TNAG-1609-FCO40-22131-Minutes-and-Hansards-of-the-Legislative-Council-of-Hong-Kong-1987 — Page 79

SPEECH BY THE HONOURABLE THE FINANCIAL SECRETARY IN LEGISLATIVE COUNCIL : WEDNESDAY 11 NOVEMBER 1987

FINANCIAL SECRETARY:

Sir,

You announced last week that the Government

intended to draw lessons from recent events in the Stock

and Futures Markets, and, as far as possible, ensure that

those events do not happen again.

Securities Review Committee

7.

The Government has decided that the task should

be carried out by a committee of review, to be known as

the Securities Review Committee, whose terms of reference

will be

In the light of recent events in

the Stock and Futures Markets and

in recognition of the need to

maintain Hong Kong as a major

international financial centre, to

review the constitution, powers,

management and operation of

-

(a) the Hong Kong Stock and

Futures Exchanges;