WEDNESDAY, JULY 3, 1991
18
NEW FUTURES CONTRACTS ON HANG SENG SUB-INDICES
THE HONG FUTURES CONTRACTS
THE GOVERNOR IN COUNCIL HAS APPROVED A PROPOSAL FROM KONG FUTURES EXCHANGE (HKFB) TO INTRODUCE FOUR NEW BASED ON EACH OF THE HANG SENG SUB-INDICES, NAMELY FINANCE, UTILITIES, PROPERTIES, AND COMMERCE AND INDUSTRY.
ANNOUNCING THIS TODAY (WEDNESDAY), A GOVERNMENT SPOKESMAN AN ORDER HAD BEEN MADE BY THE GOVERNOR IN COUNCIL UNDER S.115 OF COMMODITIES TRADING ORDINANCE TO AMEND SCHEDULE 1 OF THE ORDINANCE
HABLE THE NEW FUTURES CONTRACTS TO BE TRADED ON THE HKFE.
THE SECURITIES AND FUTURES COMMISSION (SFC) CLOSELY WITH THE HKFE ON THE SUB-INDEX
THERE
ARE
PROPER
SAID THE
ΤΟ
HAS BEEN WORKING CONTRACT PROPOSAL ΤΟ ENSURE AND ADEQUATE MECHANISMS MANAGEMENT
OF THE LEVEL OF THE MANIPULATION
RISK
THAT MEASURES AGAINST POSSIBLE
SUB-INDICES FOR THE PROTECTION OF MARKET USERS.
"WE RECOGNISE THE WISH OF THE HKFE TO
TO CONTINUE THE
OF
PRODUCTS MEET THE THE FOR
INVESTOR
INTRODUCE NEW VOLUME AND TO ADEQUATE SAFEGUARDS
OF DEGREE APPROPRIATE
GROWTH
NEEDS, SUBJECT
OF THE
THE
MARKET
TURNOVER
ΤΟ
AND AN
CHANGING MARKET
INTEGRITY
PROTECTION," THE SPOKESMAN SAID.
"THE SFC HAS CONFIRMED
FRAMEWORK,
THAT
A PROPER REGULATORY IS NOW IN PLACE,
17
HE ADDED.
INCLUDING RISK MANAGEMENT MEASURES,
THE COMMODITIES TRADING (AMENDMENT OF SCHEDULE WILL BE BROUGHT INTO EFFECT ON JULY 12 THIS YEAR UPON THE GAZETTE.
1) ORDER 1991 PUBLICATION IN
TELA MET FILM INDUSTRY REPRESENTATIVES
NEW TERRITORIES REPRESENTATIVES OF THE HONG KONG, KOWLOON AND
THEATRES MOTION PICTURE INDUSTRY ASSOCIATION (MPIA) AND THE HONG KONG ASSOCIATION HELD A DISCUSSION ON MONDAY (JULY 1) WITH OFFICIALS OF THE MATTERS RELATING TELEVISION AND ENTERTAINMENT LICENSING AUTHORITY ON
THE CINEMAS,
PUBLICATION TO THE DISPLAY OF FILM STILLS IN
FILM GENERAL FILM STANDARDS APPLIED ADVERTISEMENTS IN NEWSPAPERS AND THE UNDER THE THREE-TIER FILM CLASSIFICATION SYSTEM.
OF
WITH TELA OBSCENE AND INDECENT FILM STILLS AND OTHER PARTICULAR THOSE CONCERNING
AT THE MEETING, THE REPRESENTATIVES EXCHANGED VIEWS OFFICIALS ON THE ENFORCEMENT OF THE CONTROL OF ARTICLES ORDINANCE (COIAO) ON THE DISPLAY OF
IN IN CINEMAS, PROMOTIONAL MATERIALS CATEGORY III FILMS.
PROMOTING
THE EFFORTS OF THE MPIA IN IN THIS RESPECT, TELA WELCOMED
THE FILM SETTING UP AN INTERNAL COMMITTEE TO EXAMINE FILM STILLS FOR
SELF-REGULATION THEREBY DISTRIBUTORS, FILM INDUSTRY IN COMPLIANCE WITH THE COIAO.
WITHIN
THE
/TELA OFFICIALS