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Medvedev in Hong Kong for advanced expertise in financial market and state governance

Author: Edwards Johnson Section: Politics
In April, President Medvedev visited Hong Kong, a special administrative region in China, to amongst others study its best practices in finance, electronic government, electrical power economy and ‘ecological consciousness.’ Consequently, Medvedev had negotiations with Hong Kong leader Donald Tsang and visited the Hong Kong Stock Exchange, one of the world’s six biggest exchanges by capitalization and third largest in Asia. 

“For us, Hong Kong’s best practices in patent rights protection and commercialization of scientific inventions are very important, while its broad experience in finances can help us with the creation of an international financial center in Moscow,” Medvedev noted. From his part, the Hong Kong leader noted that that trade turnover between partners was up by robust 63% in 2010. “Such growth requires us to establish a maximally favorable climate in our bilateral relations.”