XN000022-1987-10-21 — Page 11

10

WEDNESDAY, OCTOBER 21, 1987

FS: RISK AND RETURN INSEPARABLË ELEMENTS

STOCK

EXCHANGE

OUTSTANDING

TO

AN

ORDERLY

THE DECISION BY THE BOARD OF THE HONG KONG SUSPEND TRADING SHOULD: ENABLE THE PROPER SETTLEMENT OF TRANSACTIONS AND "LIKE EVERYONE ELSE I LOOK FORWARD TO OPENING OF THE MARKET, THE FINANCIAL SECRETARY, MR PIERS JACOBS, SAID TODAY.

M

SPEAKING AT THE OPENING CEREMONY OF THE MONEY '87 HONG KONG EXHIBITION, MR JACOBS SAID IT WAS AXIOMATIC THAT ALL WHO PARTICIPATED IN THE MARKET MUST NOT FORGET THAT RISK AND RETURN WERE INSEPARABLE ELEMENTS IN ANY INVESTMENT.

HR POINTED OUT THAT STOCK MARKETS AROUND THE WORLD HAD SUFFERED SHARP FALLS THIS WEEK, AND THE PLUNGE IN HONG KONG MIRRORED SIMILAR ADJUSTMENTS ELSEWHERE.

THE YEAR CENT AND A CORRECTION

IT HAD TO BE REMEMBERED THAT SINCE THE BEGINNING OF THE HANG SENG INDEX HAD RISEN BY SOME 50 PER HAD BEEN EXPECTED FOR SOME TIME.

HOWEVER, HE

SAID THAT GIVEN

THE

OF STRENGTH

HONG KONG'S

ECONOMY THE STOCK MARKET REMAINED SOUND.

SHOULD

INVESTORS MR JACOBS SAID

KNOW THEIR OBJECTIVES AND UNDERSTAND THE NATURE OF THEIR INVESTMENTS BEFORE MAKING DECISIONS. THE INFORMED INVESTOR WAS A GOOD INVESTOR.

INVESTMENT

"THAT IS WHY THIS EXHIBITION IS TIMELY AND USEFUL IN PROVIDING EXAMINE AND MEMBERS OF THE PUBLIC WITH A FIRST-CLASS OPPORTUNITY TO

THE CONSIDER FOR THEMSELVES THE MANY AND VARIED PRODUCTS AVAILABLE ON INVESTMENT MARKET, THEIR NATURE AND PROSPECTS," HE SAID.

A

BECOMING MORE COMPLEX HE NOTED THAT FINANCIAL INVESTMENT WAS

BEEN AND SOPHISTICATED, AND TO HELP THE INVESTING PUBLIC THERE HAD

PROVIDING INVESTMENT SIGNIFICANT INCREASE IN THE NUMBER OF COMPANIES ADVICE AND SERVICES.

GOVERNMENT WOULD

CONTINUE TO MAKE REGULATED

MR JACOBS ADDED THAT THE EVERY EFFORT TO MAINTAIN HONG KONG AS AN EFFICIENT AND WELL MARKET-PLACE THAT COMMANDED INVESTORS' CONFIDENCE.

SPEAKING TO REPORTERS AFTER THE

OPENING CEREMONY, MR JACOBS STOCK EXCHANGE OF

SAID THE GOVERNMENT WAS IN CLOSE CONTACT WITH THE HONG KONG ON THE POSSIBILITY OF AN EARLY RE-OPENING OF THE MARKET.

FOR AN

"IF THINGS LOOK RIGHT

KARLIER OBVIOUSLY A POSSIBILITY, BUT I WOULDN'T WANT TO THIS MOMENT IN TIME, HE SAID.

Fu

OPENING, PREDICT

AND THAT'S ANYTHING AT

/MR JACOBS