17

28.

Chinese

I believe it is

Government will come

quite possible that the

to perceive that the long

term value of Hong Kong as a Special Administrative

Region with a high degree of autonomy lies in the

on-going development of its sophisticated and highly

experienced commercial, mercantile and financial

infrastructure based on the twin concepts of the market

mechanism and the free enterprise system, combined with

minimum regulatory systems and free movements across the

exona ges. If Hong Kong is enabled to fulfil what I

believe to be its ultimate destiny to be the regional

capital city of the Far East - then the Hong Kong SAR

will have acquired an additional dimension beyond the

dreams of those who negotiated the Sino-British

Agreement.

1

29.

preserve

It goes without saying that, whereas to

the prosperity and stability of Hong Kong in

its present dimension, the importance of the basic

policies elaborated by the Chinese Government for the

Hong Kong SAR in Annex I to the Joint Declaration is

self-evident, the continuing observance of these

policies, would take on a special significance in the

context of this additional dimension.

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