HU MEIDONG/Express
Hong Kong at night
trade ¡ª a free and liberal investment regime, the absence of trade barriers, no discrimination against overseas investors,
freedom of capital movement, a well established rule of law, transparent regulations, and low and predictable taxation.
Hong Kong has a small and efficient government structure. Corporate and personal taxes are quite low and simple to calculate.
The HKSAR Government is wellknown for its efficiency, transparency and fairness. It is ready to lend a helping hand to business people and companies under a long-established philosophy of ¡°maximum help and minimum interference¡±
for business. The objective of Hong Kong¡¯s monetary policy is to maintain currency stability. Given the highly externally oriented nature of the economy, this objective is further defined as a stable external value for the Hong Kong dollar in terms of a linked exchange rate against the US dollar at the rate of HK$7.80 to US$1.
This objective is achieved through the linked exchange rate system introduced in October 1983.
Hong Kong has a well established and trusted legal system ased on common law.
The rights and freedoms of Hong Kong people and those living there are founded upon the impartial rule of law, an independent judiciary, a comprehensive system of legal aid, and a free and active press.
In 2001, Hong Kong handled 17.8 million TEUs (20-foot equivalent units) of containers, making it the world¡¯s busiest container port. Express News

Hong Kong, described as a ¡°barren rock¡± over 150 years ago, has become a world-class financial, trading and business centre and, indeed, a great metropolis.
It became a Special Administrative Region (SAR) of the People¡¯s Republic of China on July 1, 1997, after a century
and a half of British administration.
The SAR enjoys a high degree of autonomy except in defence and foreign affairs.
Hong Kong is the world¡¯s ninth largest trading economy, one of the world¡¯s four largest gold markets, the world¡¯s
seventh largest foreign exchange market, the world¡¯s 11th largest banking centre and Asia¡¯s third biggest stock
market.
It is one of the world¡¯s top exporters of garments, watches and clocks, toys, games, electronic products and certain light industrial products.
Hong Kong is the world¡¯s ninth largest exporter of services, second only to Japan in Asia. Civil aviation, shipping, travel and tourism, trade-related services, and
various financial and banking services are the main components of its trade in services. The prices of many services are among the lowest in the world. More than 3,200 international corporations have established regional
headquarters or offices in Hong Kong.
The major types of business carried out by the regional headquarters include
wholesale and retail, and import and export trades, in addition to other business services such as accounting,
advertising and legal services, finance and banking, manufacturing and transport and related services.
Hong Kong advocates and has free

The Hong Kong Government will hold a series of promotional activities during the four-day investment and trade fair to promote and further strengthen the investment environment
of the Special Administrative Region (SAR).
The HKSAR¡¯s Chief Executive, Tung Chee-hwa, will attend tomorrow¡¯s opening of the China International Fair for Investment and Trade (CIFIT) and deliver a speech at the ¡°International Investment Forum.¡±
The SAR¡¯s Acting Financial Secretary Frederick Ma will deliver a keynote speech at a dinner being hosted by the Hong Kong Government tomorrow night. He will also officiate
during a seminar looking at the mainland and Hong Kong Closer Economic Partnership Arrangement (CEPA) on Tuesday. Invest Hong Kong and the Trade Development Council (TDC) will jointly set up the Hong Kong Pavilion at Xiamen¡¯s International Conference and
Exhibition Centre to showcase the investment environment in Hong Kong, and to promote the region as the ideal gateway for both overseas companies vying for the mainland market and
mainland firms seeking to expand their presence overseas.
The pavilion will comprise of 12 exhibition
booths, featuring the advantages enjoyed by Hong Kong and the trade services provided by Invest Hong Kong and TDC.
The Commerce, Industry and Technology Bureau and the Department of Taiwan, Hong Kong and Macao Affairs of the Ministry of Commerce (MOFCOM) will jointly hold a large seminar on Tuesday to promote the CEPA to CIFIT participants.
Invest Hong Kong and MOFCOM¡¯s Department of Foreign Economic Cooperation will also hold a seminar to introduce Hong Kong¡¯s information technology and technology industry.
Other Hong Kong government officials attending CIFIT include Raymond Young, deputy secretary for Commerce, Industry and Technology, Mike Rowse, director general of Investment Promotions, and Cyberport Co-ordinator Betty Fung.
 


HU MEIDONG/Express

Hong Kong Airport

Organizers: The Hong Kong
Trade Development Council and Invest Hong Kong
Date: September 8-11
Time: 9:00 am ¡ª 5:00 pm
Venue: Xiamen International Exhibition Centre Booth Numbers: C065-070 &
C091-096
Theme: Hong Kong ¡ª Your Global Business Platform
Exhibition forms: Posters, video programmes, ublications, presentations
on computers and others
Contents: Hong Kong¡¯s advantages, services provided by the Hong Kong Trade and Development Council, services provided by Invest Hong Kong, advantages of Hong Kong¡¯s service and trade

The 7th China International Fair for Investment and Trade Schedule
(Hong Kong Special Administrative Region)

*Tomorrow
Time: 9:08 am
Activities: The Opening Ceremony of The Seventh China International Fair for Investment and Trade, Hong Kong Hall exhibitions at the Xiamen International Exhibition Centre, Booth Numbers: C065-C070 and C091-C096
Time: 10:00 am
Activity: International Investment Conference
Time: 7:15 pm (Undecided)
Activity: Hong Kong Reception Dinner sponsored by the Hong Kong Special Administrative Region Government
*Tuesday
Time: 8:30 am
Activity: Hong Kong Day: "Closer Economic Partnership Arrangement Conference" Organizers: The Taiwan, Hong Kong and Macao Affairs Office under the Ministry of Commerce and the Commerce,
Industry and Technology Bureau of the HKSAR
Time: 9:00 am
Activity: "Hong Kong Scientific and Information Technologies Conference"
Organizers: Invest Hong Kong, the Co-operation Department of Ministry of Commerce and the Trade Office of the Economic Department under the Liaison Office of the Central Government in Hong Kong