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 From Hong Kong's Information Services Department
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July 11, 2006
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Investment

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HK still attractive to investors: CE
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Donald Tsang
Warm welcome: Chief Executive Donald Tsang chats with investors who have recently established a business presence or expanded their operations in Hong Kong.

Chief Executive Donald Tsang says despite the challenges the community faces, Hong Kong remains an attractive global business centre.

 

Welcoming new investors at a reception today, Mr Tsang said that one of the challenges is air pollution and the Government is taking active steps to deal with it. He appealed to the business sector to do its part by ensuring manufacturing operations in the Pearl River Delta are as environmentally friendly as possible.

 

Noting the second challenge is the danger of "marginalisation", Mr Tsang said Hong Kong people and the Government will remain alert both to dangers and opportunities.

 

On the rise 

Director-General of Investment Promotion Mike Rowse said inward investment continues to come to Hong Kong. As at the end of June, Invest Hong Kong had helped 156 companies invest or expand in the city, achieving more than half its annual target of 240 and representing an 8.3% rise on the same period last year.

 

These projects will create more than 4,285 jobs for Hong Kong. The involved investments will lead to the immediate creation of more than 1,699 jobs, and create at least 2,586 additional places in the next two years. Initial investment by these companies topped $6.82 billion.

 

The flow of Mainland investment in Hong Kong remains strong, Mr Rowse added. Mainland companies made up 13.5% of the department's completed projects in the first six months, and now constitute 20% of the current live caseload.