XN000022-1990-10-11 — Page 3

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~

THURSDAY, OCTOBER 11, 1990

OWN

UNDER THE DEGREE OF

HE TOLD THEM THAT AFTER 1997, HONG KONG WOULD MAINTAIN ITS IDENTITY AS A SPECIAL ADMINISTRATIVE REGION (SAR) OF CHINA "ONE COUNTRY, TWO SYSTEMS" CONCEPT, AND WOULD ENJOY A HIGH AUTONOMY IN ALL AREAS EXCEPT FOR DEFENCE AND FOREIGN AFFAIRS.

THAT

"SEPARATENESS",

OWN LEGAL SYSTEM:

НЕ A

SAID: "WE COMMON

LAW

FOR

WILL,

SYSTEM

EXAMPLE,

ON

DRAWING FROM OTHER SEPARATE

ON MAINTAIN OUR PRECEDENTS FROM OTHER COMMON LAW SYSTEMS AND WITH JUDGES

WE WILL CONTINUE WITH OUR OWN LAW COUNTRIES; COMMON FINANCIAL SYSTEM; WE WILL BE RESPONSIBLE FOR BALANCING OUR OWN BUDGET, FOR DECIDING AND LEVYING OUR OWN TAXES."

MR CHEN POINTED OUT TOO THAT IT WAS SPECIFICALLY PROVIDED HONG KONG WOULD NOT PAY TAXES TO CHINA.

THAT

"SO, IN SEVEN YEARS, HONG KONG WILL BE PART OF

AND LIFE-STYLE

BUSINESS WILL RETAIN ITS OWN UNIQUE ESSENTIALS OF ITS ECONOMIC SUCCESS.

CHINA; YET IT SYSTEMS

THE

"THAT IS WHAT THE PEOPLE OF HONG KONG WANT. CHINA WANTS BECAUSE HONG KONG IS IMPORTANT TO CHINA,

HAD

MADE SURE FRAMEWORK

IT IS ALSO WHAT

HE SAID.

THESE

WERE MATTERS BASIC LAW WHICH PROMULGATED BY CHINA KONG SAR WOULD APPLY

THAT ALL HE SAID CHINA

KNOWN AS THE WRITTEN INTO THE FORMAL ENSHRINED HONG KONG'S RELATIONSHIP WITH CHINA. IN APRIL THIS YEAR THE BASIC LAW FOR THE HONG FOR 50 YEARS BEYOND 1997.

OUT

IN CHINESE PROMISED IN HONG KONG'S

HE POINTED OUT THAT THE BASIC LAW WOULD SPELL

OF AUTONOMY LAW ALL THE GUARANTEES FOR THE HIGH DEGREE

FOUNDATION FOR THE JOINT DECLARATION AND WOULD BE THE CONTINUED STABILITY AND PROSPERITY.

GREATER

PART

THE

BASIC

LAW

THE

FOR

THE

OF

REFLECT "BY FAR, PROVISIONS IN THE JOINT DECLARATION, MANY ARTICLES ACTUALLY WORD

OF THE WORD,

HE SAID, AND EXPLAINED THE MORE SIGNIFICANT PROVISIONS

CONTINUATION OF VARIOUS. CONSTITUTIONAL DOCUMENT THAT GUARANTEED THE SYSTEMS AND WAY OF LIFE THAT HONG KONG PEOPLE NOW HAD.

JUNE CHINESE MR CHEN SAID THAT IN SPITE OF THE EVENTS OF LAST

THERE THAT

WOULD BE NO CHANGE IN LEADERS HAD REPEATEDLY ASSURED CHINA'S "ONE COUNTRY, TWO SYSTEMS" POLICY.

ALSO

RECOGNISED

THAT

HONG

KONG WOULD PLAY "AN PUSH FORWARD AN WITH ITS INTERNATIONAL MARKET,

MECHANISMS, WOULD MAKE AN

THEY HAVE IRREPLACABLE AND TREMENDOUS ROLE" IN HELPING OPEN-DOOR POLICY AND THAT HONG KONG ITS QUALIFIED PERSONNEL AND ITS ECONOMIC IMMENSE CONTRIBUTION TO CHINA'S RENAISSANCE.

KONG WILL CONTINUE то

"THEREIN LIES THE GUARANTEE THAT HONG SHINE, AS THE PEARL OF THE ORIENT FOR MANY MORE YEARS AFTER 1997," CHEN SAID.

MR

J

HIS SPEAKING TRIPS BY MR MR CHEN WAS ACCOMPANIED ON

OFFICE MCGLYNN, DIRECTOR OF THE HONG KONG ECONOMIC AND TRADE YORK.

KERRY

IN

NEW

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