Hong Kong boosted for business

Updated: 2015-06-11 03:49

By Li Na(China Daily Canada)

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Hong Kong boosted for business

Ed Fast (left), Canada's minister of international trade, and Margaret Fong, executive director of the Hong Kong Trade Development Council, sign an agreement to promote increased bilateral commercial activity between Hong Kong and Canada, at the opening of the "Think Asia, Think Hong Kong" symposium on June 8 in Toronto. LI NA / CHINA DAILY

The largest-ever Hong Kong promotion in Canada wrapped up on Tuesday, June 9 in Toronto. More than 1,500 business people from across Canada took part in the event known as "Think Asia, Think Hong Kong", which was organized by the Hong Kong Trade Development Council (HKTDC) in Toronto.

"We're here because we believe that our strong and longstanding connections in business and culture offer the promise of a far more rewarding future for our two economies and the companies that drive them," said C.Y. Leung, chief executive of the Hong Kong Special Administrative Region, at the opening symposium.

Leung was leading a delegation of more than 100 high-profile business leaders and government officials, including 27 from the Chinese mainland.

According to Leung, about 300,000 Canadian passport holders live and work in Hong Kong. The Canadian Chamber of Commerce in Hong Kong is the largest Canadian business organization outside of Canada, and among the largest and most active international chambers in Hong Kong and the entire Asia-Pacific region.

"I'm also pleased to note that Canada's investment in Hong Kong is substantial, totaling CAD $5.1 billion at the end of 2013," Leung added.

“We are working diligently to help companies from Canada, Hong Kong and the Chinese mainland to explore business opportunities using the Hong Kong platform," said Vincent Lo, chairman-designate of the HKTDC. "Hong Kong has a long tradition of international trade, combined with the understanding of different cultures and business practices from East and West."

Lo highlighted the developments in Asia, namely the "One Belt, One Road" initiative in China and the huge population of consumers in the 10 ASEAN nations.

"The Chinese mainland is committed to market-driven growth, and no-one knows the mainland markets better than we do in Hong Kong," Lo said.

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