XN000022-1993-01-11 — Page 19

HK

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MONDAY, JANUARY 11, 1993

LEADING FUND MANAGEMENT CENTRE IN SE ASIA

REGULATION

MR

HONG KONG HAS ADOPTED A FLEXIBLE APPROACH TO MARKET

THE FINANCIAL SECRETARY, FOR THE INVESTMENT MANAGEMENT INDUSTRY, HAMISH MACLEOD, SAID TODAY (MONDAY).

"THIS FLEXIBLE REGULATORY APPROACH, COMBINED WITH OUR EXCELLENT

AND TELECOMMUNICATIONS AS WELL INFRASTRUCTURE

AS OUR GEOGRAPHIC US THE AMONG THE EMERGING MARKETS OF THIS REGION, HAS MADE POSITION

HE SAID. LEADING FUND MANAGEMENT CENTRE IN SOUTHEAST ASIA,

MACLEOD MR

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WAS SPEAKING AT A CEREMONY TO PRESENT THE FUND MANAGER OF THE YEAR AWARDS ORGANISED BY THE SUNDAY MORNING POST.

THAT

CITING

MACLEOD AN EXAMPLE OF THE FLEXIBLE APPROACH, MR

NOTED ΤΟ STREAMLINE THE SECURITIES AND FUTURES COMMISSION HAD AGREED

LEVERAGE FUNDS, AND APPLICATION PROCEDURES AND ALLOW WARRANT FUNDS, FUNDS INVESTING IN FUTURES AND OPTIONS TO BE MARKETED TO THE PUBLIC IN HONG KONG.

PLAYERS

HE ADDED: WHILE THE PROVISION OF AN EFFECTIVE INFRASTRUCTURE FOR THE INDUSTRY IS OF PRIMARY IMPORTANCE, THE QUALITY OF THE INVOLVED IS EQUALLY SIGNIFICANT."

THE

INTRODUCTION OF THIS FUND MANAGER AWARD WAS A USEFUL FORWARD IN ENCOURAGING MARKET PARTICIPANTS, AND INFORMING THE ABOUT THIS IMPORTANT SECTOR, HE SAID.

STEP PUBLIC

GOVT OFFICIALS VISIT BROADCASTING AUTHORITIES IN CHINA

A

FOR

AND

GOVERNMENT DELEGATION LED BY THE DEPUTY SECRETARY VISITED THE RADIO RECREATION AND CULTURE, MRS RACHEL CARTLAND,

GUANGDONG PROVINCE TELEVISION BUREAU OF

AND RADIO AND TELEVISION STATIONS IN GUANGZHOU AND SHENZHEN OVER TWO DAYS LAST WEEK.

FOR

THE DELEGATION COMPRISED THE PRINCIPAL ASSISTANT SECRETARY

MR PETER RECREATION AND CULTURE,

HARRISON; ASSISTANT DIRECTOR OF BROADCASTING, MISS MARIA WAN, AND ASSISTANT SECRETARY AND CULTURE, MR WILLIAM KWAN,

ON RETURN TO HONG KONG, MRS CARTLAND SAID BEEN WARMLY RECEIVED IN CHINA AND THERE HAD BEEN CONSTRUCTIVE EXCHANGE OF VIEWS.

FOR RECREATION

HER DELEGATION HAD A MOST USEFUL AND

DIFFERENCES, NEVERTHELESS WE "WHILST CLEARLY THERE ARE STRUCK BY THE MANY SIMILARITIES IN OUR APPROACH TO BROADCASTING, CARTLAND SAID.

SHE SAID:

WERE MRS

'WHILE RADIO TELEVISION HONG KONG AND HONG KONG'S

DEVELOPED VERY GOOD COMMERCIAL BROADCASTERS HAVE ALREADY

RELATIONS WITH BROADCASTING ORGANISATIONS ACROSS THE BORDER, THIS WAS THE EXCHANGE AT POLICY-MAKING LEVEL.

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FIRST

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