For Immediate Release

March 7, 2001

Thomas Kwok, Vice Chairman & Managing Director of Sun Hung Kai Properties, welcomed the budget presented this afternoon. Mr Kwok said that the new budget is well crafted to continue the pace of Hong Kong's financial recovery and economic transformation. It also encourages Hong Kong people to pursue life-long learning adding value to their skills, and contains progressive initiatives to increase the tax deduction for self-education expenses and a vocational retraining programme, enhancing the territory's competitiveness.

Mr Kwok had high praise for the Financial Secretary's performance over the past five years, and the way he helped Hong Kong deal with the post-1997 economic ups and downs, particularly leading the territory out of the Asian financial turmoil. Mr Kwok said he was confident that Mr Tsang would continue striving to achieve an even better future for Hong Kong in his new post as Chief Secretary.

© Copyright 1996-2012 irasia.com Ltd. All rights reserved.

DISCLAIMER: irasia.com Ltd makes no guarantee as to the accuracy or completeness of any information provided on this website. Under no circumstances shall irasia.com Ltd be liable for damages resulting from the use of the information provided on this website. TRADEMARK & COPYRIGHT: All intellectual property rights subsisting in the contents of this website belong to irasia.com Ltd or have been lawfully licensed to irasia.com Ltd for use on this website. All rights under applicable laws are hereby reserved. Reproduction of this website in whole or in part without the express written permission of irasia.com Ltd is strictly prohibited. TERMS OF USE: Please read the Terms of Use governing the use of our website.