HK joined hands with Guangdong cities for trade development IBUonline is a B2B foreign trade platform which has

helped many China suppliers and international buyers to complete foreign trade. IBU also found that that HK and mainland cities especially in Guangdong province will have more chance to cooperate for trade development. According to the statistics of the Hong Kong Trade Development Council, trade between the two cities totaled $4.4 billion in 2011, including an export value $2.1 billion and import value of $2.3 billion. Major exports include fish products, mechanical and electronic products, and furniture. The Zhanjiang Economic and Technological Development Zone, located in Zhanjiang on the eastern coast of Leizhou Peninsula with an area of 19.2 square kilometers, was approved as a State-level development zone in 1984. According to the statistics of the Hong Kong trade council, the industrial added value from heavy industries rose 11.9 percent year-on-year to 40.12 billion Yuan in 2011, comprising more than two thirds of the total industrial added value in Zhanjiang. It is well known that Hong Kongs economy is high ly export orientated and the city is utilizing its strength in capital market and financial services provision to serve the mainland enterprises. According to the Hong Kong trade council data, Zhanjiang attracted 25 foreign-invested projects in 2011. The utilized foreign direct investment in Zhanjiang skyrocketed to $53 million, up 44.9 percent from the previous year. Guangdong province, home to Zhanjiang, is the largest destination for Hong Kong investments on the mainland. According to figures from the Hong Kong government, Hong Kongs cumulative realized direct investment value in Guangdong at the end of 2012 was estimated at $184.7 billion, accounting for 61.8 percent of the total realized direct investment value registered in the province. Despite its advantageous geographic location, the city also faces competition from other development zones in Guangdong and is occasionally hit by typhoons. IBU firmly believed that both sides can get win-win result on trade since they can both benefit from each other.