HONG Kong's only organisation representing property management companies will urge the government to help set up an official licensing system. Stephen Yuen, president of the Hong Kong Association of Property Management Companies, said civil service chiefs favoured self-regulation. He was looking for ways to set up the association as an official licensing body. ''Either the licensing of a company or an individual is acceptable to us,'' he said. ''We would hope that this would help raise the quality of service and protect the interests of the consumers. ''The government expects us to self-regulate. As a consequence of that we would be pleased to see the association as the authority responsible for licensing the members. ''We would be the teeth to license members.'' Mr Yuen said he believed a similar system could be set up to that used by exporting companies which received licences from non-government bodies. However, it had yet to approach the government with the idea. To set up a licensing branch would require many more resources than the association had. ''There would have to be more investigation, more information gathered, before a licence is given out,'' he said. ''We would also have to hire a lot more staff.'' The association will discuss the issue at its annual council in the next few weeks, when the executives will be up for re-election. Each of the 34 member organisations will be represented. The association began in 1990. Mr Yuen estimated there were more than 400 property management firms in Hong Kong, but only about 100 had substantial portfolios. He said he hoped more would become members of the association next year.