Mr. Tsang said the economy staged a full recovery at a faster pace than expected in 2010 thanks to the strong growth in mainland China and Asia.

Hong Kong's exports of goods soared by 17.3% in real terms in 2010, while private consumption spending grew by 5.8% and investment spending grew by 8.1%.

Hong Kong official: Close ties invite U.S. investment
Hong Kong will serve as a lucrative end market for New York businesses and a valuable gateway to the vast mainland China market with the strengthening of the global economy, said Hong Kong Commissioner for Economic and Trade Affairs, USA, Donald Tong at a spring reception held February 8 in New York.

And the ranking as the world's freest economy by the Heritage Foundation and the Wall Street Journal for the 17th consecutive year demonstrate Hong Kong's adherence to free market principles and the rule of law and the strengths under the "One Country, two Systems" principle, he said.

Exchange Fund records US$10.12 billion investment income in 2010
The Hong Kong Exchange Fund recorded an investment income of US$10.12 billion(unaudited figure)in 2010, according to the Hong Kong Monetary Authority (HKMA). The main components were:

•a total return from bonds of US$5.39 billion;
•a valuation gain on, and dividends from, Hong Kong equities amounting to US$1.48 billion;
•a valuation gain on, and dividends from, foreign equities amounting to US$3.46 billion;
•an exchange valuation loss of US$397.43 million, mainly a result of depreciation of other currencies against the US dollar; and
•a valuation gain on other investments amounting to US$179.48 million.