Tung said this is the first time that Hong Kong has applied for the right to host such a major sports event.

"All those involved in putting forth Hong Kong's bid have applied themselves fully and have put in their best efforts," he added.

"We will naturally feel disappointed at this moment. But, in fact, through the bidding process, we have obtained a lot of precious experience," he said.

He pointed out, "The bid for the Asian Games has definitely aroused the importance which the community places on sports and has also enabled us to evaluate comprehensively current sports facilities."

He pledged that the Hong Kong SAR government is determined and committed to working together with the sports community to promote sports development in Hong Kong over the long term.

Tung also conveyed appreciation to the Asian Games Bid Committee, the Hong Kong Sports Federation and Olympic Committee, the sports community, business community and many others for their contribution to the preparations for the bid.

(Xinhua 11/12/2000)