Many forecasts have tipped that China will be the second largest economy in the world in 25 years' time. Not only do we have a large hinterland, we have a hinterland that wants Hong Kong to prosper. I am also confident that the Mainland authorities will positively assist Hong Kong in our development, such as allowing Chinese corporations to be listed on our exchange, their universities to collaborate with ours, and their professionals to come to Hong Kong. As the financial, business and service centre of the second largest economy in the world, coupled with leadership in some high tech, high value-added industries, Hong Kong should have a bright economic future. Whether we will become the Manhattan Plus or Venice of East Asia depends on just one factor - our people.
Education is an essential foundation for human resources development.
It is our responsibility to ensure that our education system serves to develop the full potential of our people. The education sector and the community at large are concerned whether our students possess the qualities to meet the changing needs of our society. We will consult the public in the review and I urge you to give us your views and advice. On the first point, the Chinese have always believed that people with skills but low ethical standards are undesirable. With high-tech and advance knowledge, it will make such people even more dangerous.