The central government will coordinate financing for the planned
Hong Kong-Zhuhai-Macao Bridge and a tripartite meeting will take
place soon.
This was the promise the National Development and Reform
Commission (NDRC) made to Hong Kong Chief Executive Donald Tsang
when he visited the State planning body on the second day of his
duty visit to Beijing yesterday.
While meeting with NDRC Vice-Minister Chen Deming, who stood in
for Director Ma Kai, Tsang said the financing process for the
bridge project will require coordination by the central
authorities.
Chen said a meeting will be arranged between the three cities in
the near future and that he hoped that the financing process will
be completed very soon.
Tsang also expressed the hope that the central government will
take into account the development of Hong Kong in its 12th
Five-Year Plan (2011-15).
He said the meeting with the NDRC was a good opportunity to
explain the latest changes in Hong Kong, such as its infrastructure
development, and help the agency understand the city's
situation.
Tsang said Hong Kong is well into its third issuance of renminbi
bonds and the exercise is heading in the right direction. He hoped
the central government will endorse the issuance of more renminbi
bonds.
Tsang also visited the Chinese Investment Corporation (CIC),
which was founded in September.
During the visit, Tsang said the establishment of the CIC will
help promote foreign exchange business and increase revenue for the
mainland.
(China Daily November 23, 2007)