CHINA'S refusal to recognise the Container Terminal 9 contract was making it difficult for the consortiums to raise funds, it was revealed yesterday. The Secretary for Economic Services, Mrs Anson Chan Fang On-sang, conceded the Government had been told of the difficulties, but did not say which of the three consortiums faced the problem. But she said none of the parties involved - from Britain, the United States or China - had said they wanted to pull out of the project. Asked if the level of land premiums the Government could command would be lower as a result, she said the subject had yet to be discussed. Despite the difficulties, Mrs Chan reiterated that the project did not involve any franchise or licence and she saw no need to raise the matter at the Sino-British Joint Liaison Group (JLG). Nor did she think there was a need to put other container terminals - such as Container Terminal 10 - to the JLG in the future as long as no franchise was involved. Terminal 9 was dragged into the Sino-British dispute after the Chinese JLG team leader, Mr Guo Fengmin, said the contract would be invalid after 1997, saying it had not been discussed in the JLG. The Government decided last November to split the development rights of the terminal between a Jardine-led Tsing Yi Consortium and another group comprising Modern Terminals Ltd and Hongkong International Terminals (HIT). It is understood HIT earlier indicated that Mr Guo's statement would make it harder to raise funds for the project. Mrs Chan conceded the administration was told that the mainland's warning had affected investors' confidence in Hongkong. Noting the Government was still trying to sort out the technical details of the contract, she said it would hopefully be granted by the end of March or in April. The container contract aside, Mrs Chan agreed Beijing's approval was needed for the new licences for the second telephone network. Bids are invited until the end of this month to operate the second network. In Beijing, the deputy director of the Hongkong and Macau Affairs Office, Mr Wang Qiren, told a delegation of the Hongkong American Chamber of Commerce that all government contracts, agreements and leases must be approved by China. He said China would soon scrutinise these contracts and the general ones would be grouped and approved in one lot. For major contracts which would impose a liability on the future Special Administrative Region government, China would also adopt a positive attitude, said Mr Wang. The new chairman of the chamber, Mr Lyn Edinger, quoted Mr Wang as saying ''contracts unfairly binding the SAR government after 1997 would be looked at critically''. He said the chamber told Mr Wang of its concerns about the validity of contracts after the transfer of sovereignty and told him the recognition of their validity was important for a stable business environment. On the airport front, Mrs Chan said the drafting of the Airport Authority Bill would be completed in the next two months. The bill would then be tabled at the Executive Council and submitted to the Chinese side ''at the appropriate time'', she said. She also revealed Hongkong Electric's new scheme of control - which was under negotiation between the Government and the company - would continue to be based on the formula which pegged the profits level to its fixed assets.