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Hong Kong Trade Development Council Press Release - English Version |
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1/31/2007 11:10:30 AM |
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 "There are many business opportunities ahead for all of us," Mr. Frederick
Ma, Secretary for Financial Services and the Treasury of the Hong Kong SAR
Government, told members of the Abu Dhabi Chamber of Commerce and Industry
today.
Mr. Ma was speaking as head of a high-level Hong Kong business mission
visiting Abu Dhabi, the capital of the United Arab Emirates, from January 28
to 30.
Mr. Ma emphasized Hong Kong's "unique position" as an intermediary between
China and the Middle East. "There is no other place in the world with more
knowledge of China business," he said.
"On the one hand, Hong Kong is the foreign investor's gateway to China,
helping overseas corporations expand into that enormous market. On the other
hand, Hong Kong has been serving as China's gateway to the world market,
acting as a platform for funds, investors, fund-raisers and financial
institutions in the Chinese mainland."
Accompanying Mr. Ma are senior representatives of 33 firms from Hong Kong's
investment and infrastructure service industries. During their stay in Abu
Dhabi, they will also meet with officials of the United Arab Emirates
government, the Securities & Commodities Authority and other business
counterparts in the financial and property development sectors.
The Middle East mission, sponsored by the Hong Kong Trade Development
Council (TDC), began in Riyadh, the capital of Saudi Arabia, on January 26.
"Hong Kong has been doing business with the Middle East for years, covering
a wide range of product sectors," said Jeff Ambjorn, the TDC's Middle East
director. "We are now taking business relations to the next level, offering
companies in this region the world-class service expertise of Hong Kong
companies."
Hong Kong is an ideal investment platform for Middle East investors looking
to the Greater China region. Total market capitalization of its stock market
reached US$1,710 billion at the end of 2006, sixth in the world and second
in Asia.
Hong Kong is also the premier capital formation centre for the Chinese
mainland.
At the turn of the year, 367 mainland enterprises were listed on the Hong
Kong stock exchange.
Hong Kong's equity market provides an excellent platform for fund-raising
and investment. Hong Kong has also become the world's second-largest
fund-raiser of IPO funds, overtaking the New York Stock Exchange. It is a
leading regional asset management centre as well, with a combined asset
management business of $580 billion at the end of 2005.
Hong Kong boasts a significant cluster of world-class professionals in
interior design, architecture, project management, engineering, construction
and property management. They can help developers and project owners realize
construction plans efficiently and effectively.
The business mission follows a similar Hong Kong services mission to Dubai
in February 2006.
About TDC
Established in 1966, the Hong Kong Trade Development Council (TDC) is the
international marketing arm for Hong Kong-based traders, manufacturers and
service providers. With 40-plus offices worldwide, including 11 in the
Chinese mainland, the TDC promotes Hong Kong as a platform for doing
business with China and Asia. The TDC also organises trade fairs and
business missions to connect companies with opportunities in Hong Kong and
the mainland, while providing information via trade publications, research
reports and online.
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