The Government is planning to ''strengthen'' Hong Kong's financial services and logistics to boost the economy, Chief Executive Tung Chee-hwa said on Wednesday. ''We should strengthen Hong Kong's role as a major international financial centre in Asia and as the premier capital formation centre of China,'' Mr Tung said in his policy address. His outline of new economic strategies included improving the standard of corporate governance, promoting development of the bond market and fund management businesses, and encouraging new financial products. Mr Tung also announced that the Government planned to strengthen the logistics industry. ''The logistics industry can bring our existing advantages into full play and create many jobs. We will foster its growth,'' he said. Mr Tung said the Government wanted to build a logistics park on North Lantau Island. ''We will also enhance Hong Kong's information connectivity, upgrade the necessary infrastructure, ensure a smooth flow of cargo between Guangdong and Hong Kong and strive to reduce operating costs.''