TNAG-1611-FCO40-2214-Minutes-and-Hansards-of-the-Legislative-Council-of-Hong-Kong-1987 — Page 16

2.

Supervision of princial markits

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I. Mr. LI asked: In the light of the recent appointment of

outside consultants to advise on the financial futures market, does the Government have any plans to develop and expand its own internal expertise to monitor and supervise the financial markets of Hong Kong?

REPLY BY THE HONOURABLE THE FINANCIAL SECRETARY -IN LEGISLATIVE COUNCIL : WEDNESDAY 9 DECEMBER 1987

FINANCIAL SECRETARY:

Sir,

The Government is conscious of the need to

develop and expand its own expertise in the supervision of

financial markets. Considerable emphasis has been placed

the

A

on training and development of staff of both the Office of

the Commissioner for Securities and Commodities Trading

and the Office of the Commissioner of Banking.

Training programmes, both in-house and overseas,

have been and will continue to be organised for this

purpose. Earlier this year, a certificate course in

investigative accounting and auditing was organised for

staff of the Office of the Commissioner for Securities and

Commodities Trading.

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