+
24
WEDNESDAY, OCTOBER 31, 1990
THE GOVERNMENT HAD KEPT ITS INDUSTRIAL SUPPORT UNDER CONSTANT REVIEW, AND IT WAS ENGAGED
ACTIVITIES REVIEW AT THIS TIME.
POLICIES AND IN ONE SUCH
CAN BE "A PARTICULAR CONCERN IS HOW THE DELIVERY OF SERVICES
CARRIED OUT IN CLOSE BEING THE REVIEW IS BETTER COORDINATED. CONSULTATION WITH THE INDUSTRY DEVELOPMENT BOARD," HE SAID.
0
-
GOVT ACTIVELY REGULATES SECURITIES MARKET
* *
THE
GOVERNMENT WILL
CONTINUE TO PLACE
A HIGH ENHANCING THE FAIRNESS, TRANSPARENCY AND EFFICIENCY OF
MARKET, SECURITIES
THE FINANCIAL SECRETARY, SIR PIERS TODAY (WEDNESDAY).
SPEAKING AT
PRIORITY ON HONG KONG'S JACOBS, SAID
ON THE THE LEGISLATIVE COUNCIL'S RESUMED DEBATE
GOVERNMENT 19. GOVERNOR'S POLICY SPEECH, SIR PIERS SAID ALTHOUGH THE
IT HAD EXPERIENCED AWARE OF THE DANGERS OF OVER-REGULATION, EFFECTS OF INADEQUATE REGULATORY CONTROL OVER THE PURSUIT INTEREST IN THE MARKET.
"THE IMPORTANCE OF MAINTAINING PROGRESS AND BALANCE FIELD IS NO LESS NOW THAN IT WAS IN 1987.
THE OF SELF-
IN THIS
SIR PIERS SAID THERE WERE THOSE WHO HAD SUGGESTED THAT, AS HONG IT REGULATORY DISCIPLINES, KONG MANAGED WELL IN THE PAST WITH FEW COULD CONTINUE TO DO SO IN THE FUTURE.
HE SAID THIS VIEW WAS OUT OF STEP WITH THE CURRENT REALITIES OF THE SECURITIES MARKET.
A
OF AN INCREASINGLY "WHETHER WE LIKE IT OR NOT, WE ARE PART INTER-DEPENDENT WORLD MARKET IN WHICH INTERNATIONAL INVESTORS PLAY KEY ROLE. BOTH THEY AND OUR OWN INCREASINGLY SOPHISTICATED COMMUNITY EXPECT APPROPRIATE STANDARDS OF BUSINESS CONDUCT AND ACCOUNTABILITY.
**THE HONG KONG MARKET, MORE THAN MOST, DEPENDS FOR ITS GROWTH ON DEVELOPING ITS INTERNATIONAL DIMENSION.
"ACCORDINGLY,
WE
FUTURE
1+
HIGH PRIORITY ON WILL CONTINUE TO PLACE A
MARKETS, ENHANCING THE FAIRNESS, TRANSPARENCY AND EFFICIENCY OF OUR HE SAID.
THE
NEED TO
AND IN OF THE
SIR PIERS SAID THE GOVERNMENT WAS CONSCIOUS OF BALANCE THE INTERESTS OF DIFFERENT GROUPS OF MARKET PLAYERS INTEREST DOING So, IT WOULD NOT LOSE SIGHT OF THE OVERALL MARKET AND THE HONG KONG COMMUNITY.
"WE SHALL PLAY THIS ROLE WITH SENSITIVITY
AND GOOD
COMMON
SENSE,
" HE SAID.
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