Tung embraces business community in his policy speech

Article Abstract:

Hong Kong Chief Executive Tung Chee Hwa has announced new programs that would aid in the development of the county's business sector in his policy speech addressed to lawmakers. His list of programs, which includes improvements in the country's healthcare, welfare, infrastructure, and education over the next five years, is projected to cost some $11.38 billion. The chief executive expressed confidence about the feasibility of the programs due to Hong Kong's vast foreign reserves of about $85.3 billion.

Administration of General Economic Programs, Economic Programs, Administration of Economic Programs, Business Aid Programs, Management, Economic policy, Economic development, Business assistance

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Tung's resignation spurs talk about his future

Article Abstract:

Orient Overseas International Chmn. C.H. Tung has resigned from the Executive Council (Exco) which advises Hong Kong Gov. Chris Patten. The shipping magnate and the governor have agreed that Tung will give up his Exco post if this conflicted seriously with his job as a vice chairman on China's Preparatory Committee. His resignation has fuelled speculations that Tung will be appointed as Hong Kong's chief executive when it reverts to Chinese rule in 1997. He has yet to confirm such rumors.

Officials and employees, Political activity, Executives

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