15.
For those who were involved in the Hong Kong stock market and for others professionally concerned, however, a return of confidence in Hong Kong's markets will depend on the regulatory measures to be adopted. As the Singapore Ambassador pointed out on another occasion, the experience of their market closure for three days in 1985 gives an interesting lesson. After restructuring the organisation, confidence was rebuilt and problems were avoided in October 1987. "Investors have short memories"
seems to be the general message.
Ends
ད་ པ་ ་་་་་་
(FIDENTIAL
No. 276.
REGISTRY
PATES 12.3
KWARD LETT