WEDNESDAY, NOVEMBER 5, 1986
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+APART FROM REMOVING THESE PSYCHOLOGICAL WORRIES, INVESTORS SHOULD ALSO BE GIVEN POSITIVE ENCOURAGEMENT,+ HE SAID.
NOTING THAT THE SPECIFIC REQUIREMENTS OF THE INDUSTRY ON CREDIT OR OVERDRAFT WERE SELDOM GIVEN DUE CONSIDERATION, MR WONG SAID THE SETTING UP OF AN INDUSTRIAL BANK WAS THE BEST SOLUTION.
+HOWEVER, SINCE GOVERNMENT HAS YET NO INTENTION TO SET UP AN INDUSTRIAL BANK, IT IS WORTH NOTING THAT CERTAIN BANKS IN HONG KONG HAVE ALREADY INDICATED THEIR INTENTIONS TO ESTABLISH INDUSTRIAL GROUPS TO HANDLE SUCH MATTERS, HE SAID.
MR WONG SAID HE HOPED THAT THE GOVERNMENT COULD PROVIDE POSITIVE ENCOURAGEMENT IN THIS AREA.
NOTING THAT THE PRODUCTS OF SOME OF HONG KONG INDUSTRIES HAD ACHIEVED A SLOWER GROWTH IN COMPARISON WITH THOSE OF NEIGHBOURING COUNTRIES, HE SAID WHAT THE GOVERNMENT COULD DO WAS TO STRENGTHEN THE PRODUCTIVITY COUNCIL AS WELL AS OTHER RELATED BODIES AND FACILITIES AND TO ALLOCATE MORE RESOURCES TO ENABLE THEM TO IMPLEMENT LARGE-SCALE AND INNOVATIVE PROGRAMMES.
ALTHOUGH EXPENDITURE MIGHT HAVE TO BE INCREASED CONSIDERABLY, THE GOVERNMENT COULD ALWAYS TREAT THEM AS URGENT AND SPECIAL CASES, MR WONG SAID.
ON THE SUBJECT OF ADVANCED TECHNOLOGY, HE SAID HE HOPED THE INDUSTRIAL DEVELOPMENT COMMITTEE COULD IDENTIFY PROFESSIONAL TALENTS AND PROVIDE THEM WITH THE OPPORTUNITY TO PUT WHAT THEY LEARNED INTO PRACTICE.
MR WONG ALSO ATTRIBUTED THE GOOD EXPORT GROWTH RATE TO THE EFFECTIVENESS OF THE LINKED EXCHANGE RATE SYSTEM.
A
SOUND AND EXPANDING ECONOMY CRUCIAL TO SUCCESS
*****
HONG KONG'S CONTINUING SUCCESS MUST BE BUILT ON THE BASIS OF A SOUND AND EXPANDING ECONOMY, THE HON DAVID LI STATED TODAY (WEDNESDAY).
SPEAK ING DURING THE DEBATE ON THE GOVERNOR'S ADDRESS IN THE LEGISLATIVE COUNCIL, MR LI SAID HE AGREED WITH THE GOVERNOR THAT THE FIRST AND FOREMOST OBJECTIVE OF THE GOVERNMENT WAS TO ENSURE THAT HONG KONG REMAINED PROSPEROUS AND STABLE.
MR LI WAS COMMENTING ON VARIOUS ASPECTS OF HONG KONG'S ECONOMIC AND FINANCIAL SITUATION IN HIS SPEECH.
/HE SAID