Invest Hong Kong to step up joint promotions with Guangdong

The Director-General of Investment Promotion, Mr Mike Rowse, today (June 19) met leading representatives of the Guangdong Province and the Guangzhou and Dongguan municipalities to stimulate co-operation in jointly promoting foreign direct investment.

The plan includes increasing the number of joint events, promotions and other initiatives to attract international companies to establish manufacturing plants in the Pearl River Delta (PRD), and their headquarters and management offices in Hong Kong.

Mr Rowse said he was pleased with the outcome of his discussions in Guangzhou and Dongguan.

"The Pearl River Delta region is one of the most affluent and fastest growing regions in China. It is also an enormously attractive market, with average annual growth of nearly 17% over the past decade," he said.

"Together with Hong Kong, the PRD offers a winning combination to international investors - access to low-cost labour for manufacturing plants, as well as the world-class infrastructure, regulatory framework and rule of law in Hong Kong for their management offices.

"This co-operation will benefit all parties involved, and I am confident that it will result in increased investment inflows on both sides of the boundary."

During their visit, the delegation met with the Mayor of Guangzhou Municipality City, Mr Zhang Guangning; the Director-General of the Department of Foreign Trade and Economic Co-operation of Guangdong Province, Mr Liang Yaowen; and the Director-General of the Bureau of Foreign Trade and Economic Co-operation of Guangzhou Municipality, Mr XIAO Zhenyu.

In Dongguan, the delegation was received by the Deputy Mayor, Mr Zhang Shunguang; and the Deputy Director-General of the Bureau of Foreign Trade and Economic Co-operation of Dongguan Municipality, Mr Yang Xiaotang and Mr Huang Guanqiu.

End/Thursday, June 19, 2003