15 May 2006Mr Frederick Ma Shi-hangSecretary for Financial Services and the TreasuryHong Kong SAR Government8/F, West Wing, Central Government OfficesIce House StreetCentralHong KongDear Fred,We note media reports suggesting that the Government intends to soon present proposals for Statutory Backing to Listing Rules to the Legislative Council for debate. We believe to do so would be premature, as there remain numerous shortcomings inherent to the proposals in their current state, and that these need to be worked out through further consultation.Sincerely,David EldonChairman
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