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In his 2009-10 Policy Address, Chief Executive Donald Tsang set out strategies for Hong Kong to break new ground in economic development and sustainable growth.
Mr. Tsang said the global economic crisis had underscored the need for Hong Kong to diversify its economic base in areas that complemented the traditional pillar industries of financial services, tourism, trade and logistics and professionals services.
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Hong Kong remains the world's freest economy according to the findings of the Economic Freedom of the World: 2009 Annual Report released in September by the Cato Institute. This marks the 13th consecutive year Hong Kong has topped the ranking.
The Economic Freedom of the World report measures the degree to which the policies and institutions of economies are supportive of economic freedom.
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To further enhance cultural ties between the east and the west, the Hong Kong Economic and Trade Office, San Francisco (SFETO) sponsored and participated in the San Francisco International Dragon Boat Festival.
Speaking at the festival’s opening ceremony, Mr. Jeff Leung, Director of the SFETO said “Like here in San Francisco, the traditional dragon boat races in Hong Kong attract huge crowds.
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The Hong Kong Economic and Trade Office in San Francisco (SFETO) helped celebrate Hong Kong cinema at the 29th Hawaii International Film Festival as five Hong Kong movies were screened at the festival. John Woo’s film, “Red Cliff” was selected as the festival’s Centerpiece film.
About 100 government officials, film makers, industry leaders attended “A Celebration of Hong Kong Cinema” gala reception in Honolulu, Hawaii.
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