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Tung's team of advisers gathers in Guangzhou
By Liu Weifeng (China Daily)
Updated: 2004-11-04 22:37
The special
administrative region's chief Tung Chee-hwa has congregated his nine-member
advisory team in Guangzhou.
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| Tung Chee-hwa (first right), chief executive of Hong Kong Special
Administrative Region, talks with Tang Bingquan, vice-governor of
Guangdong Province, Thursday at a meeting with Tung's business advisers in
Guangzhou, capital of Guangdong. [newsphoto] | He met with the council in the capital of Guangdong Province, which
neighbours Hong Kong, for the second and last day of the annual consultation.
"It's the first time my council of international advisers meets outside Hong
Kong," he said
The council, which started meeting annually in 1998, provides strategic
suggestions from an international and regional perspective.
Moving the meeting gave the international entrepreneurs that make up the
council a first-hand taste of South China's fast-growing economy.
It will help the advisers make more precise proposals for Hong Kong's
development within the Greater Pearl River Delta, including strategies for the
Hong Kong, Macao and the Pan Pearl River Delta Regions.
The group met with the governor Huang Huahua and learned Guangdong is in
great need of infrastructure construction and energy support, due to its soaring
development.
The need may hints to possible business ties between Guangdong and the
world's top companies.
Zhang Dejiang, Party Secretary of Guangdong, emphasized the interdependent
relationship between Hong Kong and Guangdong.
"Some 70 per cent of the foreign capital lured by Guangdong is from Hong
Kong," said Zhang.
Of Guangdong's US$280 billion in imports and exports last year, some US$200
billion moved via Hong Kong, he said.
"It brings numerous business opportunities to Hong Kong's logistic,
communication and shipping industries," he said.
The delegates visited Hua Wei, a high-tech enterprise, and shoemakers in
Shenzhen and Dongguan yesterday afternoon.
The think-tank is made up of top leaders from the world's most successful
corporations.
They include Karl-Hermann Baumann of Siemens, Sir John Bond of HSBC Holdings,
Tasuku Takagaki of the Bank of Tokyo-Mitsubishi, Rob Routs with Royal
Dutch/Shell Group.
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