G.F. 316
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3
Insurance FC
(Note: Insurers now form part of the electorate of the
existing Financial Services FC.)
Altogether only 229 authorized insurers (all
corporations) in Hong Kong. Thus, even if they all join the FC and assuming that voting right is
given to directors of member companies, the
electorate would still be very small (1380,
assuming that on average each company has six
directors.) (At present, 200 authorized insurers
registered electors of the Financial Services
are
B57-2079w
FC.)
The
Financial Services FC is already very small
(eligible electorate: 1,160, registered: 668;
mixture of corporate and individual electors.)
Splitting insurance from it would therefore create
two even smaller FCS (Insurance: 230 electors,
Services: 930 electors). Definitely a
Financial
retrograde step. The proposal therefore goes against the guideline that FCs should be
substantial.
If,
notwithstanding its
small franchise, we were
Insurance FC, this
to proceed to establish an
could well lead to demands by other small sectors
now subsumed under existing FCs to have FCs of
their own.
[Examples: Dentists (eligible
electors: 1450) in the Medical FC (6,802), or
deposit-taking companies (144) in the Finance FC (373)] Where will such demands and arguments lead
us to?
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