Hong Kong is keen to 'one day' host a round of the FIA F1 World Championship, it is being reported.

The speculation has been sparked after Scuderia Toro Rosso driver Jaime Alguersuari took the Red Bull Show Car run to the Chinese city state this weekend, demoing a Red Bull around the streets and performing a number of short sprints, burnouts and donuts.

"This is the first step in gaining the support of the people," Wesley Wan, the city's Automobile Association president told the South China Morning Post. "We want to raise the exposure of F1 by staging this live show, and I hope it will lead to Hong Kong hosting a grand prix race one day.

"My dream is that Hong Kong, like Singapore, Malaysia and China, will be a stop on the grand prix circuit.

"And as far as a street circuit is concerned, if Monte Carlo and Singapore can have it, why can't Hong Kong?"

Wan also revealed that Hong Kong was sounded out about hosting an F1 race back in 1997, before the former British colony was returned to the Chinese. However the offer was turned down.

Meanwhile there has also been reports Argentina and Mexico could rejoin the fold in future years.

Argentina is about to build the Velociudad FIA Grade 1 circuit in Zarate, near Buenos Aires, while FIA safety delegate Charlie Whiting visited the Autodromo Hermanos Rodriguez in Mexico City recently and advised the owners of the changes required for it to come up to F1 standard. It is not known when or if these alterations will be made.

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