16
35.
And we are both growing and innovating.
February, a new Hong
In
Hong Kong dollar interbank interest rate
A new market takes time to
futures contract was launched.
develop but in general, the new contract has been well
received. In insurance, total gross premiums have grown at
an average of 18% per annum over the decade. The erosion
of our position as a financial centre, which some analysts
!
predicted would follow the establishment of Tokyo's
offshore market, has not occurred.
36.
And So to conclude. I have
have not in this speech
given you a shopping list of projects in Hong Kong. They
are well known. The port and airport developments, which I
have mentioned, clearly provide immense opportunities both
in relation to the civil engineering side and for those who
can put together attractive financial packages or even join
us as equity partners. Our financial services again
provide fruitful prospects particularly when we see China ·
on the move again. Communications in every form is an
of growing importance. There are many more.
area
/37.
Instead of
•
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