WEDNESDAY, SEPTEMBER 13, 1989
GOVERNOR VISITS STOCK EXCHANGE
THE
OF THE
THE GOVERNOR, SIR DAVID WILSON, TODAY (WEDNESDAY) VISITED STOCK EXCHANGE OF HONG KONG TO OBSERVE FIRST-HAND OPERATIONS STOCK MARKET.
AND
SIR DAVID, WHO WAS MET BY THE CHAIRMAN OF THE EXCHANGE COUNCIL. SIR Q.W. LEE, HAD A SHORT DISCUSSION WITH MEMBERS OF THE COUNCIL WAS BRIEFED ON THE LATEST DEVELOPMENTS OF THE EXCHANGE.
"THE
EXCHANGE
SHOULD BE
CONGRATULATED
SUCCESSFUL STRUCTURE
SELF-
ON ITS CONSTITUTIONAL REFORMS AND STRENGTHENING OF THE MANAGEMENT WITH THE OBJECTIVE OF FULLY ESTABLISHING ITSELF AS AN EFFECTIVE REGULATORY ORGANISATION," SIR DAVID SAID.
I
BY
NOTING THAT
"I AM IMPRESSED BY THE SUBSTANTIAL CONTRIBUTIONS BEING MADE
PRE-EMINENT REGIONAL THE EXCHANGE TOWARDS OUR DEVELOPMENT INTO THE CAPITAL
THE GOVERNOR ADDED, MARKET IN SOUTH EAST ASIA, THIS WAS THE PRIMARY OBJECTIVE SET OUT FOR HONG KONG BY THE SECURITIES REVIEW COMMITTEE IN ITS REPORT.
UNDER THE
WITH
ACCORANCE
NEW
INTRODUCED CONSTITUTION,
SECURITIES
IN
LAST OCTOBER THE SPIRIT OF THE
REVIEW COMMITTEE RECOMMENDATIONS, THE EXCHANGE IS GOVERNED BY A BROADLY-BASED COUNCIL REPRESENTATIVE OF BOTH INDIVIDUAL AND CORPORATE EXCHANGE WELL AS PUBLIC INTERESTS.
MEMBERS AS
THE GOVERNOR SPOKE WITH PROFESSIONAL STAFF OF THE EXCHANGE, WHO IN HAD DEMONSTRATED THEIR RISK MANAGEMENT AND SURVEILLANCE ABILITIES RECENT MARKET EVENTS.
SERIES OF
SIR DAVID WAS TOLD THAT THE EXCHANGE HAD BEEN
AND OPERATIONAL REFORMS SELF-REGULATORY LISTING AND
CLEARING TO BRING ITSELF UP CENTRAL REQUIRED OF MAJOR INTERNATIONAL STOCK EXCHANGES.
TO
FORMULATING A
AREAS IN
LIKE THE STANDARDS
BY THE "I AM ENCOURAGED BY THE VOLUNTARY EFFORTS BRING MADE
MAINTAIN AN EXCHANGE IN IMPLEMENTING THESE REFORMS. THEY WILL HELP EFFICIENT, FAIR AND ORDERLY SECURITIES MARKET IN HONG KONG SO THAT COMMUNITY," CAN CONTINUE TO ATTRACT THE INTERNATIONAL INVESTING SAID.
WE
HE
THE HOW
STOCK
THE
TOURED THE TRADING FLOOR TO SEE GOVERNOR MARKET OPERATED AND ALSO VISITED A NUMBER OF TRADING BOOTHS.
GOVERNOR SAID THE SPEAKING TO REPORTERS AFTER HIS VISIT, THE
OF STOCK EXCHANGE WAS AN IMPORTANT PART OF THE FINANCIAL INSTITUTIONS
AND WORK HONG KONG WHICH HELP FIND CAPITAL FOR THE TERRITORY LOCALLY TO MAINTAIN HONG KONG AS AN INTERNATIONAL FINANCIAL CENTRE.
REGULAR
SIR DAVID SAID THE
то SEE VISITS
INSTITUTIONS.
TOUR OF THE EXCHANGE WAS
IMPORTANT DIFFERENT
PART OF HIS ORGANISATIONS
AND
/ASKED IF
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