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Cooperation Beijing-Hong Kong is gaining momentum: the total value of these transactions reached 7,1 billion dollars
Within the framework of the 18-th economic cooperation fair between the Chinese capital and the special administrative area of Xianggang, agreements were concluded concerning the implementation of the 21 project. The total value of these transactions reached 43,8 billion yuan ($ 7,1 billion).
Simultaneously, Beijing and Hong Kong have extended the bilateral agreement on the currency swap for three years, according to the People's Bank of China and the Financial Department of the Hong Kong Special Administrative Region (Hong Kong). The amount of funds provided by the document is 400 billion yuan and 505 billion Hong Kong dollars.
The agreement on the currency swap between the internal areas of China and the Hong Kong SAR was signed in 2008 and was prolonged for the first time in 2011.