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CONFIDENTIAL
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most probably
also in 1994.
Nevertheless, marketing
efforts in Hong Kong remained intensive. In a move to curb
property speculation, а number of measures have
announced recently to tighten up the management disposal of land in China (22).
(b) China's investment in Hong Kong
been
and
31.
Notwithstanding rumours
about cutting back,
investment activities of China-interest companies in Hong
Kong continued at a high level in recent months. A couple
of notable examples are given below:
(22) These measures were announced by Vice Premier Zou
Jiahua at a national conference development held on 13 July 1993.
follows:
(i) Land
intended
on property They are as
for capital construction purposes should all be included in the state plan.
(ii) Land disposal should be effected only with prior approval from the central or provincial government. Delegation of such power to the local authorities is not permitted.
(iii) Land should be disposed of through open Disposal via private tender should be kept to the minimum.
bidding.
(iv) Land should be properly valued before it is
put out for sale.
(v) Sales involving large tracts of land within a be carefully
development
scrutinised.
zone
should
(vi) Land transactions should be closely monitored
and management of
strengthened.
land
use
should be
(vii) Reforms on town planning and land-use planning
should be speeded up.
(viii) Land registration
streamlined.
procedures should be
(ix) Legal and administration matters related to
land transactions should be better supervised.
(x) The
collection
system in respect of land-related taxes, fees and charges should be further improved.
CONFIDENTIAL
機密