Following is a statement issued by the Chief Executive of the Hong Kong Special Administrative Region, Mr Tung Chee Hwa, today on the ruling of the Court of Appeal concerning the Provisional Legislative Council:

"We welcome the court's decision. Today's ruling confirms that the Provisional Legislative Council is a legal body and laws passed by this Council have legal status and are legally binding. The court's decision also confirms that common law is an important part of the laws of the SAR."

"The rule of law is one of the important factors contributing to Hong Kong's success. The litigation demonstrates the respect the society have towards the rule of law. Various arguments could be presented and ruled in court. We are pleased that the litigation has been resolved. The SAR Government will work closely with the Provisional Legislative Council on various important public issues in the months ahead."