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Meeting with Hong Kong delegation

Cooperation between Leningrad region and China continues

A meeting of the representatives of Leningrad region with the delegation of The Better Hong Kong Foundation took place in Saint Petersburg. Work of the Foundation is aimed at strengthening and development of international economic cooperation between the countries of the East and the West. The visit of the business delegation to Russia was organized by Roscongress Foundation.

Deputy Chairman of the Government of Leningrad Region – Chairman of the Committee for Economic Development and Investment Activity Dmitry Yalov and Deputy Director of Economic Development Agency of Leningrad Region Anastasia Mikhalskaya participated in the event.

The delegation consisted of businessmen and investors from Hong Kong who are interested in implementation of business projects with Russia, but do not have such experience yet. The delegation was headed by Ronnie Chan – Chairman of the Executive Committee of the Foundation and Chairman of Hang Lung Properties Ltd. – the largest developer in Hong Kong.

Dmitry Yalov told the representatives of the delegation about social and economic development, advantages of Leningrad region and priority development directions of the region, such as oil, gas and chemical industry, agro-industrial complex, production of consumer goods.

Besides, Dmitry Yalov told about the system of investment projects support on “one-stop-shop” principle successfully operating in the region due to the Front Office for Investor Relations of the Administration of Leningrad Region. The members of Chinese delegation were interested in this information and they found out that employees of the Front Office provide support to projects “in manual mode” at all stages of their implementation – from a business idea to commissioning.

The members of the delegation asked many questions about commercial seaport of Ust-Luga which is the largest in the Baltic Sea and the second largest in Russia. In 2017 cargo turnover of the port came to 103.3 million tonnes of cargo, having increased by 17.5% over three years.

Talking about the sphere of production of consumer goods, Dmitry Yalov noted such world famous companies operating in the region as Ariston (production of water heating and heating equipment), Nokian Tyres (production of car tyres), JACOBS DOUWE EGBERTS RUS and Orimi Trade (production of coffee and tea).

By the end of the meeting the parties agreed upon further development of partnership relations and more detailed development of the most interesting spheres for both parties.

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