THURSDAY, MARCH 28, 1985
31
HK EXPERTISE SEEN OF VALUE TO CHINA
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THE LEGAL AND FINANCIAL SERVICES AND EXPERTISE WHICH HONG KONG WAS ABLE TO OFFER WOULD BE OF GREAT VALUE TO CHINA IN THE PURSUIT OF HER AMBITIOUS MODERNISATION PROGRAMME.
THIS WAS STATED BY THE ATTORNEY GENERAL, MR MICHAEL THOMAS AT THE OPENING OF THE +LEASE CHINA 1985+ CONFERENCE JOINTLY ORGANISED BY THE HK EQUIPMENT LEASING ASSOCIATION AND THE INSTITUTE FOR INTERNATIONAL RESEARCH TODAY (THURSDAY).
THE DEVELOPMENT OF HONG KONG AS A WORLD CLASS LEGAL AND FINANCIAL CENTRE HAD BEEN THE MOST SIGNIFICANT CHANGE IN THE HONG KONG ECONOMY IN THE LAST TWELVE YEARS OR SO, HE SAID.
+1 SEE THIS CONFERENCE BOTH AS IMPORTANT EVIDENCE OF THE GROWTH OF OUR FINANCIAL CENTRE AND AS A VITAL SIGN THAT THE WILL AND ENERGY EXISTS TO CONTINUE DEVELOPING HONG KONG FOR THE BENEFIT OF HONG KONG AND CHINA, + MR THOMAS SAID.
HE SAID THE IMPORTANCE OF THIS CONFERENCE COULD BE SUMMED UP IN ONE WORD: +EXPERTISE+.
+EXPERTISE IN LEASING INVOLVES SPECIAL IST LEGAL EXPERTISE AND SPECIALIST FINANCING EXPERTISE AS WELL AS A PENETRATING KNOWLEDGE OF MARKETS, TAX LAWS AND THE NEED OF CUSTOMERS.
+ALONG WITH OTHER AREAS OF EXPERTISE IN MANAGEMENT FINANCE INVESTMENT, ACCOUNTANCY AND COMMERCIAL LAW, IT IS AN EXAMPLE OF THE KIND OF EXPERTISE WHICH WILL ASSIST HONG KONG IN THE FUTURE,+ MR THOMAS SAID.
HE BELIEVED THAT EXPERTISE WAS ALL IMPORTANT FOR THE FUTURE OF HONG KONG.
HE NOTED THAT HONG KONG'S RELATIONSHIP WITH THE PEOPLE'S REPUBLIC OF CHINA HAD BEEN A VITAL ELEMENT IN HONG KONG'S DEVELOPMENT.
THE GROWTH IN DIRECT AND ENTREPOT TRADE WITH CHINA HAD HELPED HONG KONG COME THROUGH WORLD WIDE RECESSION IN GOOD SHAPE.
+THE LEGAL AND FINANCIAL SERVICES AND EXPERTISE WHICH HONG KONG IS ABLE TO OFFER NOW THAT IT HAS DEVELOPED INTO A WORLD CLASS LEGAL AND FINANCIAL CENTRE WILL I AM SURE BE OF GREAT VALUE TO CHINA IN THE PURSUIT OF HER AMBITIOUS MODERNISATION PROGRAMME,+ MR THOMAS SAID,
+THIS NEW SOURCE OF COOPERATION, ADDED TO THE TRADITIONAL RELATIONSHIP, WILL I AM SURE CONSOLIDATE HONG KONG'S POSITION AS A MAJOR ASSET TO CHINA, HE CONTINUED.
AND THIS IN TURN PROVIDES A SOLID ASSURANCE OF SUCCESS AND PROSPERITY FOR HONG KONG OVER THE NEXT 62 YEARS.
/ANOTHER ASPECT