Annex D
Press Statement by Financial Secretary
the
In response to an approach from the Stock Exchange,
today welcomes the Exchange's voluntary
Government
efforts to
bring about early implementation of the majority
of the Securities Review Committee recommendations for the
reconstitution of the Stock Exchange of Hong Kong Ltd.
2.
The Securities Review Committee recommended that
the governing body of the Exchange be reconstituted as a
Council with a broadly-based membership of 22, with a Chief
Executive who would be responsible for its daily operation.
amendments to the Exchange's Memorandum and
The necessary
Articles of Association to
approved by the Securities
effect these changes have been
Commission, and the Management
Committee of the Exchange will now commend it to its members
extraordinary general meeting scheduled on 20 July
at an
1988.
No comments yet.
Private notes are available after approval.