WEDNESDAY, OCTOBER 5, 1994
19
BUSINESS INITIATIVE AND INVESTMENT TO BE ENCOURAGED
THE RT
THE GOVERNMENT WILL CONTINUE TO MAKE A SUBSTANTIAL CONTRIBUTION TO
ENHANCING HONG KONG'S BUSINESS ENVIRONMENT, THE GOVERNOR, HON CHRISTOPHER PATTEN, SAID.
IN HIS POLICY ADDRESS TO THE
HE (WEDNESDAY),
ANNOUNCED THE FOLLOWING INITIATIVE AND INVESTMENT:
COUNCIL LEGISLATIVE
то PROGRAMMES
TODAY ENCOURAGE
*
NEW INCENTIVES WILL BE PROVIDED TO UPGRADE TECHNOLOGY STANDARDS IN MANUFACTURING. THESE MEASURES INCLUDE PLANS TO WHICH PROVIDE, BY 1996, 70 HECTARES OF LAND FOR INDUSTRIES CANNOT USE MULTI-STOREY BUILDINGS, AS WELL AS MORE SPACE FOR NEW TECHNOLOGY-BASED BUSINESSES;
HONG KONG'S CAPACITY FOR ADVANCED RESEARCH WILL BE EXPANDED. COMMITTEE YEAR, THE UNIVERSITY AND POLYTECHNIC GRANTS THIS HAS
67 PER ALLOCATED $260 MILLION FOR RESEARCH PROJECTS,
WILL BE CENT MORE THAN LAST YEAR, NEXT YEAR, $50 MILLION PROVIDED TO ESTABLISH AN APPLIED RESEARCH CENTRE WHICH PROMOTE JOINT PROJECTS WITH CHINA'S INSTITUTES;
LEADING
WILL
RESEARCH
FIVE YEARS KONG NEEDS;
* TRANSPORT INFRASTRUCTURE WILL CONTINUE TO BE UPGRADED.
GOVERNMENT PLANS TO SPEND ABOUT $30 BILLION OVER
ON CREATING THE MODERN ROAD SYSTEM
THE
THE
NEXT
WHICH
HONG
*
APPROVALS.
IMMIGRATION PROCEDURES WILL BE FURTHER SIMPLIFIED TO SPEED UP THE PROCESSING OF VISA
AND APPLICATIONS ANYTHING WHICH FACILITATES TRAVEL FACILITATES BUSINESS; AND
THE
PAPERWORK IN FOREIGN TRADE WILL BE REDUCED. FROM 1996, NEW COMMUNITY ELECTRONIC TRADING SERVICE WILL ENABLE BY BUSINESSES TO COMPLETE KEY IMPORT AND EXPORT PROCEDURES COMPUTER.
MR PATTEN SAID EVERY MEMBER AND EVERY POLITICAL GROUP LEGISLATIVE COUNCIL RECOGNISED THAT THE BUSINESS COMMUNITY ENGINE OF HONG KONG'S ECONOMIC SUCCESS.
IN THE WAS THE
"I THINK WE ALL RECOGNISE THE IMPORTANCE OF THE BUSINESS SECTOR
то CONTINUING
PLAY A FULL PART IN GOVERNMENT POLICY-MAKING NO CONTRIBUTING
FULLY LESS
TO THE WIDER
OF PROCESS DISCUSSION AND DEBATE.
AND
POLITICAL
"WE MUST ENSURE THAT THE
DEMOCRACY IN HONG KONG DOES NOT LEAD TO TENSION
OUR WEALTH AND THOSE WHO VOTE FOR CREATE SPENDING AND OUR LAWS.
"WITH
UNDERSTANDING ON BOTH SIDES, THERE IS NO REASON
SHOULD," HE SAID.
STEADY, PROMISED DEVELOPMENT
OF
OUR
THOSE BETWEEN TAXES,
WHO OUR PUBLIC
WHY IT
/20
·