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| HK calling: Financial Secretary John Tsang (right) meets Austrian Vice-Chancellor & Minister of Finance Wilhelm Molterer in Vienna. |
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About 4,000 foreign-owned and Mainland companies have set up their regional headquarters or office in Hong Kong, up more than 50% in the past decade, making the city the most popular in Asia for foreign companies, Financial Secretary John Tsang says.
Speaking at a business lunch in Vienna today, Mr Tsang said some companies regarded Hong Kong as a low-risk starting point for doing business in China.
He noted Hong Kong was an ideal location for Austrian companies to join international firms in developing their business.
Mr Tsang said small companies with little appetite or budget for risk could feel secure in Hong Kong's familiar and transparent business environment, and develop their contacts and know-how for success in China.
During his stay in Vienna, Mr Tsang met Vice-Chancellor & Minister of Finance Wilhelm Molterer, addressed a business lunch and called on the Minister of Economics & Labour Dr Martin Bratentsein. He will visit the Czech Republic on May 28.
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