Chan Kin-por: I would like to ask the Financial Secretary, apart from the notification period and the control period, has the Government put in place any legislation or measures to ensure that senior staff of the HKMA, who have taken up new employment in another organizations upon leaving the HKMA, will not make use of …
Following is an oral question on enhancing private building management by the Hon Chan Kin-por and a reply by the Secretary for Home Affairs, Mr Tsang Tak-sing, in the Legislative Council on November 3: Question: The Chief Executive has announced in the policy address just delivered that the Government will adopt a number of measures …
Speech of the Hon KP Chan on housing, insurance and RMB policies on the motion of thanks for the Policy Address at the Legislative Council meeting on October 27, 2010 (Synopsis) MR PRESIDENT, this year’s Policy Address is heading at the right direction to refocus on livelihood issues like housing and helping the poor. However, …
The Hon KP Chan expressed the following views on the proposal of the Hon James TO Kun-sun concerning the appointment of a select committee to inquire into issues relating to the transfer of customers’ personal data by commercial organizations during the House Committee meeting on October 22: Mr CHAN Kin-por said that the business sector …
Motion on “The Business Sector’s Feeling in the Octopus Incident”（2010.10.22） Read More »
The Deputy Chairman [KP Chan] said that the Administration had promised the insurance sector a second round consultation on the IIA proposals. The sector was worried that the Administration would simply take forward the proposal without taking into account its feedback when finalizing the legislative proposals. He sought the Administration’s assurance that the second round …
The Deputy Chairman [KP Chan] asked when the Administration would announce the legislative proposal for introduction of the Policyholder’s Protection Fund (PPF), and what the legislative timetable was. SFST said that an actuarial consultancy study was underway which involved compilation and analysis of voluminous actuarial data. Meanwhile, the Administration had actively engaged the insurance sector …
Speech of the Hon KP Chan to move amendments to Member’s motion on better protection of personal data privacy: MR PRESIDENT, the Personal Data (Privacy) Ordinance has been in force for over 10 years. All along, the direct sale industry has been operating under advice of legal counsels to ensure compliance in mode of operation …
Motion on “Better Protection of Personal Data Privacy”（2010.10.20） Read More »
KP Chan commented the following during the discussion on the proposed establishment of an independent Insurance Authority: “Regulation of one sector by two regulatory bodies”Mr CHAN Kin-por remarked that the merit of regulating the insurance industry under a single regulator, including the sale of insurance products in banks, was consistency in regulatory standards and enforcement …
Motion on “Proposed Establishment of an Independent Insurance Authority”（2010.10.12） Read More »
Submission of the Hon K P Chan to the Chief Executive on Policy Address of 2010/11 INSURANCE AND ECONOMIC DEVELOPMENT 1. Listen to industry on independency of Insurance Authority. In the consultation paper issued by the Government, many recommendations are too general for meaningful feedback. At this juncture, the Government should listen to the industry …
Submission on the 2010-2011 Policy Address（2010.08.31） Read More »
Summary of the Hon Chan Kin-por’s remarks at the Panel on Financial Affairs (July 19th, 2010) regarding the proposal on the establishment of the Independent IA (IIA): In principle, I support the proposal on the establishment of the independent IA as it will result in better regulated insurance companies and the better protection of the …
