2
The
thus control the management of television companies.
first implication concerns the personal financial gains of
shareholders whereas the latter concerns the kinds of
programmes to be broadcast which touch on the welfare of
the community.
3.
Hong Kong is a city open to international
investment. Foreign investors are of course permitted to
make, through legal means, economic
gains.
However,
Government must maintain certain degree of monitoring of
areas like television broadcasting whose influence on the
society is great and therefore cannot be completely open
to free competition. The main emphasis of monitoring
should not be on
from making restricting foreigners
economic gains, but should instead
be on the power to
manage television broadcasting to ensure that it is in the interest of the Hong Kong community. So, if ownership and management could be separated, then the latter was
important.
more
4.
From the recently announced terms and conditions
for renewal of licences, it seems that Government intends
economic gains of shareholders by
to
restrict the
other hand,
it also
legislating against any single foreigner holding more than
10% of the total shares. On the
intends to replace the nationality requirement by
"permanent resident of Hong Kong". It can thus be argued
that
it
is
possible
that
shareholding
of
television
!