A landmark agreement between Hong Kong and Zhejiang Province ushers in a new era of cooperation. This strategic partnership encompasses 13 key areas, with special emphasis on four agreements aimed at fostering innovation and technology (I&T), housing solutions, economic trade collaboration, and youth empowerment. The signing ceremony was attended by high-level officials from both regions, underscoring the importance of this initiative.

Chief Executive John Lee emphasized the significance of this mechanism in enhancing comprehensive exchanges between Hong Kong and Zhejiang. He expressed appreciation for Zhejiang's unwavering support and highlighted the potential for mutual benefits through deeper engagement across various sectors. According to Lee, the two regions will capitalize on their unique strengths to contribute to national development goals, including furthering reform and opening up, as well as promoting the rejuvenation of the Chinese nation. Additionally, Hong Kong aims to serve as a pivotal connector and value enhancer in helping Zhejiang expand its global market presence.

Inspired by Hangzhou's rapid advancements in digital economy and artificial intelligence (AI), Chief Executive Lee reaffirmed Hong Kong's commitment to nurturing its own AI industry. He outlined ongoing measures to stimulate growth in this sector, confident that the newly established cooperation framework will bolster ties between Hong Kong and cities like Hangzhou, particularly in I&T domains. This partnership exemplifies how regional collaboration can drive innovation and prosperity, setting a positive example for future inter-regional alliances. Through shared efforts, Hong Kong and Zhejiang are poised to create lasting impacts on both local and national scales.