XN000022-1993-05-24 — Page 5

MONDAY, MAY 24, 1993

U.S. ANTI-DUMPING CASE AGAINST HK MAN-MADE FIBRE SWEATERS

* * * * *

THE TRADE DEPARTMENT SAID TODAY (MONDAY) THAT FIVE HONG KONG COMPANIES HAD BEEN SELECTED BY THE U.S. DEPARTMENT OF COMMERCE TO PARTICIPATE IN A SECOND ANNUAL ADMINISTRATIVE REVIEW OF THE ANTI-DUMPING DUTIES LEVIED AGAINST

11.5. IMPORT'S OF MAN-MADE FIBRE SWEATERS FROM HONG KONG.

QUESTIONNAIRES WERE DESPATCHED ON MAY 21 BY THE COMMERCE TO THE COMPANIES CONCERNED.

DEPARTMENT OF

UNDER U.S.

"THIS ADMINISTRATIVE REVIEW IS PROVIDED FOR ANTI-DUMPING LAW AND COMES AS NO SURPRISE," DEPUTY DIRECTOR-GENERAL OF TRADE, MR CHRISTOPHER JACKSON SAID.

"

"WE ARE GETTING IN TOUCH WITH THE COMPANIES TO EXPLAIN THEIR RIGHTS TO THEM AND TO ENCOURAGE THEM TO PARTICIPATE IN THE REVIEW, HE SAID.

THE COMPANIES HAVE BEEN GIVEN 45 DAYS TO RETURN COMPLETED QUESTIONNAIRES TO THE DEPARTMENT OF COMMERCE.

APART FROM HONG KONG, SIX SOUTH KOREAN COMPANIES AND THREE COMPANIES FROM TAIWAN HAVE BEEN APPROACHED BY THE DEPARTMENT OF COMMERCE TO PARTICIPATE IN THE REVIEW.

APPOINTMENT TO ADVISORY COMMITTEE

TO SECURITIES AND FUTURES COMMISSION

THE FINANCIAL SECRETARY HAS APPOINTED MESSRS HENRY CHENG KAR-SHUN, HENRY CHEONG YING-CHEW AND HENRY PAN HUNG-LING AS MARKET MEMBERS OF THE ADVISORY COMMITTER (AC) TO THE SECURITIES AND FUTURES COMMISSION (SFC) FROM JUNE 1. 1993 TO MAY 31, 1995, THE ACTING SECRETARY FOR FINANCIAL SERVICES, MR TAM (MONDAY).

EIGHT OF THE CURRENT MEMBERS ARK TERM FROM JUNE 1, 1993 TO MAY 31, 1995.

WING-PONG ANNOUNCED TODAY

RE-APPOINTED POR A FURTHER

THEY ARE MESSRS RICHARD MARGOLIS, LINCOLN VỪNG, ZHOU ZHEN-XING, WATARU YAMAGUCHI, VICTOR CHU, KEVIN WESTLEY. PAUL FAN AND PHILIP GRAY.

THE APPOINTMENTS ARE APPROVED BY THE FINANCIAL SECRETARY ACTING UNDER DELEGATED AUTHORITY FROM THE GOVERNOR IN RESPECT OF SECTION 10 OF THE SFC ORDINANCE.

/APART FROM