Visiting top-level delegation asks for parity with Hong Kong businesses regarding taxes and capital A request for 'a level playing field' for private Guangzhou firms wanting to invest in Hong Kong will be discussed when a high-level delegation from the Guangdong provincial capital arrives in the special administrative region today. 'We are not asking for special treatment. What we want is for our enterprises to be given the same kind of treatment as Hong Kong companies in terms of tax policies and capital,' Guangzhou Vice-Mayor Chen Mingde said ahead of the five-day visit led by Mayor Zhang Guangning . When asked whether Guangzhou businesses had been treated unfairly, Mr Chen said businessmen from the city had a different concept of preferential treatment and government intervention, and some were 'worried about what has not happened yet'. 'They think that Hong Kong companies get special treatment on the mainland, so they should get the same kind of incentives that Hong Kong companies get here,' he said. Chu Chun-loong , head of investment promotion at the Hong Kong Economic and Trade Office in Guangdong, said Hong Kong investment officers were often asked about the incentives for investing in Hong Kong when abroad. 'Our answer is that Hong Kong itself is one big incentive,' Mr Chu said. 'We ask them to give us their wish list and we tell them that we already have everything on that list and better ... except cheap land.' He said mainland companies did not know what Hong Kong had to offer or how to best make use of the city, so his office had a lot of explaining to do. 'We produce brochures and a website in simplified Chinese characters and we speak Putonghua. We encourage them to get in touch with us so that we can introduce Hong Kong to them on an individual basis,' he said. Statistics show that only 84 Guangzhou companies have invested in Hong Kong, with total contracted investment of US$220 million. Beijing is encouraging private companies with the potential to invest in Hong Kong, while Hong Kong itself is hoping that these companies will use the city as a springboard to expand overseas. Mr Chen also spoke of the possibility of establishing a mechanism for more regular contacts and co-operation between the two cities. Mr Zhang's entourage, which includes several vice-mayors and more than 200 businessmen, is the highest-level delegation from Guangzhou to visit Hong Kong. The delegation is bringing 50 projects valued at US$1.68 billion to be signed in Hong Kong, but a government official said it was not the value of the projects that was important. 'What is more significant is the strengthening of our relationship and co-operation,' she said.