TNAG-1641-FCO40-2288-Budget-of-Hong-Kong-1987 — Page 167

6.2.87

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32.

In 1986 we have seen rapid developments in

financial markets worldwide.

We have also seen

Here in

significant changes in the field of regulation.

Hong Kong we must respond quickly to any developments.

Otherwise, we will find ourselves losing out in our

development as a major financial centre.

Furthermore,

We must not

there is the vital question of reputation.

allow the integrity of our markets to be tarnished by the

imprudent activities of the greedy. But equally we must

This is a difficult

avoid the dangers of over-regulation.

balance to strike, but we shall do our best.

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