SINCE Hong Kong’s return to the motherland 25 years ago, mainland enterprises in the Hong Kong Special Administrative Region (HKSAR) have promoted local socio-economic development, improved people’s livelihood and made great contributions to the long-term prosperity and stability of Hong Kong under “one country, two systems.”

At present, the total number of registered mainland enterprises and subordinate entities in Hong Kong has exceeded 4,000, including veteran companies like China Merchants Group, China Resources and rising stars such as China Overseas Holdings, China Mobile HK, with businesses covering various fields such as finance, construction, communications, trade, logistics and technology.

They guarantee the supply of 90% of live pigs and cattle, 78% of drinking water, 70% of fresh livestock and poultry, 52% of wheat flour, and 42% of oil and gas to Hong Kong, with a total asset size of 14.98 trillion Hong Kong dollars (US$1.91 trillion).

By April 2022, a total of 1,370 mainland enterprises had been listed in Hong Kong, accounting for 53.3% of the total listed companies on the Hong Kong Stock Exchange and 77.7% of the total value of Hong Kong stocks.

(Xinhua)