XN000022-1984-10-15 — Page 21

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MONDAY, OCTOBER 15, 1984

ENTREPRENEURS SHOULD ACT NOW

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WONG PO-YAN

STEPS MUST BE TAKEN BEFORE 1997 TO SEEK AGREEMENT AND MAKE ARRANGEMENTS WITH THE TERRITORIES AND COUNTRIES WHICH ARE OR WILL BE ASSOCIATED WITH HONG KONG REGARDING IMPLEMENTATION OF ECONOMIC AND TRADE POLICIES LISTED IN THE DRAFT AGREEMENT.

THIS WAS STATED TODAY BY THE HON WONG PO-YAN WHEN SPEAKING IN SUPPORT OF THE MOTION ENDORSING THE DRAFT AGREEMENT, IN THE LEGISLATIVE COUNCIL,

+UNDOUBTEDLY THIS IS NOT ONLY THE RESPONSIBILITY OF THE PRESENT HONG KONG GOVERNMENT AND THE SINO-BRITISH JOINT LIAISON GROUP WHICH IS SHORTLY TO BE FORMED, BUT IS ALSO THE OBJECTIVE WHICH EVERY LOCAL INDUSTRIAL AND COMMERCIAL ORGANISATION, AND INDUSTRIAL AND TRADE BODY SHOULD STRIVE FOR, HE SAID.

+1 APPEAL TO THE INDUSTRIAL AND COMMERCIAL SECTORS OF HONG KONG,

BESIDES CONCENTRATING ON THE OPERATION OF THE IR ENTERPRISES, ALSO TO STUDY CAREFULLY THE CORRESPONDING CHANGES RESULTING FROM IMPLEMENTATION OF THIS POLICY DURING THE INTERIM PER 10D AND IN THE FUTURE, SO THAT THEY CAN PROCEED WITH THE IR WORK SMOOTHLY AND ENABLE THE IR TRADE COUNTERPARTS TO HAVE A THOROUGH UNDERSTANDING OF THE SITUATION, HE SAID.

IN THE DAYS TO COME, MR WONG SAID, WE MUST MAINTAIN THE NORMAL FUNCTIONING OF ECONOMIC ACTIVITIES AND KEEP ON MAKING FURTHER PROGRESS IN ORDER TO PRESERVE PROSPERITY AND STABILITY.

HE SAID THERE WAS AN URGENT NEED TO INJECT NEW INVESTMENTS FOR THE PURCHASE OF EQUIPMENT, TO MAKE UP FOR THE DEFICIENCY IN THE PAST TWO YEARS.

+FOR THE IR OWN BENEFIT, AND TO KEEP THE IR STATUS IN THE COMPETING MARKET, LOCAL MANUFACTURERS MUST GIVE UP THE WAIT- AND-SEE ATTITUDE AND PURSUE ACTIVELY THE BOOSTING OF THEIR COMPETITIVE STATUS, HE SAID.

HE SAID HE CONSIDERED THE COMING YEAR AND THE ONE FOLLOWING TO BE A CRITICAL PERIOD. OUR ENTREPRENEURS SHOULD POSITIVELY KEEP UP THE IR ENERGIES AND THE GOVERNMENT SHOULD TAKE CORRESPONDING MEASURES TO SUPPORT THEIR EFFORTS.

HE ADDED THAT LOCAL AND FOREIGN ENTREPRENEURS IN HONG KONG WOULD HAVE A NEW AND WIDE SPHERE+ FOR THE IR ACTIVITIES SINCE CHINA WAS PURSUING A +FOUR MODERNISATIONS+ POLICY.

HE BELIEVED THAT AS A RESULT OF ECONOMIC DEVELOPMENT CHINA WOULD REQUIRE RESOURCES TO REFORM TRADE AND ENTERPRISE. AS WELL AS THE IMPORT OF SCIENCE AND TECHNOLOGY, BEYOND WHAT HONG KONG HAD.

/+IN THIS ...