socialmedian: Frbiz com Reports HK To Enhance Competitiveness As Global Financial Center

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Frbiz com Reports HK To Enhance Competitiveness As Global Financial Center

Submitted by Motown Terri from blog

Nov 07, 2009

Summary

Author : Tian Li

Hong Kong Special Administrative Region Chief Executive Donald Tsang on Wednesday pledged to take a series of measures to enhance Hong Kong's competitiveness as a global financial center

"We should fully grasp the opportunities presented by 'One Country, Two Systems'," said Tsang when delivering his annual policy address at the Legislative Council

"We will continue to develop Hong Kong as a global financial center, asset management center and offshore RMB business center attracting capital and talent from within and outside the country," he said

In the process, Hong Kong will endeavor to meet the overall development needs of the country and achieve a win-win situation, and contribute to the country's financial security

As a prime global financial center in the Asian time zone, Hong Kong enjoys many advantages, including a highly open and internationalized market, a regulatory regime aligned with major overseas markets, the rule of law, and the free flow of information and capital

Tsang said that the Financial Secretary of the HKSAR government ...Read the full article

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