1988-06-02 14:52 G.I.S
нис
100/1
P.08/11
49 PA
PRESS STATEMENT BY THE FINANCIAL SECRETARY, MR PIERS JACOBS, ON THE REPORT OF THE SECURITIES REVIEW COMMITTEE 2 JUNE 1988
The Report of the Securities Review Committee
has been published today. The Government welcomes
this report.
2.
The Committee has identified various ways
in which the management and operation of our securities
industry can be improved. I believe the report will
serve as a valuable and essential blueprint for future
developments. I would like to take this opportunity
to thank the Committee and its Chairman, Mr Ian Hay Davison,
for their hard work and constructive recommendations.
3.
I would also like to reiterate the Government's
firm commitment to maintaining Hong Kong's status
as an international financial centre, We will proceed
quickly with our examination of the Committee's recommendations
and, after we have considered views expressed on
the report and after consultation with interested
parties, we will seek the approval of the Executive
Council on specific proposals as soon as is practicable.
For this purpose, a special team, consisting of
officers of the Monetary Affairs Branch and the Legal
Department, has been set up to deal with the recommendations
of the Committee.
102