$1b fund to help HK enterprises

October 12, 2011

To help Hong Kong enterprises tap the Mainland market, Chief Executive Donald Tsang proposes forming a dedicated fund of $1 billion to encourage firms to move up the value chain and build brands by leveraging Hong Kong’s strengths in design.
 
Announcing the 2011-12 Policy Address today, Mr Tsang said the Government will seek to sign Supplement VIII of the Mainland & Hong Kong Closer Economic Partnership Arrangement by year's-end.
 
The Government plans to strengthen and deepen its multi-faceted co-operation with the Chengdu-Chongqing area and Fujian by setting up dedicated liaison units in Chongqing and Fujian.
 
It is also preparing for the establishment of the Hong Kong Economic, Trade & Cultural Office in Taiwan.