Hong Kong can act as a strategic platform for companies wishing to invest in south China’s Guangdong Province, said Trade Development Council (TDC) chairman Peter Woo. He was speaking at a lunch meeting in Guangzhou as part of a high-level business delegation on a five-day visit to the Pearl River Delta (PRD), aimed at further enhancing business-to-business cooperation. (full story)

Dutch electronics giant Philips is placing its Asia-Pacific regional headquarters in Hong Kong to cut costs and move closer to the Chinese mainland.

Chief executive of Philips Electronics China Group Rob Westerhof said Hong Kong is an excellent place for an Asia-Pacific headquarters because the emphasis of the hi-tech electronics industry is concentrated more and more in northeast Asia, of which the mainland is increasingly becoming a larger part. (full story)

There are enormous opportunities for cooperation between Hong Kong and the neighbouring Pearl River Delta in southern China’s Guangdong Province, according to Chief Secretary for Administration Donald Tsang.

Concluding a four-day visit to Guangdong, Mr Tsang said the delta was full of opportunities for economic development. While it was one of the largest manufacturing centres in the world, Hong Kong was an international centre for finance, commerce and service. (full story)

Hong Kong will be the host city for the 2002 Forbes Global CEO Conference (September 24 - 26), with more than 300 regional and global chief executive officers and senior executives from the US, Europe and Asia expected to attend. (full story)

The Chief Executive of the Hong Kong Special Administrative Region (HKSAR) Tung Chee Hwa was recently re-elected for a second five-year term, which begins on July 1.

Mr Tung has pledged to strengthen the SAR’s competitive advantages, provide an even better business-friendly environment, attract more investment and continue the successful implementation of “one country, two systems.” (full story)