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At a cheque presentation ceremony to acknowledge the cash sponsors held today (Wednesday), the Financial Secretary, Mr Donald Tsang said: "This is one of the most important events to be held in Hong Kong after the change in sovereignty."
He also said by sponsoring the event, the private sector had demonstrated strong commitment to the future of Hong Kong.
A total of 19 sponsors, from the banking, property and trading sectors, were present in today's ceremony.
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1997 commemorative gold coin to be issued
A limited quantity of commemorative gold coins will be issued in July next year to mark the establishment of the Hong Kong Special Administrative Region in 1997.
This continues a tradition of marking significant events in Hong Kong with the issue of a precious metal coin.
The 1997 commemorative gold coin will bear the standard Bauhinia design on the obverse side, with a special commemorative design of Hong Kong skyline on the reverse side.
It will have face value of $1,000 and will be in 22 carat gold. It is legal tender and will be issued by the Hong Kong Monetary Authority on behalf of the Government and for the account of Exchange Fund.
The coin is not anticipated to be circulated generally or used by the public for payment in transactions, but by making it a legal tender adds appreciably to its attractiveness and value in the eyes of the collectors.
A limited number of pieces will be minted by the Royal Canadian Mint with the bulk to be available for sales in Hong Kong.
Each coin will carry a certificate and will be individually numbered.
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