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TDC Chairman encourages US companies to develop into China through Hong Kong

Mr. Peter Woo, Chairman, HKTDC, addressed an audience of 320 business leaders and executives in Cincinnati, Ohio, USA, on the topic: "Hong Kong: Turning China Into Opportunity" on March 30, 2006, the last stop of his record breaking, four-day, four-city US roadshow
Governor of Minnesota, Tim Pawlenty, discusses his favourite photos in the coffee table book presented to Mr Peter Woo during his meeting on March 28, 2006, in St Paul, the state capitol of Minnesota.

Trade Development Council(TDC) Chairman Peter Woo completed a four-city event in the US between March 27 and March 30, 2006. Stopping in Los Angeles on the West Coast, and the Midwest cities of Minneapolis, Chicago and Cincinnati, his message of Hong Kong as a springboard into China resonated with a turnout of 1,300 business leaders and business executives from Fortune 500 companies and SMEs.

At the same time, Mr. Woo was recognised for his role in promoting trade relations and business development between Hong Kong and the United States from the leaders of the four states visited. As an international leader in his own right, he received proclamations from the Mayor of Los Angeles, Antonia Villaraigosa; the Honourable Tim Pawlenty, Governor of Minnesota; Rob Blagojevich, Governor of Illinois; and Bob Taft, Governor of Ohio. Together, this was the highest level of recognition ever to be received by a Chairman of the Hong Kong Trade Development Council.

The audience at each city gathered at the networking events to learn why Hong Kong is positioned as a strategic launching point into the burgeoning China market. Many also leverage on this high-profile event as a strategic networking platform to connect with those interested in the China market. The keynote luncheons were co-organised and promoted by the leading business associations and chambers of commerce in each city. In addition, the US Dept of Commerce, Commercial Service, and the U.S. Chamber of Commerce also lent their support. In total, 45 organizations and offices participated as co-organisers and supporting organisations to the keynote luncheon series.

A record audience turnout of 1300 was achieved over the four-day period: on Monday, March 27, 2006, 430 attended in Los Angeles; 250 attended in Minneapolis, on Tuesday, March 28, 2006; 310 attended in Chicago on March 29, 2006, and 320 attendees in Cincinnati on March 30, 2006.

During the lively Q&A sessions that followed Mr. Woo's presentations, the audience displayed a readiness to enter the China market while concerned with the issues of risk management, financial transactions and intellectual property rights for their products and services.

In his meetings with the various leaders of state, Mr. Woo's dialogue explored the challenges to grow international trade between Los Angeles and Hong Kong; opportunities for bilateral cooperation in Minnesota's sectoral strengths, including bio-tech, medical equipment and chemicals; bringing business delegations from Illinois and Ohio to the World SME Expo in Hong Kong.

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