A business conference which has drawn widespread enthusiasm among the US business community, especially many medium and small-size businesses in the San Francisco Bay Area, is aimed at promoting investment opportunities in China's booming Guangdong province and neighboring Hong Kong territory.

The Hong Kong-Guangdong Business Conference USA 2005, jointly organized by the governments of the Guangdong province and the Hong Kong Special Administrative Region, will give US companies and business leaders a better understanding of the economic development as well as favorable investment environment in the area, organizers said here Thursday.

The one-day event, scheduled for Oct. 14 in the Hilton Hotel of downtown San Francisco, is the first overseas businesses promotion effort jointly launched by Guangdong and Hong Kong, who have further increased their cooperation in various areas since the territory's return to China from the British rule in 1997.

In addition to highlight the achievements of the regional cooperation within the Greater Pearl River Delta, which comprises Guangdong, Hong Kong and Macao in southeast China, the conference will present the economic development prospects in the region, with a goal to create lucrative economic and trade relationships between Hong Kong, Guangdong and the United States.

A huge delegation of Chinese government officials and business executives led by Guangdong provincial governor Huang Huahua and Hong Kong's financial secretary Henry Tang is to attend the conference, according to Zhang Jianjun, a Guangdong official working on the event's preparations.

Huang and Tang are expected to make keynote speeches on the occasion, introducing Guangdong and Hong Kong as a two-way platform for US companies to achieve their business growth in China as well as the world. The officials will also witness the signing of contracts for some major projects between Chinese and US companies.

Executives of major US enterprises that have operations in Guangdong and Hong Kong, including Ernst & Young, Synopsys and AppoTech, will share their investment experience with participants at the conference, Zhang said.

Source: Xinhua