UNCLASSIFIED
011211
MDHIAN 7243
NO CHANGE OF POLICY. REVIEW OF PRESENT POLICY ON ENTRY FOR EMPLOYMENT TO MAKE SURE EXISTING OPPORTUNITIES FULLY USED.
REGULATION OF FINANCIAL AND COMMERCIAL SECTORS
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ESTABLISHMENT OF SECURITIES AND FUTURES COMMISSION EARLY 1989. REORGANIZATION OF STOCK EXCHANGE. NEW COUNCIL, CHAIRMAN, CHIEF EXECUTIVE ELECTED ON 17 OCTOBER.
NEW SETTLEMENT SYSTEM IN PLACE BY 1990.
NEW LEGISLATION TO INCREASE SANCTIONS AGAINST INSIDER DEALING.
AIRPORT
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IN PAST 2 YEARS, PASSENGERS UP 40 PERCENT, AIRCRAFT AND FREIGHT UP 30 PERCENT.
INCREASINGLY CLEAR WILL NEED A NEW AIRPORT WITHIN HONG KONG. DECISION BY END 1989.
INTERIM IMPROVEMENTS TO KAI TAK: PASSENGER HANDLING CAPACITY
12-20 MILLION PER YEAR.
PORT
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70 MILLION TONNES OF CARGO HANDLED IN 1987, DOUBLE AMOUNT IN 1980. UP 13 PERCENT FIRST HALF 1988.
KWAI CHUNG BUSIEST CONTAINER PORT IN WORLD.
DECISIONS ON LOCATION OF TERMINALS 8 AND 9 BY END 1988.
TRANSPORT
-
<d
SPENDING DOLLARS 1.9 BILLION ON NEW ROADS IN 1988/9 (+DOLLARS
300M).
ROAD TRAFFIC WITH CHINA INCREASED EIGHTFOLD SINCE 1981: NOW 300,000 TRIPS PER MONTH.
GREEN PAPER ON INTERNATIONAL TRANSPORT POLICY IN EARLY 1989 FOLLOWING COMPREHENSIVE TRANSPORT STUDY II.
LAND DEVELOPMENT CORPORATION
←
16 URBAN REDEVELOPMENTS PROJECTS PROPOSED. 5 APPROVED. WORK TO
START BY END 1989.
RURAL PLANNING
2
PAGE UNCLASSIFIED
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