Press Release

Appointment of Hong Kong, China's Representative to ABAC
Monday, December 28, 2009

The Government today (December 28) announced the appointment of Mr Vincent Lo, Chairman of Shui On Holdings Limited, as Hong Kong, China's representative to the Asia Pacific Economic Cooperation (APEC) Business Advisory Council (ABAC), starting from January 1, 2010, until the end of 2011.

Mr Lo will replace Dr Raymond Ch'ien, Chairman of MTR Corporation Limited, who has served on ABAC since 2004. Hong Kong, China's other incumbent representatives to ABAC are Managing Director of Jardine Matheson Group Mr Anthony Nightingale, and Chairman of PCCW Limited Mr Richard Li.

Speaking highly of the service rendered by Dr Ch'ien, the Secretary for Commerce and Economic Development, Mrs Rita Lau, said, "The Government is very grateful to Dr Ch'ien for his wise counsel and active participation as Hong Kong, China's representative to ABAC for the last six years. His contributions had been held in high esteem, and had helped raise Hong Kong's profile in ABAC."

"We also warmly welcome Mr Lo as our new ABAC representative. Together with Mr Nightingale and Mr Li, I am sure the wealth of business experience of Hong Kong's ABAC team will inject further impetus into the work of ABAC. I have no doubt that they will ensure that APEC's work continues to be relevant to the interests of the business community."

ABAC was established in 1996 as a permanent business advisory body to provide advice to APEC on business sector priorities for implementing its goal towards free and open trade and investment in the Asia Pacific region.

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