US dollars. I think that the size of economy coupled with its dynamism as

the engine of economic development, a strong and prosperous Hong kong

is serving as a good model for China and herein lies a very solid and real

basis for confidence.

As regards Hong Kong's efforts for the future, I want to note

particularly the huge project of the new international airport and other

infrastructural development programmes. These programmes vividly

testify the firm determination of Hong Kong to maintain and enlarge one

of the most important source of its attractions looking towards well into

the 21 century. The building of the new airport is, I believe,important

and beneficial not only to Hong Kong but to China. I wish very much

that an early and practical solution can be found over the financial

issues so as to ensure the timely construction and completion of the

project.

Another point I want to mention as regards Hong Kong's efforts is

the recently noticeable tendency of Hong Kong companies to intend to

invest in China,in and beyond Southern China, with large-scale

development programmes often including infrastructural projects such

as roads, railways, power plants. I view this tendency as the efforts of

Hong Kong to contribute to the development of China and to make Hong

Kong all the more essential to China. The imagination,creativity and

initiatives shown by those companies are praiseworthy.

Incidentally, as for the confidence of Hong Kong, when I discuss

with people here about the future of Hong Kong beyond 1997, many

people say what worries them now is not the question of 1997. They say

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