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Last updated at: (Beijing Time) Sunday, June 08, 2003

Forbes Business Events to be Held in Hong Kong

Invest Hong Kong, an investment promotion department, has reached agreement with Forbes to organize three major business events this year and next year, a spokeswomen for the department said Saturday.


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Invest Hong Kong, an investment promotion department, has reached agreement with Forbes to organize three major business events this year and next year, a spokeswomen for the department said Saturday.

The director-general of the department, Mike Rowse, said the events in the pipeline are the Best Under a Billion Forbes Global 200 Best Small Companies, Forbes US 2003 CEO Forum and Forbes Global CEO Conference.

The Best Under a Billion event is set to be held in Hong Kong in November. It is an award presentation for 200 best small companies with a turnover under 1 billion US dollars.

Rowse said over 100 CEO or senior business representatives from all over the world are expected to attend the event.

For the CEO Forum, the Hong Kong government will sponsor the event, which will be held in Richmond, Virginia in the United States, this autumn.

For the CEO Conference, Rowse said the event will be held in Hong Kong in spring 2004.

In addition, Hong Kong will cooperate with Forbes to organize a series of business receptions and activities.

Speaking on other promotional activities to restore Hong Kong's reputation and revive the economy following the SARS outbreak, Rowse said 200 million Hong Kong dollars (25.6 million US dollars) has been set aside for organizing mega sports and entertainment events.

Apart from inviting Livepool to participate in an exhibition soccer match this summer, the Hong Kong government is now working on getting two other leading European football teams to play in a competitive match.

Moreover, the Chinese National Basketball Team, including NBA star Yao Ming, will play in Hong Kong sometime this year.

On the entertainment side, a major event will be staged at Hong Kong Stadium later this year.

While large-scale publicity will be launched internationally and locally to help get economic activity back to normal, the public will also be encouraged to partake in cultural and community programs.

Outlining details of the activities to relaunch Hong Kong, Rowse said it is important to "get our economy growing again by promoting local consumption and boosting tourism."

It is also crucial to convince the international communities, as well as the mainland, that they should come to Hong Kong for business and leisure, he added.


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