HK chief delivers 2007-08 policy address

时间：2007-10-11 07:51:19

（单词翻译:单击）


Hong Kong Special Administrative1 Region (HKSAR) Chief Executive Donald Tsang delivers 2007-08 policy address titled "A New Direction for Hong Kong" at the Legislative2 Council in Hong Kong Wednesday morning.

 
HONG KONG, Oct. 10 - Hong Kong Special Administrative Region (HKSAR) Chief Executive Donald Tsang said he would push ahead 10 major infrastructure3 projects and reinforce Hong Kong's position as a global financial center within his term in office.

 

In his annual televised address titled "A New Direction for Hong Kong" at the Legislative Council here Wednesday morning, Tsang said he was confident because Hong Kong's economy is back on track, registering rapid growth over the past 15 quarters.

 

Tsang said Hong Kong has seen an average annual growth of 7.7 percent from 2004 to 2006 with the first half of 2007 seeing further growth of 6.3 percent and he would pay close attention to the implications of inflation on the livelihood4 of the low-income group.

 

Tsang said the goals, including a sustainable, balanced and diversified5 development together with social harmony, will ultimately lead Hong Kong to become China's most advanced and harmonious6 city, as well as a global metropolis7 offering quality life.

 

To realize those goals, Tsang proposed plans to promote economic development through infrastructure projects and push ahead with 10 major infrastructure projects in a view to creating new employment opportunities and increasing wages.

 

Tsang said the HKSAR government's efforts in promoting infrastructure development over the past decade did not match expectations as overall expenditure8 on infrastructure for this year may well be the lowest in recent years.

 

The 10 large-scale infrastructure projects Tsang plans to push within his term of office covers transportation, cross-boundary integration9 and new urban development areas.

 

According to the HKSAR government's rough estimate, the proposed projects would bring about more than 100 billion HK dollars (about 12.82 billion U.S. dollars) annually10 of the added value to Hong Kong's economy and create some 250,000 additional jobs.

 

In his policy address, Tsang said in parallel with those 10 major infrastructure projects, the HKSAR government will reinforce Hong Kong's position as a global financial center through building a consolidated11 and diversified financial market.

 

Tsang said Hong Kong will actively13 facilitate Chinese mainland enterprises and investors14 to participate in Hong Kong's stock market through the Qualified15 Domestic Institutional Investors (QDII) scheme.

 

While strengthening the financial market linkage16 and interaction between Hong Kong and the Chinese mainland, Tsang said, the HKSAR government will step up efforts in developing an Islamic bond market in Hong Kong.

 

"To further consolidate12 Hong Kong's position as a global financial center, we should actively leverage17 on this new trend by developing an Islamic financial platform in Hong Kong," Tsang said.

 

According to Tsang's plan, apart from stepping up our efforts to promote Hong Kong's financial services to major Islamic countries and regions, we will focus on developing an Islamic bond market.

 

The Hong Kong Monetary18 Authority, in conjunction with the financial sector19, has set up a dedicated20 team to study related issues and make recommendations for the early introduction of Islamic debt offerings in Hong Kong.

 

Tsang said the HKSAR government has endeavored to develop Hong Kong into an arbitration21 center in the Asia-Pacific region since a sound judicial22 system and comprehensive legal services for dispute resolution are indispensable for an international financial center.

 

In his Policy Address, Tsang also elaborated on plans concerning cooperation with the Chinese mainland, assistance to Hong Kong's small and medium-sized enterprises in the Chinese mainland.

 



分享到：


点击收听单词发音收听单词发音  

1 administrative fzDzkc     
adj.行政的，管理的
参考例句：
  • The administrative burden must be lifted from local government.必须解除地方政府的行政负担。
  • He regarded all these administrative details as beneath his notice.他认为行政管理上的这些琐事都不值一顾。
2 legislative K9hzG     
n.立法机构，立法权；adj.立法的，有立法权的
参考例句：
  • Congress is the legislative branch of the U.S. government.国会是美国政府的立法部门。
  • Today's hearing was just the first step in the legislative process.今天的听证会只是展开立法程序的第一步。
3 infrastructure UbBz5     
n.下部构造，下部组织，基础结构，基础设施
参考例句：
  • We should step up the development of infrastructure for research.加强科学基础设施建设。
  • We should strengthen cultural infrastructure and boost various types of popular culture.加强文化基础设施建设，发展各类群众文化。
4 livelihood sppzWF     
n.生计，谋生之道
参考例句：
  • Appropriate arrangements will be made for their work and livelihood.他们的工作和生活会得到妥善安排。
  • My father gained a bare livelihood of family by his own hands.父亲靠自己的双手勉强维持家计。
5 diversified eumz2W     
adj.多样化的，多种经营的v.使多样化，多样化( diversify的过去式和过去分词 )；进入新的商业领域
参考例句：
  • The college biology department has diversified by adding new courses in biotechnology. 该学院生物系通过增加生物技术方面的新课程而变得多样化。 来自《简明英汉词典》
  • Take grain as the key link, develop a diversified economy and ensure an all-round development. 以粮为纲，多种经营，全面发展。 来自《现代汉英综合大词典》
6 harmonious EdWzx     
adj.和睦的，调和的，和谐的，协调的
参考例句：
  • Their harmonious relationship resulted in part from their similar goals.他们关系融洽的部分原因是他们有着相似的目标。
  • The room was painted in harmonious colors.房间油漆得色彩调和。
7 metropolis BCOxY     
n.首府；大城市
参考例句：
  • Shanghai is a metropolis in China.上海是中国的大都市。
  • He was dazzled by the gaiety and splendour of the metropolis.大都市的花花世界使他感到眼花缭乱。
8 expenditure XPbzM     
n.(时间、劳力、金钱等)支出；使用，消耗
参考例句：
  • The entry of all expenditure is necessary.有必要把一切开支入账。
  • The monthly expenditure of our family is four hundred dollars altogether.我们一家的开销每月共计四百元。
9 integration G5Pxk     
n.一体化，联合，结合
参考例句：
  • We are working to bring about closer political integration in the EU.我们正在努力实现欧盟內部更加紧密的政治一体化。
  • This was the greatest event in the annals of European integration.这是欧洲统一史上最重大的事件。
10 annually VzYzNO     
adv.一年一次，每年
参考例句：
  • Many migratory birds visit this lake annually.许多候鸟每年到这个湖上作短期逗留。
  • They celebrate their wedding anniversary annually.他们每年庆祝一番结婚纪念日。
11 consolidated dv3zqt     
a.联合的
参考例句：
  • With this new movie he has consolidated his position as the country's leading director. 他新执导的影片巩固了他作为全国最佳导演的地位。
  • Those two banks have consolidated and formed a single large bank. 那两家银行已合并成一家大银行。
12 consolidate XYkyV     
v.使加固，使加强；(把...)联为一体，合并
参考例句：
  • The two banks will consolidate in July next year. 这两家银行明年7月将合并。
  • The government hoped to consolidate ten states to form three new ones.政府希望把十个州合并成三个新的州。
13 actively lzezni     
adv.积极地，勤奋地
参考例句：
  • During this period all the students were actively participating.在这节课中所有的学生都积极参加。
  • We are actively intervening to settle a quarrel.我们正在积极调解争执。
14 investors dffc64354445b947454450e472276b99     
n.投资者，出资者( investor的名词复数 )
参考例句：
  • a con man who bilked investors out of millions of dollars 诈取投资者几百万元的骗子
  • a cash bonanza for investors 投资者的赚钱机会
15 qualified DCPyj     
adj.合格的，有资格的，胜任的，有限制的
参考例句：
  • He is qualified as a complete man of letters.他有资格当真正的文学家。
  • We must note that we still lack qualified specialists.我们必须看到我们还缺乏有资质的专家。
16 linkage l01xl     
n.连接；环节
参考例句：
  • In their monographic treatment of linkage,they have emphasized this especially.他们在论连锁的专题文章中特别强调了这点。
  • Occasionally,problems with block inheritance or linkage are encountered.有时会遇到区段遗传或连锁问题。
17 leverage 03gyC     
n.力量，影响；杠杆作用，杠杆的力量
参考例句：
  • We'll have to use leverage to move this huge rock.我们不得不借助杠杆之力来移动这块巨石。
  • He failed in the project because he could gain no leverage. 因为他没有影响力，他的计划失败了。
18 monetary pEkxb     
adj.货币的，钱的；通货的；金融的；财政的
参考例句：
  • The monetary system of some countries used to be based on gold.过去有些国家的货币制度是金本位制的。
  • Education in the wilderness is not a matter of monetary means.荒凉地区的教育不是钱财问题。
19 sector yjczYn     
n.部门，部分；防御地段，防区；扇形
参考例句：
  • The export sector will aid the economic recovery. 出口产业将促进经济复苏。
  • The enemy have attacked the British sector.敌人已进攻英国防区。
20 dedicated duHzy2     
adj.一心一意的；献身的；热诚的
参考例句：
  • He dedicated his life to the cause of education.他献身于教育事业。
  • His whole energies are dedicated to improve the design.他的全部精力都放在改进这项设计上了。
21 arbitration hNgyh     
n.调停，仲裁
参考例句：
  • The wage disagreement is under arbitration.工资纠纷正在仲裁中。
  • Both sides have agreed that the arbitration will be binding.双方都赞同仲裁具有约束力。
22 judicial c3fxD     
adj.司法的，法庭的，审判的，明断的，公正的
参考例句：
  • He is a man with a judicial mind.他是个公正的人。
  • Tom takes judicial proceedings against his father.汤姆对他的父亲正式提出诉讼。

©2005-2010英文阅读网