Tung Chee Hwa Pledges to Improve Business Environment

Home>>Business

Last updated at: (Beijing Time) Thursday, January 31, 2002

Tung Chee Hwa Pledges to Improve Business Environment

The government of the Hong Kong Special Administrative Region (SAR) will try to improve the business environment and attract more investors in the following years. Tung said the government attaches great importance to the business environment and will review the business policy from time to time for improvement.

DISCUSSION

CHINESE

SEND TO FRIEND

Tung Chee Hwa, who has announced the candidacy for the chief executive of the Hong Kong SAR for a second term, made the pledge at the consultation session with the professionals sector of the Election Committee Thursday in Hong Kong.

Tung said the government attaches great importance to the business environment and will review the business policy from time to time for improvement.

The overseas investors have in general showed satisfaction about Hong Kong's business environment, in terms of the rule of law, the mechanism of fair competition and the free market, he said.

However, the government still need to do more to improve it, such as accelerating the approval of overseas investment and formulating laws favorable to investors, he added.

Tung said that he had often taken into account the investors' return, which would be critical to attract overseas investors to Hong Kong.

"Only if investors can make money will they come to Hong Kong," he noted.

He said that Hong Kong has many priorities, for example in financial service, and that Hong Kong must consolidate these advantages for further business expansion.

Hong Kong Business Environment

Hong Kong offers an unusually stable and efficient business environment with the modern infrastructure and telecommunications that could be expected of the world 9th largest economy. The territory's economy could rightly be described as the most laissez faire economy in the world.

Hong Kong is unsurpassed in the extent to which it brings local and overseas firms together into a single business community. The constant interaction between thousands of overseas firms and local businesses in a supercharged business environment generates growth opportunities for both sides in setting up international networks, entering new lines of business, finding new sources of supply and new markets and linking up with business partners from Hong Kong, mainland and elsewhere.

More than 3,000 international firms have established regional headquarters or offices in Hong Kong, and in the twelve months to July 2001 a further hundred companies chose Hong Kong as the location for their regional offices.

SMEs Optimistic About HK's Business Environment: Survey

Local small and medium sized enterprises (SMEs) are cautiously optimistic about Hong Kong's business operating environment, a recent survey by Hong Kong Productivity Council showed.

The Hong Kong's business operating environment index in the coming months scored 9.6 percent, reflecting a 5 percent increase compared to the last survey conducted at the end of 2000, the findings of the survey showed.

Questions?Comments? Click here

HK Business Tycoon Calls for Close Business Cooperation

Tung Encourages Economic Links With Guangdong

Tung Chee Hwa Holds Consultation Sessions with Election Committee Members