DOCSLIB.ORG

FFICIAL RECORD of PROCEEDINGS Wednesday, 11

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text
FFICIAL RECORD of PROCEEDINGS Wednesday, 11 HONG KONG LEGISLATIVE COUNCIL ― 11 May 1994 3649 FFICIAL RECORD OF PROCEEDINGS Wednesday, 11 May 1994 The Council met at half-past Two o’clock PRESENT THE PRESIDENT THE HONOURABLE JOHN JOSEPH SWAINE, C.B.E., LL.D., Q.C., J.P. THE CHIEF SECRETARY THE HONOURABLE MRS ANSON CHAN, C.B.E., J.P. THE FINANCIAL SECRETARY THE HONOURABLE SIR NATHANIEL WILLIAM HAMISH MACLEOD, K.B.E., J.P. THE ATTORNEY GENERAL THE HONOURABLE JEREMY FELL MATHEWS, C.M.G., J.P. THE HONOURABLE MRS SELINA CHOW LIANG SHUK-YEE, O.B.E., J.P. THE HONOURABLE HUI YIN-FAT, O.B.E., J.P. THE HONOURABLE MARTIN LEE CHU-MING, Q.C., J.P. DR THE HONOURABLE DAVID LI KWOK-PO, O.B.E., LL.D., J.P. THE HONOURABLE NGAI SHIU-KIT, O.B.E., J.P. THE HONOURABLE PANG CHUN-HOI, M.B.E. THE HONOURABLE SZETO WAH THE HONOURABLE TAM YIU-CHUNG THE HONOURABLE ANDREW WONG WANG-FAT, O.B.E., J.P. THE HONOURABLE LAU WONG-FAT, O.B.E., J.P. THE HONOURABLE EDWARD HO SING-TIN, O.B.E., J.P. THE HONOURABLE RONALD JOSEPH ARCULLI, O.B.E., J.P. THE HONOURABLE MARTIN GILBERT BARROW, O.B.E., J.P. 3650 HONG KONG LEGISLATIVE COUNCIL ― 11 May 1994 THE HONOURABLE MRS PEGGY LAM, O.B.E., J.P. THE HONOURABLE MRS MIRIAM LAU KIN-YEE, O.B.E., J.P. THE HONOURABLE LAU WAH-SUM, O.B.E., J.P. DR THE HONOURABLE LEONG CHE-HUNG, O.B.E., J.P. THE HONOURABLE JAMES DAVID McGREGOR, O.B.E., I.S.O., J.P. THE HONOURABLE MRS ELSIE TU, C.B.E. THE HONOURABLE PETER WONG HONG-YUEN, O.B.E., J.P. THE HONOURABLE ALBERT CHAN WAI-YIP THE HONOURABLE VINCENT CHENG HOI-CHUEN, O.B.E., J.P. THE HONOURABLE MOSES CHENG MO-CHI THE HONOURABLE MARVIN CHEUNG KIN-TUNG, O.B.E., J.P. THE HONOURABLE CHEUNG MAN-KWONG THE HONOURABLE CHIM PUI-CHUNG REV THE HONOURABLE FUNG CHI-WOOD THE HONOURABLE FREDERICK FUNG KIN-KEE THE HONOURABLE TIMOTHY HA WING-HO, M.B.E., J.P. THE HONOURABLE MICHAEL HO MUN-KA DR THE HONOURABLE HUANG CHEN-YA THE HONOURABLE SIMON IP SIK-ON, O.B.E., J.P. DR THE HONOURABLE LAM KUI-CHUN DR THE HONOURABLE CONRAD LAM KUI-SHING, J.P. THE HONOURABLE LAU CHIN-SHEK THE HONOURABLE EMILY LAU WAI-HING THE HONOURABLE LEE WING-TAT THE HONOURABLE ERIC LI KA-CHEUNG, J.P. HONG KONG LEGISLATIVE COUNCIL ― 11 May 1994 3651 THE HONOURABLE FRED LI WAH-MING THE HONOURABLE MAN SAI-CHEONG THE HONOURABLE HENRY TANG YING-YEN, J.P. THE HONOURABLE TIK CHI-YUEN THE HONOURABLE JAMES TO KUN-SUN DR THE HONOURABLE SAMUEL WONG PING-WAI, M.B.E., J.P. DR THE HONOURABLE PHILIP WONG YU-HONG DR THE HONOURABLE YEUNG SUM THE HONOURABLE HOWARD YOUNG, J.P. THE HONOURABLE ZACHARY WONG WAI-YIN THE HONOURABLE CHRISTINE LOH KUNG-WAI THE HONOURABLE ROGER LUK KOON-HOO THE HONOURABLE ANNA WU HUNG-YUK THE HONOURABLE JAMES TIEN PEI-CHUN, O.B.E., J.P. THE HONOURABLE ALFRED TSO SHIU-WAI ABSENT THE HONOURABLE ALLEN LEE PENG-FEI, C.B.E., J.P. THE HONOURABLE STEVEN POON KWOK-LIM DR THE HONOURABLE TANG SIU-TONG, J.P. IN ATTENDANCE MR MICHAEL LEUNG MAN-KIN, C.B.E., J.P. SECRETARY FOR EDUCATION AND MANPOWER MR MICHAEL SUEN MING-YEUNG, J.P. SECRETARY FOR HOME AFFAIRS 3652 HONG KONG LEGISLATIVE COUNCIL ― 11 May 1994 MRS ELIZABETH WONG CHIEN CHI-LIEN, I.S.O., J.P. SECRETARY FOR HEALTH AND WELFARE THE HONOURABLE MICHAEL SZE CHO-CHEUNG, I.S.O., J.P. SECRETARY FOR THE CIVIL SERVICE MR HAIDER HATIM TYEBJEE BARMA, I.S.O., J.P. SECRETARY FOR TRANSPORT MR GORDON SIU KWING-CHUE, J.P. SECRETARY FOR ECONOMIC SERVICES MR DONALD TSANG YAM-KUEN, O.B.E., J.P. SECRETARY FOR THE TREASURY MR MICHAEL DAVID CARTLAND, J.P. SECRETARY FOR FINANCIAL SERVICES MR CANICE MAK CHUN-FONG, J.P. SECRETARY FOR PLANNING, ENVIRONMENT AND LANDS MRS REGINA IP LAU SUK-YEE, J.P. SECRETARY FOR TRADE AND INDUSTRY THE CLERK TO THE LEGISLATIVE COUNCIL MR RICKY FUNG CHOI-CHEUNG THE DEPUTY SECRETARY GENERAL MR LAW KAM-SANG HONG KONG LEGISLATIVE COUNCIL ― 11 May 1994 3653 Papers The following papers were laid on the table pursuant to Standing Order 14(2): Subject Subsidiary Legislation L.N. No. Drug Addiction Treatment Centre (Hei Ling Chau Addiction Treatment Centre) (Amendment) Order 1994............................................................................................. 249/94 Prisons (Amendment) (No. 2) Order 1994 .................................................... 250/94 Oral Answers to Questions Age discrimination in employment 1. MR TAM YIU-CHUNG asked (in Cantonese): Will the Government inform this Council whether it is aware that in recruiting their employees, some organizations and trades impose strict age limits upon applicants even for jobs that are not of a special nature; and whether consideration will be given to introducing legislation or taking other measures to tackle the problem of age discrimination and to protect those people who have undergone employees retraining against unemployment because of age discrimination? SECRETARY FOR EDUCATION AND MANPOWER (in Cantonese): Mr President, in a free labour market such as ours, both employers and employees are free to make choices most suited to their requirements. While it is still common practice for an employer to list out certain criteria for employment such as qualification, experience and age, an increasing number of employers have lifted or relaxed the age limit in an effort to recruit sufficient staff from a tight labour market. The Administration will continue to promote fair employment opportunities for all. But we believe that persuasion and encouragement would be better than intervention by legislation in this case. Staff of the Local Employment Service of the Labour Department would, as a matter of practice, advise employers to relax age requirement in their recruitment. This message is conveyed to employers whenever promotional visits are made to establishments or when employers register their job vacancies with the department. As for retrainees under the Employees Retraining Scheme, the best preparation for them is to improve their competitive edge, such as through training in social, language and practical skills. Employers are closely involved in designing and monitoring such programmes to ensure that the retrainees 3654 HONG KONG LEGISLATIVE COUNCIL ― 11 May 1994 possess skills that meet market needs. Recently, a special retraining programme for retrainees aged 50 or over has been introduced. The response from employers has been most encouraging. Further retraining programmes for this age group will be designed and launched in the near future. Furthermore, to encourage employers participating in the On-the-Job Training Scheme to take on older job applicants, the Employees Retraining Board has recently revised the criteria for reimbursing training expenses so that employers can claim reimbursement only for employing retrainees aged 40 or above. MR TAM YIU-CHUNG (in Cantonese): Mr President, people in the labour sector are of the view that age discrimination is a result of importation of labour. Will the Administration inform this Council whether introduction of legislation can protect local workers by giving them priority in employment? SECRETARY FOR EDUCATION AND MANPOWER (in Cantonese): Mr President, any employment is a matter between employer and employee and is dictated by the requirements of either party. The employer has to look for the best person for the job while the employee has to look for the job that most suited him. The Government has very stringent restrictions as far as importation of labour is concerned. Employers are required not to impose any age limit when filling any vacancies. Contravention will lead to disqualification of the employer who will be debarred from making further applications for imported labour. We are also closely monitoring whether the quota system has been complied with. Random checks and surprise visits are conducted from time to time to prevent employers from abusing the scheme by making use of any loopholes in it. We will certainly protect the interests of local workers by giving them priority in employment when any vacancies arise and that foreign labour will be imported only in the event that there is insufficient supply from our labour market. MS ANNA WU: Mr President, does the Government consider itself bound by the international obligations to prohibit discrimination and whether the Government intends to establish guidelines prohibiting age discrimination for itself and the private sector? SECRETARY FOR EDUCATION AND MANPOWER: Mr President, we are not aware of any international organization or convention which stipulates anti-age discrimination, nor are we aware of any particular anti-age discrimination legislation in other countries. The situation in Hong Kong is that we have a very tight labour market. As I said in my main reply, the demand for the labour force is increasing. Market forces simply dictate the requirements which employers themselves are subject to when they try to recruit their staff. To that HONG KONG LEGISLATIVE COUNCIL ― 11 May 1994 3655 extent market forces are probably the most effective way of regulating supply and demand and this is what we are now experiencing in Hong Kong. And I do not think we need any particular legislation to interfere with market forces. PRESIDENT: Not answered, Ms WU? MS ANNA WU: Not answered, Mr President. I asked if the Government intends to establish guidelines to prohibit age discrimination applicable to the public as well as the private sectors? SECRETARY FOR EDUCATION AND MANPOWER: Mr President, the answer is no. The Government does not think any guidelines are necessary. As I said in my main reply the existing practice of encouraging employers to relax their requirements are sufficient for this purpose.
Load more

Recommended publications
  • Hsbc Trinkaus Reports a Good Result for the First Quarter
    Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited take no responsibility for the contents of this document, make no representation as to its accuracy or completeness and expressly disclaim any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the contents of this document. HSBC Holdings plc Overseas Regulatory Announcement The attached announcement has been released to the other stock exchanges on which HSBC Holdings plc is listed. The Board of Directors of HSBC Holdings plc as at the date of this announcement are: Douglas Flint, Stuart Gulliver, Kathleen Casey†, Safra Catz†, Laura Cha†, Marvin Cheung†, John Coombe†, Sir Jonathan Evans†, Joachim Faber†, Rona Fairhead†, Renato Fassbind†, James Hughes-Hallett†, Sam Laidlaw†, John Lipsky†, Rachel Lomax†, Iain Mackay, Marc Moses, Sir Simon Robertson† and Jonathan Symonds†. † Independent non-executive Director Hong Kong Stock Code: 5 The following text is the English version of a news release issued in Germany by HSBC Trinkaus & Burkhardt AG, an 80.6% indirectly owned subsidiary of HSBC Holdings plc. 14 May 2014 GROWTH INITIATIVE UNDER WAY: HSBC TRINKAUS REPORTS A GOOD RESULT FOR THE FIRST QUARTER Pre-tax profit slightly lower at €57.0m (€58.8m) Net interest income rose to €41.9m (€39.3m) Net fee income declined to €93.2m (€101.8m) Overview Following a difficult year in 2013, the eurozone economy is starting to recover, with Germany likely to take a leading role as far as growth in the eurozone is concerned. The impact of the expected eurozone recovery will be tempered by the uncertain general economic situation in the emerging markets and the impact of ever increasing regulatory requirements.
    [Show full text]
  • PDF File, 854.6 KB
    AN INTRODUCTION TO THE 2006 EDITION HONG KONG MONETARY AUTHORITY 55/F, Two International Finance Centre, Incorporating the Summary Version of the HKMA Annual Report 2005 8 Finance Street, Central, Hong Kong Enquiries (852) 2878 8222 Fax (852) 2878 2010 E-mail [email protected] www.hkma.gov.hk pantone 8001C silver 7M 25Y 60C 100M 34K 79K 香 港 金 融 香港金融管理局簡介 管 理 二零零六年版 局 二 零 零 五 年 年 報 香港金融管理局 香港中環金融街8號 附二零零五年年報摘錄 國際金融中心2期55樓 電話（852）2878 8222 傳真（852）2878 2010 電子郵件 [email protected] www.hkma.gov.hk pantone 8001C silver 5M 25Y 60C 100M 34K 79K THE HONG KONG MONETARY AUTHORITY Established in April 1993, the Hong Kong Monetary Authority (HKMA) is the government authority in Hong Kong responsible for maintaining monetary and banking stability. The HKMA’s policy objectives are • to maintain currency stability, within the framework of the Linked Exchange Rate system, through sound management of the Exchange Fund, monetary policy operations and other means deemed necessary • to promote the safety and stability of the banking system through the regulation of banking business and the business of taking deposits, and the supervision of authorized institutions • to enhance the efficiency, integrity and development of the financial system, particularly payment and settlement arrangements. CONTENTS THE HKMA AND ITS FUNCTIONS 2 About The HKMA 16 Maintaining Monetary Stability 17 Promoting Banking Safety 18 Managing the Exchange Fund 19 Developing Financial Infrastructure REVIEW OF 2005 22 Chief Executive’s Statement 28 Economic and Banking Environment in 2005 32 Monetary Conditions in 2005 34 Banking Policy and Supervisory Issues in 2005 36 Market Infrastructure in 2005 38 International Financial Centre 40 Exchange Fund Performance in 2005 42 The Exchange Fund 44 Major Events 1993-2005 48 Abbreviations 49 Reference Resources The first part of this booklet introduces the work and policies of the HKMA.
    [Show full text]
  • Notice of Annual General Meeting 2014
    HSBC Holdings plc Notice of Annual General Meeting at 11.00am on Friday, 23 May 2014 Barbican Hall, Barbican Centre, London EC2 THIS DOCUMENT IS IMPORTANT AND REQUIRES YOUR IMMEDIATE ATTENTION. If you are in any doubt as to any aspect of the proposals referred to in this document or as to the action you should take, you should consult a stockbroker, solicitor, accountant or other appropriate independent professional adviser. If you have sold or transferred all your shares in HSBC Holdings plc (the “Company”) you should at once forward this document and all accompanying documents to the stockbroker, bank or other agent through whom the sale or transfer was effected for transmission to the purchaser or transferee. Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited take no responsibility for the contents of this document, make no representation as to its accuracy or completeness and expressly disclaim any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the contents of this document. The ordinary shares of the Company trade under stock code 5 on The Stock Exchange of Hong Kong Limited. A Chinese translation of this Notice of Annual General Meeting is available at www.hsbc.com. Alternatively, the Chinese translation of this and future documents may be obtained by contacting the Company’s Registrar (see page 24). Contents 1. Chairman’s letter ............................................................................................................................
    [Show full text]
  • Journal of Current Chinese Affairs
    China Data Supplement June 2008 J People’s Republic of China J Hong Kong SAR J Macau SAR J Taiwan ISSN 0943-7533 China aktuell Data Supplement – PRC, Hong Kong SAR, Macau SAR, Taiwan 1 Contents The Main National Leadership of the PRC ......................................................................... 2 LIU Jen-Kai The Main Provincial Leadership of the PRC ..................................................................... 30 LIU Jen-Kai Data on Changes in PRC Main Leadership ...................................................................... 37 LIU Jen-Kai PRC Agreements with Foreign Countries ......................................................................... 39 LIU Jen-Kai PRC Laws and Regulations .............................................................................................. 46 LIU Jen-Kai Hong Kong SAR................................................................................................................ 48 LIU Jen-Kai Macau SAR....................................................................................................................... 55 LIU Jen-Kai Taiwan .............................................................................................................................. 60 LIU Jen-Kai ISSN 0943-7533 All information given here is derived from generally accessible sources. Publisher/Distributor: GIGA Institute of Asian Studies Rothenbaumchaussee 32 20148 Hamburg Germany Phone: +49 (0 40) 42 88 74-0 Fax: +49 (040) 4107945 2 June 2008 The Main National Leadership of the PRC
    [Show full text]
  • HSBC Notice of Annual General Meeting 2013
    The following regulated information, disseminated pursuant to DTR 6.3.5, comprises the Notice of Annual General Meeting for 2013, which was sent to shareholders of HSBC Holdings plc on 3 April 2013. HSBC Holdings plc Notice of Annual General Meeting Friday 24 May 2013 11.00am Barbican Hall, Barbican Centre, London EC2 THIS DOCUMENT IS IMPORTANT AND REQUIRES YOUR IMMEDIATE ATTENTION. If you are in any doubt as to any aspect of the proposals referred to in this document or as to the action you should take, you should consult a stockbroker, solicitor, accountant or other appropriate independent professional adviser. If you have sold or transferred all your shares in HSBC Holdings plc (the “Company”) you should at once forward this document and the accompanying Form of Proxy to the stockbroker, bank or other agent through whom the sale or transfer was effected for transmission to the purchaser or transferee. Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited take no responsibility for the contents of this document, make no representation as to its accuracy or completeness and expressly disclaim any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the contents of this document. The Ordinary Shares of the Company trade under stock code 5 on The Stock Exchange of Hong Kong Limited. A Chinese translation of this Notice of Annual General Meeting is available at www.hsbc.com. Alternatively, the Chinese translation of this and future documents may be obtained by contacting the Company’s Registrars (see page 20).
    [Show full text]
  • Hong Kong Monetary Authority Annual Report 2008
    Advisory Committees THE EXCHANGE FUND ADVISORY COMMITTEE Chairman The Hon. John TSANG Chun-wah, JP The Financial Secretary Members Mr Joseph YAM, GBS, JP Mr Henry FAN Hung-ling, SBS, JP The Monetary Authority Managing Director CITIC Pacific Limited Mr Christopher CHENG Wai-chee, GBS, JP Mr Simon IP Sik-on, JP Chairman USI Holdings Limited Mr HE Guangbei Mr Thomas KWOK Ping-kwong, SBS, JP Vice Chairman and Chief Executive Vice Chairman and Managing Director Bank of China (Hong Kong) Limited Sun Hung Kai Properties Limited 18 ANNUAL REPORT 2008 • HONG KONG MONETARY AUTHORITY Mr Vincent CHENG Hoi-chuen, GBS, JP Mr John CHAN Cho-chak, GBS, JP Chairman Chairman The Hongkong and Shanghai Banking Corporation Limited The Hong Kong Jockey Club (from 1 November 2008) Dr Patrick FUNG Yuk-bun Mr Benjamin HUNG Pi-cheng Chairman and Chief Executive Executive Director and Chief Executive Officer Wing Hang Bank Limited Standard Chartered Bank (Hong Kong) Limited (from 1 January 2009) Professor the Hon. Lawrence J. LAU, JP Dr the Hon. Marvin CHEUNG Kin-tung, DBA Hon., GBS, JP Vice-Chancellor (until 30 September 2008) The Chinese University of Hong Kong Mr Nicholas SALLNOW-SMITH Regional Chief Executive for North East Asia Standard Chartered Bank (Hong Kong) Limited (from 1 January 2008 until 31 December 2008) Secretary Mr Trevor KEEN Mr David SUN Tak-kei, BBS, JP Chairman and Managing Partner Far East Area, Ernst & Young HONG KONG MONETARY AUTHORITY • ANNUAL REPORT 2008 19 Advisory Committees THE EXCHANGE FUND ADVISORY COMMITTEE SUB-COMMITTEE STRUCTURE
    [Show full text]
  • Journal of Current Chinese Affairs
    China Data Supplement July 2008 J People’s Republic of China J Hong Kong SAR J Macau SAR J Taiwan ISSN 0943-7533 China aktuell Data Supplement – PRC, Hong Kong SAR, Macau SAR, Taiwan 1 Contents The Main National Leadership of the PRC ......................................................................... 2 LIU Jen-Kai The Main Provincial Leadership of the PRC ..................................................................... 30 LIU Jen-Kai Data on Changes in PRC Main Leadership ...................................................................... 37 LIU Jen-Kai PRC Agreements with Foreign Countries ......................................................................... 38 LIU Jen-Kai PRC Laws and Regulations .............................................................................................. 40 LIU Jen-Kai Hong Kong SAR................................................................................................................ 41 LIU Jen-Kai Macau SAR....................................................................................................................... 48 LIU Jen-Kai Taiwan .............................................................................................................................. 53 LIU Jen-Kai ISSN 0943-7533 All information given here is derived from generally accessible sources. Publisher/Distributor: GIGA Institute of Asian Studies Rothenbaumchaussee 32 20148 Hamburg Germany Phone: +49 (0 40) 42 88 74-0 Fax: +49 (040) 4107945 2 July 2008 The Main National Leadership of the PRC
    [Show full text]
  • 2010 Annual Report
    IFRS Foundation Annual Report 2010 Financial reporting for the world’s interconnected financial markets Luciana Abrantes (Brazil/Portugal) Wole Akanbi (UK) Roy Andersen (South Africa) Jon Baldurs (Iceland) Richard Barker (UK) George Barnett (UK) Elisabetta Barone (Italy) Mary E Barth (USA) Marie Christine Batt (France) Jens Berger (Germany) Gillian Bertol (UK) John H Biggs (USA) Gillian Bishop (Canada) Victoria Blackburn (UK) Christoph Bonin (Germany) Clemens Börsig (Germany) Glenn Brady (Australia) Matthew Brady (UK) David Branson (UK) David Bray (UK) Sarah Broad (UK) Joan Brown (UK) David Brown (UK) Vivien Brown (USA) Hans-Georg Bruns (Germany) Patrina Buchanan (Ireland) Kathie Bugg (USA) Mark Bunting (Ireland/South Africa) Ailie Burlinson (UK) Michael Buschhüter (Germany) Michael Butcher (UK) Mark Byatt (UK) Dora Cheung (Hong Kong SAR) Marvin Cheung (Hong Kong SAR) Ana Chinchilla (Spain) Tracey Clarey (UK) Peter Clark (UK) Kate Clark (UK) Fabienne Colignon (France) Nicola Collins (UK) Bertrand Collomb (France) Zoe Collyer (UK) Allan Cook (UK) Stephen Cooper (UK) Anthony T Cope (USA) Miranda Corti (UK) Ken Creighton (USA) Andrew Crockett (UK) Kimberley Crook (New Zealand) Andy Cutler (UK) Francesca Cuda (Italy) Bartlomiej Czajka (Poland) Alessandro d’Eri (Italy) Kumar Dasgupta (India) Philippe Danjou (France) Natasha Dara (USA) Barbara Davidson (USA) Stefan de Greling (France/Finland) James Deissler (USA) Ioannis Deniozos (Greece) Kathryn de Kauwe (UK) Yves-Thibault de Silugy (France) Samuel A DiPiazza, Jr (USA) Fiona Dunne (Ireland)
    [Show full text]
  • View Annual Report
    2008 HSBC Holdings plc Annual Review Strength, diversity and resilience HSBC Holdings plc 8 Canada Square London E14 5HQ United Kingdom Telephone: 44 020 7991 8888 Facsimile: 44 020 7992 4880 www.hsbc.com Contact Bermuda Overseas Branch Register HSBC Holdings plc Corporate Shareholder Services Incorporated in England with limited liability The Bank of Bermuda Limited Registered in England: number 617987 6 Front Street Hamilton HM11 Registered office and Bermuda Group Management Office Telephone: 1 441 299 6737 8 Canada Square London E14 5HQ ADR Depositary United Kingdom BNY Mellon Shareowner Services Telephone: 44 020 7991 8888 PO Box 358516 Facsimile: 44 020 7992 4880 Pittsburgh Web: www.hsbc.com PA 15252-8516 USA Registrars Telephone: 1 877 283 5786 Cover photography: Principal Register Contents Computershare Investor Services PLC Paying Agent (France) Strength, diversity and resilience PO Box 1064, The Pavilions HSBC France Customers are silhouetted Bridgwater Road 103 avenue des Champs Elysées against typhoon shutters as they Bristol BS99 3FA 75419 Paris Cedex 08 travel up an escalator to the Highlights of 2008 1 United Kingdom France Telephone: 44 0870 702 0137 Telephone: 33 1 40 70 22 56 banking hall of the HSBC Main Group at a Glance 2 Building in Central district, Hong Hong Kong Overseas Branch Register Stockbrokers Kong. The building overlooks Computershare Hong Kong Investor Goldman Sachs International Group Chairman’s Statement 4 Hong Kong harbour and Services Limited Peterborough Court protective shutters are lowered Rooms 1806-1807, 18th Floor 133 Fleet Street Operating Environment Hopewell Centre London EC4A 2BB when a typhoon is expected.
    [Show full text]
  • The Big Four in China: Hegemony and Counter- Hegemony in the Development of the Accounting Profession in China
    The Big Four in China: Hegemony and Counter- hegemony in the Development of the Accounting Profession in China Paul L. Gillis BA, Western State College MS, Colorado State University A thesis submitted in fulfillment of the requirements for the degree of Doctor of Philosophy (PhD) Macquarie Graduate School of Management Macquarie University Sydney, Australia June 2011 Table of Contents Table of Contents ........................................................................................................... i Abstract ....................................................................................................................... iii Acknowledgements ...................................................................................................... iv Statement of Candidate ............................................................................................... vi Abbreviations ............................................................................................................. vii List of Tables ............................................................................................................. viii Chapter 1: Introduction ............................................................................................... 1 The Big Four Accounting Firms ................................................................................. 1 The Opening Up of China and the Accounting Profession ........................................ 3 The Purpose and Significance of this Study ..............................................................
    [Show full text]
  • 2014 最佳企業管治資料披露大獎 Best Corporate Governance Disclosure Awards
    2014 最佳企業管治資料披露大獎 Best Corporate Governance Disclosure Awards Award Winners Hang Seng Index Category Diamond CLP Holdings Limited Platinum Hong Kong Exchanges and Clearing Limited Platinum HSBC Holdings plc Special Mention Hang Seng Bank Limited Non-Hang Seng Index (Large Market Capitalisation) Category Platinum The Hongkong and Shanghai Hotels, Limited Platinum The Link Real Estate Investment Trust Gold Hysan Development Company Limited Special Mention Prudential plc Non-Hang Seng Index (Mid-to-small Market Capitalisation) Category Gold SOCAM Development Limited Gold Transport International Holdings Limited Special Mention COSCO International Holdings Limited H-share Companies and Other Mainland Enterprises Category Platinum Lenovo Group Limited Gold China Merchants Bank Co., Ltd. Gold China Minsheng Banking Corp., Ltd. Special Mention COSCO Pacific Limited Public Sector/Not-for-profit Category Gold Airport Authority Hong Kong Gold Securities and Futures Commission Special Mention Hong Kong Productivity Council Sustainability and Social Responsibility Reporting Award Winner – Hang Seng Index Category CLP Holdings Limited Winner – Non-Hang Seng Index (Large VTech Holdings Limited Market Capitalisation) Category Special Mention – Hang Seng Index/ China Shenhua Energy Company Limited H-share Companies and Other Mainland Enterprises Category Special Mention – Non-Hang Seng Index The Hongkong and Shanghai Hotels, Limited (Large Market Capitalisation) Category 1 Introduction Background, Aims and Scope The annual Best Corporate Governance Disclosure Awards (“BCGDA” or “Awards”), organised by the Hong Kong Institute of Certified Public Accountants (“the Institute”), are celebrating their 15th successive year. Since their inception in 2000, the Awards have become a well-established part of the corporate governance (“CG”) landscape and a highly-respected benchmark of CG excellence in Hong Kong.
    [Show full text]
  • Hong Kong Monetary Authority
    ANNUAL REPORT THE HONG KONG MONETARY AUTHORITY Established in April 1993, the Hong Kong Monetary Authority (HKMA) is the government authority in Hong Kong responsible for maintaining monetary and banking stability. The HKMA’s policy objectives are • to maintain currency stability, within the framework of the Linked Exchange Rate system, through sound management of the Exchange Fund, monetary policy operations and other means deemed necessary • to promote the safety and stability of the banking system through the regulation of banking business and the business of taking deposits, and the supervision of authorized institutions • to enhance the efficiency, integrity and development of the financial system, particularly payment and settlement arrangements. The photographs The first half of 2003 was a time of difficulty and challenge for people in Hong Kong. The second half brought new confidence and optimism. The theme for the photographs in this year’s Annual Report is the Spirit of Hong Kong. The photographs show Hong Kong people working together, as individuals and in teams, often under pressure, to overcome challenges. Contents 2 Highlights of 2003 4 Chief Executive’s Statement 10 About The HKMA 14 Advisory Committees 20 Chief Executive’s Committee 24 The HKMA: The First 10 Years 33 Economic and Banking Environment 51 Monetary Stability 57 Banking Stability 75 Market Infrastructure 83 International Financial Centre 87 Reserves Management 92 The Exchange Fund 123 Professional and Corporate Services 132 Calendar of Events 2003 134 Annex and Tables 157 Abbreviations used in this Report 158 Reference Resources The chapter on Banking Stability in this Annual Report is the report on the working of the Banking Ordinance and the activities of the office of the Monetary Authority during 2003 submitted by the Monetary Authority to the Financial Secretary in accordance with Section 9 of the Banking Ordinance.
    [Show full text]