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Topic: Financial Secretary of Hong Kong

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Hong Kong Basic Law Article 23

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	Hong Kong Disneyland \| Discover More...
		Tang said that Hong Kong Disneyland's opening would be a "driving force for tourism growth for Hong Kong, and family tourism development in particular," noting that this year's tourist arrivals are estimated to reach over 21 million, a rise of 37% over last year.
		Hong Kong Disneyland is also delighted to present Festival of the Lion King, a joyous and high energy spectacle created through song, dance, puppetry, specialty performances and evocative imagery.
		The Hong Kong Disneyland project was announced in 1999 as a venture between The Walt Disney Company and the Hong Kong SAR Government.
	www.hongkongdisneyland.com /eng/discover/20041122.html (2139 words)

	Economic & Trade Information on Hong Kong (tdctrade.com)
		Specifically, Hong Kong should elevate from its traditional role as an intermediary to become a major hub connecting China and the international market, and meanwhile, its position as the financial and commercial centre of China should be further strengthened.
		Hong Kong's trade performance is noticeably fuelled by outward processing activities in Guangdong where the majority of Hong Kong companies have extended their manufacturing base.
		Hong Kong is also the second largest venture capital centre in Asia, managing 31% of the total capital pool in the region.
	www.tdctrade.com /main/200010s5.htm (4281 words)

	Angry Bear
		But his achievement in Hong Kong was hailed by Milton Friedman and other free-market economists as a shining example of the potency of laissez-faire when carried through to its logical conclusions in almost every aspect of government.
		Hong Kong is often referred to as an entrepôt economy with the term entrepôt referring to trading centers that generate significant profits.
		Hong Kong markups on re-exports of Chinese goods are higher for differentiated products, products with higher variance in export prices, products sent to China for further processing, and products shipped to countries which have less trade with China.
	angrybear.blogspot.com /2006/10/hong-kongs-economic-growth-laissez.html (938 words)

	Disney balks as Hong Kong seeks transparency - Marketplace by Bloomberg - International Herald Tribune
		HONG KONG Walt Disney is facing demands from Hong Kong lawmakers to reveal attendance and earnings figures at its theme park in the city, after missing its first-year target of 5.6 million visitors.
		The Hong Kong government invested $418 million for a 57 percent stake in the park and a further $1.8 billion on landfill, roads, sewers and a rail link.
		The government of a former Hong Kong chief executive, Tung Chee-hwa, agreed to the park deal in November 1999, when the economy was recovering from its worst recession on record and unemployment was rising.
	www.iht.com /articles/2006/09/12/bloomberg/sxdisney.php (794 words)

	Hong Kong News
		Hong Kong hopes to expand its role as the gateway to China for Korea to better tap into the world s fastest booming economy, said a top official of the Hong Kong Economics and Trade Office.
		Secretary for Financial Services and the Treasury Frederick Ma Si-hang said the government is watching the revaluation of the yuan closely, but has no intention of altering the Hong Kong dollar peg to the...
		HONG KONG: Hong Kong, a world leader in the use of "converged" communication technologies like Internet TV over third-generation mobile phones, is set to become part of the global cutting edge in another area...
	www.topix.net /world/hong-kong (703 words)

	Hong Kong Offshore
		The government of Hong Kong is committed to the further development of the nation’s financial and taxation legislation to ensure Hong Kong becomes the most significant offshore haven in Asia and to that end Hong Kong recently abolished estate tax.
		Hong Kong offshore is a concept embraced by many who incorporate companies in the jurisdiction for effective taxation structuring reasons, and now the offshore appeal of the nation has been improved by the abolition of inheritance tax.
		Hong Kong is pursuing asset management business as its primary offshore and financial function because it is an excellent lead in to other high returning professional services.
	www.shelteroffshore.com /index.php/offshore/more/hong_kong_offshore (373 words)

	Catholic World News : Catholic Appointed New Chief Secretary In Hong Kong
		Since 1997, the year of Hong Kong's return to the mother country, territory appointments have to be approved by Beijing.
		While Hong Kong businessmen complain that politics and the economy are ever more closely interwoven, with projects assigned to "friends" and supporters of Beijing, Tsang continues to say that for Hong Kong's development four "pillars of wisdom" are necessary: rule of law, elimination of all privileges, corruption-free government, free flow of information, and personal liberty.
		Regarding his financial policies, the new chief secretary said: "When we create wealth, we should look beyond our own self interests to ensure no one is deprived of the opportunity to learn, to develop themselves, to meet their own basic needs.
	www.cwnews.com /news/viewstory.cfm?recnum=14879 (468 words)

	FINANCIAL SECRETARY OF HONG KONG SPECIAL ADMINISTRATIVE REGION VISITS SA
		The Financial Secretary of the Hong Kong Special Administrative Region (HKSAR), Sir Donald Tsang Yam Kuen, KBE, JP, will undertake an official visit to the Republic of South Africa from 24 July to 5 August 1999 at the invitation of the South African Minister of Trade and Industry, Mr Alec Erwin.
		The Financial Secretary will be accompanied by his wife, twelve high-level business persons representing a wide range of industries, as well as eight senior members of the HKTDC including the Deputy Executive Director, Ms Anna Lai.
		According to the Financial Secretary, the HKSAR is "always seeking to widen its horizons, to diversify its trade in goods and services, and to develop partnerships in regions where it sees potential for significant growth".
	www.info.gov.za /speeches/1999/990722333p1001.htm (592 words)

	Lateline - 31/7/2000: Hong Kong Confidence. Australian Broadcasting Corp
		Hong Kong Financial Secretary Sir Donald Tsang has assured investors that there is no need to worry about the future.
		Hong Kong's financial secretary, Sir Donald Tsang, has assured investors there is no need to be anxious about the former colony's future.
		We went through a rather traumatic period in 1998 and 1999, during which time the administration and myself as financial secretary took some very brave positions, for instance working in the market and major reform in the securities market as well as in a monetary system.
	www.abc.net.au /lateline/stories/s157734.htm (840 words)

	Asia Times Online :: China News, China Business News, Taiwan and Hong Kong News and Business.
		HONG KONG - The next several months promise to be long and thankless for Financial Secretary Henry Tang as he tries to convince this city's famously tax-averse populace that a proposed 5% levy on goods and services is exactly what they need.
		Never one to pull a punch, Patten shot back that the financial secretary while he was governor was none other than Hong Kong's current chief executive, the popular and able Donald Tsang.
		Government data show that Hong Kong's fertility rate (0.93) is the second lowest in the world, and research done by accounting firm CPA Australia projects that nearly a quarter of Hong Kong's population will by older than 65 by 2033, whereas that age group represents just 10% a present.
	www.atimes.com /atimes/China_Business/HH01Cb02.html (1123 words)

	Government of Hong Kong - Wikipedia, the free encyclopedia
		The Secretary for Justice (SJ) is responsible for legal matters of the government and prosecution for criminal cases in the territory.
		The Secretary for Justice (SJ) is responsible for all prosecutions in Hong Kong, drafting all Government legislation, and advising other policy bureaux and departments of the governmenton a vast array of legal issues.
		The Education and Manpower Bureau (EMB) is headed by the Secretary for Education and Manpower and Permanent Secretary for Education and Manpower.
	en.wikipedia.org /wiki/Hong_Kong_Government (876 words)

	Hong Kong Digest, Feb. 2006
		Hong Kong Financial Secretary Henry Tang presented his 2006-2007 Budget on February 22, in which he revealed that the Hong Kong Special Administrative Region Government (HKSARG) would restore fiscal balance in both the Operating and Consolidated Accounts for the first time in eight years — three years ahead of schedule.
		To promote Hong Kong as a logistics hub and gold trading center, the government is considering providing a concession in trade declaration charges for gold to support the proposed development of a gold depository at the Hong Kong International Airport.
		The Financial Secretary proposed reducing the salaries tax payable by nearly a million people, or three-quarters of taxpayers, by lowering the marginal rates of the second, third and top tax bands by one percentage point to 7%, 13% and 19% respectively, returning US$192.3 million to taxpayers.
	www.hketousa.gov.hk /ny/e-newsletter/06feb/Budget.htm (1250 words)

	Prospect of Hong Kong's economy positive: financial secretary(12/05/05)
		HONG KONG, Dec. 6 (Xinhuanet) -- Financial Secretary of Hong Kong Special Administrative Region (HKSAR) Henry Tang is upbeat about the outlook of the city's economic growth, but stressed challenges for sustained growth.
		The International Monetary Fund forecast the Hong Kong economy to grow 4.5-5 percent in 2006, while private sector analysts are predicting 4-5 percent.
		However, he noted that Hong Kong still faced with challenges to maintain the momentum of economic expansion, especially in terms of strategic development.
	www.china-embassy.org /eng/xw/t224861.htm (295 words)

	Hong Kong to Raise Taxes as Deficit Increases - 2003-03-05
		Hong Kong Financial Secretary Antony Leung introduced higher taxes aimed at curbing the territory's rising budget deficit.
		Hong Kong's government plans to eliminate its $9 billion fiscal deficit in four years.
		Some analysts in Hong Kong have raised fears that the measures announced on Wednesday may not be enough to eliminate the deficit.
	www.voanews.com /english/archive/2003-03/a-2003-03-05-44-Hong.cfm (485 words)

	Leading Hong Kong Democrat Quits Tung's Team
		Hong Kong's top civil servant and No. 2 official, Anson Chan, a sharp-tongued administrator who has recently clashed with Beijing and her boss, resigned Friday.
		Hong Kong is ruled by a chief executive who is appointed by Beijing and who selects the top administrators.
		Although Hong Kong's civil service operates under true neutrality, that system could be undermined by the political patronage present in a partial democratization.
	www.iht.com /articles/2001/01/13/hong.2.t.php (689 words)

	Financial Secretary launches "Shandong-Hong Kong Week" (Site not responding. Last check: 2007-10-10)
		The Financial Secretary, Mr Antony Leung, kicked off the Shandong-Hong Kong Week in Jinan today (May 27) to promote co-operation between the two regions in the areas of financial services, tourism and service industries.
		It is the fifth large-scale activity organised by the Hong Kong Special Administrative Region in the Mainland designed to stimulate trade and investment.
		He said entrepreneurs from Hong Kong and Shandong should fully utilise the advantages of both cities to complement and supplement one another in the areas of financial services, logistics, tourism, and producer and professional services.
	sc.info.gov.hk /gb/www.info.gov.hk/gia/general/brandhk/0527231.htm (193 words)

	Financial Secretary Predicts Hong Kong Rebound Next Year
		After the US interest rate reduction last week, Hong Kong Financial Secretary Antony Leung Kam-chung, said that lower interest rates would have only a limited impact in Hong Kong and warned of higher unemployment in the territory and a slowdown in the economy as it continues to react to the US slowdown.
		The Financial Secretary said that during the boom of the past 10 years many companies had spent too much increasing production, and substantial cost-cutting might be necessary.
		Mr Tsang said that Hong Kong had always emerged stronger from previous downturns: 'Each and every time we are faced with a crisis, this community has been able to overcome that crisis, and has been able to come out stronger than before.
	www.investorsoffshore.com /asp/story/storyinv.asp?storyname=5108 (778 words)

	Hong Kong: Fact and Fiction - Donald Tsang - East Asia Speeches - the Asia Society
		In Hong Kong, a free market is not just a policy; it is not just a philosophy-it is the law.
		Hong Kong is a small, externally oriented economy of 6.5 million people with 85 percent of GDP related to services.
		That the Hong Kong market was attacked and manipulated was basically due to the face that our markets had contracted so much we were ripe for speculative attack.
	www.asiasociety.org /speeches/donaldtsang.html (2505 words)

	Sir John Cowperthwaite (father of free-enterprise colonial Hong Kong, dies in Scotland at 90)
		The arrangement was to cost Hong Kong dear when the chronic weakness of the British economy - shaped, it might be said, by interventionist, high-tax policies diametrically opposite to his own - forced the devaluation of the pound in 1967, resulting in a loss of some £30 million to Hong Kong's reserves.
		The unfettered Hong Kong economy took that blow in its stride, however, just as it had recovered from a crisis of confidence in local banks in 1965 and withstood the destabilising impact of Mao's Cultural Revolution.
		Returning to Hong Kong in 1945, he was asked to find ways in which the government could boost post-war economic revival; but he found the economy recovering swiftly without intervention, and took the lesson to heart.
	www.freerepublic.com /focus/f-news/1574103/posts (2007 words)

	The University of Hong Kong
		Professor Lap-Chee Tsui, the Vice-Chancellor of HKU, Professor Wang Sheng-hong, the President of Fudan University and Mr Henry Tang, Financial Secretary of Hong Kong SAR, officiated at the graduation ceremony and addressed the assembly.
		Mr Tang also said that Hong Kong and Shanghai had set up a new framework called the Hong Kong Shanghai Economic and Trade Co-operation Conference to foster closer co-operation and to capitalise on the opportunities under the Closer Economic Partnership Arrangement (CEPA) between the Mainland and Hong Kong.
		The University of Hong Kong is the first tertiary institution in Hong Kong to offer an officially-recongnised MBA programme on the Mainland.
	www.hku.hk /press/news_detail_4929.html (382 words)

	BW Online \| July 23, 2001 \| Online Extra: Q&A with Hong Kong Financial Secretary Leung
		Hong Kong Financial Secretary Antony Leung is a rarity, a man with an impressive private-sector background who has recently stepped into the third-most-senior official post in Hong Kong, a slot that in the past was almost invariably filled by a career civil servant.
		Hong Kong doesn't aspire to be the financial capital of China.
		Hong Kong is a fast moving place, but they are moving faster.
	businessweek.com /magazine/content/01_30/b3742077.htm (1821 words)

	FT.com / World / Asia-Pacific - Hong Kong body backs anti-trust shake-up (Site not responding. Last check: 2007-10-10)
		Hong Kong should introduce a broad-ranging competition law to improve its antitrust regime and put the territory more in line with international practice, an independent committee appointed by the government has said.
		Hong Kong has argued the economy is too small to have an antitrust law and that introducing one would raise business uncertainty.
		W. K. Chan, senior director of business policy at the chamber, said the report pointed Hong Kong in the right direction as it promoted minimal regulation, but it was too early to say whether the chamber supported such a law.
	www.ft.com /cms/s/d54a6cbe-0ba4-11db-b97f-0000779e2340.html (538 words)

	BBC News \| ASIA-PACIFIC \| Hong Kong 'going wrong'
		The financial secretary of Hong Kong is warning that the territory is facing more sweeping job losses as it feels the effects of the economic crisis across south-east Asia.
		Hong Kong has not gone the way of Indonesia and South Korea and others in the region who have called on the International Monetary Fund for multi-billion dollar bail-outs
		BBC correspondents say that, ironically, 10-months after the hand over of Hong Kong to China, the chief threat to the way of life widely regarded as the encapsulation of unfettered capitalism is not the giant communist state but the very free market forces it was supposed to embody.
	news.bbc.co.uk /1/low/world/asia-pacific/88326.stm (424 words)

	Financial Secretary, Hong Kong Special Administrative Region
		Mr Henry Tang is the Financial Secretary of the Government of the Hong Kong Special Administrative Region.
		He received the Young Industrialist Awards of Hong Kong in 1989 and was selected as a Global Leader for Tomorrow by the World Economic Forum in 1993.
		He took the lead in various public organizations in Hong Kong, including serving as Chairman of the Federation of Hong Kong Industries and a Steward of the Hong Kong Jockey Club.
	www.info.gov.hk /info/fs.htm (267 words)

	The Banker: Hong Kong
		The Hong Kong government is taking active steps to improve co-ordination of the development of its financial infrastructure with that of mainland China, writes Sir David Li.
		In a report, its analysts wrote that the largest independent local bank in Hong Kong has a number of unique revenue drivers that many other Hong Kong banks would “kill” to have, including a leading position among foreign banks in China –18.3% of its loans are on the mainland.
		Hong Kong’s Financial Secretary Henry Tang tells Karina Robinson the reasons he believes are behind the resurgence of China’s Special Administrative Region.
	www.thebanker.com /news/categoryfront.php/id/186/Hong_Kong.html (740 words)

	Donald Tsang - Wikipedia, the free encyclopedia (via CobWeb/3.1 planetlab-6.cs.princeton.edu) (Site not responding. Last check: 2007-10-10)
		Donald Tsang was born in Hong Kong in October 7, 1944.
		As Deputy Secretary of the General Duties Branch between 1985 and 1989, he was responsible for the implementation of the Sino-British Joint Declaration and the promotion of the "British Nationality Selection Scheme".
		Alumni of the University of Hong Kong
	en.wikipedia.org.cob-web.org:8888 /wiki/Donald_Tsang (2276 words)

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