XN000022-1993-02-17 — Page 2

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WEDNESDAY, FEBRUARY 17, 1993

STATEMENT ON ELECTIONS TALKS

IN RESPONSE TO PRESS ENQUIRIES, THE FOLLOWING STATEMENT:

A GOVERNMENT

SPOKESMAN ISSUED

"WE HAVE SAID FREQUENT LY HAPPY TO HOLD TALKS WITH THE CHINESE SIDE ON THE ARRANGEMENTS FOR

SET

PRECONDITIONS FOR NO HAVE

TALKS. 1994/95 ELECTIONS. WE REMAINS THE POSITION.

CONSISTENTLY AND

THAT WE WOULD BE THE THIS

BELIEVE THE ARRANGEMENTS FOR "WE HAVE MADE IT CLEAR THAT WE THE 1994/95 ELECTIONS MUST BE FAIR, OPEN AND ACCEPTABLE TO THE PEOPLE

MUST COMMAND THE OF

IS HONG

THAT KONG, LEGISLATIVE COUNCIL AND THE CONFIDENCE OF THE COMMUNITY.

"WE

THEY

OUR POSITION

SUPPORT

OF

THE

то THE CHINESE SIDE ON EXPLAINED HAVE

CONTINUING.

WE NUMEROUS OCCASIONS AND THESE DIPLOMATIC CONTACTS ARE

BUT AT TALKS

THIS STAGE WE HAVE NO HOPE THAT THEY WILL LEAD TO ANNOUNCEMENT TO MAKE.

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WORKING GROUP TO INTERVIEW BANKS SHORTLY

* *

THE WORKING PARTY SET UP TO EXAMINE THE IMPACT OF NEW SHARE ISSUES ON THE MONETARY AND BANKING SYSTEMS WILL SHORTLY BEGIN A SERIES OF INTERVIEWS WITH AUTHORISED INSTITUTIONS AND OTHER MARKET PARTICIPANTS, A GOVERNMENT SPOKESMAN SAID TODAY (WEDNESDAY).

"IT HAS PREPARED A DETAILED QUESTIONNAIRE TO FACILITATE DISCUSSIONS WITH SUCH PARTIES. THE AIM OF THE EXERCISE IS TO ESTABLISH THE FACTS, ΤΟ IDENTIFY THE RISKS AND HOW AUTHORISED INSTITUTIONS ARE MANAGING THESE RISKS," THE SPOKESMAN SAID.

THE INTERVIEWS WILL BE CONDUCTED, ON BEHALF OF THE WORKING PARTY BY THE DEPUTY COMMISSIONER OF BANKING, MR ALBERT CHEOK.

EXECUTIVE (DESIGNATE) YAM AND CONSISTS OF BANKING AND OFFICE OF THE MONETARY AFFAIRS

THE WORKING PARTY, CHAIRED BY THE CHIEF OF THE HONG KONG MONETARY AUTHORITY, MR JOSEPH OFFICIALS OF THE OFFICE OF THE COMMISSIONER OF THE EXCHANGE FUND AND A REPRESENTATIVE FROM BRANCH, HELD ITS FIRST MEETING LAST SATURDAY (FEBRUARY 13).

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