CONFIDENTIAL
planned are: the establishment of a central clearing and settlement
system for securities; legislation requiring the disclosure by
company directors and major shareholders of the beneficial interests
in shares; and legislation on insider dealing.
A 6. A copy of the Governor's speech on "Hong Kong's Future as a
Financial Centre", to be delivered on 20 July, is attached.
Hong Kong Department
18 July 1988
CONFIDENTIAL
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Private notes are available after approval.