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China's PM Addresses Business Conference in Hong Kong

On a visit to Hong Kong, Chinese Prime Minister Zhu Rongji calls for commitment to high standards of accounting and corporate governance in Hong Kong and China.

Inside Hong Kong's convention center on Tuesday, Prime Minister Zhu Rongji opened the 16th World Congress of Accountants with a speech about how international corporate scandals have tarnished the profession. He renewed China's pledge to improve standards of accounting and corporate governance, saying he hoped all accountants trained in China will remember the motto: "Make no false accounts."

Mr. Zhu mentioned recent accounting scandals but did not use any examples as he spoke before more than 5,000 accountants at the Congress.

About thirty protesters trying to get close to the prime minister marched in the rain chanting slogans. They demanded an end to China's one party system and the abandonment of Hong Kong's proposed anti-subversion legislation.

The protesters say it would limit freedom of speech and accused both Beijing and the local administration of rolling back freedoms and civil liberties in the territory.