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Ninth Annual Hong Kong Forum Opens
More than 400 Members from 21 Countries Here for Two-Day Event

Jack So, Chairman of the HKTDC, addressed the Forum at today's welcome luncheon
"I believe Hong Kong will emerge from the current downturn stronger than ever, its competitive position improved," said Fred Lam, Executive Director of HKTDC at today's opening session of the Hong Kong Forum
In this Hong Kong Forum VIP lineup are (left to right): Fred Wang, Director of Salon Films (HK) Ltd; Michael Sze, Honorary Advisor of the Federation; David Matheson, Honorary Advisor of the Federation; Allan Zeman, Chairman of Ocean Park Hong Kong; Wilkin Fon, Honorary Treasurer of the Federation; Barry MacDonald, Chairman of the Federation; John Tsang, Financial Secretary of the HKSAR; Fred Lam, Executive Director of the HKTDC; Jacques Pelletier, Vice Chairman of the Federation; Chris Leu, Immediate Past Chair of the Federation; Paul Kan, Founder and Chairman of Crown Worldwide Holdings Ltd; and Peter Cheng, Director of the New World Development Company Ltd

30 October 2008 - The ninth Hong Kong Forum, the annual flagship event of the Federation of Hong Kong Business Associations Worldwide, opened this morning and continues through 31 October, at the Grand Hyatt Hong Kong Hotel. More than 400 associates from 21 countries are taking part in the 2008 forum, with new participants making up nearly 50 per cent of the associates attending.

Hosted by the Hong Kong Trade Development Council (HKTDC), the two-day event gives federation members from around the world the latest insights and information on doing business in Hong Kong and the Chinese mainland. This year's programme ranges from panel discussions and thematic workshops to topical addresses, networking sessions and face-to-face communication with senior executives from Hong Kong and around the world.

Speaking at this morning's opening session, Fred Lam, Executive Director of the HKTDC, said: "Hong Kong is well-placed to excel in three areas - as Asia's regional financial and wealth-management centre, as the Chinese mainland's fashion hub for lifestyle products, and as the region's technology and intellectual property trading hub."

Financial Secretary John Tsang, keynote speaker at today's forum luncheon, addressed the current global financial turmoil and ways in which the government should respond. "Enhancing our status as a global financial centre to help the economy power ahead is a well-considered strategy," said Mr Tsang. "In the face of current market volatility, we need to keep calm and take a critical look at our own strengths as well as our own weaknesses," he added. "By so doing, we can move in the right direction and turn the crisis that we are facing into new business opportunities."

Established in 2000, with the assistance of the HKTDC, the Federation of Hong Kong Business Associations Worldwide is a unique network of 32 Hong Kong Business Associations in 24 countries. The Federation counts more than 10,000 individual overseas traders, buyers and professionals as members.

Media enquiries
Contact the HKTDC's Media and Public Affairs Department:
Teresa O       Tel: (852) 2584 4554     Email: teresa.cy.o@tdc.org.hk

About the HKTDC
Established in 1966, the Hong Kong Trade Development Council (HKTDC) is the international marketing arm for Hong Kong-based traders, manufacturers and service providers. With more than 40 offices worldwide, including 11 in the Chinese mainland, the HKTDC promotes Hong Kong as a platform for doing business with China and Asia. The HKTDC 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.hktdc.com

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