On the 30th, a reporter of Sinochem New Network News learned from the Nantong Municipal Government of Jiangsu Province that Hong Kong Mando Group has signed a cooperation agreement with the city and plans to invest 2.6 billion US dollars to build a large-scale petrochemical project.
As a key planning project for Nantong's layout of the coastal port industry, this coastal petrochemical project will be located in Rudong County, Nantong City, and it plans to build condensate oil-based aromatic hydrocarbons and polypropylene large-scale chemicals; the planned investment will reach US$2.6 billion, equivalent to RMB 16.76 billion yuan.
By the end of last year, Hong Kong had invested in 3,063 companies in Nantong with contracted foreign investment of 19.97 billion U.S. dollars and utilized foreign investment of 9.09 billion U.S. dollars.
Last year, the import and export volume of Nantong and Hong Kong reached 700 million U.S. dollars. In addition, 25 companies in Nantong have invested in setting up companies in Hong Kong.
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