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Tung Chee Hwa Encourages Multinational Corporations to Invest in HK
Tung Chee Hwa, the Chief Executive of Hong Kong Special Administrative Region said Tuesday that multinational corporations would benefit from investing in Hong Kong.
Tung updated the visiting Chairman and Chief Executive Officer of Dynegy, Inc, Chuck Watson of Hong Kong's investment environment and the benefits to multinational corporations of siting their regional headquarters in this "Asia's World City".
Tung said: "I am pleased that Dynegy has joined the league of multinational corporations setting up regional headquarters or offices in Hong Kong.
"The number of such offices has grown from 2,500 to 3,000 last year and has helped create jobs for Hong Kong people."
Dynegy, Inc, which ranked 54th on the Year 2000 FORTUNE Global 500 company list, has set up its Asia Pacific Regional Office in Hong Kong in September last year. The US-based Dynegy, Inc is a leading provider of energy and communications solutions to customers.
Watson said: "The meeting was useful in gaining an understanding of the competitive advantages of Hong Kong as a springboard for expansion and as an intermediary in forming strategic partnership in the Asia Pacific, in particular China upon its accession to the World Trade Organization."
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