GUANGZHOU: Hong Kong investors in firms based in Guangdong will benefit from a 1 billion yuan ($145 million) fund, Vice-Governor Wan Qingliang said yesterday.

The province will also cut administration and social insurance charges to help businesses during the financial crisis, he said.

The announcement followed the 12th meeting of the Hong Kong-Guangdong Cooperation Joint Conference to discuss the government-approved blueprint for the Pearl River Delta.