XN000022-1994-10-25 — Page 6

TUESDAY, OCTOBER 25, 1994

GOVERNOR

LEAVING FOR LONDON TONIGHT

* * * * *

LEAVE

FOR

BRIEF

THE GOVERNOR, THE RT HON CHRISTOPHER PATTEN, WILL LONDON THIS (TUESDAY) EVENING FOR ANOTHER OF HIS REGULAR, STOCKTAKING MEETINGS WITH THE BRITISH PRIME MINISTER, OTHER MINISTERS AND OTHER GROUPS WHO ARE CONCERNED ABOUT HONG KONG ISSUES.

THIS

INTEND

SPEAKING TO REPORTERS AFTER THE EXECUTIVE COUNCIL MEETING MORNING, THE GOVERNOR SAID: "THIS IS ONE OF THE VISITS THAT I TO GO ON MAKING FOUR, MAYBE FIVE TIMES A YEAR SO AS TO KEEP EVERYBODY IN TOUCH WITH WHAT IS HAPPENING HERE.

APART FROM THE BREAKFAST MEETING WITH THE PRIME MINISTER TOMORROW, MR PATTEN WILL MEET WITH THE HONG KONG PARLIMENTARY GROUP

WILL AND

TRADE BE ADDRESSING THE ANNUAL DINNER OF THE COUNCIL, A MAJOR FUNCTION WITH A WIDE CROSS-SECTION OF BUSINESS AND POLITICAL LEADERS WHO ARE INTERESTED IN HONG KONG.

DEVELOPMENT

IN THE COURSE OF HIS VISIT, THE GOVERNOR WILL ALSO BE SEEING THE MINISTER OF STATE FOR FOREIGN AND COMMONWEALTH AFFAIRS WITH OTHER SPECIAL RESPONSIBILITY FOR HONG KONG, MR ALASTAIR GOODLAD, AND FOREIGN

AND COMMONWEALTH OFFICE OFFICIALS.

HE WILL DELIVER A LECTURE ABOUT TRADE IN ASIA TO THE SWISS BANK CORPORATION ON THURSDAY.

MR PATTEN WILL RETURN TO HONG KONG ON OCTOBER 31.

0

-

AMENDMENT TO SCHEDULE 1 OF THE COMMODITIES TRADING ORDINANCE

(AMENDMENT

1)

THE COMMODITIES TRADING ORDINANCE

OF SCHEDULE ORDER 1994 WAS MADE AT THIS MORNING'S EXECUTIVE COUNCIL MEETING PURSUANT ΤΟ SECTION 115 OF THE COMMODITIES TRADING ORDINANCE, THE SECRETARY FOR FINANCIAL SERVICES, MR MICHAEL CARTLAND, ANNOUNCED TODAY (TUESDAY),

"THE ORDER AMENDS PART 1 OF SCHEDULE 1 TO THE ORDINANCE, WHICH SETS OUT A LIST OF SPECIFIED COMMODITIES, BY ADDING A CLASS OF CONTRACTS CALLED 'CASH SETTLED STOCK FUTURES CONTRACTS FOR DIFFERENCES' MR CARTLAND SAID.

·

即可

"THE AMENDMENT ENABLES THE SECURITIES AND FUTURES COMMISSION (SFC) TO IMPOSE TRADING AND POSITION LIMITS ON THE TRADING OF CASH-SETTLED FUTURES CONTRACTS ON INDIVIDUAL STOCKS TO BE INTRODUCED BY THE HONG KONG FUTURES EXCHANGE LIMITED (HKFE), MR CARTLAND ADDED.

"

AT PRESENT, THE ONLY ACTIVELY TRADED PRODUCTS ON THE HKFE ARE THE HANG SENG INDEX FUTURES AND HANG SENG INDEX OPTIONS. BOTH ARE EQUITY INDEX-BASED WHICH

HAS

MADE

ACTIVITY ON

THE

EXCHANGE

VERY

NARROWLY-FOCUSED.

/"ONE OF