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CE on co-operation between Hong Kong and Guangdong (with video)
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     Following is the transcript of remarks (English portion) made by the Chief Executive, Mr Donald Tsang, at a media session after the 12th Plenary of the Hong Kong/Guangdong Co-operation Joint Conference today (August 19):

Reporter: Regarding Qianhai in Shenzhen, KK Hong Kong competitiveness, and also how would such co-operation between Hong Kong and Guangdong benefit the city?

Chief Executive: The planning for the development of Qianhai is in a very early stage. Our objective is to make use of the opportunity of the railway development we are now making, joining up the two airports. We believe there is ample opportunity to develop Qianhai into a modern industrial area that will complement what is happening in Hong Kong, complement what we are trying to achieve in Hong Kong as an international financial and trading centre. I think it will be highly complementary. It will only support and augment Hong Kongs objective. We are in highly different stages of development and we wont be going into any vicious competition as a result of what is going to happen in Qianhai.

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

Ends/Wednesday, August 19, 2009
Issued at HKT 14:36

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