13
I
39.
There is no reason why UK companies should not be more involved in Hong Kong, nor why UK exports should not compete successfully in our markets. Economically I see the same opportunities for UK companies as for those from other countries, and I am glad to say that over the last
year two or three of the UK's leading companies have taken the same
view. As China's modemisation programme progresses, opportunities
abound for those in Hong Kong with the ability to offer advanced
technology and services appropriate to her needs: There is a growing
tendency for intemational companies to use Hong Kong as a spring board
to expand in the region in general and into China in particular. Many
have done so with great success. There is no reason why UK companies should not share in this growth in a more significant way than at
present. I need hardly remind you that there is now a fund of goodwill
towards the United Kingdom in China and the region generally.
Conclusion
•
40.
I trust that what I have said will convince you that Hong Kong
has successfully navigated some choppy waters and now has every prospect
of a successful future. I do not pretend that that future has no
uncertainties. Given its dependence on exports and the openness of its
trading and financial systems, Hong Kong is vulnerable to changes in
the intemational economic climate. The agreement has not removed the
concems of everyone in Hong Kong about the future. There are those who still plan to wait and see. But I will maintain that, if you weigh
those uncertainties against those which affect all other parts of the
world, then Hong Kong has a more assured future than most.
41.
All the factors which have contributed to Hong Kong's economic
prosperity in the past are still present. Our economy is healthy. Our commitment to free enterprise has enabled our manufacturing industry,
our exports and our service industries, including financial services, to achieve enviable rates of growth. Our currency, now linked to the US dollar, is stable, and inflation is falling. The Government is continuing its programme of investment in the future. We shall continue to respond to the needs of our community in order to maintain a firm foundation for social stability. At the same time we shall maintain
prudent financial policies.
/42.