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MONDAY, DECEMBER 6, 1993
HK CAN BE MERCHANT BANK TO CHINA: GOVERNOR
HONG
PART SAME
IN THE HAS KONG
THE POTENTIAL TO PLAY THE DEVELOPMENT OF CHINA'S ECONOMY AS NEW YORK PLAYED IN THE GROWTH OF THE UNITED STATES* ECONOMY A CENTURY AGO, THE GOVERNOR, CHRISTOPHER PATTEN, SAID TODAY (MONDAY).
THE RT HON
"THE MERCHANT BANK TO CHINA IF YOU LIKE," MR PATTEN THE OPENING OF THE ASIA PACIFIC ISSUERS AND INVESTORS FORUM.
FOR
SAID
SAID, AT
IT WAS WAS MAINTAINED:
INDIVIDUAL
GOVERNOR HOPE
THE BE REALISED, THAT
ΤΟ ESSENTIAL THAT THE FORMULA THAT MADE HONG KONG WORK FREE MARKET CAPITALISM WITHIN A RULE OF LAW THAT RESPECTED FREEDOMS AND ENFORCED CONTRACTS.
BUILT
INTERNATIONAL
ENVIRONMENT FOR
LONG ON A FIRM FOUNDATION INHERITED FROM TRADE EXPERIENCE, HONG KONG OFFERS AN IDEAL ECONOMIC THE DEVELOPMENT OF AN INTERNATIONAL FINANCIAL CENTRE, HE SAID.
ASIA
MR PATTEN SAID HONG KONG'S TREMENDOUS ECONOMIC ACHIEVEMENTS WERE MADE WITH THE HELP OF THE STRONG GROWTH OF ECONOMIES IN THE PACIFIC REGION.
HE SAID: "NOTABLY, OUR TRADE WITH OTHER ASIAN ECONOMIES GREW BY 24 PER CENT IN THE PAST YEAR, EVIDENCE OF THE GROWING INTERCHANGE BETWEEN ECONOMIES INSIDE THE REGION.
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THE
IS WELL- INTERNATIONAL
HONG KONG NOW HAS A WORLD-CLASS EQUITY MARKET WHICH
AND WORTH THE RESPECT AND ATTENTION OF REGULATED, FINANCIAL COMMUNITY.
MARKET HAS
THE BEST
MR PATTEN SAID: "THE FUNDAMENTAL SOUNDNESS OF THE BEEN SHOWN BY THE FACT THAT, DESPITE THE OCCASIONAL AND FAIRLY REGULAR
BEEN IN THE SQUALLS
POLITICAL FRONT, OURS HAS PERFORMING STOCK MARKET IN THE WORLD THIS YEAR.
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POSSIBLY
HE
ADDED THAT THIS REFLECTED THE CONFIDENCE OF BOTH LOCAL OVERSEAS ISSUERS AND INVESTORS IN THE MARKET, UNDERPINNED NOT ONLY STRONG ECONOMIC FUNDAMENTALS, BUT ALSO AS A RESULT OF A MUCH REGULATORY FRAMEWORK AND RISK MANAGEMENT SYSTEM.
AND
BY
IMPROVED
DON'T MISS HUGE OPPORTUNITIES HERE: GOVERNOR
THERE
THE GOVERNOR, THE RT HON CHRISTOPHER PATTEN,
WERE HUGE OPPORTUNITIES FOR MANUFACTURING
SAID TODAY
SECTOR
IN
(MONDAY) HONG KONG.
TOLD HIS
"AND I AM CONFIDENT YOU WILL SEIZE THEM, MR PATTEN AUDIENCE AT THE PRESENTATION CEREMONY OF THE 1993 GOVERNOR'S AWARD FOR INDUSTRY.
/HE SAID