osit insurance would give the public a safety net and help preve

osit insurance would give the public a safety net and help preve

mmunication and educating the public about increasing their prot

ed 69 new complaints from the public about the way insurance com

received complaints from the public about harassment by debt coll

on/education : to educate the public about the basics of investme

which focuses on keeping the public abreast

he industry was enjoying more public acceptance worldwide. A

will be more pressure for public accountability and

lly, through soft measures of public accountability, can improve

Even some mainland certified public accountancy firms submitted

FHKSA, FTIHK, CPA, CertiFied Public Accountant, Yu How Yuen & Co

. Ernst & Young Certified Public Accountants Hong Kong 30

China Institute of Certified Public Accountants had indicated t

e Touche Tohmatsu Certified Public Accountants Hong Kong, 8 De

Ordinance. KPMG Certified Public Accountants Hong Kong, 5 Au

t System. KPMG Certified Public Accountants Hong Kong, 5 Au

te Touche Tohmatsu Certified Public Accountants 20th April 1999

KPMG Peat Marwick Certified Public Accountants Hong Kong, 30 Se

hinese Institute of Certified Public Accountants (Cicpa) secreta

nese Institute of Certified Public Accountants (CICPA) could not

hinese Institute of Certified Public Accountants (Cicpa) is seeki

ow incorporation of certified public accountants (CPA) practices

ument to provincial certified public accountants (CPA) institut

ow incorporation of certified public accountants (CPA) practices h

w incorporation of Certified Public Accountants (CPA) practices h

new Chinese law on Certified Public Accountants (CPA) will be in

its must qualify as Certified Public Accountants (CPA), which invo

ing firms, Dalian Certified Public Accountants and Dalian LianX

sian Association of Certified Public Accountants and has more than

hinese Institute of Certified Public Accountants be admitted to If

hinese Institute of Certified Public Accountants examination rev

r China's Uniform Certified Public Accountants examination last

who want to become certified public accountants in China must p

t Chinese firm of certified public accountants in the territory.

Incorporation of Certified Public Accountants Practices Thi

Incorporation of Certified Public Accountants Practices This

ina had only 13,000 certified public accountants, all of whom woul

n Wong Tan and Fong Certified Public Accountants, said yesterda

bers of qualified certified public accountants, saying the Finan

and organizations - certified public accountants, the Registrar of

Shanghai Certified Public Accountants. Ihe

anghai-based Da Hua Certified Public Accountants. Mr Hughes d

f the practice of certified public accountants. It will initiat

will probably go through. Public Accounting Report editor Suza

21 No. 5, July, pp. 441-65. Public Accounts Committee (1987, Mon

d by Woodfield (1987) and the Public Accounts Committee (1987). Y

Kong (SEHK) yesterday denied public accusations that the regula

have to be performed by the public administration. The provision

avid Hall, HSBC head of group public affairs (Asia), said a cheque

for the bank. She said the public also had a perception that wh

raHK, particularly from the public. Although retail investors,

e three bodies and the wider public. Although the merger has not

nd the wider interests of the public and the o

able to protect the investing public and ultim

d confer on the investing public; and (b) the exemption wou

ies and complaints from the public, and (c) overseeing the surve

ts Internet arm - Tom.com - public and announced plans to spend

products to be offered to the public and approval of advertisement

2,273 adults from the general public and found among them 621 it

de over difficulties with the public and has launched a new produ

rotecting the health of the public and increasing our revenue. T

sters. Proposals upon which public and industry comment is sough

ld stock could be absorbed by public and institutional investors

, it arouse both interests of public and institutional investors.

try as a whole, and increases public and investor understanding o

should be accountable to the public, and its exercise of authorit

ces has recently come under public and legislative scrutiny, it

diture is no easy task. The public, and Members of this Council,

te. I cannot believe that the public and Members think that it wou

n. The general public and politicians may believe t

serves in a number of public and private committees,

"SunScreen was designed for public and private networks and the

d construction times for both public and private sector flats, an

ificant discrepancies between public and private sector pay levels

e is a discipline on both the public and private sector. Under th

ssuing exchange shares to the public and providing for secondary

een insurance company and the public, and reduce the hindrance fo

acts on complaints from the public and referrals from other reg

ud. 'It's very important that public and regulators' expectations

offered for sale to the public, and shares in the Bank began

rd, we will take into account public and staff interest, and the l

ing their policies before the public and the Legislative Council

and the SFC will consult the public and the market further on t

ives false information to the public, and the Securities and Fut

product to be offered to the public and the approval of advertise

of wide spread concern to the public and the courts. "The Officia

et of benchmarks by which the public and the industry can judge th

et of benchmarks by which the public and the industry could mea

the investing public and the international communi

able, we are consulting the public and the market on the key pro

quality of services to the public, and the ones to suffer most

nd the wider interests of the public and the overall economy of Ho

nd the wider interests of the public and the overall economy of

protect their customers, the public and themselves against misuse

his afternoon, members of the public and this Council will see tha

how our caring to the general public and to people who urgently ne

zes its responsibility to the public and to the securities and fut

rarely done in practice; a public announcement is usually made

. (ZCI) in mid-November. A public announcement to run in Hong K

in particular in relation to public announcements and prospectuse

uers are now required to have public announcements drafted in plai

nformation on acquisitions in public announcements might not be en

Eligible General public Applicant

Financial Secretary, or upon public application, into suspected m

d their representatives. The public are also protected by provis

emonstrate that the Hong Kong public are mature and rational. They

se who deal directly with the public are themselves subject to the

Comments from the public are welcome and shall reach

visual productions. In the public area, the Wheelock Group cont

ng the general members of the public as a means to acquire infor

e capital will be held by the public as soon as practicable after

ad not caused any loss to the public as t

he insurance industry and the public. As the economic downturn b

surplus would reassure the public as to the financial position

vide a benchmark by which the public as well as the securities and

nce that it is helpful to the public as well as to the securities

operators, the users and the public at large. This accounts fo

tures industry as well as the public at large, and ensuring Hong K

d futures industry and to the public at large. A number of mechan

operators, the users and the public at large. This accounts for

ncy and accountability to the public. At the same time, we will

t will be in the hands of the public. At the same time, an emplo

t the State Council authorise public auditing firms to check th

plans to certify up to 5,000 public auditing firms by 1995, ad

China now has about 2,600 public auditing firms employing abo

istration (SAA) to administer public auditing firms. CACPA wi

hina Association of Certified Public Auditors (CACPA) represent

and regular examinations for public auditors and promote co-op

aspect, it is suggested that public awareness and particularly t

differentiate us and heighten public awareness of our Group's grow

eijing in July 1998 to arouse public awareness towards conservatio

rate at 2 per cent to avoid a public backlash. This assessment

g Kong branch of Malaysia's Public Bank are all testing the mark

he detail is not known to the public because Little Lee has the pa

Concerns over unpredictable public behaviour have forced the

ines in the short run.'' Public belief in security of TraHK t

HKSA is fully aware that the public believes auditors should be r

ies occur because there are public benefits from transparency of

olies occur because there are public benefits from transparency of

information to the investing public. Blue chips soar as invest

ice providers, regulators and public bodies are particularly app

ice providers, regulators and public bodies are particularly appar

The management and staff of public bodies need to follow a highe

ermitted. However, allowing public bodies to buy into the TraHK

Hongkong Clearing to become public bodies under the bribery ordi

ring Houses to be designated "public bodies" for the purpose of th

g Houses to be designated ¡§public bodies¡¨ for the purpose of t

nership commensurate with its public body nature. 1.8 The last

er than the Government or a public body) in respect of anything

p association, regulator, and public body) that in practice conf

p association, regulator, and public body) that in practice confli

er than the Government or a public body), the rights of that per

on. Charles C. Zhang <cpicbj@public3.bta.net. cn> Beijing, - Thu

So great! River Guo <cpicbj@public3.bta.net.cn> Beijing, China

o education - not only of the public, but also the industry itse

whose stocks are open to the public but are not listed either on

l protection to the investing public but is costly and creates add

mpany has the intention to go public, but nothing has been finalis

drawing the attention of the public but of the

would, in turn, benefit the public by clearly defining the roles

e over difficulties with the public by providing waiver of premiu

for members of the investing public; (c) to minimise crime and m

and the Financial Secretary's public call for a review. There wer

intervention last year. The public can buy units - a minimum of

EWS RELEASE August 26, 1999 PUBLIC CENSURE ANNOUNCEMENT in resp

ties $120,000 and imposed a public censure because of its weak i

te a few are planning to go public,'' China Securities Regulator

elated professions, and other public circles for their views. We

a consultation paper seeking public comment on the proposals to

consultation document invites public comment on proposals to amend

If, upon consideration of the public comment, it is decided that c

be able to take into account public comments in preparing the

URPOSE 1. This paper seeks public comments on proposals for the

d Bill will take into account public comments received by the SFC

It is currently studying the public comments received in order to

he consultant in the light of public comments received. The St

kes into account industry and public comments then made, with addi

g.3 The ensuing industry and public comments were generally in fa

ated a consultation paper for public comments. In that paper, the

mbers, the profession and the public. Commun

about whether the accounts of public companies give investors a

ted from private to public companies at inflated prices.

d corruption charges. The public companies concerned were AWT

ess conduct and activities of public companies is distributed amon

te entities differ from the public companies that we know so wel

Heng, Guoco and Dao Heng are public companies whose shares are li

financial statements of the public companies whose shares they b

n to experiment in displaying public companies' reports. N

According to the CSRC, some public companies' reports lacked imp

e governance requirements for public companies, monitors complianc

fter the listing and becoming public companies, what the govern

sale of equity and listing of public companies. Mr Ayton said:

MATION ON GUOCO Guoco is a public company incorporated in Bermu

ost of it being a stand-alone public company. It said the price

and offers are made openly by public, competitive, shouted prices,

te protection to the insuring public. Comp

te protection to the insuring public. Complaints and Enquiri

protection to the insuring public. Complaints and Enquiri

nising seminars, setting up public computers for free use and bu

ency. There is understandable public concern at the price we are

understandably, considerable public concern at the high levels of

he quality of services to the public. Concurrently, we will seek

ipants. To achieve and retain public confidence and trust, the bas

e Exchange Fund to strengthen public confidence in our policy fra

ed financial markets; promote public confidence in and understan

ancial markets; * to promote public confidence in and understandi

cial markets; (b) to promote public confidence in and understandi

do emerge, and to strengthen public confidence in the

ain exchange rate stability. Public confidence in the banking sys

ss of the scheme in enhancing public confidence in the Government'

rs. There were signs that public confidence in the link appear

21 In an attempt to undermine public confidence in the link, those

ge rate regime could destroy public confidence in the monetary sy

se. Moreover, at a time when public confidence in the monetary sy

olicy-holders. To restore public confidence, standard document

cal reserves, the greater the public confidence. We have decided t

emes are the subject of much public confusion, to the financial g

abrogated by agreement. Public Consultation 31. The propo

o the Financial Secretary. Public Consultation 16. The above p

led in paragraph 18 above. Public Consultation 22. To enhance

o the Financial Secretary. Public Consultation 26. The Governm

ention might be justified. Public Consultation 48. The above p

ce against these criteria. Public Consultation 54. The financi

of these new technologies. Public Consultation 75. The Governm

rk in the first two stages of public consultation and no doubt w

nancing and the result of the public consultation and the final p

xplained in detail in another public consultation document, Consul

of minority shareholders. Public consultation ended in March

am, and is taking the current public consultation exercise for the

urities and Futures Bill (for public consultation in

ft bill that was released for public consultation in 1996. The cu

which had been the subject of public consultation in 1996, adding

ation that was the subject of public consultation in 1996 and they

which had been the subject of public consultation in 1996, adding

or the Treasury carried out a public consultation last year and r

proposal will be submitted to public consultation later this year.

seek market perspectives, and public consultation of policy propos

March 1997 the SFC launched a public consultation on its proposals

KMA is currently conducting a public consultation on this propo

8, the Commission published a public consultation paper making a s

ong Monetary Authority. A public consultation period on the re

site Bill are all part of the public consultation process before t

it hopes to achieve, and the public consultation that now begins.

the existing rules. 4.139 Public consultation was completed in

ntermediary (subject of prior public consultation); * Creating a

d decisions (subject of prior public consultation); * Enhancing t

proposals will be subject to public consultation, being key compo

wound up. During the 3-month public consultation, the Sub-commi

the form of a green paper for public consultation. 145.

will itself be the subject of public consultation. 7.3.2 In thi

n and enactment without prior public consultation. The Commis

ort was published in 1997 for public consultation. The report

endations will soon be put to public consultation. The relevant

nce. This will be followed by public consultation; studying the

spending power. He expects public consumption power will resume

r along with the revival of public consumption power, Mr Chan sa

board a public conveyance, or

e operated as a profit-making public corporation with a degree o

e operated as a profit-making public corporation with a degree of

f a successful and profitable public corporation. The introduction

s projected, privatisation of public corporations can be seen

detail. Privatisation of Public Corporations 89 Hong Kong r

c Services Privatisation of Public Corporations PUBLIC FINANCE

proposed the privatisation of public corporations, which is pr

o both the profession and the public. Current Setting I .

both the profession and the public. Current Settini! I .

s well as by participating in public debates and discussions. The

reigners held 26% of total US public debt securities at the en

luation, aimed at cutting the public debt and deficit, has been

ed fiscal reserves, launching public debt as a means of smooth

assessing Germany's level of public debt, he said. Mr Meister

the need to narrow budget and public deficits to meet European M

the need to narrow budget and public deficits to meet European Mon

2K Fears over public demand for cash bring focus s

the year-end just to meet the public demand. Transition

ictimised' in the eyes of the public. Detecting irregularities i

KMA already joined to develop public disclosure req

e is sufficient reporting and public disclosure of

to increase their public disclosure. Clearly, "there

ong Limited to make immediate public disclosure. No such requirem

side he favors has dominated public discussion in recent months.

ate for what essentially is a public dissemination system. The e

ants in FCC and assuming the public does not exercise any warrant

ct contact with the investing public does not necessarily isolate

t doctors," he said. "The public doesn't know how to assess th

and now that's all out in the public domain, there should be a g

rcular officially entered the public domain. For more informatio

ic interest, we also have a public duty to ensure that taxpayers

e Board introduced a PC-based Public Enquiry System which enables

introduced a PC-based Public Enquiry System which enables

e Board introduced a PC-based Public Enquiry System which enable

n a notice in the Gazette for public enquiry. Annex -----

old off a large number of public enterprises between 1979 and

ch once were dominated by public enterprises, innovation will

vided at full cost to certain public entities. Nor will it apply t

d market conditions for Asian public equity fund-raisings, couple

minimal risk to the investing public, especially unsophisticated r

CE agents will need to pass a public examination before they can

ation procedures. The first public examination will be held in t

ere are no locally authorised public exams for brokers. The

ry. They appreciated that the public expects the civil service to

the Loan Fund. Meanwhile, public expenditure in 1999-2000 had

ship, for relief through more public expenditure or less taxation

only if they do not relate to public expenditure or the political

be hailed for allowing total public expenditure to grow by a

scope for retrenchment in public expenditure, Hong Kong will f

xercising a tight grip on public expenditure. While the govern

overall 15.6% growth in total public expenditure. With an ageing

disclosures to the investing public. Experience in recent years

s then the exclusive licensed public external telephone service

areholders of RNA and/or the public, extracts of certain informat

improve the of agents in public eyes Helen Johnstone 07

d Hong Kong's unease. The public face of the PLA has thus far

disappear--the actor fixes a public face onto a society in tran

government, especially as no public facilities were scheduled t

da. You can view all of the public filings of The Manufacturers

nada. You can view all of the public filings of The Manufacturers

yself who are responsible for public finance find themselves face

c finances. From the point of public finance management, land

2 ordinances. They are the Public Finance Ordinance (Cap. 2), L

ished under section 29 of the Public Finance Ordinance. The estim

ave serious implications for public finance. At such times, an ad

the monetary requirements of public finance. Let me elaborate.

---------------- THE PUBLIC FINANCES -----------

or fee increases. Review of Public Finances 196. Final

th and community care. Public Finances The 1999-2000 Out

tion of Public Corporations PUBLIC FINANCES A Reputation for P

now turn to the state of our public finances and I begin with th

ery prudent way of managing public finances for a government tha

nge our prudent management of public finances in the future, wit

to alleviate the pressure on public finances over the long-te

thin its means and manage our public finances prudently. 17.

e prudent management of our public finances remains crucial. Onl

serves and a unique boost to public finances that can offer Hong

ure of our management of the public finances that we look at the

the integrity of Hong Kong's public finances to the proof. The fi

prediction was therefore for public finances were expected to eit

le giving assurance that our public finances will remain stable.

fifty years, Hong Kong's public finances will show a record d

or in alleviating pressure on public finances, by making use o

rative of maintaining healthy public finances, to leave money wit

e in their application to our public finances. The Prospects f

Let me now discuss our public finances. First, the outturn

of land sales revenue in public finances. From the point of p

turn to the management of our public finances. If I had to choose

le facing a paradigm shift in public finances. The huge accumu

nd maintain the health of our public finances. We should, above

ortant question of our future public financial position, particula

o shares to keep the firm's public float at or above 25 per cent

ition to fulfilling a minimum public float by which stocks are con

hat fall short of the minimum public float capitalisation requirem

rcised their warrants, Boto's public float could fall below 25 p

or injecting new capital at a public float looks to be further off

iods do not exceed 10% of the public float of the underlying secur

arious proposals to solve the public float problem and found priva

. In this regard, the minimum public float requirement will be co

e proposal to cut the minimum public float requirement to 15 per

he Shares will be held by the public following Closing. Dao Heng

standards of service to the public. 115. Following the

erce in its dealings with the public (for exa

rs against liability to the public for accidental personal injur

ill which was released to the public for consultation in April 199

erce in its dealings with the public (for example,