FS speaks on business partnership between HK and Malaysia
The Financial Secretary, Mr Donald Tsang, today (Wednesday) said he saw great potential for effective partnership to be built between the business communities of Malaysia and Hong Kong.
Speaking at a business seminar in Kuala Lumpur organised by the Hong Kong Trade Development Council, Mr Tsang said the forum provided the impetus for professionals in the two places to start and maintain a rewarding dialogue with each other and to explore the rich business opportunities that would arise in the run-up to the 21st century.
"We do not view the regional services market as a zero sum game. Instead we believe that as the market expands, service providers in Malaysia and Hong Kong will gain more than they can manage separately, if they forge an effective alliance in exploring and creating regional business," Mr Tsang said.
"I see enormous scope for a partnership to be built between service providers in different parts of the region, in which each partner contributes to create a synergy that is greater than the sum of the parts.
"Unlike goods that can be manufactured in great volume and sold all over the world, standardisation of services represents more of a challenge."
He said complex service activities, such as architecture, engineering and construction in particular, often not only involved a combination of sophisticated service components, but also vast different legal and regulatory environments, and were difficult to replicate over huge distances.
"There is a wealth of experience that professionals in Malaysia and Hong Kong, particularly in the fields of architecture, engineering and construction, can share with each other," Mr Tsang said.
He noted that Malaysia was embarking on a very ambitious development
programme.
Projects being planned or underway in Malaysia include one of the world's largest hydroelectric dams at Bakun, a new international airport and light railway for Kuala Lumpur.
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