ENG-1997 — Page 97

IN

THE PENINSULA

Hong Kong's world-renowned hotels maintain the standards that have brought them praise from travellers on all budgets. They form one of the industries based on service that constitute an increasing proportion of Hong Kong's economic make-up. To encourage the development of Hong Kong's services sectors, the government has established a Services Support Fund. By December 1997, it had committed $49.5 million to 27 projects undertaken by specialist bodies, higher education institutions, trade and industry associations and professional bodies.

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GR 1360