XN000022-1991-08-30 — Page 7

LO

FRIDAY, AUGUST 30, 1991

TABLE 2 : RE-EXPORTS FROM THE 10 MAJOR COUNTRIES OF ORIGIN

COUNTRY OF ORIGIN

JAN-JUN 1991 (HKD MN.)}

JAN-JUN 1990 (HKD MN.)

INCREASE/ DECREASE (HKD MN.)

PERCENTAGE CHANGE ( % )

CHINA

133,843

102,393

+31,450

+31

JAPAN

25,487

19,189

+ 6,298

+33

TAIWAN

18,547

13,764

+ 4.783

+35

U.S.A.

12,472

12,429

43

REPUBLIC OF KOREA

6,970

5,155

+ 1,815

+35

F. R. OF GERMANY

3,094

2,502

592

+24

UNITED KINGDOM

2,813

2.112

701

+33

SINGAPORE

2,708

2,346

362

+15

SWITZERLAND

2,658

2,226

432

+19

FRANCE

2,646

2,265

381

+17

* DENOTES LESS THAN 0.5%

SEVENTH ANNUAL REPORT OF STANDING COMMITTEE

ON COMPANY LAW REFORM PUBLISHED

THE STANDING COMMITTEE ON COMPANY LAW REFORM HAS SUBMITTED ANNUAL REPORT FOR 1990 TO THE GOVERNMENT, A GOVERNMENT SPOKESMAN TODAY (FRIDAY).

ITS

SAID

AMONG THE SUBJECTS ANSWERED BY THE COMMITTEE WAS THE COMPANIES PURCHASING THEIR OWN SHARES.

ISSUE OF

COMMITTEE RECOMMENDED THAT IN ITS SIXTH REPORT, THE STANDING

SHOULD BE AMENDED TO ALLOW COMPANIES THE COMPANIES ORDINANCE

SUBJECT

NUMBER TO A

OF SAFEGUARDS PURCHASE THEIR OWN SHARES, PROTECT CREDITORS AND NON-SELLING SHAREHOLDERS.

TO ΤΟ

IN

THE 1990, JUNE

STANDING

COMMITTEE ENDORSED

DETAILED

PROPOSALS BY THE SECURITIES EXCHANGE TO REGULATE SHARE REPURCHASES.

AND FUTURES

COMMISSION

THE AND

STOCK

"THE COMMITTEE'S RECOMMENDATIONS WERE SUBSEQUENTLY INCLUDED THE COMPANIES (AMENDMENT) ORDINANCE 1991 WHICH WILL ON SEPTEMBER 1 THIS YEAR," THE SPOKESMAN SAID.

IN

COME

INTO

FORCE

/IN THE