The Director of the Hong Kong Economic and Trade Office (Toronto) (HKETO), Miss Kathy Chan, attended the Inauguration Gala of the Markham, Richmond Hill & Vaughan Chinese Business Association (MRVCBA) on September 8.
Speaking at the event, Miss Chan noted that the MRVCBA is one of the most prominent local business associations in the York Region. Over the years, it has been dedicated to advancing the interests of local Chinese businesses, and assisting them in exploring the enormous market of Mainland China, using the platform of Hong Kong.
Miss Chan said that Hong Kong is an ideal gateway to Mainland China for Canadian businesses. “At the centre of it, Hong Kong has in place a free trade arrangement with Mainland China which offers tariff-free treatment for goods of Hong Kong origin exported into Mainland China as well as the most preferential market access into Mainland China in a wide range of sectors for business operating in Hong Kong regardless of their nationality,” Miss Chan remarked.
Miss Chan also highlighted the new national strategy of the Chinese government of developing the Guangdong-Hong Kong-Macao Bay Area. “Policy breakthroughs would soon be announced to facilitate the movement of people, goods and capital between Hong Kong and other cities in the Bay Area,” Miss Chan said.
Miss Chan said that two mega infrastructure projects would be put into operation later this year, which would greatly enhance Hong Kong’s connectivity with other cities in the Bay Area. The first one is the Guangzhou-Shenzhen-Hong Kong express rail link. The Hong Kong section of the rail link will be commissioned on September 23. By that time, Hong Kong will be connected to the extensive high-speed rail network on Mainland China.
The second one is the Hong Kong-Zhuhai-Macao Bridge, which would substantially slash the travelling time between Zhuhai and Hong Kong Airport from currently 4 hours to 45 minutes only. “With these two pieces of infrastructure in place, doing business in Hong Kong would mean doing business in the entire Bay Area, whilst Canadian businesses can enjoy the various advantages of doing business in Hong Kong under the one-country-two systems principle”, Miss Chan said.