XN000022-1994-11-23 — Page 6

5

WEDNESDAY, NOVEMBER 23, 1994

"WE HAVE SUCCEEDED IN GETTING

ACROSS

THE MESSAGE THAT HONG DEEPER RELATIONS WITH IDEAL GATEWAY FOR

KONG IS INTERESTED IN DEVELOPING BROADER AND VIETNAM ACROSS THE BOARD AND THAT HONG KONG IS AN TRADE WITH, AND INVESTMENT IN, VIETNAM.

A GREAT DEAL OF

"THERE HAS BEEN

FROM INTEREST

GOVERNMENT OFFICIALS IN HONG KONG'S EXPERTISE IN A

HUMAN RESOURCE INCLUDING

SERVICES, FINANCIAL

INWARD INVESTMENT

VIETNAMESE NUMBER OF AREAS, DEVELOPMENT, PROMOTION AND

TRADE

INFRASTRUCTURE DEVELOPMENT, PROMOTION," HE SAID.

FURTHER

THAT IT WAS HONG KONG IN TERMS OF THE

INVESTMENT FROM

MR CHAU SAID THE VIETNAMESE GOVERNMENT INDICATED PARTICULARLY KEEN ON ATTRACTING WHICH WAS ALREADY THE LEADING INVESTOR IN VIETNAM NUMBER OF PROJECTS APPROVED.

OFFICIALS, SENIOR

NR CHAU STRESSED THE BASIC LAW, HONG KONG'S UNCHANGED, INCLUDING ITS AUTONOMY

TRADING AND

RELATIONS WITH TRADING FREE TRADE AND OPEN ECONOMIC

DURING DISCUSSIONS WITH THAT, UNDER THE JOINT DECLARATION EXISTING SYSTEMS WOULD CONTINUE IN THE CONDUCT OF ITS ECONOMIC PARTNERS AND THE CONTINUATION OF THE POLICIES.

DINNER FOR SOME 40 VIETNAMESE LAST NIGHT, MR CHAU HOSTED A GOVERNMENT OFFICIALS AND LEADING VIETNAMESE BUSINESSMEN.

THE STATE COMMITTEE

FOR

MINH

WILL HAVE MEETINGS WITH IN HO CHI MINH CITY, THE DELEGATION

MINISTRY OF AND INVESTMENT, CO-OPERATION TRADE REPRESENTATIVES, THE VIETCO CHAMBER OF COMMERCE AND THE PEOPLE'S

THEY WILL VISIT CITY. COMMITTEE OF HO CHI PROCESSING ZONE.

THE CITY'S EXPORT

MEMBERS

INDUSTRY,

OF THE MISS DENISE

DELEGATION

YUE;

THE

THE DIRECTOR-GENERAL INCLUDE

SECRETARY FOR ECONOMIC DEPUTY

DEPUTY SECRETARY FOR FINANCIAL CHEUNG: AND SERVICES, MR TAM WING-PONG; PRINCIPAL ECONOMIST MR DEPUTY POLITICAL ADVISER MR JOHN ASHTON.

SERVICES, MRS ELIZABETH BOSHER; THE

H

Y

OF

PASCUTTO TO HEAD COMPANIES REVIEW

*

THE GOVERNMENT TODAY (WEDNESDAY) ANNOUNCED THE APPOINTMENT MR ERMANNO PASCUTTO, THE FORMER DEPUTY CHAIRMAN OF THE SECURITIES FUTURES COMMISSION, TO LEAD THE REVIEW OF THE COMPANIES ORDINANCE.

OF

AND

RATIONALISING ISSUES OF UNTIL THE

THE REVIEW, WHICH WILL INVOLVE STREAMLINING AND

A NUMBER OF THE LEGISLATION AS

AS DEALING WITH WELL PARTICULAR SIGNIFICANCE FOR HONG KONG, IS EXPECTED TO RUN END OF 1996.

A FINAL REPORT WILL BE PRESENTED TO THE UPON ITS COMPLETION.

FINANCIAL

SECRETARY

HONG MR PASCUTTO, 41, IS CURRENTLY THE MANAGING PARTNER IN THE

AND HAS BEEN ENGAGED KONG OFFICE OF A LEADING CANADIAN LAW FIRM

REGULATION AND RECENTLY IN WORK RELATING TO ADVISING ON SECURITIES FINANCING OF HONG KONG-CHINA-CANADA BUSINESSES.

/PRIOR TO