Following is the transcript (English part) of the media session given by the Chief Executive, Mr Tung Chee Hwa, after visiting Tsuen Wan District this afternoon:

Reporter: Mr Tung. Would you elaborate on what you would express at the meeting next week in Guangzhou?

Mr Tung: It is a very important meeting. It's a beginning of a very important formal relationship. Guangdong Province and Hong Kong on many areas have a very special relationship and what we are going to do is to through this particular higher level liaison committee to look at, on the one hand, what we have done already; where we are already collaborating; can we do a better job in terms of efficiency cost and quality of co-operations, and also to look at what other areas we can co-operate to our mutual benefit. So it's going to be very important that this committee which would be looking after these things.