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Transcript of remarks by FS at media session (with video)
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     Following is the transcript of remarks by the Financial Secretary, Mr John C Tsang, at a media session at the Legislative Council Complex today (July 11):

Reporter: Secretary, some lawmakers say refusing to give exemption to some companies buying non-residential properties will hurt Hong Kong competitiveness as it will drive foreign investors to Hong Kong competitors. Do you agree with their assumptions?

Financial Secretary: We have always indicated that this is an interim measure. This is not a permanent measure. This is something that we needed to deal with the current situations that we are facing. So there is really not an issue that this would hurt our competitiveness in the longer term. So I don't agree with what some of these members are saying.

(Please also refer to the Chinese portion of the transcript.)

Ends/Friday, July 11, 2014
Issued at HKT 14:33

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