6.2.87
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32.
In 1986 we have seen rapid developments in
financial markets worldwide.
We have also seen
Here in
significant changes in the field of regulation.
Hong Kong we must respond quickly to any developments.
Otherwise, we will find ourselves losing out in our
development as a major financial centre.
Furthermore,
We must not
there is the vital question of reputation.
allow the integrity of our markets to be tarnished by the
imprudent activities of the greedy. But equally we must
This is a difficult
avoid the dangers of over-regulation.
balance to strike, but we shall do our best.
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