TUESDAY, OCTOBER 11, 1994
THE
TRANSCRIPT OF REMARKS BY FS
BY
FOLLOWING
THE IS
TRANSCRIPT OF REMARKS MADE
THE FINANCIAL SECRETARY, SIR HAMISH MACLEOD, TODAY (TUESDAY) AFTER OPENING THE NEW HONG KONG TOURIST ASSOCIATION HEADQUARTERS:
FS:
THE
SEE HI, IT'S NICE TO
MONEY BEING TURNED INTO SOMETHING USEFUL, AS I SAID IN MY SPEECH, AND I DO BELIEVE TOURISM 19
WE'VE GOT TO KEEP A VERY IMPORTANT INDUSTRY IN HONG KONG.
PROMOTING AND I THINK 1Ꭲ . WE'VE GOT TO KEEP PROMOTING HONG KONG FOR TOURISM,
TO SAY THE HKTA DOES IT VERY WELL, SO I'M VERY HAPPY TO BE HERE JUST THAT. - QUESTIONS?
QUESTION:
SIR
HAMISH, IF THE
THE INFORMATION,
CONFIDENTIAL
INFORMATION THERE WILL
IS
BE
ON
FINANCIAL INFORMATION
THE EXCHANGE FUND AND THE RELEASED ΤΟ THE CHINESE OFFICIALS AND SOMEBODY ELSE, ABUSE? AND HOW TO AVOID THAT?
OF THE
FS:
WELL, I DON'T KNOW WHY SO MUCH ATTENTION IS FOCUSED ON THE EXCHANGE FUND BECAUSE I DON'T THINK THAT WAS THE SUBJECT ORIGINAL REQUEST. THE REQUEST FROM THE CHINESE SIDE WAS MAINLY AT THE BUDGET AND THE FINANCIAL SYSTEM, NOT THE MONETARY SIDE. IN GENERAL, THE EXCHANGE FUND, OF COURSE, SINCE JUST A FEW YEARS
SECRET WE PUBLISH THE MAIN RESULTS EVERY YEAR, SO THERE IS NO THAT, WE TABLE IT IN LEGCO EVERY YEAR.
NO DOUBT, AS WE GET NEARER TO 1997,
BUT I AM DIALOGUE ON THE EXCHANGE FUND, REQUESTS FOR DETAIL ON THE EXCHANGE FUND. SPECULATION ABOUT WHO KNOWS WHAT IS IN THE EXCHANGE FUND. THE EXCHANGE FUND ADVISORY COMMITTEE, GUIDELINES, IT DOESN'T DECISIONS.
SO IT'S
INVESTMENT DECISIONS.
AIMED I MEAN
AGO, ABOUT
WE WILL HAVE TO HAVE A
NOT
OF AWARE
ANY GREAT
LOT IN FACT THERE IS A
OF I MEAN EVEN GENERALLY SPEAKING, SETS THE INDIVIDUAL DECISIONS, INVESTMENT
ΤΟ KEPT
THE EXPERT STAFF
NEED AND I DON'T THINK THERE IS ANY
DEAL WITH VERY MUCH
SORT OF THING TO BE DISCUSSED WITH ANYONE ELSE.
QUESTION:
FS: GIVEN
THE FOR THAT
WHEN SHOULD THE APPROPRIATE TIME BE? CAN YOU TELL US?
WELL, IT'S A VERY NEW SUBJECT, I DON'T THINK
BUT CLEARLY, WHEN IT, ACTUALLY, MUCH THOUGHT. NEARING 1997 AND WE HAVE TO MAKE ARRANGEMENTS TO HAND
FUND ASSETS, THE EXCHANGE
AND WILL BE AMONG THEM, ON THAT. BUT MEANWHILE, I'M NOT AWARE DIALOGUE INFORMATION WHICH WE'RE ACTUALLY BEING ASKED FOR.
QUESTION: WHEN
WE HAVE
WE'RE
ACTUALLY
OVER VARIOUS HAVE A WE'LL OF ANY PARTICULAR
RIGHT NOW, CONFIDENTIAL
DO YOU THINK THERE SHOULD BE RESTRICTIONS GOING THERE'S
TO BE A TRANSFER OF THESE HIGHLY FINANCIAL DATA
FS:
THAT THE CHINESE
SORT
AS I SAY, I DON'T THINK, ACTUALLY, SIDE HAS ASKED FOR DETAILS ON THE INVESTMENTS DECISIONS AND THAT OF THING. I DON'T THINK THEY'VE ASKED FOR THAT.
/QUESTION: