MONDAY, JANUARY 28, 1991
HK FINANCIAL MARKETS STOOD UP TO CRISES
THE INVASION OF KUWAIT IN AUGUST LAST YEAR AND OUTBREAK OF WAR IN THE MIDDLE EAST EARLIER THIS MONTH GIVE THE FINANCIAL MARKETS IN HONG KONG A PARTICULARLY SEVERE TESTING, THE SECRETARY FOR MONETARY AFFAIRS, MR DAVID NENDICK, SAID TODAY (MONDAY).
"IT IS MOST ENCOURAGING THAT THEY HAVE STOOD CRISES SO WELL," MR NENDICK ADDED.
UP TO THESE
EXHIBITION
OF
SPEAKING AT THE OPENING OF THE 15TH ANNIVERSARY THE MANAGEMENT STUDIES SOCIETY AT THE HONG KONG UNIVERSITY, MR NENDICK POINTED OUT THAT THE STOCK MARKET IN HONG KONG WAS ONE OF THE BEST PERFORMING IN THE WORLD IN 1990.
"THE REFORMS WE CARRIED OUT TO OUR BANKING AND MARKETS IN THE 1980'S BAVE CLEARLY PROVED EFFECTIVE AND OUR RIGHTLY HAS CONFIDENCE IN THE SOUNDNESS OF OUR FINANCIAL SAID.
SECURITIES COMMUNITY
SYSTEM, "
HE
MR NENDICK NOTED THAT DESPITE PROGRESS IN THE MIDDLE EAST WAR SO FAR, UNCERTAINTIES WOULD CONTINUE TO DOMINATE MARKETS ACROSS THE WORLD FOR SOME TIME TO COME.
"MY ADVICE TO THE ORDINARY INVESTOR IN THESE CIRCUMSTANCES THAT HE OR SHE SHOULD LEAVE THE MARKETS ΤΟ THE PROFESSIONALS," ADDED.
19
HI
0
TENTATIVE LAW REFORM ON COPYRIGHT PROPOSED
A SUB-COMMITTEE UNDER THE LAW REFORM COMMISSION HAS RECOMMENDED INTERESTS OF A SERIES OF CHANGES TO COPYRIGHT LAWS TO SAFEGUARD THE CREATORS OF INTELLECTUAL PROPERTY WHILE AT THE SAME TIME ALLOW ACCESS TO CREATIVE IDEAS THAT STIMULATE COMPETITION.
AT PRESENT THE TYPES OF WORKS THAT ARE GOVERNED BY COPYRIGHT LAWS ARE CLASSIFIED AS LITERARY, DRAMATIC, MUSICAL AND ARTISTIC WORKS, SOUND RECORDINGS, CINEMATOGRAPH FILMS, SOUND BROADCASTS, TELEVISION BROADCASTS AND PUBLISHED EDITIONS OF LITERARY, DRAMATIC OR MUSICAL WORKS.
THR
THE EXISTING COPYRIGHT LAW THAT IS APPLIED IN HONG KONG IS ENGLISH COPYRIGHT ACT 1956, SUPPLEMENTED BY THE HONG KONG COPYRIGHT ORDINANCE.
FIELDS, SUCH AS MICRO- DIFFUSION, REPROGRAPHIC OTHER DIGITAL RECORDING
TECHNOLOGICAL PROGRESS9 IN VARIOUS COMPUTERS, SATELLITE BROADCASTING, CABLE COPYING, DOUBLE SPOOL AUDIO RECORDERS AND EQUIPMENT, HAS CALLED FOR A NEED TO CONDUCT A COMPREHENSIVE REVIEW.
/THE LAW