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WEDNESDAY, NOVEMBER 6, 1991
THEY WERE SEPARATION OF ASSETS OF THE RETIREMENT SCHEME FROM THOSE OF
EMPLOYER'S BUSINESS; PROVISION OF ADEQUATE FUNDING: DISCLOSURE OF RELEVANT INFORMATION TO MEMBERS OF THE RETIREMENT SCHEME; AND ANNUAL INDEPENDENT AUDITS.
HE SAID IMPROVEMENTS WOULD BE MADE TO THE PROVISIONS GOVERNING FUNDING ARRANGEMENTS AND THE REGISTRATION OF POOLED SCHEMES, AND MINOR PROCEDURAL MATTERS WOULD BE DEALT WITH BY WAY OF SUBSIDIARY LEGISLATION.
"WE ENVISAGE THAT THE RE-DRAFTING PROCESS WILL BE COMPLETED THE END OF THIS YEAR, HE SAID.
BY
FACILITIES AND SERVICES TO SUPPORT INDUSTRY OUTLINED
*
THE SECRETARY FOR TRADE AND INDUSTRY, MR T.K. CHAU, TODAY (WEDNESDAY) SPELT OUT THE SUBSTANTIAL INVESTMENT THE GOVERNMENT WAS MAKING IN CREATING AN ENVIRONMENT IN WHICH PRIVATE ENTERPRISE COULD FLOURISH.
SPEAKING AT THE LEGISLATIVE COUNCIL IN REPLY TO POINTS RAISED BY MEMBERS ON THE GOVERNOR'S ADDRESS, MR CHAU SAID SUCH FACILITIES AND SERVICES INCLUDED EDUCATION AND TRAINING TO MEET THE ECONOMY'S NEEDS; THE PROVISION OF INDUSTRIAL LAND; SERVICES TO HELP INDUSTRY TO UPGRADE ITS PRODUCTIVITY AND QUALITY; AND ACTIVITIES ΤΟ PROMOTE INWARD INVESTMENT IN MANUFACTURING IN HONG KONG.
**
HE ALSO SAID HONG KONG OWED A LARGE PART OF ITS ECONOMIC SUCCESS ΤΟ ITS FREE TRADE POLICY: WE MAINTAIN NO TARIFFS AND ARR OPEN ΤΟ ANY TRADING PARTNER WHO WISHES TO TRADE WITH US. FOR OVER FORTY YEARS WE HAVE FOLLOWED THE MULTILATERAL ROUTE TOWARDS THE LOWERING OF TARIFFS AND THE REMOVAL OF TRADE BARRIERS, USING THE GENERAL AGREEMENT ON TARIFFS AND TRADE (GATT) AS THE CORNERSTONE OUR EXTERNAL TRADE POLICY.
OF
WAS
MR CHAU SAID THE GOVERNMENT'S INDUSTRIAL SUPPORT PROGRAMME VERY MUCH GEARED TOWARDS HELPING INDUSTRY ΤΟ IMPROVE ITS TECHNOLOGICAL CAPABILITY.
"MANY OF THE PLACES ON OFFER IN THE TERTIARY EDUCATION TRAINING ESTABLISHMENTS ARE IN SCIENCE AND TECHNOLOGY SUBJECTS.
AND
"THE HONG KONG UNIVERSITY OF SCIENCE AND TECHNOLOGY HAS JUST OPENED ITS DOORS TO ITS FIRST INTAKE OF STUDENTS. THE HONG KONG PRODUCTIVITY COUNCIL IS ACTIVE IN ACQUIRING AND DISSEMINATING NEW TECHNOLOGIES.
INDUSTRIES;
"OUR INDUSTRIAL ESTATES CATER FOR HIGH-TECHNOLOGY THE ESTATE AT TAI PO HAS LAND SPECIALLY EARMARKED FOR VERY HIGH- TECHNOLOGY APPLICATIONS.
AND
"WORK HAS STARTED ON THE FORMATION OF A NEW INDUSTRIAL ESTATE THE THIRD AT TSEUNG KWAN 0.
/"WE ARE