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Hong Kong is still thriving and vibrant, and has yet to explore and realise enormous potential, according to Chief Executive Tung Chee Hwa. Mr Tung was speaking at the Foreign Correspondent・s Club (FCC) in Hong Kong on 16 May.
During his speech Mr Tung addressed the ：mixed bag； of assessment reports about Hong Kong recently published by a number of international rating agencies and consulting agencies. (full story)
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Hong Kong and Singapore have a role to play as partners, not competitors, as China opens to global business, said Chairman of the
Trade Development Council (TDC) Peter Woo.
In a recent address to over 500 business people in Singapore, Mr Woo spoke on the expanding and exciting role Singapore has to play in gaining business opportunities in China. He stressed the importance of regional co-operation, particularly in relation to opportunities with the Pearl River Delta (PRD), the world・s largest manufacturing basin and home to China・s wealthiest customers.
(full story)
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Hong Kong・s role as a services and logistics hub benefits from the fast growth neighbouring Guangdong Province, according to the American Chamber of Commerce (AmCham).
AmCham Chairman Jim Thompson led a 30-member delegation visit to Guangdong from May 8-10, to help Hong Kong-based executives learn more about the state of the Pearl River Delta・s economic development, especially technology-related industries.
(full story)
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A record 1.4 million tourists visited Hong Kong in April, an increase of 19 per cent over the same period last year, according to the Hong Kong Tourism Board (HKTB). The figures included more than 525,000 visitors from the Chinese mainland. The survey shows that the tourism industry is rebounding, according to HKTB executive director Clara Chong.
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The Hong Kong Monetary Authority (HKMA) has reached an agreement with Clearstream Banking Luxembourg to develop a direct link between the two debt settlement systems. This means that Asian investors can settle more than 200,000 different European debt papers in Hong Kong, strengthening Hong Kong's position as a regional financial hub.
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Hong Kong's exports grew for the second month in a row last month, suggesting the economy is recovering slowly from the global slowdown. Total exports increased 2.5 per cent year-on-year to HK$123.1 billion (US$15.7 billion).
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