SATURDAY, NOVEMBER 5, 1988
"WE ARE ALSO PLANNING
THE SANCTIONS
SUBSTANTIALLY
EXISTING TRIBUNAL SYSTEM.
2
ΤΟ
INTRODUCE
AGAINST INSIDER
TO LEGISLATION
INCREASE DEALERS UNDER OUR
THE "WE ARE FIRMLY OF THE VIEW THAT INSIDER DEALING UNDERMINES
BEST ΤΟ SEE FAIRNESS OF THE MARKET AND WE ARE DETERMINED TO DO OUR THAT IT DOES NOT OCCUR.
THE COURSE
IN BEING HE SAID,
OF
IN FORCE "WE AIM TO BRING BOTH MEASURES INTO NEXT YEAR WHEN THE NEW SECURITIES AND FUTURES COMMISSION IS AND HAS RESOURCES AVAILABLE TO ENSURE PROPER ENFORCEMENT,
tr
KONG'S DEVELOPMENT MR NENDICK SAID ONE KEY FACTOR BEHIND HONG AS AN INTERNATIONAL FINANCIAL AND BUSINESS CENTRE WAS ITS LOCATION.
"HONG KONG IS SEEN AS THE GATEWAY TO CHINA,' IDEALLY PLACED HE SAID. TRADE AND INVESTMENT IN CHINA,
MR NENDICK SAID HONG KONG HAD OVER THE PAST CHINA TO CARRY OUT IMPORTANT ROLE PROGRAMME.
FOR
IN HELPING
DECADE PLAYED AN ITS MODERNISATION
"IT IS OUR HOPE AND EXPECTATION THAT WE NOT ONLY A SOURCE OF TRADE AND INVESTMENT, BUT ALSO FINANCIAL CENTRE LINKING CHINA WITH THE REST OF THE WORLD.
CAN
CONTINUE TO BE, AN ECONOMIC
AND
BENEFIT
OF BOTH
HONG
KONG
AND
"THIS WILL BE TO THE MUTUAL CHINA. THUS HONG KONG WILL REMAIN AN EXCELLENT BASE FOR EXPLOITING THE CHINA MARKET, HE SAID.
EXCELLENT PLACE IN
HONG KONG IS, AND WILL CONTINUE TO BE, AN WHICH TO INVEST AND TO DO BUSINESS, MR NENDICK STRESSED.
IN
"IT IS NOW THE MOST IMPORTANT SOURCE OF
PLAY HAS CHINA AND
A DEVELOPMENT, HE SAID.
CRUCIAL
то ROLE
TRADE AND INVESTMENT
IN
ECONOMIC CHINA'S
THE CONFERENCE IN
LOS ANGELES
IS
BEING
ATTENDED
BY CHIEF
EXECUTIVE OFFICERS OF SOME 100 TOP AMERICAN AND ASIAN CORPORATIONS.
OTHER SPEAKERS AT THE "PACIFIC STRATEGIES'
CHAIRMAN
MR STEPHEN SOLARZ, SUB-COMMITTEE ON ASIAN AND
ROUNDTABLE INCLUDE
OF REPRESENTATIVES
OF THE PACIFIC
U.S. HOUSE AFFAIRS;
FORMER AND MR JAPANESE
THE
STATE, DR HENRY KISSINGER; MR EDMUND MUSKIE U.S. AMBASSADOR TO CHINA, MR WINSTON LORD; FINANCE, MR TOYOO GYONTEN; AND THE GOVERNOR OF THE PHILIPPINES, MR JOSE FERNANDEZ.
OF
SECRETARIES ALEXANDER HAIG; VICE-MINISTER OF CENTRAL BANK OF
15
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