XN000022-1995-06-06 — Page 4

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Medium term:

7.

8.

9.

10.

Monitor the continuing structural change of Hong Kong's economy to identify the core group of displaced workers with low employability and its characteristics;

Monitor closely the relocation of jobs in the service sector;

Study whether discriminatory practices (e.g. age and sex discrimination) are contributing to rising unemployment;

Involve employers and employees in the monitoring of the labour importation scheme;

Long term:

11.

12.

13.

Study the likely patterns of movement of local and imported workers into and out of Hong Kong which affect the size of Hong Kong's workforce;

Forecast the economic development and manpower requirements and formulate appropriate education, training and retraining policies accordingly; and

Explore ways to further improve productivity.

Closing the summit, Mr Patten said the Government should not start interfering in business and turn our back on all the virtues and benefits of a free economy. "We should instead aim for policies that preserve stability and social cohesion in Hong Kong, while retaining and sharpening the territory's competitive edge," he added.

Mr Patten said: "I want Hong Kong before and after 1997 to be a high wage, high growth, high employment and highly competitive economy."

The Governor announced that as a result of today's summit, the Government will be following up on many of the practical and positive ideas put forward, in particular those relating to the skills gap and information gap relating to the overall problem.

He also announced that a similar meeting will be held in the early autumn of those involved in the summit to discuss the interim findings and conclusions reached as result of the review of the Labour Importation Scheme.

End/Tuesday, June 6, 1995