On July 20, 2016, in Wuhan, YRIC Executive President Mr. Liu Meng met with the director of Hong Kong Special Administrative Region Investment Promotion Agency Ms. Zhang Haimei and the delegation. Both sides had a communication about supporting YRIC member enterprises to "go out" and strengthen cooperation in opening and developing business in Hong Kong, especially setting up YRIC in Hong Kong.

YRIC Executive President Mr. Liu Meng and Director of the HK SAR Investment Promotion Agency Ms. Zhang Haimei

In the communication, the director Ms. Zhang Haimei introduced setting, function and service of the HK SAR Government Investment Promotion Agency which would be willing to assist in YRIC and its member enterprises through Hong Kong platform to expand international business, and Ms. Zhang Haimei especially introduced the recent policy and information about the enterprise financial center and HK SAR government funded program to support science and technology innovation. Then Ms. Zhang Haimei also introduced   setting up YRIC in Hong Kong required company registration, business registration and work visa and other related matters, and invited Mr. Liu Meng to meet with the HK SAR Government Invest HK team during the investigation in Hong Kong and to further discuss  setting up YRIC in Hong Kong.

YRIC Executive President Mr. Liu Meng introduced YRIC to Director of the HK Government Invest HK Agency Ms. Zhang Haimeiand and the delegation

YRIC Executive President Mr. Liu Meng said that YRIC and Hong Kong have a very deep origin that YRIC Founding Honorary President Mr. Li Ka Shing and Executive President Mr. Qiu Dachang are rooted in Hong Kong. As a global financial center, Hong Kong is also the bridgehead of China's capital globalization. YRIC is willing to further implement the establishment of YRIC in Hong Kong as soon as possible under the assistance of the HK Investment Promotion Agency.

The meeting

HK SAR Government Investment Promotion Agency established in July 2000 is the HK SAR Government subordinate department, dedicated for the promotion of foreign direct investment in Hong Kong and committed to helping overseas and mainland companies open or expand business in Hong Kong , providing free practical information and technical support for individual industries and enterprises to help nonlocal enterprises make full use of the HK business advantages to develop business in Hong Kong. In addition to the head office in Hong Kong, the Investment Promotion Agency dispatches personnel stationed in the world’s 29 important commercial cities to serve businessmen and enterprises in the Asia Pacific region, Europe, the Middle East, and North and South America and has offices in Beijing, Shanghai, Guangzhou, Chengdu and Wuhan. By 2015, the Investment Promotion Agency has helped more than 3820 companies, with an increase of over 41200 new jobs for local economy and a total investment of more than HK $101 billion in the first year of some related enterprises’ operation or expansion. If more information is needed, you can visit the HK SAR Government Investment Promotion Agency website www.investhk.gov.hk.

To respond to China "go out" policy, attract and help more mainland enterprises to invest in Hong Kong, the Investment Promotion Agency launched a series of services for mainland enterprises, called " one stop for investment in Hong Kong".