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To: ms.smartest.person who wrote (2160)2/5/2002 1:48:32 AM
From: ms.smartest.person  Read Replies (1) of 2248
 
Leung - Hong Kong still the best intl gateway for China investments
14:02 04-FEB-2002

Hong Kong financial Secretary Antony Leung said Hong Kong will continue to be the most suitable gateway for international trade, investment and communications to and from China.

Speaking at a business breakfast hosted by the Hong Kong Association of New York, Leung was quoted by a New York-based online press service as saying, "Hong Kong is the best place in the world for China to enter the world market, as well as the best place in China for the world to enter the China market."

He said China's entry into the World Trade Organisation has resulted in a greater number of companies engaging in foreign trade using Hong Kong as an intermediary, a greater role for Hong Kong banks and securities markets in raising funds for Chinese enterprises, and a potentially large scale investment in Hong Kong's services sector as China's market becomes more mature and sophisticated.

"We are determined to facilitate the flow of people, cargo, capital, information and services between Hong Kong and the mainland," Leung said.

"We are taking initiatives to expedite travel across the boundary and pushing ahead with plans to smooth the flow of talented people into Hong Kong to maintain a top quality workforce."

Leung said it is natural for Hong Kong to be "riding the wave of opportunities stemming from China's WTO membership," but this will not be done at the exclusion of its international role.

"Hong Kong had always been outward looking and had to trade with the world to survive."

ww5.e-finet.com
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