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TUESDAY, NOVEMBER 14, 1989
ACHIEVING BETTER UNDERSTANDINGS A MAJOR CHALLENGE
ONE OF THE MAJOR CHALLENGES THAT HONG
KONG PACES DURING THE
ANSON
1990'S IS ACHIEVING BETTER UNDERSTANDINGS WITH CHINA BASED
MRS SERVICES, TRUST. THE SECRETARY FOR TODAY
TUESDAY).
ECONOMIC
ON MITUAL CHAN. SAID
SAID THAT FOR OUR
SPEAKING AT THE ASIAN BUSINESS FORUM, MRS CHAN THE GOOD OF HONG KONG, IT WAS IMPERATIVE THAT WE LEARNT TO MANAGE RELATIONSHIP WITH OUR FUTURE SOVEREIGN POWER.
"THE
FER LAST
MONTHS HAVE BEEN A TRYING AND SOBERING GET EXPERIENCE FOR US ALL BUT IT IS TIME TO PUT THAT BEHIND US AND TO ON WITH LIFE, SHE SAID.
AND STABLE HONG MRS CHAN POINTED OUT THAT A PROSPEROUS WAS, HAD BEEN, AND ALWAYS WOULD BE IN THE INTERESTS OF CHINA.
CURRENTLY HONG KONG AND CHINA WERE EACH OTHER'S MOST TRADING PARTNERS AND HONG KONG WAS CHINA'S MOST IMPORTANT FOREIGN EXCHANGE AND EXTERNAL INVESTMENT, SHE POINTED OUT.
"THIS DOES NOT, HOWEVER, MEAN THAT THERE IS NOT TO IMPROVE OUR RELATIONSHIPS, SHE ADDED.
KONG
IMPORTANT SOURCE OF
SCOPE FOR
US
IN
DEMONSTRATED
SHE SAID THE AMBITIOUS PROGRAMMES ANNOUNCED BY THE GOVERNOR HIS OPENING ADDRESS TO THE LEGISLATIVE COUNCIL CLEARLY THE GOVERNMENT'S COMMITMENT TO BUILDING FOR THE FUTURE.
PRAGMATISM AND""
"OUR INNATE GOOD SENSE. OUR UNDAUNTING SPIRIT,
THROUGH RESILIENCE HAVE SEEN US
PREVIOUS TRIALS AND TRIBULATIONS. THEY WILL DO SO AGAIN," SHE SAID.
FINANCIAL
INNOVATIONS
FINANCIAL
TURNING TO THE ROLE OF HONG KONG AS A MAJOR REGIONAL
MRS CENTRE,
CHAN SAID THAT SINCE THE
EXPANSION IN MID-1970'S.
AND THE REGIONAL ECONOMIC ACTIVITY
GLOBAL LIBERALISATION OF FINANCIAL MARKETS HAD ALL FACILITATED THE GROWTH HONG KONG'S FINANCIAL SECTOR.
J
ECONOMY
OF
"THE OPENING UP OF CHINA'S
HAS PRESENTED ADDITIONAL HAS BUSINESS OPPORTUNITIES FOR HONG KONG'S FINANCIAL INSTITUTIONS AND
ELSEWHERE TO OPERATE IN ALSO ATTRACTED FINANCIAL INSTITUTIONS FROM HƯNG FONG.
FINANCIAL "NOTWITHSTANDING COMPETITION FROM OTHER
CENTRES IN THE PROSPECTS FOR FURTHER THE REGION, SUCH AS TOKYO AND SINGAPORE,
FINANCIAL SECTOR ARE DEVELOPMENT OF HONG KONG'S
ENCOURAGING," SHE
SAID.
"WE
SHALL NEVERTHELESS
DEVELOPMENT ELSEWHERE TO ENSURE ATTRACTIVE AND COMPETITIVE REGIONAL
NRED HONG
TO KERP A WATCHFUL EYE KONG CONTINUES TO REMAIN FINANCIAL CENTRE,
ON AN
H
SHE
POINTED.
OUT.
/MRS CHAN
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