'Progressive development' is Chief Executive's main priority
Hong Kong Chief Executive Donald Tsang outlined a new direction for Hong Kong’s development in his first Policy Address of the Third Term Hong Kong Special Administrative Region Government.

Speaking at the Legislative Council on October 10, Mr. Tsang said he had full confidence in the city’s future.

Hong Kong remains a top FDI destination
Hong Kong in 2006 retained its position as Asia’s second-largest destination for foreign direct investment (FDI), according to the “World Investment Report 2007,” released October 17 by the United Nations Conference on Trade and Development.

The report presents the latest FDI data and global and regional trends. It notes that Hong Kong is a “front-runner” economy with high rankings in both its Inward FDI Potential Index and its Inward FDI Performance Index.

Hong Kong is preferred location for international companies
Invest Hong Kong recently noted that Hong Kong remains the preferred city in Asia for overseas and Mainland companies, according to the results of an annual survey released October 2.

At the same time, the agency cautioned more needs to be done to ensure Hong Kong’s continued competitiveness in the years ahead.

Further development of political process is detailed in report
The Hong Kong Special Administrative Region (HKSAR) Government released on October 17 the “Report on Further Development of the Political Appointment System,” which calls for the creation of two additional layers of politically appointed officials: deputy directors of bureau and political assistants to directors of bureau.

In his statement to the Legislative Council, Secretary for Constitutional and Mainland Affairs Stephen Lam said, “The HKSAR Government hopes that we can provide the team of Principal Officials with stronger support in carrying out political work in the pursuit of people-based governance, and in leading an outstanding, permanent and politically neutral civil service to meet the objective of effective governance.

Extensive Wi-Fi systems make Hong Kong a world hotspot
The installation of more than 5,000 Wi-Fi hotspots at approximately 3,000 locations in the territory makes Hong Kong a world leader in the provision of public Wi-Fi service, according to the Office of the Telecommunications Authority (OFTA).

“We are pleased to see such a rapid and massive rollout of public Wi-Fi service,” said an OFTA spokesman.  

Migrant program leads to hockey boon for Hong Kong
In his Policy Address, Hong Kong Chief Executive Donald Tsang noted that in 2006, some 28,000 people from different corners of the globe came to work in Hong Kong and settled here. He pointed out that global competition means that Hong Kong has to compete for markets as well as talent.