SATURDAY, JULY 3, 1993
BUT HE POINTED OUT CONTROLLED ECONOMY WOULD BCONOMY AS A WHOLE.
HE SUGGESTED A
MANAGEMENT
THAT HAVE
THE FREEING UP OF THE HITHERTO INFLATIONARY CONSEQUENCES FOR THE
MARKET-ORIENTED APPROACH TO MARCO MONETARY
IN CHINA TO FACILITATE THE ECONOMIC REFORMS AND TO TACKLE THE ACCOMPANYING PROBLEMS.
ON
THE HONG KONG MONETARY AUTHORITY, MR YAM SAID THE BODY HAD RECEIVED A VERY WARM WELCOME IN THE CENTRAL BANKING FRATERNITY SINCE ITS ESTABLISHMENT.
"I SEE OUR EMPHASIS BEING PLACED MORE ON ENSURING THAT WE PERFORM OUR DUTIES COMPETENTLY, AND ON BUILDING UP THE CREDIBILITY OF THE INSTITUTION AND THE POLICIES WE PURSUE, HE SAID.
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ΤΟ FILL THE GAPS IN THE CAPITAL MARKETS, MR YAM SAID THE EXCHANGE FUND BILLS PROGRAMME WAS INTRODUCED AT THE BEGINNING OF 1990.
**WE HAVE GRADUALLY EXTENDED THAT PROGRAMME AND ARE ISSUING TWO-YEAR EXCHANGE FUND NOTES.
NOW ALSO
"I HOPE SOON WE SHALL BE IN A POSITION TO START THE İSSUR OF THREE-YEAR NOTES.
"WE SHALL ALSO BE INTRODUCING LEGISLATION TO FACILITATE THE ISSUE AND CLEARING OF DEBT INSTRUMENTS IN PAPERLESS FORM SO THAT THE CENTRAL CUSTODY SYSTEM THAT WE HAVE BEEN DEVELOPING IN-HOUSE IN THE HKMA CAN BE PUT TO USE BY PRIVATE SECTOR ISSUERS.
THIS WILL FORM PART OF THE BANKING AMENDMENT BILL TO INTRODUCED SHORTLY INTO THE LEGISLATIVE COUNCIL, MR YAM SAID.
BE
IMPORTANCE OF HUMAN RIGHTS EMPHASISED
EXECUTIVE COUNCILLOR, MISS ROSANNA WONG, SAID TODAY (SATURDAY) THAT IN THE COURSE OF ENFORCING LAW AND ORDER, A PROPER BALANCE SHOULD BE STRUCK BETWEEN THE PROTECTION OF INDIVIDUAL RIGHTS AND THE INTEREST OF THE COMMUNITY AS A WHOLE.
SPEAKING AT THE OPENING CEREMONY OF THE ANNUAL CIVIC EDUCATION EXHIBITION, SHE SAID HUMAN RIGHTS EDUCATION SHOULD DISPEL DOUBTS CHERISHED BY SOME THAT THE HONG KONG BILL OF RIGHTS ORDINANCE (BOR) ENACTED IN JUNE 1991 WAS SOMETHING THAT COULD CHALLENGE SOCIAL ORDER.
IN THIS RESPECT, SHE HOPED THAT THE CPCE, WHICH ORGANISES THE EXHIBITION, AS WELL AS OTHER VOLUNTARY AGENCIES, WOULD WORK TOGETHER TO SPREAD THE CORRECT HUMAN RIGHTS MESSAGES.
AS REGARDS THE COMMITTEE'S WORK, SHE SAID: "I AM DELIGHTED ΤΟ LEARN THAT IT HAS PLACED EMPHASIS ON YOUTHS AND STUDENTS IN ITS PROMOTION OF AWARENESS ON HUMAN RIGHTS AND THE RULE OF LAW.
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/CITING EXAMPLES