THURSDAY, FEBRUARY 1, 1990
HONG KONG CONTINUES TO CONTRIBUTE
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HONG KONG WILL CONTINUE ΤΟ CONTRIBUTE TOWARDS THE FURTHER DEVELOPMENT OF THE ASIAN PACIFIC REGION, THE REGIONAL SECRETARY FOR HONG KONG AND KOWLOON, MR DAVID LAN, SAID IN PARIS TODAY (THURSDAY).
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ADDRESSING AN EDUCATIONAL INSTITUTE IN THE FRENCH CAPITAL MR LAN SAID THE TERRITORY, WITH ITS INFRASTRUCTURE, COMMUNICATIONS, FINANCIAL AND COMMERCIAL EXPERTISE, LOCATION AS WELL AS CONNECTIONS, HAD PLAYED AN ACTIVE PART IN THE REGION'S DEVELOPMENT.
APART FROM CONTRIBUTIONS TO THE REGION, HONG KONG WOULD REMAIN "THE MOST CONVENIENT GATEWAY" TO THE CHINESE MARKET, HE SAID.
"IT IS HARD TO SEE HOW HONG KONG'S FINANCIAL, INFRASTRUCTURAL AND LEGAL SERVICES CAN BE SURPASSED BY THOSE OFFERED BY OTHER CITIES IN THE REGION IN HELPING TO MEET CHINA'S DEVELOPMENT NEEDS,' HE NOTED.
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MR LAN POINTED OUT THAT IN SO FAR AS ECONOMIC DEVELOPMENT WAS CONCERNED, HONG KONG HAD ALWAYS MAINTAINED A CLOSE WORKING RELATIONSHIP WITH THE MAINLAND, ESPECIALLY WITH THE GUANGDONG
PROVINCE.
"HONG KONG IS NOW CHINA'S LARGEST TRADING PARTNER. HONG KONG INVESTMENTS ACCOUNT FOR AROUND 70 PER CENT OF UTILISED FOREIGN INVESTMENT IN CHINA.
"IT HAS REPORTED THAT THERE IS SUBSTANTIAL HONG KONG INVESTMENTS IN A VARIETY OF PROJECTS IN GUANGDONG, SHANGHAI AND MANY OTHER CHINESE CITIES, MR LAN ADDED.
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REFERRING TO THE LATEST
DEVELOPMENTS IN HONG KONG, MR LAN STRESSED THAT THE TERRITORY CONTINUED TO SHOW ITS "RESILIENCE, ADAPTABILITY AND RESOURCEFULNESS"
"THE MAJOR DEVELOPMENTS WHICH TOOK PLACE ON VARIOUS FRONTS IN THE TERRITORY HAVE ILLUSTRATED THAT PRUDENT BUSINESSMEN, AND OVERSEAS, ARE CONFIDENT THAT HONG KONG'S DYNAMIC ECONOMY CARRIED THROUGH INTO THE 21ST CENTURY.
T
BOTH LOCAL WILL BE
'WHILE FOREIGN INVESTMENTS AND CAPITAL CONTINUE то GROW, THE PRIVATE SECTOR IS ALSO MAKING 'SUBSTANTIAL INFRASTRUCTURAL INVESTMENTS IN THE TERRITORY, MR LAN SAID.
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THE EASTERN HARBOUR CROSSING, THE TATE'S CAIRN TUNNEL AND THE CONTAINER TERMINAL 7 WERE "LARGE INVESTMENT PROJECTS BY ANY STANDARD" AND ILLUSTRATED THE LONG-TERM CONFIDENCE OF LOCAL AND FOREIGN INVESTORS IN THE FUTURE OF THE TERRITORY AS THESE MULTI-BILLION DOLLAR PROJECTS WERE SOLELY FINANCED BY THE PRIVATE SECTOR WITH THEIR OWN FUNDS, HE SAID.
AER LAN