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Mr Donald Tsang (in Chinese): The Land Fund only comes into play after 1 July 1997 and so we have to take it one step at a time.
Moderator (in Chinese): The press conference has already ended.
Mr Donald Tsang (in Chinese): I think that question has been dealt with this morning many, many times.
End
CS: Hong Kong must respond to changes
The Chief Secretary, Mrs Anson Chan, said this (Thursday) evening that Hong Kong, as a living metropolis, must respond to changes that we see all around us but at the same time we must have the wisdom and the courage to resist attempts to change what must not be changed.
Speaking at the dinner of the Federation of Hong Kong Industries, Mrs Chan urged Hong Kong people to stand united in our resolve to make the "one country, two systems" concept work.
The rule of law, respect for the individual, civil liberties, freedom of expression, of assembly, a level playing field, a meritocratic, politically neutral civil service, open and transparent in its dealings and accountable to the community and to the legislature - these are the values and systems which have produced the Hong Kong that we all know and love, she said.
"We must cling fast to them if Hong Kong is to retain its position in the world league as we move towards the 21st century."
"We have spent the last 13 years putting together this foundation that will enable the HKSAR to exercise a high degree of autonomy," she said.
Mrs Chan told the audience that on the political front, Hong Kong had seen a number of major developments in the last three months.
First and foremost was the election of the Chief Executive of the HKSAR last December. "Mr C H Tung of course needs no introduction. His appointment has been very well received here," she said.
"We are doing all we can to assist Mr Tung in preparing for the establishment of the SAR Government."
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