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A Hong Kong-based company has planned to set up an industrial park in east China's Shandong Province to attract investment from Hong Kong, local officials said on Tuesday.

Officials with the Administrative Committee of the Jinan New and Hi-tech Development Zone said the planned industrial zone covering 66.6 ha would be set up by China Huarong International Trust and Investment Shareholding (Group) Co..

Development projects on the industrial zone would be built in stages.

The company, which is listed on the Hong Kong stock market, has a registered capital of 1.5 billion Hong Kong dollars. Its major businesses include investment in securities, management of listed companies and funds, and real estate development.

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