Secretary for Constitutional and Mainland Affairs Stephen Lam Sui-lung hopes Taipei will start a new era of improved cross-strait relations under Ma Ying-jeou and prepare to implement the 'three links' - direct trade, transport and communications.
Mr Lam said Hong Kong had been promoting ties with Taiwan across a spectrum of political contacts.
'Our hope is that, following this election, the Taiwanese side will actively promote cross-strait relations and be positive towards the idea of the three direct links being introduced,' he said.
'As far as Hong Kong is concerned, we may in the short term see a slight reduction in tourism arrivals from Taiwan.
'But in the long run, if the economy across the Taiwan Strait expands, there will be additional opportunities for Hong Kong.'
About 100 members of the Hong Kong Back-up Group for Ah-jeou, which supported Mr Ma, celebrated his success in Fanling last night.