XN000022-1991-04-04 — Page 2

THURSDAY, APRIL 4, 1991

1

NO CHANGE TO SIZE CRITERIA FOR BANK LICENSING

*

THERE WILL BE NO CHANGE TO THE SIZE CRITERIA FOR THE GRANT OF BANKING LICENCE, A GOVERNMENT SPOKESMAN SAID TODAY (THURSDAY).

REVIEW.

THE SIZE CRITERIA FOR BANK LICENSING IS SUBJECT TO ANNUAL

'THE 1990 REVIEW HAS BEEN COMPLETED AND THAT NO CHANGE TO THE CRITERIA FOR BOTH LOCAL AND FOREIGN APPLICANTS IS CONSIDERED NECESSARY," HE SAID,

THE EXISTING CRITERIA INCLUDED A REQUIREMENT ON THE TOTAL ASSETS (LESS CONTRA ITEMS) OF THE APPLICANT TO BE AT LEAST HK$2,500 CASE MILLION IN THE CASE OF LOCAL APPLICANTS AND US$14 BILLION IN THE OF FOREIGN APPLICANTS.

RULE OF LAW ALIVE IN HONG KONG

*

DEFENCE

THE SOLICITOR GENERAL, MR FRANK STOCK, ISSUED A STRONG ON WEDNESDAY OF THE HONG KONG GOVERNMENT'S HUMAN RIGHTS RECORD ON THE LAST OF THE THREE-DAY HEARING

THE UNITED NATIONS HUMAN RIGHTS

COMMITTEE.

BY

HE

FIRMLY

REJECTAD

SUGGESTIONS

ADMINISTRATIVE AUTHORITIES WERE MOVING AWAY REPRESSION.

THAT FROM

THE HUMAN

HONG KONG FREEDOMS

ΤΟ

"CONSIDER THAT ACCUSATION AGAINST THE OBJECTIVE STOCK TOLD THE 18-MENBER COMMITTEE OF INTERNATIONAL EXPERTS THE HUMAN RIGHTS RECORD OF THE UNITED KINGDOM AND

OF TERRITORIES AS HE LISTED THE SUBSTANTIAL RANGE KONG GOVERNMENT HAS TAKEN IN THE FIELD OF HUMAN RIGHTS.

ACTIONS

RIGHTS, THE

FACTS,

T

MR

REVIEWING DEPENDENT THE HONG

PROPOSED

MR STOCK CITED THE DRAFT BILL OF DECRIMINALISATION OF HOMOSEXUAL ACTS, THE ABOLITION OF JUDICIAL CORPORAL PUNISHMENT, THE LIBERALISATION OF EDUCATIONAL REGULATIONS, AN ONGOING REVIEW

LEGISLATION, AND THE LAW REFORM COMMISSION REVIEW OF SUCH ISSUES AS PRIVACY, ILLEGITIMACY AND POLICE POWER.

OF

4

"THE RULE OF LAW IS ALIVE IN HONG KONG IN THE

THE JUDICIARY," HE ADDED.

INDEPENDENCE OF

MOVING AWAY FROM KONG ARE

"I DON'T THINK IT FOLLOWS THAT HONG KONG IS HUMAN RIGHTS AND TOWARD REPRESSION. THE AUTHORITIES OF HONG INCREASINGLY ACTIVE IN AND AWARE OF THIS FIELD."

/IN RESPONSE

---