HK govt appoints Greater Pearl River Delta Business Council chairman

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Last updated at: (Beijing Time) Thursday, February 26, 2004

HK govt appoints Greater Pearl River Delta Business Council chairman

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The chief executive of the Hong Kong Special Administrative Region has appointed Victor Fung as the chairman of the new Greater Pearl River Delta Business Council and named another 31 people as council members.

"We believe this private sector-led business council will complement the government-to-government framework of the Hong Kong/Guangdong Co-operation Joint Conference," said a government spokesman on Thursday.

The council's main mission is to come up with new business ideas on how to facilitate value-added operations and sustainable development across the boundary, thus promoting bilateral trade and investment, according to the spokesman.

The business council aims to foster closer economic co-operation within the Greater Pearl River Delta Region. Its membership profile cuts across many sectors - including chambers of commerce, banking, shipping and textile industries, accounting,legal, logistics, technology, real estate, construction, environmental and education communities. There are also representatives from small and medium-sized enterprises and think-tanks.

The appointments are for two years commencing on March 1, 2004.

"Win-win is the principle governing Hong Kong/Guangdong co-operation," said the spokesman, adding that "with the wealth of expertise and experience of its members, the council will provide a forum for vigorous exchange of information and ideas with its Guangdong counterpart on how to broaden the scope of economic co-operation between Hong Kong and Guangdong."

At the meeting of the Hong Kong/Guangdong Co-operation Joint Conference on August 5, 2003, each side agreed to set up its own business committee to facilitate discussion and exchange between Hong Kong and Guangdong companies, trade and business associations.The business committee of the Guangdong side will be led by the Guangdong Sub-Council of China Council for the Promotion of International Trade.

Source:Xinhua

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