Others News
- John Tsang: HK offers capital-raising options
Date: 10-Sep-2007 Sources: (Xinhua Online)
HONG KONG, Sept. 9 (Xinhua) -- Hong Kong offers the Chinese mainland companies a range of financial services and capital-raising options, Hong Kong Financial Secretary John Tsang said in Xiamen, according to news from the Information Services Department of Hong Kong Special Administrative Region government.
Speaking at the Hong Kong - Your Platform to Go Global forum in Xiamen of Fujian province, Tsang said that Hong Kong has a solid track record of companies, large and small, benefiting from our financial services, the news said.
Director-General of Investment Promotion Mike Rowse said his department has helped 28 mainland companies to establish or expand operations in Hong Kong this year.
'And by year's end, we expect to top the record of 41 achieved in 2006,' he added.
More than 60 companies from Fujian are already using Hong Kong to raise capital, identify international business partners, upgrade their management skills and test their products and services in a fully-blown market economy and cosmopolitan environment.
During the past decades, interest in Hong Kong from Fujian has risen considerably. According to local government statistics, investment from the 105 Fujian firms with a presence in Hong Kong totaled 253 million U.S. dollars, or 33 percent of the province's total foreign direct investment as of June.
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