22
WEDNESDAY, MAY 18, 1994
GOVT DOES NOT DISCRIMINATE AGAINST ANY COMPANY
* * * *
THERE
ANY
OPERATING
IS NO QUESTION OF GOVERNMENT DISCRIMINATING AGAINST PARTICULAR COMPANY OR TYPE OF COMPANIES AS LONG AS THEY ARE LEGALLY IN HONG KONG, THE SECRETARY FOR FINANCIAL SERVICES, MR MICHAEL CARTLAND, ASSURED THE LEGISLATIVE COUNCIL TODAY (WEDNESDAY).
IN A WRITTEN REPLY TO A QUESTION BY THE HON CHIM PUI-CHUNG,
THAT COMPANIES BETWEEN CARTLAND SAID A LINE MUST BE DRAWN SUITABLE FOR LISTING AND THOSE THAT WERE NOT.
IS
CLEARLY
"THIS RULES," HE SAID.
MR WERE
DEFINED IN
THE STOCK EXCHANGE'S LISTING
THE PROPOSALS OF THE STOCK EXCHANGE OF HONG KONG LIMITED (SEHK} WERE TO TIGHTEN THE LISTING REQUIREMENTS FOR NEWLY LISTED COMPANIES RELEASED FOR PUBLIC CONSULTATION AND HAVE NOT YET BEEN FINALISED.
THE
RELAX
UNDER THE PROPOSAL, THE SEHK WOULD HAVE A DISCRETION TO
CASE OF
SMALLER DESERVING LISTING IN THE FOR QUALIFICATIONS COMPANIES, FOR EXAMPLE, WHEN THEIR OPERATING PROFITS HAVE EXCEEDED $60 MILLION IN THE PAST THREE YEARS BEFORE APPLYING FOR NEW LISTING.
'THIS WOULD HELP TO AVOID HINDERING THE DEVELOPMENT
HE SAID. WELL MANAGED SMALL TO MEDIUM-SIZED COMPANIES,
"
OF
GOOD,
WOULD
COUNCIL
MR CARTLAND NOTED THAT PUBLIC COMMENTS ON THE PROPOSALS BE TAKEN FULLY INTO ACCOUNT BY THE LISTING COMMITTEE AND THE OF THE SEHK, BOTH OF WHICH WERE COMPOSED OF MARKET PRACTITIONERS.
HE SAID ANY PROPOSED CHANGES TO THE LISTING RULES WOULD REQUIRE FUTURES COMMISSION (SFC) THE PRIOR APPROVAL OF THE SECURITIES AND BEFORE THE CHANGES COULD COME INTO EFFECT.
ACTION "THE ADMINISTRATION FULLY SUPPORTS THE STOCK EXCHANGE'S
ORDER TO CONSULT THE MARKET ON IMPORTANT ISSUES FROM TIME TO TIME IN
WHOLE RANGE OF TO KEEP PACE WITH MARKET DEVELOPMENT AND BALANCE A DIFFERENT INTERESTS.
"WE
CAN TRUST THE STOCK EXCHANGE WITH THE APPROVAL OF THE
HE ADDED. TO TAKE A DECISION IN THE GENERAL INTEREST OF THE MARKET,
SFC
—
0
―
-
THREE WAYS TO TACKLE METHADONE CLINIC NUISANCES
THE
TO DEAL RESIDENTS NEAR
HAS ADOPTED A THREE-PRONGED APPROACH GOVERNMENT WITH SECURITY AND ENVIRONMENTAL NUISANCES CAUSED TO METHADONE CLINICS.
THE ACTING SECRETARY FOR SECURITY, MR KEN WOODHOUSE, SAID ENFORCEMENT ACTION HAD BREN STEPPED UP AGAINST ILLEGAL ACTIVITIES THE VICINITY OF THE CLINICS.
LAW
IN
/METHADONE PATIENTS
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