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Combined business revenue from contracted projects overseas increased 3.5 percent year on year to 9.4 billion in 2016, the China International Contractors Association said Monday in a report.

Companies are concerned about Hong Kong's current situation because there has been a downturn in tourism and retail sectors. But they were also looking at a broader portfolio and Hong Kong's advantageous position as part of their global strategy, he explained.

Communication was placed on hold last year because the island's new leader, Tsai Ing-wen, failed to acknowledge the 1992 Consensus, which embodies the one-China principle.

Commercial and residential demand takes a hit

Companies running the projects will be encouraged to prioritize their financing status by issuing securitized products, the notice said. The document said companies can issue securitized products in the operating stage, based on usufruct rights or contract creditor's rights.