Home>>Business
Last updated at: (Beijing Time) Tuesday, November 26, 2002

Official: Hong Kong, Business Hub for Pearl River Delta

A major Hong Kong official Tuesday urged Japanese companies to use Hong Kong as their strategic business partner to service the burgeoning manufacturing might of Chinese mainland's Pearl River Delta (PRD), a government press release said Tuesday.


PRINT DISCUSSION CHINESE SEND TO FRIEND


A major Hong Kong official Tuesday urged Japanese companies to use Hong Kong as their strategic business partner to service the burgeoning manufacturing might of Chinese mainland's Pearl River Delta (PRD), a government press release said Tuesday.

Speaking at the Hong Kong - Japan Partnership 2002 lunch in Tokyo, Chief Secretary for Administration Donald Tsang said Hong Kong had long played a role as an international financial center for Asia but was now working hard to capitalize on significant, new opportunities emerging in the PRD.

He encouraged more Japanese companies, particularly small and medium enterprises, to integrate Hong Kong's international business and financial know-how with manufacturing or sourcing operations in the mainland.

"This is the business model I bring to you today," Tsang held.

Tsang also pointed out that many Fortune 500 companies had already taken advantage of the PRD's ample land and resources while maintaining their front office functions in Hong Kong.

"But the more exciting developments will come in what I like tocall the 'Fortune 5,000' companies - or perhaps one day, even the 'Fortune 50,000'," he concluded.

According to the chief secretary for administration, there are an estimated 2,000 Japanese companies in Hong Kong, and another 2,000 in the Pearl River Delta.

"Indeed, in the past three years some 40 percent more Japanese companies have come to Hong Kong to establish regional operations," he added.


Questions?Comments? Click here
    Advanced






HK Plays Role of Dynamo in Pearl River Delta: Official



 


Cabbage Tells Changes of Beijingers' Life ( 12 Messages)

A 'Xiaokang' Society Means Not Merely Money ( 5 Messages)

China Starts Working out Law on Citizen ID Card ( 33 Messages)

Differences between US and NATO Widen: Opinion ( 2 Messages)

Sino-US Relations Improve Despite Neo-realism ( 27 Messages)



Copyright by People's Daily Online, all rights reserved