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"Sir Ti Liang has given 40 years of outstanding service to the Judiciary of Hong Kong. He served with distinction throughout as Magistrate, District Judge, Judge of the High Court, Judge of Appeal and finally as the first local Chief Justice. His patience and fairness in the exercise of judicial office have been an example to us all.
"In his term as Chief Justice, his administrative and procedural reforms have set the Judiciary upon a course which will place it in the forefront of Common Law jurisdictions as we proceed into the 21st century.
"All in the Judiciary join with me in sending to him and Lady Yang our best wishes for their health and happiness in the future."
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HK's financial infrastructure inspires confidence: FS
Hong Kong's improved financial infrastructure, backed by a fair and transparent regulatory regime, had inspired the confidence of international investors and financial market practitioners, the Financial Secretary, Mr Donald Tsang, said today (Friday).
Speaking at the International Currency Options Symposium this morning, Mr Tsang said the Government was committed to maintaining Hong Kong as an international financial centre.
"As far as the securities and futures sector is concerned, our targets are to ensure the orderly operation of the sector and to encourage the development of new products and services.
"We seek to strike a balance between the degree of prudential regulation necessary to ensure the continued reliability and high reputation of our goods and services, and the degree of freedom necessary to ensure that our markets remain vigorously innovative and competitive," he said.
Mr Tsang said Hong Kong's financial services regulatory system had evolved in response to changes in the international scene and its financial services regulators had continued to develop in the recent years.
"Following the October 1987 world-wide stock market crash, we have overhauled our regulatory framework and risk management system," he said.