SPEECH BY PRESIDENT JIANG ZEMIN OF THE PEOPLE'S REPUBLIC OF CHINA AT THE CEREMONY FOR THE TRANSFER OF GOVERNMENT OF MACAO HELD BY THE GOVERNMENT OF THE PEOPLE'S REPUBLIC OF CHINA AND THE GOVERNMENT OF THE REPUBLIC OF PORTUGAL

December 20, 1999

President Jorge Sampaio,

Honoured Guests,

Ladies and Gentlemen,

At this refreshing moon-lit night and by the mirror-like water, the Government of China and the Government of Portugal are holding a solemn ceremony here to mark the transfer of government of Macao and to announce the Chinese Government's resumption of the exercise of sovereignty over Macao. This important event, which is a focus of world attention, will be remembered forever in history.

Beginning from this moment, Macao has entered on a brand-new era in its development. I would like to extend, on behalf of the Central Government and people of all ethnic groups in China, our cordial greetings and good wishes to the Macao compatriots who are returning to the embrace of the motherland.

Beginning from this moment, the friendship between the two peoples and the amicable co-operation between the two countries will develop from a new starting point. Our two sides have worked together in conformity with the historical trend of the times and brought about the smooth transition and transfer of government of Macao. I wish to sincerely thank all those who have made

contribution to the settlement of the question of Macao and people across the world who care for and support the return of Macao.

The Chinese Government has, in accordance with the great concept of ``one country, two systems'' initiated by Deng Xiaoping, successfully resolved the questions of Hong Kong and Macao. This marks a significant progress made by the Chinese people in accomplishing the great task of national reunification. The implementation of the concept of ``one country, two systems'' in Hong

Kong and Macao has played and will continue to play an important exemplary role for our eventual settlement of the Taiwan question. The Chinese Government and people are confident and capable of an early settlement of the Taiwan question and the complete national reunification.

After the return of Macao, the Chinese Government will unswervingly implement the policies of ``one country, two systems'', ``Macao people administering Macao'' and a high degree of autonomy. The Macao Special Administrative Region will, in accordance with the law, be vested with executive, legislative and independent judicial power, including that of final adjudication.

Macao inhabitants, irrespective of race or belief, will all be masters of this land, enjoying, as equals, the rights and freedoms guaranteed by law.

After the return of Macao, the economic interests of all countries and regions in Macao will be protected in accordance with the law. I hope that the countries and regions with investment and trade interests in Macao will continue to work for the stability and development of Macao.

Our Macao compatriots have a glorious tradition of patriotism, and they have always been related by blood and mutual affinity with people of the rest of the country. It is our firm belief that, with the support of the Central Government and people of all ethnic groups in China, the Macao Special Administrative Region Government and Macao compatriots will do a good job in the administration, building-up and development of Macao. Macao, now back in the embrace of the motherland, will surely have an even brighter tomorrow.

Thank you.