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April 22, 2009
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- Go with the flow on shipping
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- Diana Lee
The Standard-
- Hong Kong should push to become a global maritime trading centre
as the international shipping industry gravitates from Europe to
Asia, according to an influential think tank.
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In its latest report, the One Country Two Systems Research Institute
says Hong Kong should also set up a shipping exchange - modeled on
London's Baltic Exchange - where vessel owners and brokers can
transact and collect information while paying tax dollars into Hong
Kong's coffers.
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Think-tank head and Executive Council member Leung Chun-ying said
that, despite Shanghai already setting up an exchange, Hong Kong has
advantages in language skills, management, professional services and
the rule of law
......
Read more on The Standard
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