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HK highlighted in Aus, NZ

September 23, 2016
Aussie oracle

Aussie oracle:  Secretary for Constitutional & Mainland Affairs Raymond Tam speaks at the Hong Kong-Australia Business Association (National) Business Awards Gala Dinner in Sydney.

Secretary for Constitutional & Mainland Affairs Raymond Tam outlined Hong Kong's advantages to Australian business associations and enterprises at the Hong Kong-Australia Business Association (National) Business Awards Gala Dinner in Sydney tonight.

 

In a keynote speech, Mr Tam said Hong Kong has dual advantages under the "one country, two systems" principle.

 

Together with its international outlook and institutional strengths, he said Hong Kong offers an ideal business environment and a level playing field to investors.

 

"Under the 'one country, two systems' principle, Hong Kong practises the capitalist system. We have a competitive and free economy. Our institutional strength is rock solid. Similar to Australia, our legal system is based on the English common law. Judicial independence is guaranteed by the Basic Law."

 

He said the implementation of the National 13th Five-Year Plan and the Belt & Road Initiative provides immense opportunities for Hong Kong.

 

Its "super-connector" role not only makes the city an ideal springboard for foreign companies to enter the Mainland market, but also makes it a reliable partner to Mainland companies in their endeavours to "go global".

 

Mr Tam said foreign companies in Hong Kong enjoy the same privileges as local firms under bilateral trade agreements which include the Mainland & Hong Kong Closer Economic Partnership Arrangement, under which these overseas companies enjoy preferential treatment in accessing a wide array of service sectors across the Mainland.

 

He encouraged Australian investors to establish a foothold in Hong Kong and grasp the opportunities brought about by the Belt & Road Initiative and other developments on the Mainland.

 

Mr Tam earlier attended a breakfast meeting held by the Hong Kong New Zealand Business Association in Auckland. He then met with Auckland Mayor Len Brown.

 

Mr Tam will return to Hong Kong tomorrow.



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