F.
BEEAHB
RESTRICTED
HONG KONG İSTOCK AND FUTURES EXCHANGES
HONG KONG AS A FINANCIAL CENTRE
After world's stock exchange collapse in October 1987, Hong Kong Government acted quickly to appoint a Commission of Enquiry, which is undertaking a thorough review of the Stock and Futures Exchanges and the Government's regulatory position.
This demonstrates Hong Kong Government's determination to act swiftly and decisively to identify underlying problems and maintain Hong Kong's reputation as a financial centre.
INVESTIGATIONS BY THE INDEPENDENT COMMISSION AGAINST CORRUPTION
(ICAC)
Investigation is matter for Hong Kong authorities. Cannot comment on substance of allegations.
But clearly right that authorities should have taken the action
which they judged necessary.
Further evidence of their determination to deal effectively with any problems which are identified in the operation of Hong Kong's
financial institutions.
FUTURES EXCHANGE
Hong Kong Government took action to support Hong Kong Futures Guarantee Corporation in order to avoid possible adverse effects on Hong Kong's economy and to protect Hong Kong's reputation as
international financial centre.
an
Measures taken successfully contained the problems on the Futures
Exchange.
RESTRICTED
STOCK EXCHANGES
Page 45Page 46
No comments yet.
Private notes are available after approval.