Hong Kong displays interest in investments into Russian Far East.

31/8 Tass 74

HONG KONG (Xianggang), August 31 (Itar-Tass) - Hong Kong sees rising
possibilities for investments and business cooperation in the Russian Far
East, Itar-Tass learnt from head of the Hong Kong administration Donald
Tsang in his first exclusive interview with the Russia mass media on the
eve of his history's first visit to Moscow.
"Very many Chinese investors, especially from the north-eastern border
provinces of Heilongjiang and Jilin already operate in the Russian Far
East. However, that region remains yet a blank spot for most Hong Kong
exporters and investors," Tsang stated.
At the same time, according to the administration head, Hong Kong
already started displaying interest in it. Last May, secretary for
financial affairs of this Special Administrative Area of China John Tsang
visited Vladivostok on a fact-finding trip so as to study investment
opportunities. He was accompanied by over 20 heads of major companies,
specialising in diverse spheres of banking and finance, infrastructure,
logistics, etc.
"We know that the Far East is factually the only Russian region that
witnessed an economic upgrade in the crisis 2009," Tsang noted.
"Vladivostok, located in south-eastern Russia, is an important transport,
industrial, trade and financial hub of the country.
"It is also a significant city from the viewpoint of channelling
import of goods from China, Japan and South Korea. Taking into account the
fact of territorial proximity to north-eastern China, there should be also
a potential for Hong Kong in exploiting these rising possibilities for
business."
"As far as I know, Vladivostok is to translate into life nearly 40
projects in energy, transport and other infrastructure before the APEC
summit. This opens possibilities for business for Hong Kong companies,
especially in financing, logistics and real estate," he summed up.
-0-bur/gor


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