In 2020, Fujian added 617 Hong Kong-invested enterprises, involving RMB 50.21 billion in contractual Hong Kong investments. The actual value of utilized Hong Kong investments amounted to RMB 24.64 billion, posting a 20.4% increase year-on-year, with the growth rate exceeding the provincial average by 10.1 percentage points. The value made up 70.8% of the provincial total, up 5.9 percentage points year-on-year, consolidating Hong Kong’s status as Fujian’s largest source of foreign investments. 

I. HK Investments in the Service Sector Soared

Utilized Hong Kong investments in the service sector maintained a strong growth momentum, leaping by 41.4% year-on-year and accounting for 75.1% of the provincial total in the service sector. Specifically, the growth soared by 151.4%, 150.5% and 144.5% in the hotel and restaurant industry, the retail and wholesale industry and the leasing and business service industry, respectively. 

II. High-Tech Manufacturing Industry Became a New Bright Spot in the Utilization of HK Investments 

In the high-tech manufacturing sector, utilized Hong Kong investments grew by 9% year-on-year. The growth surged by 45.1%, 29.1% and 14.8% in the optoelectronic device manufacturing industry, the electronic device manufacturing industry and the communications equipment manufacturing industry, respectively. 

III. Large-scale HK Investment Projects Proved to Be Drivers of Growth 

There were 79 large-scale projects each involving a utilized Hong Kong investment in excess of RMB 100 million, jumping by 33.9%. These projects involved a combined total of RMB 16.96 billion in utilized Hong Kong investments, increasing by 28.2% and accounting for 68.8% of the provincial total. 

Fujian’s sustained success in drawing Hong Kong investments can be attributed to its solid hard work. In 2020, leveraging its “9+1+40”（refer in particular to 9 municipal cities, Pingtan Comprehensive Experimental Area and 40 key counties and development zones in Fujian） Investment Promotion Platform, Fujian carried out diverse activities to promote mega projects for investment and attract large investors. The province rolled out a series of policies and measures, optimized investment promotion services, strengthened point-to-point precise assistance for enterprises, and carried out online and offline combined investment promotion campaigns. These efforts enabled the province to achieve solid results in attracting Hong Kong investments.