XN000022-1995-10-13 — Page 35

Daily Information Bulletin 新聞公報 All

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Leading the 41-strong Hong Kong fire contingent, comprising seven fire engines and an ambulance, will be the Chief Fire Officer (New Territories), Mr Clement Wong Man-chiu.

The Director of Fire Services, Mr Peter Cheung, will attend as an observer.

End/Friday, October 13, 1995

Hong Kong - A City in Transition: FS

The Financial Secretary, Mr Donald Tsang, said on Thursday (October 12) in New York that Hong Kong would continue to be successful and an excellent place in which to do business both before and after 1997.

In his address entitled "Hong Kong: A City in Transition" to the National Committee on US-China Relations, Mr Tsang said Hong Kong was well-placed to contribute to phenomenal economic growth envisaged for the Asia-Pacific region in the next century, particularly to China's quest for modernisation.

He said the development of a partnership between Hong Kong and China was one of the key factors in ensuring a prosperous future for Hong Kong.

"As China navigates the tide of economic change, Hong Kong serves as the pilot boat in front. Our businessmen understand the China market far better than most," he said.

Mr Tsang said in 1994, realised direct investment by Hong Kong companies in China amounted to some US$20 billion, more than 20 times the level of a decade ago. On a cumulative basis, Hong Kong's realised direct investment in China was now estimated at US$60 billion, accounting for 60 per cent of China's total.

Apart from direct investment, Hong Kong companies also helped to do deals, raise finance, and direct interested investors to the right projects.

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