The "Hong Kong -- Guangdong Business Conference US 2005", jointly sponsored by the Hong Kong and Guangdong authorities, will be held in San Francisco, the United States, on Friday.

It is the first time that China's Hong Kong Special Administrative Region (HKSAR) government and the People's Government of Guangdong Province join their efforts for investment promotion in the US.

HK Financial Secretary Henry Tang and the Governor of the Guangdong Province Huang Huahua will lead a delegation comprising senior government officials and business leaders from Hong Kong and 21 major cities of Guangdong Province to attend the event, according to a HK government press release Monday.

The business conference will discuss the attractive trade and investment opportunities in the Greater Pearl River Delta, Guangdong and Hong Kong for US business.

The event will also present the promising prospects for further economic development in these regions and the opportunities for US companies. More than 700 top US corporate executives are expected to attend the event.

Henry Tang said before departing for San Francisco that the joint promotion was an excellent demonstration of the growing and mutually beneficial cooperation between Hong Kong and Guangdong.

"At the business conference, we will highlight to US companies the unique business opportunities that Hong Kong and Guangdong together will present to them," Tang said.

(Xinhua News Agency October 11, 2005)