Premier Li meets the press: Full transcript of questions and answers

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Phoenix TV: The Investment from Hong Kong, Macao and Taiwan is not addressed in the Foreign Investment Law. This may be confusing for people from these three regions. And in your comments about China's opening-up, you did not mention what measures would be adopted toward Hong Kong, Macao and Taiwan. Does that mean that there will be certain adjustment to the policies of the central government regarding investment from these three regions?

Premier Li: Hong Kong and Macao are special administrative regions of the People's Republic of China, and the two sides of the Taiwan Strait belong to one and the same China. We have all along attached great importance to investment from these three regions. Investment from Hong Kong and Macao accounts for 70 percent of all overseas investment on the mainland. So how can we not set store by investment from these two regions? We will further harness the advantages of Hong Kong and Macao as separate customs territories and free ports. When I was addressing the question from the Taiwan journalist, I also said that we are going to create more favorable conditions for business people from Taiwan to invest on the mainland.

The Foreign Investment Law can be used as a reference for investment from these three regions. Moreover, the institutional arrangements and actual practices that have long been in place and proven effective for them will go on unaffected. We hope that these efforts will help to attract even more investment from Hong Kong, Macao and Taiwan. The State Council will formulate related regulations or policy documents. In this process, we will listen carefully to the views of fellow Chinese from Hong Kong, Macao and Taiwan to see their lawful rights and interests duly protected. Investment from these three regions is most welcome.

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