FRIDAY, NOVEMBER 29, 1985
+PLANNING OF A THIRD TENTIARY INSTITUTE, TO MEET THE EVER GROWING DEMAND FOR HIGHER EDUCATION, IS ABOUT TO BEGIN, + HE SAID.
TURNING TO THE INSTITUTE ITSELF, SIR EDWARD SAID THAT IT HAD LAYED A VITAL PART IN WHAT HAD BEEN ACHIEVED. IN CELEBRATING THE 17TH ANNIVERSARY OF THE INSTITUTION IT SHOULD NOT BE FORGOTTEN THAT DURING THE PAST 140 YEARS THERE HAD BEEN VERY FEW PERIODS WHEN DEVELOPMENT WAS NOT CHANGING THE FACE OF HONG KONG DRAMATICALLY.
HE ADDED THAT ALL THROUGH THIS PROCESS, ENGINEERS HAD BEEN VERY MUCH INVOLVED, AND THE SAME WOULD BE TRUE IN THE FUTURE.
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SELF-REGULATED STOCK EXCHANGE IMPORTANT
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SIR JOHN
A RESPECTABLE SELF-REGULATED STOCK EXCHANGE WITH THE HIGHEST STANDARDS IS IMPORTANT TO HONG KONG AS A WORLD FINANCIAL CENTRE, THE FINANCIAL SECRETARY, SIR JOHN BREMRIDGE, SAID THIS (FRIDAY) EVENING.
SPEAKING AT THE INSTALLATION OF THE 1985-87 COMMITTEE EMBERS OF THE HONG KONG STOCKBROKERS ASSOCIATION, SIR JOHN SAID THAT TO THIS END A NEW SET OF RULES FOR DISCLOSURE OF DIRECTORS' SHAREHOLDINGS AND OF COMPANY INFORMATION WOULD BE INTRODUCED.
THERE WOULD ALSO BE NEW FINANCIAL REQUIREMENTS FOR ALL
DEALERS, HE ADDED.
+THESE CHANGES WILL CONTRIBUTE TO THE INTERNATIONAL STANDING OF OUR SECURITIES MARKET AND TO THE PROFITS OF THOSE SUCCESSFUL IN IT, + HE SAID.
POINTING OUT THAT THE COMING YEAR WOULD BE CRITICAL FOR THE SECURITIES INDUSTRY, SIR JOHN SAID: THE OPERATION OF THE UNIFIED EXCHANGE WILL USHER IN A NEW ERA+.
RECALLING THE WORK TOWARDS THE UNIFICATION OF THE FOUR HONG KONG STOCK EXCHANGES FOR A DECADE, THE FINANCIAL SECRETARY STRESSED THAT THE EARLIER IT WAS ACHIEVED, THE BETTER.
TURNING TO THE CONTROVERSY OF THE INVOLVEMENT OF BANKS OR BANK-RELATED BROKERS AS MEMBERS OF THE UNIFIED EXCHANGE, SIR JOHN SAID THAT PARTICIPATION OF BANKS IN SECURITIES BUSINESS WAS A GLOBAL DEVELOPMENT.
+THE ENACTMENT OF THE STOCK EXCHANGES UNIFICATION (AMENDMENT). ORDINANCE REMOVING THE DISQUALIFICATIONS AGAINST CORPORATIONS, BANKS AND DTC'S FROM MEMBERSHIPS OF THE UN IF IED EXCHANGE IS NO MORE THAN A RECOGNITION OF WHAT IS HAPPENING IN ALMOST EVERY OTHER MAJOR STOCK MARKET.
/HONG KONG