At the closing dinner gathering of PSF on March 15, Gregory So, Secretary for Commerce and Economic Development, HK remarked, “The presence of so many international sourcing experts here speaks for itself on the significance of Hong Kong as a global sourcing hub. Hong Kong enjoys a unique advantage under our ‘one country, two systems’ arrangement which no other city in China, and indeed no other economy in the world, can match.”

 

The ‘one country’ part of this successful formula, according to him means that HK enjoys the best market access to the Mainland, and many other benefits that come with being a privileged player in China, the world's second-largest economy. As for ‘two systems’, he said, “we offer free market access to Hong Kong, the common legal system, rule of law, open and democratic government, independent judiciary and English as one of the official and business languages. This unique duality has made HK a magnet for business where nearly 8,000 international companies have established their foothold.” Hong Kong is a dynamic global city and the perfect "super-connector" linking up enterprises with the promising business opportunities in the region.

Speaking on global economic scenario, he said, “Looking ahead, the lackluster global economy and the sluggish export climate pose challenges to us. The world economy is in need of a new and strong driving force in the 21st century. And I believe the ‘Belt and Road Initiative’ can be that much-needed force. Hong Kong has what you need in a strategic partner as you venture into markets of the Belt and Road countries.”