XN000022-1994-09-01 — Page 4

3

THURSDAY, SEPTEMBER 1, 1994

EXPENDITURE ON CONSTRUCTION OF THE NEW AIRPORT AND RELATED TRANSPORT PROJECTS WILL REACH US$20 BILLION BY 1997, HE ADDED.

THE

LOCAL

IN

TELECOMMUNICATION

OF AREA, THE DE-REGULATION FIXED TELECOM SERVICES, AND THE LICENSING OF NEW TELECOM TECHNOLOGIES, ARE EXPECTED TO ATTRACT MORE THAN US$5 BILLION INVESTMENT IN THE NEXT 10 YEARS.

BELIEVER HAMISH ASSURED THE GATHERING THAT AS A FIRM SIR PRACTITIONER OF FREE MARKET PHILOSOPHY, HONG KONG HAD A LEVEL FIELD.

AND

PLAYING

"ALREADY U.S. COMPANIES HAVE WON MANY CONTRACTS INFRASTRUCTURAL PROJECTS, AND THEY ARE WELCOME TO CONTINUE TO IN OUR MARKETS, IN EQUAL COMPETITION WITH OTHER SUPPLIERS.

FOR

OUR COMPETE

"WE ARE ALSO DELIGHTED THAT OVER 900 U.S. COMPANIES HAVE CHOSEN TO ESTABLISH THEMSELVES IN HONG KONG, HE SAID.

"

SIR HAMISH NOTED THAT THE TRADE AND ECONOMIC RELATIONSHIP

WAS EXTREMELY

ΤΟ IMPORTANT BETWEEN THE U.S. AND CHINA

HONG KONG, GIVEN THAT CHINA AND THE U.S. WERE THE TERRITORY'S TWO LARGEST TRADING PARTNERS.

AS THE GATEWAY TO CHINA, HE SAID, HONG KONG WAS IDEALLY LOCATED GEOGRAPHICALLY.

"OUR BUSINESSMEN HAVE ACQUIRED RICH EXPERIENCE OF DOING BUSINESS WITH CHINA. THEY STAND READY TO CONTRIBUTE TO DEALS AND JOINT VENTURES BETWEEN THE U.S. AND CHINA, HE SAID.

++

INDUSTRY DIRECTOR ATTENDS TOKYO MEETING

THE DIRECTOR-GENERAL OF INDUSTRY, MISS DENISE YUE, TODAY (THURSDAY) SET OFF FOR THE ASIA-PACIFIC ECONOMIC CO-OPERATION (APEC) SMALL AND MEDIUM ENTERPRISES (SME) DEPUTY MINISTERS' MEETING то BE HELD IN TOKYO TOMORROW (FRIDAY).

ACCOMPANYING HER ARE AN ASSISTANT DIRECTOR-GENERAL OF INDUSTRY, MISS M L WONG, AN ASSISTANT SECRETARY FOR TRADE AND INDUSTRY, MRS ALICE CHEUNG AND A TRADE OFFICER, MR DONALD CHUNG.

MISS YUE SAID THE MEETING WAS ΤΟ PREPARE FOR THE SME MINISTERIAL MEETING TO BE HELD IN OSAKA NEXT MONTH.

"SUBJECTS TO BE DISCUSSED INCLUDE THE ROLE AND IMPORTANCE OF SME IN THE ASIA-PACIFIC REGION IN THE FACE OF RAPID TECHNOLOGICAL INNOVATION AND GLOBALISATION OF INDUSTRIAL ACTIVITIES, THE PROBLEMS ENCOUNTERED BY THE SME AND MEASURES TO FOSTER THE GROWTH OF SME. REPRESENTATIVES FROM JAPAN WILL ALSO INTRODUCE THE SME POLICY BY THEIR COUNTRY," SHE SAID.

ADOPTED

/WITH THE