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Traditional ChineseSimplified ChineseText onlyPDA
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September 23, 2003

Investment

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HK economic fundamentals strong, resilient: CS
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Donald Tsang

Clean commitment: Chief Secretary Donald Tsang tells the US that Hong Kong is committed to upholding the rule of law, a level playing field, a clean government and the free flow of information.

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Hong Kong's economic fundamentals have remained strong and resilient, despite our tough times recently. And more business opportunities are coming.

 

Addressing San Jose's business community in the US on Monday, Chief Secretary for Administration Donald Tsang said as an international finance centre, Hong Kong's key attributes are still the rule of law, a level playing field, a clean government and the free flow of information.

 

Mr Tsang said the Government is committed to upholding all these values, which have attracted foreign investors.

 

More business opportunities on the way

Mr Tsang said: "Despite its successes, Hong Kong is not sitting on its hands. We want room to grow further, which will mean additional business opportunities for companies."

 

Hong Kong is well positioned to tap into the Mainland's vast markets.

 

"That is why we have concluded the Closer Economic Partnership Arrangement and have massive infrastructure programmes to increase our connectivity with the Pearl River Delta," he said.

 

"We have also relaxed our policy for the admission of talented and professional people from the Mainland to work in Hong Kong. That means high-technology companies will find no shortage of suitable personnel in Hong Kong."

 

Global interest in HK's business opportunities

Mr Tsang said all discussions had gone well and the audiences were especially interested in the additional business opportunities expected from CEPA.

 

"They also felt that this, coupled with the possibility that Hong Kong will be allowed to handle some renminbi transactions, will reinforce Hong Kong's position as the entry point to China."

 

Mr Tsang also updated them on Hong Kong's political and social developments.

 

Apart from meeting business groups in San Jose, the centre of Silicon Valley, Mr Tsang met San Francisco Mayor Willie Brown, and addressed the Pacific Council on International Policy.

 

Later in the day, he officiated at the West Coast launch of the HK Tourism Board's Hong Kong - Live it. Love it! campaign.


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