XN000022-1994-06-25 — Page 2

SATURDAY, JUNE 25, 1994

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ACTIVE HK PARTICIPATION IN SHANGHAI MEETINGS NEXT WEEK

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HONG KONG WILL ACTIVELY PARTICIPATE IN SHANGHAI NEXT WEEK IN A SERIES OF MEETINGS OF THE PACIFIC ECONOMIC CO-OPERATION COUNCIL (PECC) WHICH AIMS TO DEVELOP CLOSER CO-OPERATION ON TRADE AND ECONOMIC POLICY

ISSUES IN THE ASIA-PACIFIC REGION.

FUNG,

THE CHAIRMAN OF THE COUNCIL'S HONG KONG COMMITTEE, MR WILLIAM WILL ATTEND THE PECC STANDING MEETING ON TUESDAY (JUNE 28).

ALSO ATTENDING THE MEETING WILL BE THE COMMITTEE'S SECRETARY-GENERAL, MR JOHN TSANG, WHO IS ALSO ASSISTANT DIRECTOR-GENERAL OF TRADE AND THE TRADE DEPARTMENT'S TRADE OFFICER, MISS WINNIE TO.

AS THE POLICY-MAKING BODY OF PECC, THE STANDING COMMITTEE GUIDES THE EVOLUTION OF THE PECC PROCESS AND DETERMINES ITS POLICY ISSUES.

MR TSANG AND MISS TO WILL ALSO ATTEND ON MONDAY (JUNE MEETING OF THE CO-ORDINATING GROUP WHICH SUPERVISES PECC PROGRAMME AND REVIEWS THE PROJECT PROPOSALS OF PECC TASK FORCES.

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ANOTHER HONG KONG COMMITTEE MEMBER, MR WILLY LIN, WILL JOIN THE INTERNATIONAL ADVISORY GROUP MEETING OF THE PECC'S TRANSPORTATION, TELECOMMUNICATIONS AND TOURISM TASK FORCE TOMORROW (SUNDAY), WHICH REVIEWS THE PROJECT PROPOSALS TO BE DEVELOPED UNDER THE TASK FORCE IN THE COMING YEAR.

ALSO REPRESENTING HONG KONG WILL BE THE DEPUTY SECRETARY FOR FINANCIAL SERVICES, MR TAM WING-PONG, AND THE EXECUTIVE DIRECTOR (MONETARY MANAGEMENT) OF THE HONG KONG MONETARY AUTHORITY, MR NORMAN CHAN. BOTH WILL ATTEND THE PLANNING MEETING OF THE NEW PECC PROJECT ON FINANCIAL MARKETS DEVELOPMENT ON JUNE 29 AND 30.

THE PLANNING MEETING WILL DECIDE ON THE GOALS AND ACTIVITIES OF THE PROJECT, SELECT PRIORITIES AND SCHEDULE PROJECT ACTIVITIES.

WORKING GROUP FINALISING REPORT

THE WORKING

GROUP ON REGULATION OF ESTATE AGENTS YESTERDAY (FRIDAY) CONTINUED THEIR DISCUSSION ON A PACKAGE OF LONG TERM AND SHORT-TERM MEASURES THEY HAD PROPOSED AND DELIBERATED IN PAST MEETINGS TO REGULATE THE TRADE.

THE GROUP, CHAIRED BY THE DEPUTY SECRETARY FOR PLANNING, ENVIRONMENT AND LANDS (HOUSING POLICY), MR LEO KWAN, IS EXPECTED то SUBMIT THEIR RECOMMENDATIONS TO THE GOVERNMENT NEXT MONTH.

THE WORKING GROUP IS IN FAVOUR OF SETTING UP A SELF-FINANCING LICENSING AUTHORITY WITH LEGISLATION BACKING AS A LONG-TERM MEASURE TO PROTECT THE PUBLIC FROM ILLEGAL PRACTICE.

/AS SHORT-TERM