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Opinion | When Jiang Zemin showed the world that Hong Kong meant business

  • Twenty one years ago, then-president Jiang agreed to attend a business forum here, giving InvestHK a great start – and showing the world that Hong Kong had China’s full backing

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Then-president Jiang Zemin (front row, centre) and chief executive Tung Chee-hwa (front row, second from right) take part in a photo session with delegates at the Fortune Global Forum on May 8, 2001, at the Hong Kong Convention and Exhibition Centre. Photo: Handout
I have fond memories of president Jiang Zemin, who died last week at the age of 96. Though he did not know it, he had a great influence on my life and career.
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In July 2000, I had been asked to set up a new government department, InvestHK, to attract businesses from around the world to set up in our city. It was a challenging assignment.
The images of Hong Kong over the three previous years that lingered in foreigners’ minds were largely negative: the armoured vehicles of the People’s Liberation Army crossing the border in the early hours of July 1, 1997 in the pouring rain; the last British governor sailing away; the chicken cull to deal with bird flu (remember the CNN film of chickens struggling in plastic bags while hungry dogs tried to break them open?); and the East Asian economic crisis.

Everywhere we went in those early months, these were the things businesspeople remembered and asked about.

Around that time, a representative of Fortune magazine was passing through Hong Kong on his way to another city in Southeast Asia, hoping to negotiate a contract to host the 2001 Fortune Global Forum. The event in those days was annual, alternating between Europe and Asia, and had been held in several cities around the region but never before in Hong Kong.
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In 1999, it had been held in China for the first time to coincide with the 50th anniversary of the founding of the People’s Republic. The Shanghai forum was spectacularly successful, with the president and many senior officials attending, plus hundreds of top business leaders from around the world.

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