Hong Kong is also rich in the most important production factor for any industry, namely talented human resources like all of you here at this reception. This is, I believe an indispensable strength of Hong Kong. How Hong Kong develops further as an international financial centre is of enormous interest to everyone. Finally, I thank again all our guests for your friendship and co-operation.
But as I have pointed out in the past, the number of businesses in a market is not a problem per se.2 Nevertheless, I agree at least in part with the conclusion that mergers & acquisitions might be appropriate for some institutions.