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Transcript of FS's media session

Following is the transcript of remarks by the Financial Secretary, Mr Donald Tsang, on CT9 when questioned by the media at the doorstep of the Central Government Offices this (Tuesday) afternoon:

Question: What is the latest development of the CT9?

FS: The consortium has come to an agreement on how the various berths of the CT9 should be best utilised and we are discussing, putting this proposal to the Chinese side and we hope to bring this matter to finality at the next Joint Liaison Group meeting.

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37th JLG meeting to be held in Peking

The thirty-seventh meeting of the Sino-British Joint Liaison Group on Hong Kong will take place in Peking from September 17 to 19.

The British team will be led by the Senior Representative, Mr Hugh Davies. The other members of the British team will be the Secretary for Constitutional Affairs, Hong Kong Government, Mr Nicholas Ng; Counsellor, Office of the British Senior Representative, Sino-British Joint Liaison Group, Mr Alan Paul; and Political Adviser, Hong Kong Government, Mr Robert Peirce.

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HK's monetary system to remain independent after 1997

The Chief Executive of the Hong Kong Monetary Authority (HKMA), Mr Joseph Yam, today (Tuesday) reassured international banking and investment community of Hong Kong's monetary autonomy after 1997.

Mr Yam was speaking at a seminar - Hong Kong's Monetary Arrangements through 1997 - organised by the Bank of England in London and chaired by its Governor, Mr Eddie George.

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