WEDNESDAY, FEBRUARY 26, 1986
STRESSED THAT THE OVERALL PURPOSE WAS TO STREAMLINE THE MOCESS OF INFORMATION FLOW AND BELIEVED THAT AS A RESULT THE -RKET WOULD BE MADE MORE EFFICIENT AND YOULD PERFORM BETTEN, ING TO INCREASED INVESTORS' CONFIDENCE AND PARTICIPATION.
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+UNDOUBTEDLY, THE IK ENHANCED CONFIDENCE WILL IN TURN IMPROVE LIQUIDITY IN THE MARKET PLACE, DR CHAM SAID,
CONCLUDING HIS SPEECH, DR CHAM POINTED OUT THAT THESE .. SUBSIDIARY LEGISLATION WERE BY NO MEANS SUBSIDIARY IN IMPORTANCE FOR THEIR ROLE TO NURTURE THE CRYSTALLISATION OF A SOUND MARKET MECHANIUM IN OUR CITY WHICH TOOK PRIDE IN ITS FREE ENTERPRISE MARKET ECONOMY.
THANKING MISS TAM AND DR CHAM FOR THEIR COMMENTS, THE FINANCIAL SECRETARY, THE HON SIR JOHN BREMRIDGE, SAID THE MINOR AMENDMENT TO PARAGRAPH 7 (1) (A) (11) SHOULD REMOVE ANY DOUBTS ON THAT PARTICULAR PROVISION DEALING WITH IN-HOUSE TRANSACTIONS.
*LET US HOPE ALL CONCERNED BUY THEIR BOTTLES OF MILK AS NECESSARY, + 3IR JOHN SAID, ADDING: +LET US SEE HOW THE NEW RULES WORK, THEY CAN BE CHANGED IF NECESSARY. +
SIR JOHN SAID LIKE HIS LEGISLATIVE COUNCIL COLLEAGUES, HE WAS LOOKING FORWARD TO THE OPENING OF THE UNIFIED EXCHANGE.
+ SUCCESSFUL SELF-REGULATED STOCK EXCHANGE OPERATING WITHIN THE APPROPRIATE LEGAL FRAMEWORK WILL FURTHER ENHANCE HONG KONG'S POSITION AS A WORLD FINANCIAL CENTRE, HE SAID.
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