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A Promising Future in the
Greater Pearl River Delta (GPRD)
The signing value on the Guangdong-Hong
Kong Business Fair Exceeding USD$4.3 billion
Sponsored by the People's Government of
Guangdong Province, the 2004 Business Fair
for Guangdong- Hong Kong Economic, Technology
and Trade Cooperation was held in Hong Kong
in May. Led by Tang Bingquan, the Deputy
Governor of Guangdong Province, the Guangdong
delegation brought to Hong Kong 150 projects
including high-tech, infrastructure, agriculture
and logistics, etc. Conducted in a comprehensive
and pragmatic way, the promotion and exchange
greatly boosted the cooperation between
Guangdong and Hong Kong. Three specialized
promotion seminars were held focusing on
the Pearl River Delta (PRD), the east &
west wings of Guangdong and the mountainous
areas, and the industrial zones respectively.
Centering on the business opportunities
after the implementation of CEPA, this business
fair displayed a flourishing future of the
GPRD and the supplementary advantages resulting
from an expanded hinterland in the east
and west wings of Guangdong and the mountainous
areas. In addition to their investment in
the PRD, the Hong Kong enterprises are encouraged
to invest and establish factories in such
untapped areas as the mountainous areas
and the east & west wings of Guangdong
in an attempt to extend cooperation to a
vaster land.
The Business Fair concluded with the signature
of 378 projects and a total value of USD$4.37
billion in foreign investment, among which
the contractual value was USD$3.114 billion
and the agreement and investment intention
value was USD$1.256 billion. The total trading
volume reached USD$2.59 billion with an
export value of USD$1.93 billion and an
import value of USD$0.66 billion.
Some Major Characteristics of the
2004 Business Fair
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| Mr. Tung Chee Hwa, Chief
Executive of the Hong Kong
Special Administrative Region
Government,Mr Gao Si-ren,
Director of Liaison Office
of the Central People's
Government in the HKSAR
and Mr. Tang Bingquan, Deputy
Governor of the People's
Government of Guangdong
Province on the Business
Fair for Guangdong-Hongkong
Economic, Technology and
Trade Cooperation. |
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| Mr. Tang Bingquan, Deputy
Governor of the People's
Government of Guangdong
Province, introducing the
the opportunities in the
cooperation of Guangdong
and Hongkong after the signature
of CEPA. |
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| Mr. Tsang Hin Chi, member
of the Standing Committee
of the Peoples Congress
of the PRC, Chairman of
the Hong Kong Chinese General
Chamber of Commerce, making
a speech on the Business
Fair for Guangdong-Hongkong
Economic and Trade Cooperation. |
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| Mr Frederick Lam, Deputy
Executive Director of Hong
Kong Trade Development Council,
making a speech on the Business
Fair for Guangdong-Hongkong
Economic and Trade Cooperation. |
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| Mr. Tang Bingquan, Deputy
Governor of the People's
Government of Guangdong
Province, meeting Mr. Tung
Chee Hwa, Chief Executive
of the Hong Kong Special
Administrative Region Government. |
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| Mr. Tang Bingquan, speaking
with Mr. Tsang Hin Chi. |
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| The hot scene of the Investment
Environment Promotion Seminar
of the Development Zones
in Guangdong. |
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| The development seminar
of the east & west wings
and the north mountainous
areas of Guangdong displayed
the supplementary advantages
as a potential expanded
hinterland of the GPRD.
The Hong Kong enterprises
are encouraged to invest
in such untapped areas with
the expectation of extending
cooperation area between
Guangdong and Hong Kong
. |
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| Centering on the business opportunities
after the implementation of CEPA,
the seminar of investment perspective
in PRD displayed a flourishing
future of this region. |
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Information released on April
30, 2004
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