Guigang City in Guangxi has become a key hub for connecting ASEAN’s transportation and logistics networks.
▲ Liwen Paper Office Building
Lifan Paper was established in 1994 and listed on the Main Board of the Hong Kong Stock Exchange in 2003 (stock code: 02314). The Group boasts integrated advantages across the papermaking and packaging value chain, with production capacity ranking among the world’s top in the paper industry. It is one of the largest and most powerful papermaking enterprises in the industry.
In recent years, Guigang in Guangxi has been focusing its efforts on implementing a three-year intensive campaign for industrial transformation and upgrading, guided by the “12344” working framework. The city is leveraging investment attraction to boost high-quality development. From January to April this year, Guigang signed new investment projects with a total contracted investment of 35.224 billion yuan, of which 13.407 billion yuan came from projects originating in the Greater Bay Area—accounting for 38.06% of the city’s total newly signed project investments. Currently, Guigang is making every effort to build itself into a modern manufacturing base serving the Greater Bay Area and is vigorously promoting cooperation with enterprises from the Greater Bay Area in industries such as green smart home products, high-end wood panels, textiles and apparel, and green building materials.
Source: Hong Kong Commercial Daily Online, Guangxi News Network
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