XN000022-1990-06-15 — Page 5

FRIDAY, JUNE 15, 1990

UNDERTAKEN

THE DAY-TO-DAY MANAGEMENT OF THE STOCK EXCHANGE WAS

AND IMPROVEMENT BY PROFESSIONAL STAFF OF ABOUT 300 IN FIVE DIVISIONS TO THE LISTING RULES WAS COMPLETED IN DECEMBER 1989, MR NENDICK ADDING THAT INTERIM IMPROVEMENTS WERE MADE TO THE SETTLEMENT SYSTEM.

PUBLIC DEBATES AND DISCUSSIONS COUNCIL, THE

SAID,

SECURITIES

AND

THE ESTABLISHING

IN AND FUTURES SFC

LENGTHY FOLLOWING

THE LEGISLATIVE OUTSIDE COMMISSION ORDINANCE WAS ENACTED IN APRIL 1989, FROM MAY 1 THAT YEAR, HE SAID.

EARLY IN JUNE 1989, A MORE BROADLY-BASED AND REPRESENTATIVE

THE FUTURES BOARD TOOK OFFICE AT

EXCHANGE, FOLLOWING A WHOLESALE REVISION OF ITS CONSTITUTION, MR NENDICK SAID.

IS FOR LOOKING INTO THE DAYS AHEAD, MR NENDICK SAID: "THE AIM

PRODUCTS THE SFC AND THE EXCHANGES TO WORK TOGETHER IN DEVELOPING NEW

ENHANCE ATTRACTION OF WHICH WILL

HONG KONG AS AN INTERNATIONAL

FINANCIAL CENTRE.

LAST YEAR'S

EVENTS IN

AND I

OF "WE ARE RECOVERING FROM THE SHOCK CHINA WHICH PROVED THE VALUE OF THE REFORMS WE HAD INTRODUCED AM CONFIDENT THAT WE SHALL CONTINUE TO PROSPER.

TT

GOVT'S AIM TO MAKE HK AN ATTRACTIVE PLACE TO STAY

KONG A

THE GOVERNMENT'S AIM FOR THE LONG TERM IS TO MAKE HONG

THE SECRETARY FOR TRADE AND PLACE WHERE PEOPLE WILL WANT TO STAY, INDUSTRY, MR JOHN CHAN, SAID YESTERDAY (THURSDAY).

IN

SPEAKING AT A LUNCH MEETING OF THE SWEDEN-HONG KONG SOCIETY

GOVERNMENT'S STRATEGY WAS TO MAINTAIN STOCKHOLM, MR CHAN SAID THE GOVERNMENT'S THOSE ASPECTS OF HONG KONG LIFE THAT WERE MOST ATTRACTIVE, SUCH

RATES, AND DYNAMIC ECONOMY, FULL EMPLOYMENT AND LOW TAX FURTHER THE QUALITY OF LIFE IN HONG KONG IN TERMS OF, FOR CLEANER ENVIRONMENT, BETTER HOUSING AND SERVICES.

HIGHER STANDARDS

AS A TO IMPROVE EXAMPLE, A OF SOCIAL

MR CHAN SAID THE

GOVERNOR MASSIVE

A STRATEGY FOR ASSOCIATED FACILITIES

ON MAINTAINING A STRONG ECONOMY,

A LAST OCTOBER

COMPREHENSIVE ANNOUNCED EXPANSION OF HONG KONG'S PORT, AIRPORT AND COPE WITH ITS RAPIDLY GROWING ROLE AS AN ENTREPOT AND REGIONAL HUB.

ΤΟ

AND

ATTENTION INTERNATIONAL "THIS HAS ATTRACTED WIDESPREAD

THE VARIOUS INTEREST. WE ARE PUSHING AHEAD WITH DETAILED PLANNING OF PROJECTS IN THE PACKAGE," HE SAID.

STEPS ΤΟ SUPPORT MR CHAN SAID THE GOVERNMENT WAS ALSO TAKING THE FURTHER DEVELOPMENT OF HONG KONG'S MANUFACTURING INDUSTRIES.

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