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"By the end of September 1995, about 350 organisations and 2,000 individuals have become subscribers to the Charter. It is never late to join." Mr Li said

The act of subscribing indicates the subscriber's desire to uphold the ideals in the Charter and it is also a promise to further the well-being of youths, in accordance with the spirit of the Charter.

Enquiries about the review conference can be directed to the Secretariat of the Commission on Youth on 2835 1929.

End/Friday, October 20, 1995

Consultancy study on software industry completed

There is a potential for Hong Kong's software industry to grow, according to a consultancy study on the trade, the Chairman of the Information Technology Committee (ITC) of the Industry and Technology Development Council (ITDC), Mr KK Yeung, said today (Friday).

Speaking at a press conference announcing the findings of the study, Mr Yeung said: "This is reflected in the fact that the present contribution of Hong Kong's software industry to GDP is only 0.044 per cent while the corresponding figure in US is 0.75 per cent, which is 17 times bigger.

"On the other hand, however, the local vanguard industries like banking, non- banking financial services, transportation, wholesale and retail together form a very sophisticated user base that demands persistent improvement in process and operating efficiency, underlining the importance of and demand for information technology.

"When compared with its other Asian competitors, Hong Kong has stronger market linkage to these sophisticated users and is therefore better positioned to take advantage of this market," he said.

Mr Yeung said the consultants had pointed out that while there were many opportunities for targeting the vanguard industries both locally and regionally for further development, the "packaged software" sector had greater potential for growth than the traditional custom software and software distribution which Hong Kong was currently good at.

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