TABAEA(8)
RESTRICTED
H.
HONG KONG STOCK AND FUTURES EXCHANGES
1.
Hong Kong as a a financial centre: Securities Review Committee
After the events which affected the world's stock exchanges in
October 1987 the Hong Kong Government acted quickly to appoint a
Securities Review Committee to undertake a thorough review of the
Stock and Futures Exchanges and the Government's regulatory
position. This demonstrates the Hong Kong Government's
determination to act swiftly and decisively to identify underlying
problems and maintain Hong Kong's reputation as a financial centre.
The Committee's report was published in Hong Kong on 2 June. We welcome the publication of the report. We know that the Hong Kong
Government are studying its conclusions carefully and with a view to
early implementation. We believe that the Review and the follow-up
to it will contribute to the maintenance and further enhancement of
Hong Kong's reputation as an international financial centre.
RESTRICTED
H57