1988-06-01 18:22
G.I.S
in
I
3
:
P.05/13
Chapter
III
We set
out
ous
strategy
and
objectives. We point out that, in international terms, the
Hong Kong
of market
companies,
stock market is a fringe market - small in terms
with a darrow range of listed
capitalisation,
an
inadequate settlement
and system
regulation. other financial sectors in Hong Kong
gold
trading,
significant.
banking and fund management
lacking
P
notably
axe more
We summarise
paras. 3.11 and 3.12 -
our main objectives for Hong Kong in
11
we
We accept that becoming a corner of the
so-called "global marketplace" carries risks, but
believe October demonstrates that these
probably cannot now be avoided in any case. Hong
Kong must act to capitalise on the international
interest in its markets while minimising the risks
its strengthening
systems and controls.
believe, therefore, that Hong Kong should aim to
become the pra-eminent capital market in South
East Asia and to that end, should See the
by
progressive
We
internationalisation of its securities
markets as ап important
internationalisation
We
strategic objective; by
mean
the use Of Hong