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MONDAY, OCTOBER 7, 1991
LEGISLATION, SOME NEW, SOME REVISED, REGULATION UP TO INTERNATIONAL STANDARDS;
BRING THE MARKET
THE INITIATION OF A MAJOR OVERHAUL OF THE ENTIRE BODY OF THE SECURITIES LEGISLATION.
"ON THE SYSTEMS SIDE, A NEW AUTOMATED CENTRAL SECURITIES CLEARING SYSTEM WILL SOON BE INSTALLED. LATER IT WILL BE MATCHED BY AN AUTOMATED TRANSACTION SYSTEM BEING DEVELOPED BY THE STOCK
EXCHANGE.
.
"ALL OF THESE IMPROVEMENTS WILL HELP TO ENSURE THAT THE HONG KONG MARKET IS PROPERLY EQUIPPED TO MEET THE CHALLENGES AHEAD, SAID SIR DAVID.
THE GOVERNOR ALSO PAID TRIBUTE TO SIR Q W LEE, CHAIRMAN OF STOCK EXCHANGE OF HONG KONG, WHO WOULD BE RETIRING AT THE END OF YEAR.
THE
THIS
"WITH HIS PATIENCE SKILL AND INTEGRITY HE HAS DONE AN IMMENSE AMOUNT TO HELP BUILD THE SORT OF STOCK EXCHANGE WE WILL NEED FOR THE FUTURE," HE SAID.
GOVERNOR PRESENTS 1991/92 POLICY ADDRESS
THE GOVERNOR, SIR DAVID WILSON, WILL PRESENT ADDRESS AT 2.30 PM ON WEDNESDAY (OCTOBER 9) WHEN HE 1991-92 SESSION OF THE LEGISLATIVE COUNCIL.
THE GOVERNOR'S ADDRESS WILL BE BROADCAST LIVE ON AND JADE); ATV (WORLD AND HOME); AND RTHK'S RADIO 1 AND 5 AND RADIO 3 (ENGLISH). COMMERCIAL RADIO'S AM 864 WILL ALSO THE SPEECH LIVE IN CHINESE.
HIS POLICY OPENS THE
TVB (PEARL (CHINESE),
BROADCAST
ATTENTION NEWS EDITORS:
WEDNESDAY
A SPECIAL CLOSED WORKING SESSION WILL BE ARRANGED ON (OCTOBER 9) IN THE GIS PRESS CONFERENCE ROOM ON THE FIFTH FLOOR OF BEACONSFIELD HOUSE TO ENABLE MEDIA REPRESENTATIVES TO WORK ON ADVANCE COPIES OF THE GOVERNOR'S POLICY ADDRESS. THE SESSION WILL START AT 12 NOON.
MEDIA REPRESENTATIVES WORKING ON ADVANCE COPIES OF THE GOVERNOR'S SPEECH WILL NOT BE ABLE TO LEAVE GIS PRESS CONFERENCE ROOM WITH THEIR COPIES BEFORE 2.30 PM.
EDITORS ARE REMINDED THAT CONTENTS OF THE POLICY ADDRESS ARE EMBARGOED UNTIL THE GOVERNOR HAS DELIVERED HIS SPEECH.
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