TNAG-2290-FCO40-3296-Relations-between-Hong-Kong-and-Macau-1991 — Page 43

FCO40 Hong Kong Department Records 聯邦事務部香港部檔案 All

20 -

Art.

Draft MBL

Art.

HKBL

Remarks

108 (2)

The

taxation

system for monopolized businesses shall be separately prescribed by law.

general authority for Macao

SARG to authorize banks to act as "agents" in the issuance of Macao currency.

110 (3)

A

Chapter V

Economy

111 (3)

No such provision.

HKSARG to ensure any issue of currency will be soundly based and have regard to the maintenance

of

stability.

currency

May

authorize

to issue statutory

designated banks

currency

authority.

under

No

mention of

in

"monopolized businesses"

HKBL.

Technical difference.

No such provision.

109

The status of Hong Kong as an international finance

centre to

be maintained.

No such provision.

112(1)

Foreign

exchange,

No such stipulation.

113

gold,

securities, futures and the like markets shall continue.

Exchange Fund

Fund shall be managed and controlled by HKSARG, primarily for regulating value of HK Dollar.

Such markets in Macao

relatively

undeveloped.

are

Macao dollar is

not

an

internationally convertible

currency.

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