Canadian investors urged to invest in HK and Guangdong (with
photo)
************************************************************ Canadian investors were encouraged to invest in Hong Kong and Guangdong at a major investment promotion event, "Hong Kong – Guangdong Business Forum in Canada 2005", held in Vancouver today (October 24, Vancouver time).
The seminar was hosted by the governments of the Hong Kong Special Administrative Region (SAR) and Guangdong Province.
The Chief Executive of the Hong Kong SAR, Mr Donald Tsang, and the Governor of Guangdong Province, Mr Huang Huahua, led the delegations and delivered keynote speeches at the forum.
The forum focused on updating investors on the latest business opportunities brought by the Mainland and Hong Kong Closer Economic Partnership Arrangement and the future business prospects in Hong Kong and Guangdong for companies in North America.
Hong Kong and Guangdong have distinct advantages that complement each other. Guangdong Province is strong in manufacturing, while Hong Kong's major assets are in its international financial connections and management expertise. By working together, the two places can leverage on each other's strengths to develop the economies and business opportunities in the region.
The Premier of British Columbia, Mr Gordon Campbell, opened the conference, and the Ambassador Extraordinary and Plenipotentiary, Embassy of the People's Republic of China to Canada, Mr Lu Shumin, also made remarks.
Top executives from prominent Canadian companies -- the Executive Vice President of CAE, Mr Nick Leontidis, and the Chief Operating Officer of Sierra Wireless, Mr Jason Cohenour -- shared their first-hand investment experiences in Guangdong and Hong Kong respectively with participants in the forum.
More than 1,100 top executives from Canadian companies attended the event and demonstrated strong interest in the Greater Pearl River Delta region, consisting of Guangdong, Hong Kong and Macao. The region is one of the fastest growing areas in China.
In his speech, the Chief Executive presented the many advantages of Hong Kong as a financial centre, and discussed why investors from North America chose to invest in Hong Kong.
The investment promotion agencies for Hong Kong and Guangdong - Invest Hong Kong and the Department of Foreign Trade and Economic Cooperation of Guangdong Province - organised the forum.
On the same day, there was also a seminar entitled "Hong Kong: Canada's Bridgehead in China", which was well attended. The seminar, organised by Invest Hong Kong, the Hong Kong Economic and Trade Office in Canada and the Hong Kong Trade Development Council, highlighted the unique advantages of Hong Kong as a base from which to do business with Mainland China and the rest of East Asia. Speakers at the seminar also explained why Hong Kong was an ideal place to source market intelligence, find strategic partners and raise investment capital for expansion in the China market.
In his presentation, the Director-General of Investment Promotion at Invest Hong Kong, Mr Mike Rowse, pointed out that Canada was a strategic partner for Hong Kong economically, with cumulative investment amounting to US$2.55 billion.
"Since the establishment of Invest Hong Kong in 2000, we have worked with many Canadian companies setting up or relocating their regional operations in Hong Kong, to manage their businesses in China and in Asia," Mr Rowse said. "And now we are assisting some of them to expand their businesses in Hong Kong. This sends an important message to us and investors in Canada – that they have made the right decision in choosing our city. Hong Kong offers numerous opportunities at different levels to companies engaged in all sectors. We look forward to welcoming more Canadian companies to join us in Asia's most international business centre."
photo)
************************************************************ Canadian investors were encouraged to invest in Hong Kong and Guangdong at a major investment promotion event, "Hong Kong – Guangdong Business Forum in Canada 2005", held in Vancouver today (October 24, Vancouver time).
The seminar was hosted by the governments of the Hong Kong Special Administrative Region (SAR) and Guangdong Province.
The Chief Executive of the Hong Kong SAR, Mr Donald Tsang, and the Governor of Guangdong Province, Mr Huang Huahua, led the delegations and delivered keynote speeches at the forum.
The forum focused on updating investors on the latest business opportunities brought by the Mainland and Hong Kong Closer Economic Partnership Arrangement and the future business prospects in Hong Kong and Guangdong for companies in North America.
Hong Kong and Guangdong have distinct advantages that complement each other. Guangdong Province is strong in manufacturing, while Hong Kong's major assets are in its international financial connections and management expertise. By working together, the two places can leverage on each other's strengths to develop the economies and business opportunities in the region.
The Premier of British Columbia, Mr Gordon Campbell, opened the conference, and the Ambassador Extraordinary and Plenipotentiary, Embassy of the People's Republic of China to Canada, Mr Lu Shumin, also made remarks.
Top executives from prominent Canadian companies -- the Executive Vice President of CAE, Mr Nick Leontidis, and the Chief Operating Officer of Sierra Wireless, Mr Jason Cohenour -- shared their first-hand investment experiences in Guangdong and Hong Kong respectively with participants in the forum.
More than 1,100 top executives from Canadian companies attended the event and demonstrated strong interest in the Greater Pearl River Delta region, consisting of Guangdong, Hong Kong and Macao. The region is one of the fastest growing areas in China.
In his speech, the Chief Executive presented the many advantages of Hong Kong as a financial centre, and discussed why investors from North America chose to invest in Hong Kong.
The investment promotion agencies for Hong Kong and Guangdong - Invest Hong Kong and the Department of Foreign Trade and Economic Cooperation of Guangdong Province - organised the forum.
On the same day, there was also a seminar entitled "Hong Kong: Canada's Bridgehead in China", which was well attended. The seminar, organised by Invest Hong Kong, the Hong Kong Economic and Trade Office in Canada and the Hong Kong Trade Development Council, highlighted the unique advantages of Hong Kong as a base from which to do business with Mainland China and the rest of East Asia. Speakers at the seminar also explained why Hong Kong was an ideal place to source market intelligence, find strategic partners and raise investment capital for expansion in the China market.
In his presentation, the Director-General of Investment Promotion at Invest Hong Kong, Mr Mike Rowse, pointed out that Canada was a strategic partner for Hong Kong economically, with cumulative investment amounting to US$2.55 billion.
"Since the establishment of Invest Hong Kong in 2000, we have worked with many Canadian companies setting up or relocating their regional operations in Hong Kong, to manage their businesses in China and in Asia," Mr Rowse said. "And now we are assisting some of them to expand their businesses in Hong Kong. This sends an important message to us and investors in Canada – that they have made the right decision in choosing our city. Hong Kong offers numerous opportunities at different levels to companies engaged in all sectors. We look forward to welcoming more Canadian companies to join us in Asia's most international business centre."
Ends/Tuesday, October 25, 2005
Issued at HKT 15:39
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