December 26, 2011

Chief Executive Donald Tsang says the Government may launch relief measures if faced with an economic downturn next year. He was speaking to reporters after meetings with President Hu Jintao and  Premier Wen Jiabao today, during his final duty visit to Beijing.
 
He briefed both leaders on the latest developments in Hong Kong. Uncertainties in global economies prompt concerns about Hong Kong’s own economic situation in the coming year. Mr Tsang told reporters Hong Kong must strengthen its status as an international financial centre and offshore renminbi centre to encourage investors to choose the city as a gateway to Mainland China.
 
He added Hong Kong should bolster its competitiveness. With the Central Government’s backing, he hoped to set up a legal services centre, including an arbitration-services pilot project, in Shenzhen’s Qianhai area.
 
He said the Government would aim to provide more details on the new home-ownership scheme, cross-boundary old-age allowance, and the transport subsidy scheme for seniors before his current term ends.
 
The Government would ensure the Chief Executive and Legislative Council elections next year are conducted smoothly and fairly, he said, adding the current administration would ensure a smooth transition to the new government.
 
In a meeting with Premier Wen Jiabao in the morning, Mr Tsang raised concerns about the surging number of Mainland pregnant women giving birth in Hong Kong. Mr Wen said he, too, was concerned.
 
Mr Tsang told the Premier he would follow up on the issue.