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Secretary for Financial Services and the Treasury Frederick Ma said Hong Kong has much to offer to international investors and enterprises in their quest for investment and business opportunities. |
Hong Kong Secretary for Financial Services and the Treasury Frederick Ma encouraged investors at an April 20 luncheon in New York to make use of Hong Kong as a bridge to business opportunities in China.
Mr. Ma spoke at the Committee of 100’s annual conference during his weeklong visit to North America to promote Hong Kong as an international financial center and gateway to China.
Outlining Hong Kong’s strengths in financial services and the emerging economic importance of mainland China, Mr. Ma said as the scale and scope of the Mainland’s international activities continue to grow, Hong Kong’s role in serving as the Mainland’s channel for financial intermediation with international fund-raisers and investors is also becoming more significant.
“Hong Kong is not only attractive to Mainland enterprises, it also has much to offer to international investors and enterprises in their quest for investment and business opportunities,” Mr. Ma said. “We can act as a platform for accessing opportunities in Asia, in particular, China, in a number of ways.”
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Secretary for Financial Services and the Treasury Frederick Ma (right) met with Savio Tung (left), a director of the Committee of 100, and Lulu C. Wang, co-chairwoman of the Committee of 100’s 16th annual conference and chief executive officer of Tupelo Capital Management. |
These include buying Chinese enterprise shares listed on the Hong Kong stock exchange to capitalize on the growth of the Mainland economy; leveraging Hong Kong’s unique strengths as a fund management center to tap into the huge domestic savings of the Mainland; and buying renminbi-denominated financial bonds issued in Hong Kong by Mainland financial institutions when available.
Mr. Ma also met and exchanged views with U.S. Secretary of the Treasury Henry Paulson, a keynote speaker at the luncheon.
Mr. Ma’s program in New York included meetings with international financial institutions, a credit rating agency and the media.
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