Panel on Financial Affairs

Meeting on
Monday, 2 February 2009, at 9:00 am
in the Chamber of the Legislative Council Building

Revised agenda
(as at 30 January 2009)

I.Confirmation of minutes of meeting and matters arising

LC Paper No. CB(1)682/08-09
(issued on 30 January 2009)

-Verbatim record of special meeting on 18 December 2008

LC Paper No. CB(1)680/08-09
(issued on 30 January 2009)

-Minutes of meeting on 1 December 2008

II.Information papers issued since the last meeting

LC Paper No. CB(1)545/08-09(01)
(issued on 9 January 2009)

-Letter dated 25 November 2008 from "a helpless investor" (Chinese version only)

LC Paper No. CB(1)545/08-09(02)
(issued on 9 January 2009)

-Administration's written response to the letter

LC Paper No. CB(1)627/08-09(01)
(issued on 19 January 2009)

-Administration/the Mandatory Provident Fund Scheme Authority's paper on Government injection into mandatory provident fund accounts of eligible persons arrangements for handling requests for review of eligibility

LC Paper No. CB(1)645/08-09(01)
(issued on 20 January 2009)

-Administration's paper on fourth quarterly report of 2008 on Employees Compensation Insurance Reinsurance Coverage for Terrorism

LC Paper No. CB(1)653/08-09(01)
(issued on 21 January 2009)

-Press release on People's Bank of China and Hong Kong Monetary Authority (HKMA) sign Currency Swap Agreement

LC Paper No. CB(1)688/08-09(01)
(issued on 29 January 2009)

-Administration/HKMA's paper on the fees and charges for banking services

III.Date of next meeting and items for discussion
(9:00 am - 9:05 am)

LC Paper No. CB(1)678/08-09(01)
(issued on 30 January 2009)

-List of outstanding items for discussion

LC Paper No. CB(1)678/08-09(02)
(issued on 30 January 2009)

-List of follow-up actions

#IV.Briefing on the reports prepared by the Hong Kong Monetary Authority and the Securities and Futures Commission on the Lehman Brothers Minibonds incident
(9:05 am - 10:35 am)

LC Paper No. CB(1)678/08-09(03)
(issued on 30 January 2009)

-Paper provided by Administration

IN06/08-09
(issued on 30 January 2009)

-Information note on regulation of the sale of retail structured financial products in selected places prepared by the Research and Library Services Division of the Legislative Council Secretariat

Relevant papers previously issued by the Subcommittee to Study Issues Arising from Lehman Brothers-related Minibonds and Structured Financial Products

LC Paper No. CB(1)552/08-09(01)
(English version issued on 9 January 2009 and Chinese version issued on 20 January 2009)

-Report of SFC entitled "Issues raised by the Lehman Minibonds crisis - Report to the Financial Secretary"

LC Paper No. CB(1)552/08-09(02)
(English version issued on 9 January 2009 and Chinese version issued on 20 January 2009)

-Report of HKMA entitled "Report of the Hong Kong Monetary Authority on Issues concerning the Distribution of Structured Products Connected to Lehman Group Companies"

*V.Briefing on the work of the Hong Kong Monetary Authority
(10:35 am - 12:00 noon)

LC Paper No. CB(1)678/08-09(04)
(issued on 23 January 2009 and updated version of page 41 issued on 30 January 2009)

-Paper provided by HKMA

*VI.Rewrite of the Companies Ordinance
(12:00 noon - 12:40 pm)

LC Paper No. CB(1)678/08-09(05)
(issued on 23 January 2009)

-Administration's paper on progress update on the Companies Ordinance rewrite exercise

LC Paper No. CB(1)677/08-09
(issued on 23 January 2009)

-Updated Background Brief on the Companies Ordinance rewrite exercise prepared by the Legislative Council Secretariat

VII.Any other business
(12:40 pm - 12:45 pm)

# Members of the Subcommittee to Study Issues Arising from Lehman Brothers-related Minibonds and Structured Financial Products are invited to join the discussion of agenda item IV.

* All other Hon Members of Legislative Council are invited to join the discussion of agenda Items V and VI. Item VI relates to a future legislative proposal.


Council Business Division 1
Legislative Council Secretariat
30 January 2009