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Hong Kong Is The Gateway To Global Markets, Chinese Business Told

by Mary Swire, Tax-News.com, Hong Kong

13 September 2004

Chinese businesses heard how Hong Kong is the ideal gateway for mainland firms wishing to gain access to the global market place during a presentation by the Hong Kong government’s investment promotion body.

Speaking at the 8th China International Fair for Investment and Trade (CIFIT) in the Chinese province of Fujian, Mike Rowse, Director General of Investment Promotion at Invest Hong Kong told more than 120 executives of Chinese enterprises:

"We are committed to ensuring that Hong Kong enhances its attractiveness to Mainland investors, particularly as the leading financing centre in the region. Our regulatory framework for financial markets meets or exceeds international standards in providing a fair, transparent and efficient market place for financial transactions."

He added: "The implementation of the Mainland and Hong Kong Closer Economic Partnership Arrangement (CEPA) and the recently announced CEPA II further reinforce our position as the bridge between the Mainland and the international market. CEPA will facilitate additional business flows between Hong Kong and the Mainland, especially in services and high value-added manufacturing sectors, as well as accelerating the integration of both economies."

Mr Rowse also took the opportunity to introduce the range of free and tailored services offered by Invest Hong Kong to Mainland investors.

"Invest Hong Kong is the Government's one-stop shop offering solution-oriented investment promotion, facilitation, and aftercare services to ensure that investors have all the support required to establish or expand operations in the dynamic Hong Kong economy,” he explained.

Other speakers at the conference included representatives from Hong Kong Exchanges and Clearing Limited, a bank and a financial organisation in Hong Kong who discussed the policies and procedures for listing and financing in Hong Kong.

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