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The Service Economy

Leaders from government, business and universities, together with politicians and journalists, got together for the February 9 Penta Forum to brainstorm ideas on improving Hong Kong's service economy.

Speaking at the opening ceremony, the Financial Secretary, Henry Tang, emphasised that Hong Kong must continue to harness its strengths to capture new growth opportunities. Although we are starting 2004 on a strong note with major economic indicators, local and global alike turning for the better, he cautioned against becoming complacent and urged businesses to seek out opportunities.

"Among these opportunities is of course CEPA. We have been in close liaison with the Mainland to ensure a smooth, timely and effective implementation of CEPA. Both sides are determined to resolve any difficulties and bottlenecks expeditiously to allow our businesses or our service industries to reap the most benefits," he said.

At each of the discussion sessions at the forum, presenters outlined current challenges and set the scene for prompt discussion and debate, and then reported on possible solutions thrown up by participants at the evening forum in Government House. 

This was the sixth such forum to take place, and was jointly organised by the Hong Kong Coalition of Service Industries of the Hong Kong General Chamber of Commerce, the Commerce, Industry and Technology Bureau, and the Faculty of Business and Economics of the University of Hong Kong.


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