Gordon Campbell | Parliament TV | Parliament Today | Video | Questions Of the Day | Search


Minister visits financial market players

Minister visits financial market players in Hong Kong, Singapore

Commerce Minister Simon Power leaves tonight on a four-day trip to Hong Kong and Singapore which is primarily focused on the financial sector.

In Hong Kong, the Minister will hold talks with the Acting Secretary for Financial Services and the Treasury, and officials at the Securities and Futures Commission, the Monetary Authority, the Stock Exchange, and the Futures Exchange.

In Singapore, he will meet the Monetary Authority, the Singapore Business Federation, and the Competition Commission.

“I’m looking forward to discussing how these major financial centres fared through the global economic crisis.

“I’m particularly interested in gaining an insight into how Hong Kong and Singapore regulate their financial markets, in order to prepare the path as part of major reform aimed at restoring investor confidence in our capital markets.”

New Zealand’s reforms include recent changes to the Financial Advisers Act, Financial Services Providers Act, Securities Trustees and Statutory Supervisors Bill, and the establishment of the Financial Markets Authority.

“The Asian region is critical to New Zealand’s economic future and it’s important our financial markets are attractive to investors from this region, especially as we approach decisions on the review of securities law”

While in Hong Kong, Mr Power, in his capacity as Minister of Justice, will also have talks with the Secretary of Justice.


© Scoop Media

Parliament Headlines | Politics Headlines | Regional Headlines

Gordon Campbell: On Why Fair Pay Agreements Should Be Embraced

Are Fair Pay Agreements (FPAs) truly the work of the devil? Given the vehement response to them last week by (a) employer groups and (b) by their parliamentary friends on the extreme right, you could be forgiven for thinking these FPA things will mean curtains for commerce as we’ve known it for the past 30 years. Believe me, they won’t. Less excitable types will regard FPAs as heralding only a mild shift towards a more centralised form of bargaining over wages and conditions, much akin to what other successful economies (eg Germany) have recognised for decades... More>>


Government: Further Action Against Gang Crime

The Government will make it illegal for high risk people to own firearms by introducing Firearms Prohibition Orders (FPOs) that will strengthen action already taken to combat the influence of gangs and organised crime to help keep New Zealanders and their ... More>>


Maori Party: Whakatōhea High Court Decision

“We applaud the Whakatōhea High Court case that has now set a precedent for Māori rights and interest in their foreshore and seabed. It’s an outstanding decision because the Court recognises all reclaimed lands with significant and boating traffic” ... More>>


Judith Collins: Speech To Lower North Island Regional Conference

Good morning, delegates. It’s an absolute privilege to be speaking to you all here today as your leader. I’d like to acknowledge National Party President Peter Goodfellow, my fellow board members, my lower North Island colleagues and all of ... More>>

PM: Statement On The Speaker And Annual Review Debate

“The serious issue of alleged sexual assault and harassment at Parliament was poorly managed and inappropriately politicised last night. The tone of the debate did not reflect well on Parliament as a whole,” Prime Minister Jacinda Ardern said. ... More>>

Parliament: Mallard Fails To Give Taxpayers A Straight Answer

Trevor Mallard has confirmed he is unfit to be Parliament’s Speaker by failing to answer several important questions relating to the false rape accusation saga that cost taxpayers more than $330,000, Shadow Leader of the House Chris Bishop says. ... More>>

Local Government: Independent Review To Explore Future

Local Government Minister Nanaia Mahuta says an independent review of local government will explore how councils can maintain and improve the wellbeing of New Zealanders in the communities they serve long into the future. More>>


PM Ardern And PM Morrison: Commencement Of Two-Way Quarantine-Free Travel Between Australia And New Zealand

Joint Statement by Prime Ministers Scott Morrison and Jacinda Ardern Commencement of two-way quarantine-free travel between Australia and New Zealand Today, Australia and New Zealand have fulfilled their commitment to establish two-way quarantine free ... More>>




InfoPages News Channels