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The Hong Kong Chief Executive, Mr Tung Chee Hwa, met with his Council of International Advisors on November 6 to
discuss global and regional economic trends affecting Hong Kong’s long-term development.
Visiting Vice-Premier, Mr Zeng Peiyan, and the visiting Vice-Minister of the National Development and Reform
Commission, Mr Zhang Xiaoqiang, also met with Council members.
According to the members, the surge in Asia-Pacific’s intra-regional exports signified its rising importance in world
trade. They felt that the implementation of CEPA and Hong Kong’s further economic integration with the Pearl River
Delta (PRD) would see Hong Kong playing an increasingly important role in channeling
trade between the Mainland the other Asia-Pacific economies.
The Council endorsed Hong Kong’s strategy of economic development, agreeing that Hong Kong should position itself
as a regional service centre and continually upgrade the value added in its services.
Presentations by the Hong Kong Financial Secretary, Mr Henry Tang, the Secretary for Commerce, Industry and Technology,
Mr John Tsang, and the Secretary for Health, Welfare and Food, Dr E K Yeoh, brought council members up to date on
Hong Kong’s improved economic status, its closer ties with the PRD and Shanghai and its success in battling SARS.
The Council was established in 1998 to advise the Hong Kong Chief Executive from an international perspective on
strategic issues pertinent to the development of Hong Kong.
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