THURSDAY, JANUARY 27, 1994
GREAT GROWTH POTENTIAL FOR FUND MANAGEMENT INDUSTRY
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THE FINANCIAL SECRETARY, SIR HAMISH MACLEOD, SAID TODAY (THURSDAY) THAT THERE WOULD BE FURTHER IMPETUS FOR THE GROWTH OF THE FUND MANAGEMENT INDUSTRY IN HONG KONG.
SPEAKING AT THE SUNDAY MORNING POST FUND MANAGER OF THE YEAR AWARDS PRESENTATION CEREMONY, HE SAID THE INTRODUCTION OF THE OCCUPATIONAL RETIREMENT SCHEME ORDINANCE LAST YEAR PROVIDED A WELL- REGULATED ENVIRONMENT, GENERATING NEW BUSINESS OPPORTUNITIES FOR INVESTMENT MANAGERS.
HE SAID THIS GROWTH WOULD BE GOING HAND IN HAND WITH THE PROPOSED OLD AGE PENSION SCHEME NOW UNDER CONSIDERATION.
SIR HAMISH POINTED OUT THAT THE SCHEME WOULD COMPLEMENT RATHER THAN REPLACE THE VOLUNTARY APPROACH TO RETIREMENT PROTECTION.
"PERSONAL CHOICE ABOUT SAVINGS IS A FUNDAMENTAL PART OF HONG KONG'S WAY OF LIFE.
THE
"THE PROPOSED OLD AGE PENSION SCHEME PROVIDES SOMETHING DIFFERENT
A
OUR PENSION AS A RIGHT FOR
ELDERLY, SOMETHING COMMUNITY CAN AFFORD AS OUR ECONOMY PROGRESSES, HE SAID.
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HE BELIEVED THAT PRIVATE PENSION FUND SCHEMES WOULD CONTINUE TO PLAY AN IMPORTANT PART FOR THOSE WHO WISHED TO MAKE BETTER PROVISION FOR THEIR RETIREMENT AND THERE WOULD BE IMMENSE BUSINESS POTENTIAL FOR THE FUND MANAGEMENT INDUSTRY.
HK HOLDS FIRST-EVER REGIONAL STAMP EXHIBITION
FROM
EXHIBITION
HONG KONG WILL HOLD ITS FIRST-EVER REGIONAL STAMP FEBRUARY 18 - 21 AT THE HONG KONG CONVENTION AND EXHIBITION
CENTRE.
POSTAL
SOME 140 SALES BOOTHS HAVE BEEN TAKEN UP BY OVERSEAS ADMINISTRATIONS, AND LOCAL AND OVERSEAS STAMP DEALERS, THE ACTING POSTMASTER GENERAL. MISS NANCY LAW, SAID.
THE HONG KONG POST OFFICE WILL SET UP A SALES COUNTER TO SELL PHILATELIC ITEMS. AS THE COUNTER IS NOT A TEMPORARY POST OFFICE, OTHER SERVICES WILL NOT BE AVAILABLE.
"TWO PROMINENT SECURITY PRINTERS, LEIGH-MARDON PTY LTD OF AUSTRALIA AND JOH ENSCHEDE OF THE NETHERLANDS, WILL ALSO PARTICIPATE BY SHOWING PART OF THE STAMP PRINTING PROCESS, SHE SAID.
CENTRE,
THE EXHIBITION WILI. BE STAGED ON THE SEVENTH 1 HARBOUR ROAD, WAN CHAI. ADMISSTON IS FREE.
THE OPENING HOURS ARE:
FLOOR OF THE
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