The Secretary for Commerce and Economic Development, Mrs Rita Lau, today (July 23) addressed a luncheon jointly organised by the Hong Kong Economic and Trade Office in Singapore and the Hong Kong-Singapore Business Association. In her speech themed "Transforming Pains into Gains Amid the Global Downturn", Mrs Lau told the Singapore business community of the immense possibilities Hong Kong offered to create value for their businesses amid the global economic downturn.