XN000022-1988-10-29 — Page 4

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SATURDAY, OCTOBER 29, 1988

SMA TO VISIT MAJOR U.S. CITIES

THE SECRETARY FOR MONETARY AFFAIRS, MR DAVID NENDICK WILL LEAVE FOR A TOUR OF THE UNITED STATES ON MONDAY (OCTOBER 31) TO REINFORCE HONG KONG'S IMAGE AS A MAJOR INTERNATIONAL FINANCIAL CENTRE.

THE TWO-WEEK VISIT WILL TAKE MR NENDICK TO FIVE MAJOR CITIES WHERE HE WILL TALK TO SENIOR EXECUTIVES IN THE SECURITIES, BANKING, FINANCIAL AND BUSINESS SECTORS AND ALSO MEET LEADING ACADEMICS WITH AN INTEREST IN HONG KONG.

COMMENTING ON HIS FORTHCOMING VISIT, MR NENDICK SAID TODAY (SATURDAY): "WITH MORE THAN US$6 BILLION INVESTED IN MANUFACTURING AND MAJOR STAKES IN OUR BANKING AND SECURITIES SECTORS, IT IS OF UTMOST IMPORTANCE THAT AMERICAN BUSINESS AND FINANCIAL EXECUTIVES BE INFORMED AT THE HIGHEST POSSIBLE LEVELS WHAT CHANGES HAVE BEEN AND ARE BEING MADE IN HONG KONG IN THE WAKE OF THE STOCK MARKET CRASH LAST OCTOBER.

TAKEN

ΤΟ

ΤΟ "IT IS MY MISSION

EXPLAIN THE MEASURES BEING REFORM OUR MARKETS AND TO REASSURE OUR AMERICAN FRIENDS THAT HONG KONG HAS A BETTER, STRONGER MARKET AS A RESULT," HE ADDED.

MR NENDICK SAID HE WOULD ALSO PROMOTE THE BROADER PICTURE THAT HONG KONG'S ROLE AS AN INTERNATIONAL FINANCIAL CENTRE IS DEVELOPING RAPIDLY AND SYSTEMATICALLY, AND

GROW IN IMPORTANCE AS CHINA EMERGES FURTHER IN THE INTERNATIONAL ARENA.

WILL

LABOUR RELATIONS CONFERENCE OVER-SUBSCRIBED

* * * * *

THE LABOUR RELATIONS CONFERENCE MARKING THE OPENING OF THE TERRITORY-WIDE LABOUR RELATIONS '88 ACTIVITIES ON NOVEMBER (THURSDAY) HAS BEEN OVER-SUBSCRIBED.

AS A RESULT, THE CONFERENCE VENUE HAS BEEN CHANGED FROM THE CITY HALL'S THEATRE TO THE CONCERT HALL, TO CATER FOR THE KEEN RESPONSE FROM THE PUBLIC.

A SPOKESMAN FOR THE LABOUR RELATIONS '88 ORGANISING COMMITTEE SAID TODAY (SATURDAY) ABOUT 650 PARTICIPANTS HAVE SO FAR REGISTERED FOR THE CONFERENCE WHICH WAS ORIGINALLY PLANNED FOR 460 PEOPLE.

THE CONFERENCE