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27
WEDNESDAY, NOVEMBER 4, 1992
RESOURCES
"THUS INSTEAD OF REGULATIONS, CONTROLS AND SO-CALLED 'NATIONAL ·
MY GOVERNMENT PLANNING,
SEES ITS ROLE IN HUMAN
AND
90 INFRASTRUCTURAL DEVELOPMENT AS WELL AS OTHER DEVELOPMENTAL SUPPORT THAT THEY DO NOT LAG BEHIND OPPORTUNITIES; ENFORCEMENT OF EQUITABLE BUSINESS LAWS INCLUDING THOSE WHICH CONCERN THE PROTECTION OF
AND INTELLECTUAL PROPERTY; MAINTENANCE OF A LOW
STABLE TAX REGIME; ENSURING THE FREE FLOW OF CAPITAL AND GOODS; KEEPING ΤΟ PRUDENT FISCAL POLICIES AND SO ON, HE SAID.
11
MR HO SAID THESE INITIATIVES HAD PAID OFF.
"WE HAVE AN INTELLIGENT, VERSATILE AND
PRODUCTIVE AND HIGHLY
MOTIVATED WORKFORCE.
IN EVERY
SERVICES
"THERE HAS BEEN ACTIVE PRIVATE SECTOR PARTICIPATION LINE OF BUSINESS, INCLUDING FINANCIAL AND TELECOMMUNICATIONS OF THE HIGHEST STANDARDS. THIS AGAIN IN TURN REINFORCES ECONOMIC GROWTH AND PROSPERITY IN HONG KONG,
BUT
"IN SUM WE DO NOT OFFER MATERIAL INVESTMENT INCENTIVES WE TREASURE THE BUSINESS FRIENDLY ENVIRONMENT WHICH WE HAVE CREATED THROUGH THE UNIQUE ECONOMIC INSTITUTIONS OF HONG KONG," HE SAID.
A
GAVE MR HO SAID THE OPENING UP OF CHINA IN 1979
HONG KONG NEW IMPETUS IN ITS ECONOMIC DEVELOPMENT WITH HONG KONG BUSINESS CARRYING ON MANUFACTURING ACTIVITIES ACROSS THE BORDER IN GUANGDONG.
"THIS HONG KONG/GUANGDONG PARTNERSHIP NOW HAS A SUCCESSFUL
THAN TRACK RECORD OF MORE
13 YEARS, DRIVEN
BY ENTIRELY
ECONOMIC
FORCES, HE SAID.
中
MR HO SAID THE VERY CLOSE ECONOMIC RELATIONSHIP BETWEEN HONG KONG AND CHINA HAD PLACED HONG KONG IN
то A UNIQUE POSITION CONTRIBUTE TOWARDS CHINA'S ECONOMIC DEVELOPMENT WHILE FURTHERING ITS
OWN.
HE SAID THE OPENING UP OF CHINA AS A MARKET AND A SOURCE OF LABOUR AND LAND SUPPLY FACILITATED THE FURTHER UPGRADING AND TRANSFORMATION OF HONG KONG'S ECONOMY.
NOT ONLY ΤΟ
SUCH AS
"THE FLOURISHING RE-EXPORT TRADE BRINGS BUSINESS OUR IMPORT AND EXPORT TRADERS, BUT ALSO OUR SERVICING SECTOR TRANSPORTATION, COMMUNICATION, FINANCE AND EVEN TOURISM. THIS ENHANCES HONG KONG'S POSITION AS AN INTERNATIONAL COMMERCIAL AND FINANCIAL CENTRE.
"OUTWARD PROCESSING ACTIVITIES IN CHINA ALSO ALLOW COMPANIES TO CONCENTRATE THEIR EFFORTS IN MARKETING AND MORE CAPITAL INTENSIVE AND HIGHER TECHNOLOGY PROCESSING IN AND TO MOVE UP MARKET, HE SAID.
"F
HONG KONG DEVELOPING
HONG
KONG
/AS FAR