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400+ Japanese business leaders turn out in Tokyo to hear Hong Kong business advantages
New book launched in Japan details Hong Kong's value as the trading hub for the Pearl River Delta

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Mr Kunio Suzuki, Chairman of Japan-Hong Kong Business Cooperation Committee and Representative Director and Chairman of the board, Mitsui O.S.K. Lines, Ltd (left) and Dr Victor Fung, Chairman of the Hong Kong-Japan Business Cooperation Committee (right) presented a new publication, Evolving Hong Kong - Newly Revealed Secrets of its Competitveness. The newly launched book, written by leading Japanese economists, extols the virtues of Hong Kong's trading platform for Japanese companies.
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(From left to right) Mr Kunio Suzuki, Mr Fujio Mitarai, Chairman of Japan Business Federation and Chairman and CEO of Canon Inc and Dr Victor Fung attend a toasting ceremony following a Hong Kong-Japan business symposium. Earlier, Dr Fung spoke about new opportunities for trade-related cooperation between Hong Kong and Japan now that Hong Kong has been included in mainland China's 11th Five-Year Programme.

June 1, 2007 - More than 400 of Japan's business elite gained new insights into China's current five-year economic programme and related promising new prospects for Japanese-Hong Kong cooperation, during a one-day bilateral business meeting Thursday in Tokyo.

The meeting was co-chaired jointly by Dr Victor Fung, Chairman of the Hong Kong-Japan Business Cooperation Committee, and Mr Kunio Suzuki, Chairman of Japan-Hong Kong Business Cooperation Committee and Representative Director and Chairman of the board, Mitsui O.S.K. Lines, Ltd. The closed plenary session was followed by an open business symposium.

At the plenary, members heard how Hong Kong's trade, logistics, financial-services and technology hub advantages can help Japanese companies benefit from Hong Kong's inclusion in the mainland's 11th Five Year Programme.

During the symposium, Japanese business leaders were particularly focused on Hong Kong as a financial services market. Now the world's second-largest market for initial public offerings, Hong Kong raised close to US$43 billion in 2006 alone. Hong Kong is also Asia's venture capital centre, featuring some 180 funds with approximately US$40 billion under management.

Japan's environmental technology industry strengths were also highlighted, with the focus on partnering with Hong Kong companies to capture a mainland market now looking toward energy efficient sustainable development.

New book on Hong Kong business advantages creates buzz

Mr Fujio Mitarai, Chairman of Japan Business Federation and the Chairman and CEO of Canon Inc, hosted a post-symposium reception. The high-level gathering commemorated the 10th anniversary of the Hong Kong Special Administrative Region, and was the occasion for the launch of a new book on Hong Kong's edge in delivering value as a trading platform.

Evolving Hong Kong - Newly Revealed Secrets of its Competitiveness was published by the Hong Kong-Japan Business Cooperation Committee and supported by the Japan-Hong Kong Business Cooperation Committee. The new book features sector-specific essays and studies on Hong Kong's trading platform from some of Japan's leading economists and business minds.

The Hong Kong Trade Development Council (TDC) serves as the secretariat for the Hong Kong-Japan Business Cooperation Committee, while the Nippon Keidanren (Japan Business Federation) is the secretariat for the Japan-Hong Kong Business Cooperation Committee.

The meeting consisted of the Japan-Hong Kong and Hong Kong-Japan Business Cooperation Committees 29th Plenary Session in the morning, as well as the Business Symposium Commemorating the 10th Anniversary of the Hong Kong Special Administrative Region. The two committees will hold their 30th Plenary Session next year in Hong Kong.

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About TDC
Established in 1966, the Hong Kong Trade Development Council (TDC) is the international marketing arm for Hong Kong-based traders, manufacturers and service providers. With more than 40 offices worldwide, including 12 in the Chinese mainland, the TDC promotes Hong Kong as a platform for doing business with China and Asia. The TDC also organises trade fairs and business missions to connect companies with opportunities in Hong Kong and the mainland, while providing information via trade publications, research reports and online. For more information, visit www.tdctrade.com

For more information
Please contact the TDC's Corporate Communication Department

Parker Robinson
Tel: (852) 2584 4341
Email: parker.robinson@tdc.org.hk

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