Hong Kong Chief Secretary for Administration, Donald Tsang on Monday extolled the virtues of the Pan-Pearl River Regional Development project, suggesting that the initiative will present many opportunities for Hong Kong industry and commerce.
Speaking at a symposium entitled ‘PPRD Opportunities’, Mr Tsang observed that the region represented a vitally important manufacturing base and consumer market, and will allow room for Hong Kong business to expand.
In addition to the Hong Kong and Macao Special Administrative Regions, the Pan-Pearl River Delta area takes in the Chinese states of Guangdong, Hainan, Yunnan, Guizhou, Sichuan, Huana, Jiangxi, Fujan and the Guangxi Zhuang Autonomous Region, representing a sizeable chunk of the mainland.
Whilst projects in the more under-developed regions will require large amounts of funding, Tsang noted that this will present excellent opportunities for Hong Kong’s financial services and funds sectors.
Tsang also stated that Chinese enterprises, particularly non-governmental enterprises, should exploit the initiative by opening offices in Hong Kong for trade and investment purposes, and confirmed the SAR’s commitment to push ahead with regional economic integration.
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