5
9.
WE HAVE ALSO IN HONG KONG THE KIND OF ECONOMY
WHICH IS FAMILIAR TO US BUSINESSMEN AND IN WHICH THEY
CAN FEEL AT HOME PERSONALLY AND IN THEIR BUSINESS
ACTIVITIES. THIS ECONOMY IS OPEN AND MARKET ORIENTED.
THE GOVERNMENT SEEKS TO INTERVENE ONLY WHERE PRUDENT
REGULATION AND THE GOOD NAME OF HONG KONG SO REQUIRE. BUT IT ALSO SEEKS TO ENSURE THE PROVISION OF
AN EFFICIENT BUSINESS ENVIRONMENT AND SUPPORTING
INFRASTRUCTURE.
THESE INCLUDE GOOD COMMUNICATIONS, AN
EFFICIENT PORT AND AIRPORT, A STABLE CURRENCY FREE FROM
EXCHANGE CONTROLS, A LOW TAX REGIME AND AN ESTABLISHED
LEGAL AND JUDICIAL SYSTEM.
10.
HONG KONG HAS A WELL UNDERSTOOD LAW OF
CONTRACT IN WHICH THE BUSINESS COMMUNITY HAS
CONFIDENCE. AND THERE WILL BE ESTABLISHED IN HONG KONG
IN THE NEXT FEW MONTHS AN INTERNATIONAL ARBITRATION
CENTRE, THE FIRST OF ITS KIND IN THE REGION.
THIS
CENTRE SHOULD ENHANCE THE STANDING OF HONG KONG AS A
REGIONAL BUSINESS CENTRE.
11.
ANOTHER DEVELOPING ARM OF HONG KONG'S
UNTIL RECENTLY, HONG
SERVICES SECTOR IS INSURANCE,
KONG'S POTENTIAL AS AN INSURANCE AND REINSURANCE CENTRE
HAD BEEN LIMITED BY THE RELATIVELY LOW-LEVEL REGULATION
OF THE MARKET. HOWEVER, RECENT LEGISLATION, ENACTED
WITH THE SUPPORT OF THE INSURANCE INDUSTRY, HAS LED TO
/THE