CONFIDENTIAL
024144
MDLIAN 4325
HONG KONG AND SHANGHAI BANK, THE STANDARD CHARTERED BANK AND THE BANK OF CHINA), WAS LATER EXTENDED TO THE GUARANTEE CORPORATION. THESE
CREDIT FACILITIES ARE LOANS PAYABLE WITH INTEREST AT MARKET RATES. THE SUPPORT OPERATION HELPED THE FINANCIAL SYSTEM OF HONG KONG TO REMAIN INTACT AND THE STOCK AND FUTURES MARKETS TO RETURN TO ORDERLY TRADING.
36.
IN THE LIGHT OF THESE EVENTS IN THE STOCK AND FUTURES MARKETS, AND IN RECOGNITION OF THE NEED TO MAINTAIN HONG KONG AS A MAJOR INTERNATIONAL FINANCIAL CENTRE, THE HONG KONG GOVERNMENT SET UP A SECURITIES REVIEW COMMITTEE IN NOVEMBER 1987 TO REVIEW THE CONSTITUTION, POWERS, MANAGEMENT AND OPERATION OF THE HONG KONG STOCK AND FUTURES EXCHANGES AND THEIR SUPERVISORY BODIES. THE COMMITTEE HAS BEEN GIVEN SIX MONTHS TO CONDUCT THIS REVIEW AND TO RECOMMEND WHAT CHANGES ARE DESIRABLE TO ENSURE THE INTEGRITY
OF THE MARKETS AND TO PROTECT INVESTORS.
FORD
YYYY
DISTRIBUTION
24
ΜΑΙΝ
23
HONG KONG AGREEMENT RESTRICTED
LIMITED
HKD
HD/FED
RESEARCH (FE)
DEP HD/PUSD
PS/LORD GLENARTHUR
PS/MR EGGAR
MR MCLAREN
MR GILLMORE
HD/PUSD
ADDITIONAL
1
MR FIFOOT, LEGAL ADVISERS
NNNN
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CONFIDENTIAL