XN000022-1987-09-21 — Page 5

MONDAY, SEPTEMBER 21, 1987

HE

INTRODUCE HOPES TO SAID

A HE

BILL ON

OF DISCLOSURE NEXT FEW MONTHS SHAREHOLDINGS TO THE LEGISLATIVE COUNCIL WITHIN THE

WHITE BILL IN JUNE. HE ALSO SAID THE AFTER PUBLICATION OF THE

REGULATE INSIDER GOVERNMENT WOULD FORMULATE LEGISLATIVE PROPOSALS TO TRADING "IN THE NOT TOO DISTANT FUTURE”.

GOVERNMENT IS CAREFULLY KONG AND VENTURE

AT THE SAME TIME, MR JACOBS SAID THE CONSIDERING A PROPOSAL FROM BOTH THE STOCK EXCHANGE OF HONG

KONG ASSOCIATION OF BANKS ON A WORKING PARTY OF THE HONG

CAPITAL TO SET UP A SECOND MARKET FOR SECURITIES.

FOR SMALL HE SAID SUCH A MARKET COULD BE OF SPECIAL RELEVANCE

FIRMS WHICH CANNOT MEET AND MEDIUM-SIZED INDUSTRIAL AND COMMERCIAL THE FULL LISTING REQUIREMENTS OF THE EXCHANGE,

"THE

WE STEPS

ARE TAKING DEMONSTRATE THE MAINTAIN FAIR DETERMINATION TO

REGULATORY FRAMEWORK

ENSURE THAT FINANCIAL ENVIRONMENT THAT ARE NECESSARY TO AND BUSINESS CONTINUE TO HAVE THE CONFIDENCE TO INVEST IN HE SAID.

THE FINANCIAL SECRETARY

GOVERNMENT'S

AND STABLE INDIVIDUALS

KONG,

HONG

T

SAID THE PROPERTY MARKET HAS BEEN YEAR. "THERE HAVE BEEN "HEALTHILY ACTIVE" IN THE FIRST HALF OF THE SIGNIFICANT INCREASES IN PRICES AND RENTALS FOR ALMOST ALL OF PROPERTY ALTHOUGH VERY RECENTLY THERE HAS BEEN SOME HE SAID.

CATEGORIES TAILING OFF,

11

ΤΟ

FOR BUILDING

THE HIGH

INVESTMENT,

LEVEL OF

GIVEN THE LONG PAY-BACK PERIOD

ANOTHER POINTER MR JACOBS SAID THIS IS YET BUSINESS CONFIDENCE IN THE HONG KONG ECONOMY.

THE PROVISION

EXPANSION PLANS FOR AIRPORT AS EXAMPLES OF

HE SAID THE GOVERNMENT IS NOT LAGGING BEHIND IN OF INFRASTRUCTURAL SUPPORT, MR JACOBS CITED THE PORT FACILITIES, THE STUDY ON A REPLACEMENT THE GOVERNMENT'S INFRASTRUCTURAL DEVELOPMENT PLANS.

ALSO

DISCLOSED то REVIEW

THAT

GOVERNMENT

ALL

HE

INTENDS ΤΟ THE

ENGAGE IN CONSULTANTS

RELEVANT STUDIES AND CO-ORDINATE

THE MOST RELATION TO THE PORT AND AIRPORT WITH A VIEW TO DETERMINING APPROPRIATE OPTIONS IN TERMS OF STRATEGIC PLANNING.

WILL "THIS CONSULTANCY COMPLETED DURING 1989.

START WITHIN

A FEW MONTHS AND BE

"

MR JACOBS,

HOWEVER, REITERATED

THE NEED "TO CONSTRAIN THE GROWTH OF PUBLIC EXPENDITURE WITHIN THE GROWTH RATE OF THE ECONOMY.

11

**

MADE "SOME BETTER ASSESSING

TO THIS END, MR JACOBS SAID THE ADMINISTRATION HAS VALUABLE PROGRESS' ON MEASURES TO ASSIST EXPENDITURE PRIORITIES. HE ALSO BETTER CONTROL MECHANISMS

IN SAID THE GOVERNMENT BOTH IN RELATION TO

PROGRAMMES AND IN RELATION TO RECURRENT EXPENDITURE.

THE

NOW HAS MUCH CAPITAL WORKS

/LOOKING AHEAD