The group of 24 delegates from Guiyang, the capital of Guizhou Province in China’s south west, will include the city’s deputy mayor, Wang Yuxiang. They will tour Liverpool’s booming creative and tech clusters seeking opportunities in big data, crowdfunding and tourism.
They will also meet a number of local companies looking for international investment during their visit, organised by Invest Liverpool.
The visit comes on the back of a recent trip to Guiyang by Liverpool vice mayor Gary Millar, and head of Invest Liverpool Ellen Cutler earlier this year.
Gary Millar and Wang Yuxiang will sign a friendship agreement during the visit which will strengthen relations between the two cities, as they look to develop mutually beneficial projects.
Ellen Cutler, director of Invest Liverpool, said: “We’re excited to welcome this delegation from one of the world’s crowdfunding hotspots to Liverpool and to be furthering the city’s already strong relationship with China.
“The strength of Guiyang’s crowdfunding sector, coupled with Liverpool’s deep-seated entrepreneurial spirit, is a combination that has real potential, both for investors and for the innovative businesses that abound in the Liverpool City Region.”
During the visit, the delegation will also enjoy presentations from Liverpool City Region businesses that operate in the biomedical sector and are looking to connect with the Chinese market.
Dr Karl Bamford, CEO of Vodus which specialises in the creation of polymer materials for use in the biomedical sector, is one of the companies set to pitch to investors during the visit.
He said: “China is a key target market for us, but there are always challenges inherent in tapping into and connecting with international markets – particularly if you’re a small business, so it’s great to have this selection of investors right on our doorstep, showing such keen interest in Liverpool and what we have to offer.”
The planned visit from Guiyang will be the latest in a number of visits from Chinese delegations to the city in recent months. Senior figures in the Chinese finance and banking sector visited in March to meet with businesses seeking potential investment.
Liverpool also signed a new friendship agreement with the city of Kunming this year and has been twinned with Shanghai for a number of years.