Premier wraps up trade mission in Hong Kong

26 July 2011

NSW Premier Barry O'Farrell wrapped up his six-day trade mission to China with an interview on CNBC's Worldwide Exchange global business program, broadcast from Hong Kong. Mr O'Farrell discussed trade and investment opportunities for NSW. Worldwide Exchange is broadcast live to more than 100 countries.

During the mission, Mr O'Farrell held high-level meetings with senior Chinese Government officials including Mr Jai Qing Lin, the fourth most senior Chinese government official, and the Mayors of Beijing and Shanghai.

In Shanghai, Mr O'Farrell witnessed the signing of a Memorandum of Understanding between the China Development Bank and the NSW Government. The agreement will promote Chinese investment in and development of major projects in NSW.

At a policy roundtable at the Shanghai Jiao Tong University, Mr O'Farrell attended the signing of a research Memorandum of Understanding (MOU) between KPMG and the University of Sydney's new China Studies Centre to create unique business intelligence reports for engaging with China.

Mr O'Farrell said: "It is my conviction that the people-to-people links between NSW and China will help to imagine and then to develop the next generation of economic opportunities - in industries of the future that rely upon high levels of creativity, technology and innovation."

In Guangzhou, Mr O'Farrell reaffirmed the NSW-Guangdong Sister-State relationship, established 32 years ago.

Mr O'Farrell was accompanied on the mission by senior leaders from key NSW sectors: financial services, education, infrastructure and resources.