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HK Calls on Investors to Tap Mainland's Western Market
Hong Kong investors should seize the great business opportunities offered in the development of China's western areas, says the Hong Kong Trade Development Council (HKTDC). The appeal was made known in a report released on January 11.
The State Council has recently promulgated new policies for China's western development so as to create a sounder and more favorable environment for investment, the report says.
The advantage in China's great west lies mainly in its rich resources, huge domestic market and strong capabilities for scientific and technological researches. Recent years have witnessed the Chinese central government increase its financial appropriation to the western areas in order to facilitate the infrastructure construction. In view of the capital insufficiency in those areas, flexible measures have been taken by the government to attract foreign funds. And China has also worked out a plan to speed up in the coming five years the infrastructure construction in the western regions, which will bring about great demands in financing, engineering, and services of consultancy and lease of machinery equipment.
According to the report, Hong Kong investors, aside from capital investment, can also tap the potentials in consultancy and/or financial services for infrastructure projects. After China's accession into the World Trade Organization (WTO), China's mainland will observe an even stricter rule in project bidding as do in international practices. In addition, the city planning and construction in western areas has also provided Hong Kong investors with a lot of chances for investment.
By PD Online staff member Li Yan
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