20
The
remain, the main
in this process. the main driving force
Government's role
role lies in strengthening the legal and institutional framework in which the financial services
industries operate. It must be our task to ensure, particularly when the marketplace is flourishing, that it
the warrants
trust and confidence of those who
participate in it.
40.
draft
on
With this in mind the Government published for
paper public consultation in early June a disclosure of shareholdings. Its main purpose is to require disclosure of any substantial shareholdings in listed companies. It will then be clear exactly who controls these companies, and it will be more difficult for the control of companies to be obtained by stealth. We are also seeking to strengthen the present legislation
insider dealing.
all against
The objective in
these
matters is to ensure that Hong Kong has the benefits of
both a free market and a fair market.
(4)
41.
DEVELOPMENT OF INFRASTRUCTURE
In developing the economy and the social infrastructure we are crucially dependent on adequate and well directed capital investment, both public and
/private