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  HONG KONG, Sept. 2 (Xinhuanet) -- Beijing and Hong Kong top officials have decided to forge a closer economic and trade ties between the two governments by establishing a new mechanism. 

  Liu Qi, member of the Political Bureau of the Central Committeeof the Communist Party of China (CPC) and secretary of the CPC Beijing municipal committee, and Hong Kong Chief Executive Tung Chee Hwa, as well as a number of officials from both sides, met here Thursday to seek ways of strengthening economic and trade ties between the two cities.

  The two sides pledged to seize the business opportunities created by the Chinese mainland/Hong Kong Closer Economic Partnership Arrangement (CEPA) and Beijing 2008 Olympic Games and achieve economic prosperity in the two places.

  Liu arrived in Hong Kong Wednesday for a 48-hour visit. He attended the Beijing-Hong Kong Economic Cooperation Forum which opened Thursday morning.

  Liu told the press after the meeting that the two sides had conducted positive, sincere and frank exchanges. The establishmentof the new mechanism could help the two sides cash in on the advantages of the two governments and encourage the enterprises, chambers of commerce and various social sectors to play a more active role in forging closer economic ties.

  He said within the new cooperation framework, the two sides will strengthen cooperation and coordination as well as expand more fields for cooperation, in an effort to realize mutual prosperity.

  Tung Chee Hwa said there is still much room for expanding bilateral cooperation. He said he believed the bilateral cooperation will achieve a win-win result.

  The new mechanism includes regularly holding high-level meetings between top officials of the two places, working meetingsto be attended by vice mayors and financial secretary of the Hong Kong Special Administrative Region (HKSAR), and establishing liaison offices in both places.

  The cooperation between the two places will focus on the economy and trade, talents exchange, education, culture, tourism, environmental protection and Olympic Games related economy.


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