Hong Kong Chief Executive Tung Chee-hwa on Thursday urged more Japanese companies to use the city as a business base in China, with greater opportunity expected after China enters the World Trade Organization.

At a luncheon organized by the Hong Kong Economic and Trade Office in Tokyo as part of his Japan visit, Tung said Hong Kong can serve as the financial, logistics and information center for Japanese businesses entering the Chinese market.

Once the nation enters the WTO, Tung said the Chinese trade and investment systems “will be more transparent, more business friendly and more aligned with the international legal and business practices.”

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