Donald Tsang invites Chilean wine investors

Hong Kong (CNS) -- Hong Kong Chief Executive Donald Tsang is encouraging Chilean wine investors interested in the Chinese mainland market to take advantage of Hong Kong's tax exemption policies, CNS reported on Saturday.

On his recent visit to the South American country, Tsang pointed out Hong Kong offers an open platform for RMB transactions, complemented by a world-class logistics network and prime geographic location.

Chile is Hong Kong's fourth largest trading partner in Latin America. Bilateral trade value grew by 12.4 percent per year between 2007 and 2011. A free trade agreement is in the planning stages.

Chile exported US$ 17 million worth of wine to Hong Kong in 2011, becoming the latter's seventh most important wine trader.

Tsang also invited Chilean companies to go public in Hong Kong.