Hong Kong has the world's busiest port and the world's busiest airport for cargo and despite its tiny size, Hong Kong is the world’s tenth largest trader And Hong Kong is one of the most competently run cities in Asia. On any number of counts—trans-port and crime are striking examples—it is the envy of any European capital.
Although the rapid growth of Shanghai will present challenges for Hong Kong, I believe that, with the strengths I have described Hong Kong is well placed to counter these challenges and develop its current clear competitive advantage further, so as to maintain its pre-eminent position in servicing Chinese business needs.
And Hong Kong is well placed to take advantage of the Pearl River Delta. With a population of nearly 70 million, a GDP of over 130 billion US $ (larger than Malaysia) and achieving growth rates of over 9%, the Delta market is the key i driver of Chinese economic and business development.
And I am upbeat about Hong Kong and its future. As long as it can maintain the rule of law, a strict anti-corruption regime and free flow of information—the very things that persuade the UK and other companies to base themselves there—I am sure that Hong Kong will continue to do well.