The mainland and Hong Kong must work hard to ensure that both sides benefit from any future economic partnerships, otherwise such ventures will not flourish, concurred the speakers at a recent CityU forum on regional economics.
The economic forum, Close Economic Partnership Arrangement --- Mainland and Hong Kong,
took place on 5 February and was organized by the Asia Pacific Economic Cooperation (APEC) Study Centre
of the Faculty of Business
. Participants included Professor Oliver Yau
, Associate Dean of the Faculty and Chair Professor of the
; Dr Jun Ma
, Director and Senior Economist of Deutsche Bank Hong Kong; Dr Peter K W Fong
, Principal Program Director, SPACE of the University of Hong Kong
; and Dr Charles Li Kui-wai
, Coordinator of the APEC Study Centre and Associate Professor of the Department of Economics and Finance
. Among the topics discussed were the advantages, obstacles and prospects of a close economic partnership arrangement between the mainland and Hong Kong
This economic relationship would make it easier for Hong Kong
to do business with the mainland -- but China
must also benefit from the arrangement or there will be no continuation of the relationship, said DR Fong. "It is therefore important to create a situation for both sides to get something in return. Any relationship has to be win-win," he said.
The economic forum is the first of a series to be held by the APEC Study Centre this year. An upcoming one on Budget 2002-2003 will take place in March.