18
WEDNESDAY, OCTOBER 5, 1994
THE GOVERNOR SAID HONG KONG MUST CONTINUE TO PROVIDE THE POSSIBLE ENVIRONMENT FOR BUSINESS.
BEST
"TRADE, INVESTMENT AND THE BUSINESS ALWAYS, AT THE TOP OF THE GOVERNMENT'S AGENDA."
REMAIN, COMMUNITY
AS
0
GOVERNOR PLEDGES TO PROMOTE FAIR AND EFFICIENT MARKETS
THE
WILL DO ALL IN ITS POWER TO PROMOTE GOVERNMENT EFFICIENT MARKETS, TO DEFEAT THE SPECULATOR AND TO PROTECT
THE RT HON CHRISTOPHER
TOLD CONSUMER, THE GOVERNOR,
PATTEN, LEGISLATIVE COUNCIL.
FAIR
AND
THE
THE
INCREASING INDUSTRY,
"WE WILL CONTINUE TO MAKE BUSINESS OPERATIONS MORE EFFICIENT BY
LEVEL THE
OF
IN COMPETITION
THE TELECOMMUNICATIONS
"
TO FOR
STAND EXAMPLE, OVER A
CUSTOMERS MILLION POTENTIAL
PHONE OPERATOR LICENCES ARE BENEFIT NEXT YEAR WHEN SIX MORE MOBILE ISSUED.
ON BANKING COMPETITION, THE GOVERNMENT HAS RESPONDED TO THE CONSUMER COUNCIL'S RECOMMENDATIONS.
ALTHOUGH
PROMPTLY
LIBERALISATION MUST BE BALANCED AGAINST REQUIREMENTS OF BANKING AND MONETARY STABILITY, THE PUBLIC STANDS BENEFIT FROM THE PHASED REMOVAL OF THE INTEREST CAP ON TIME MR PATTEN SAID.
FUNDS WILL BE PROVIDED NEXT YEAR FOR THE CONSUMER HELP UP A NEW TRADE PRACTICES DIVISION WHICH WILL COMPETITION.
SET
THE TO
DEPOSITS,
COUNCIL TO
TO PROMOTE
THE REPORTS "WE WILL RESPOND PROMPTLY AND CONSTRUCTIVELY TO
RESIDENTIAL PROPERTY WHICH THE CONSUMER COUNCIL IS PREPARING ON THE
AND ON MARKET, ON SUPERMARKETS, ON TELECOMMUNICATIONS, ON GAS SUPPLY BROADCASTING, HE SAID.
It
KONG FOURTH THE 1994 WORLD COMPETITIVENESS REPORT RATED HONG AMONG THE WORLD'S MAJOR ECONOMIES, AHEAD OF EVERY EUROPEAN COUNTRY.
"WE HAVE DONE MUCH BETTER THAN MOST OF THE WORLD IN BUSINESS EFFICIENCY AND THE FULL PLAY OF MARKET FORCES.
"NEVERTHELESS, FACED WITH RENEWED INFLATIONARY MUST IMPROVE ON THIS PERFORMANCE, HE SAID.
||
PROMOTING
PRESSURES,
WE
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