Borrison/hk-legicost huggingface dataset:
大家可以看到，政府提交的法案是i段，而政府提出的議案則為j段。
Members can see that Bills introduced by the Government and motions proposed by the Government are respectively placed in paragraphs i and j
換言之，我們現在討論的《2017年銀行業條例草案》，按《議事規則》的排序是較重要的，在立法會會議中應優先處理。
In other words the Banking Amendment Bill 2017 the Bill now under discussion is more important as prescribed by the order of business in RoP and should be dealt with on a priority basis at a Council meeting
第二個前提，我們說回第544條。
Here comes the second premise . Let us come back to RoP 544
一般而言，一項法案的處理必須經過首讀、二讀，在二讀後交付內務委員會決定是否成立法案委員會。
Generally the processing of a Bill must undergo First Reading and Second Reading . Upon Second Reading being proposed it will be referred to the House Committee which will decide on the forming or otherwise of a Bills Committee
待法案委員會完成審議後，再提交立法會會議進行二讀辯論，全體委員會階段，以及最後三讀通過法案。
After the Bills Committee has completed its scrutiny the Bill will subsequently be tabled at a Council meeting for Second Reading debate Committee stage and Third Reading as the final step for passage
不過，主席，第544條則訂明一種例外情況。
But President RoP 544 provides for an exception
一般而言，法案經政府二讀後，便會交付內務委員會，除非立法會就任何議員提出的一項可無經預告而動議的議案另有命令。
Generally speaking a Bill will be referred to the House Committee after the Government has moved its Second Reading unless the Council on a motion which may be moved without notice by any Member otherwise orders
你可否具體告訴我們，一位議員在表述時，可用多少時間來交代背景呢？
Can you tell us in specific terms how much time a Member is allowed to spend on explaining the background when he presents his views?
我已清楚說明，根據《議事規則》第411條，議員不得提出與議題無關的事宜，而根據《議事規則》第451條......
I have stated clearly that according to RoP 411 Members shall not introduce matters irrelevant to the subject; and under RoP 451
我現正向你說明，而剛才我亦已數次清楚提醒，議員發言時應針對如何處理《條例草案》的餘下程序。
I am now giving you an explanation . And just now I already gave a clear reminder a few times that Members speeches should address the question of how the remaining proceedings of the Bill should be dealt with
究竟有何準則判斷應否加快法案的審議呢？
What criteria should be adopted to determine whether the scrutiny of a Bill should be expedited?
我認為最基本的準則，便是該項法案是否具爭議性。
I think that the most fundamental criterion is whether the Bill is controversial
主席，劉局長剛才在他的開場發言時已經提到，財經事務及庫務局在10月11日提交我們的文件也提到，在公眾諮詢方面，政府在2017年3月16日向立法會財經事務委員會簡介上述立法建議，而委員未有提出任何反對意見。專員先後在2016年3月和9月，分別就落實巴塞爾委員會的新風險承擔限度框架，以及恢復規劃的規定，徵詢銀行界對有關建議的意見，而業界普遍表示支持。
President as already mentioned in the opening speech of Secretary James Henry LAU and the paper submitted to us by the Financial Services and the Treasury Bureau on 11 October insofar as public consultation is concerned the Government consulted the Legislative Council Panel on Financial Affairs on 16 March 2017 on the legislative proposals and Members did not raise any objections; the Monetary Authority consulted the banking industry on its proposals for the implementation of the Basel Committee on Banking Supervisions new exposure limits framework and recovery planning requirements in March and September 2016 respectively and the feedback received was generally supportive; and a second round of industry consultation on the detailed provisions of the Bill was conducted in July 2017 and again the industry was broadly supportive of the proposed amendments
為甚麼盡快通過《條例草案》如此重要呢？
Why is it so important to pass the Bill as soon as possible?
主席，其實政府的文件已清楚說明。
President the Governments paper has actually given a clear explanation
政府在文件第23段提到："建議有助香港依時落實銀行業的最新國際監管標準，加強銀行體系的應變能力。
The Government says in paragraph 23 of the paper The proposals will facilitate the timely implementation of the latest international standards on banking regulation in Hong Kong thereby enhancing the resilience of our banking system
建議有助提升香港作為國際金融中心，以及巴塞爾委員會和金融穩定理事會等訂立國際標準的組織成員的公信力。
This will add to the credibility of Hong Kong both as an international financial centre and a responsible member of the international standard - setting bodies including the BCBS and the FSB
"大家剛才亦聽到局長表示希望立法會盡快通過《條例草案》，我現在所做的正正配合局長的想法。
Just now Members could also hear the Secretary indicate his wish for the expeditious passage of the Bill in the Legislative Council . What I seek to do now is precisely to dovetail with the Secretarys thoughts
當政府把《條例草案》提上今天的議程，便代表政府希望處理這事項，這便引發我們一種想法，就是要處理的話，便要完整地處理。
The Governments placing of the Bill on the Agenda today shows that it wishes to deal with this matter . This has triggered a thought among us the thought that if it has to be dealt with the process must not be interrupted
可是，在過去一段日子，特別是這兩個星期，主席，我們看到行政當局在面對立法會時，經常以粗暴手段來扭曲我們的議程。
However over the past period especially these last two weeks President we have seen how often the executive has sought to distort our Agenda by forceful means in its dealings with the Legislative Council
主席，我如何離題呢？
President how have I strayed from the subject?
你指出我要說服各位議員支持議案，但當我指出政府在過去一段日子濫用行政當局的權力......
You have pointed out that I must convince Members to support the motion . But when I pointed out that over the past period the Government had abused its power as the executive
你應針對如何處理《條例草案》的餘下程序發言，而你卻提及眾多其他事宜，現在談論行政當局的作為更是離題。
Your speech should address the question of how the remaining proceedings of the Bill should be dealt with . You have mentioned many other matters and your discussion on the executives acts is even a digression from the subject
主席，我沒有重複又重複。
President I have not repeated my arguments over and over again
我希望你澄清一下，我重複了甚麼？
I hope you can clarify which points I have repeated
現在只是你不讓我發言，請你不要說我重複。
The present situation is merely that you do not allow me to speak . Please do not say that I have repeated myself
主席，上星期的例子告訴我們，立法會......
President the example last week serves to tell us that the Legislative Council
朱凱廸議員，這是最後警告，如果你仍不返回有關議題，而繼續發言離題，我必須指示你停止發言。
Mr CHU Hoi - dick this is my last warning . If you still refuse to return to the subject concerned and continue to stray away from it in your speech I must direct you to stop speaking
主席，我可以繼續嗎？
President may I continue?
我認為我們應該把握這個機會，藉通過這項議案，向行政當局發出一個清楚的信息，就是立法會是有尊嚴的，立法會不是可以隨便讓當局操弄的，我們有我們的慣例，有我們的會議常規。
In my view we should seize this opportunity and pass this motion in order to send an unequivocal message to the executive the message that the Legislative Council has its dignity and will not succumb to the authorities arbitrary manipulation . We have our established practices and rules of procedure
在兩者之間，我認為議會的選擇應該可以很明確。
I think the legislatures choice between the two should be crystal clear
這才是捍衞公眾利益，令我們的政制可以朝着健康的方向發展。
This is rather the way of safeguarding public interest and it can enable our political system to develop in a healthy direction
我希望大家支持我今天根據《議事規則》第544條提出的這項議案，多謝主席。
I hope Members can support this motion proposed by me under RoP 544 today . Thank you President
是否有官員想發言？
Does any public officer wish to speak?
代理主席，規程問題。
Deputy President point of order
我想在此請代理主席清楚解釋何謂冗贅煩厭，因為在議會內，議員有相同的理據和看法，並非甚麼奇怪的事。
Here I would like to ask the Deputy President to clearly explain the meaning of tedious repetition as it is not uncommon for Members to hold the same arguments and views in this Chamber
剛才已有其他議員提出這個問題，我現在再回應張議員一次。
Other Members have raised this issue just now . I now give a response to Dr CHEUNG once again
我希望大家理解，這不是辯論《議事規則》演繹的適當場合。
I hope Members will understand that this is not a proper occasion to debate the interpretation of RoP
我在執行《議事規則》第451條時，已在維護議員發言權利，以及避免議會討論不斷重複之間求取平衡。
A balance was struck between upholding Members right to speak and avoiding repetitive discussion in this Council when I enforced RoP 451
大家如有留意，當議員重複論點時，我並沒有即時指示議員停止發言，而只是提醒議員正重複論點，我亦隨而請有關議員繼續發言。
If Members have noticed they would find that when Members repeated arguments I did not direct Members to stop speaking immediately but reminded them that they were being repetitive . I then asked the Member concerned to continue to speak
《議事規則》的條文是"冗贅煩厭地重提本身或其他議員的論點"，即如果......
It reads tedious repetition of his own or other Members arguments which means if
陳志全議員，你引用哪一條《議事規則》提出問題？
Mr CHAN Chi - chuen which rule of RoP are you invoking to raise a point?
各位議員過去在會議廳也曾就不同議題針鋒相對。
There have been heated debates between Members in the Chamber on different topics in the past
陳志全議員，請提出你的規程問題。
Mr CHAN Chi - chuen please raise your point of order
主席，銀行業代表陳振英議員在其發言內，指出討論《2017年銀行業條例草案》應該會感到有點壓力，而我更對銀行業完全不熟悉。
President Mr CHAN Chun - ying who is the representative of the banking industry pointed out in his speech that this discussion about the Banking Amendment Bill 2017 the Bill would make us a bit nervous . I in particular have no idea about the banking industry whatsoever
不過，大家不要以為我與陳議員互不相干，事實上，我們有很多共同議題。
However this is not to say we have nothing to do with each other . In fact there are many issues that pull both of us together
在數星期前，我們一起開會討論銀行如何方便一些殘障人士。
A few weeks ago we had a meeting together to discuss how banks could make things more convenient for some people with disabilities
《條例草案》旨在就認可機構的恢復規劃或計劃，訂定條文、更改認可機構的風險承擔限度，以及賦權金融管理專員就這些限度訂立規則，並且廢除兩項根據條例訂立的附屬法例。
The Bill seeks to make provisions in relation to the recovery planning or plans of authorized institutions AIs change the limitations on financial exposures incurred by them empower the Monetary Authority MA to make rules in relation to these limits and repeal two pieces of subsidiary legislation made under the relevant ordinance
金管局每半年發布一份《貨幣與金融 穩定情況半年度報告》，最新的一份報告在2017年9月發表。報告的第4頁指出，"我們預期銀行業未來將面臨多重挑戰。
Released semi - annually by HKMA The Half - Yearly Monetary and Financial Stability Report published its latest issue in September 2017 pointing out in page four that the banking sector is expected to face various challenges ahead
其中主要先進經濟體的政策不確定性更是影響香港銀行業的重要風險因素。
In particular policy uncertainties in major advanced economies are one important risk factor affecting the Hong Kong banking sector
"此外，一項專題研究主要針對央行的貨幣......
Also a topical study on central banks monetary
張超雄議員，我想提醒你，你應該針對如何處理《條例草案》的餘下程序發言，而不是談論金管局如何評估本港的風險。
Dr Fernando CHEUNG I wish to remind you that you should focus your speech on how to deal with the remaining proceedings of the Bill not on the risk assessment of Hong Kong by HKMA
主席，《條例草案》正是要加強銀行體系的應變能力，包括在體系出現風險的時候，如何加強抗逆能力，或在重大事件發生前，如何擬定一套恢復計劃。
President the Bill is precisely about strengthening the resilience of our banking system which concerns such questions as how the banking systems ability to cope with adversities could be enhanced when systemic risks arise and how to formulate a recovery plan before the incidence of major events occur
這項專題研究談及主要央行的貨幣政策變動如何影響香港的外國銀行......
The topical study mentioned how changes of monetary policies in major central banks would affect foreign banks in Hong Kong
朱凱廸議員認為《條例草案》非常迫切，不能再等，而要立即恢復二讀，然後進行投票。
Mr CHU Hoi - dick considers the Bill extremely urgent so much so that the Second Reading debate of the Bill has to be resumed immediately followed by voting without delay
為了考慮這件事情的迫切性，我一定要看看金管局認為現時本港銀行承受的風險有多迫切。
To consider the urgency of the matter we must take a look at how urgent are the risks borne by our banking system currently according to HKMA
這是金管局發出的一個警示。
This is a warning from HKMA
此外，權威人士任志剛在今年5月27日對香港回歸20年發表個人感想......
Moreover the authoritative Joseph YAM shared on 27 May this year his personal reflections on the 20 years since the reunification of Hong Kong
我和大家講道理，引經據典，全都與《條例草案》針對的問題有關。
All my reasoning and quotations have everything to do with issues pinpointed by the Bill
主席，我不明白你不斷打斷我發言的原因，我正正想指出香港銀行業正面對的金融風暴，銀行的財政承擔力有多脆弱，以至議員應如何處理朱凱廸議員的建議。
President I have no idea why you keep interrupting me . What I precisely wish to point out is the financial turmoil confronting the banking system of Hong Kong how vulnerable is the financial exposure position of our banks and how Members should handle Mr CHU Hoi - dicks proposal
其實，我們要討論的是，香港現時是否正面對這些風險，包括IMF我相信陳振英議員一定清楚明白等機構真的很少會點名指出某些銀行在未來數年會面對危機。
In fact what we should be discussing is whether Hong Kong is currently facing these risks ie . international warnings―I believe Mr CHAN Chun - ying must clearly understand all these―it is really rare for bodies such as IMF to identify certain banks that might face a crisis in the coming years
主席，我剛才最後談到，陳振英議員以業界的角度來看，認為其實未必需要那麼早通過《條例草案》，因為巴塞爾銀行監管委員會的要求是在2019年落實新監管框架。
President I was talking about Mr CHAN Chun - yings view that it may not be necessary from the perspective of the industry to pass the Bill so early as the BCBS requires the implementation of the new regulatory framework by 2019
不過，站在公眾利益的角度來說，我認為這樣做並不早，這項條例草案應及早處理，讓本地法例及早達到國際標準。
However from the perspective of public interest I consider it not at all early to do so . The Bill should be dealt with expeditiously so as to bring the local legislation on par with international standards as soon as practicable
所以，在時間性上，我同意政府此刻提出《條例草案》，賦予金融管理專員權力就這框架制定附屬法例。
Hence in terms of timing I agree with the Government to propose the Bill now and empower MA to make subsidiary legislation in accordance with that framework
話雖如此，最重要的是，有否迫切性......
That said most importantly whether there is an urgency
主席，剛才我說到迫切性問題。
President just now I was speaking on the question of urgency
其實，巴塞爾協定以往並非只討論了一次，而有關的討論是以早前發表的《巴塞爾協定二點五》方案為基礎的，所以，不論政府或銀行業界都可能猜到有《巴塞爾協定三》的出現。
Actually the Basel Accord has been discussed more than once in the past and the relevant discussions were based on the Basel 2.5 package released earlier . Hence both the Government and the banking industry might have guessed that Basel III would come into being
請你不要再長篇論述歷史，而應集中討論如何處理《條例草案》的餘下程序。
Please stop talking about history at great length . Instead you should focus on discussing how to deal with the remaining proceedings of the Bill
主席，我正嘗試向你解釋為何《條例草案》有需要不在今天作出辯論，因為其內容複雜。
President I was trying to explain to you the need for the Bill not to be debated today . Because its content is complicated . I was explaining it in this way but every time I said something you accused me of repeating other peoples arguments
我覺得這做法並不合宜，因為《條例草案》內容頗為複 雜，除非主席認為整件事很簡單。
I consider this approach inappropriate because the content of the Bill is rather complicated unless the President regards the whole matter as very simple
所以，在這個情況下，我實在不知道有多少位議員聽得懂何謂"一級資本"、"二級資本"、"資本總額"，甚至是"確認銀行綜合資本基礎中的少數股東權益"等。
Hence in this situation I really wonder how many Members understand what is meant by Tier 1 capital Tier 2 capital total capital or even recognition of minority interest in banks consolidated capital base
其中一張投影片提到，有意見要求當局按巴塞爾委員會的時間表落實大額風險承擔框架的修訂。
It was mentioned in one of the slides that there was a view requesting the authorities to align the amendment to the large exposures framework with the timetable of the Basel Committee on Banking Supervision BCBS
在這麼短的時間內，我相信今天很多同事也一樣，根本沒有心理準備進行此項辯論。
I believe many Honourable colleagues are similarly not prepared at all to engage this debate within such a short time today
如果有意見認為，要按巴塞爾委員會的時間表落實大額風險承擔框架的修訂，而這方面未作處理的話，我相信今天不適宜作出任何決定或表決。
If there is a view that it is necessary to align the amendment to the large exposures framework with the timetable of BCBS and such a view has yet to be addressed I do not think it is appropriate to make any decision or take any vote today
我很尊重每一位議員的權利。
I respect the right of every Member
有些人選舉的時候才說："我雖然不同意你的意見，但誓死保衞你的言論自由和權利"。
Some people would say the following only at times of election I disapprove of what you say but I will defend to the death your freedom and right to say it
好的，多謝"謝主席"，不好意思，多謝梁主席。
All right thank you President TSE . Sorry thank you President LEUNG
如果你繼續重複論點，我會要求你停止發言。
If you continue to repeat your argument I will ask you to stop speaking
因為始終我們是巴塞爾委員會的成員，我們當天答應了，香港政府有責任盡快落實。
Because after all Hong Kong is a member of BCBS . We made an undertaking at that time . The Hong Kong Government has the obligation to implement it as soon as possible
正如局長剛才在自己的開場白中表示，想盡快通過這項《條例草案》。
Just now the Secretary expressed in his opening speech his wish for this Bill to be passed as soon as possible
我絕對支持，絕對同意。
I absolutely support and totally agree with him
我手上也有很多資料，包括......政府新聞網果然很迅速，現時我手上已經拿着劉怡翔局長今天就《2017年銀行業條例草案》的發言稿。
I also have a lot of information on hand which includes The news website of the Government is quick indeed and I have already got the script of Secretary James Henry LAUs speech on the Banking Amendment Bill 2017 the Bill made today
所以，我們能否有健康及符合國際要求的改善措施，與金融業可說是息息相關的。
It follows that whether we can put in place healthy improvement measures in line with the international standards is closely related to the financial services sector
正如我剛才提到，如果我們走得太快，國際間可能會嫌香港金融業過於侷促，甚至管制太多，這正正也是銀行業界之前提出的疑慮。
As I said just now if we proceed with it too fast the financial services sector in Hong Kong may be shunned by the international community for being overly rigid and even imposing excessive control . This is exactly a worry expressed by the banking industry before
正如我剛才所說，銀行業界一直擔憂，便是如果我們走得太快，反而會被其他地方的銀行體系超越，我昨天也......
As I said just now the banking industry has all along been concerned that if we proceed with it too fast we would nevertheless be overtaken by the banking systems of other places . Yesterday I also
陳淑莊議員，我提醒你，現時辯論是關乎應否支持朱凱廸議員提出不將《條例草案》交付內務委員會處理的議案。
Ms Tanya CHAN let me remind you that this debate concerns whether support should be given to the motion proposed by Mr CHU Hoi - dick of not referring the Bill to the House Committee
我一直嚴格按照《議事規則》行事。
I have always acted strictly in accordance with RoP
當然，主席，我想澄清一點，根據《議事規則》第544條，議員根本不知道朱凱廸議員提出議案後，應如何處理本《條例草案》，因為始終應由朱凱廸議員提出整個程序，所以我並不了解整個流程。
Certainly President I would like to clarify one point . Pursuant to RoP 544 Members simply have no idea how the Bill should be dealt with after Mr CHU Hoi - dick has proposed the motion because after all he should be responsible for proposing the entire proceedings . This is why I do not understand the whole process
我只想指出，如果本會要緊急處理某項法案，便應由全體委員會就修正案進行辯論和予以三讀。
I merely wish to point out that if this Council is to deal with a certain Bill urgently the amendments to it should be debated by a committee of the whole Council and the Bill will be read the Third time
主席，我剛才談到是否受到國際機構懲處的問題，或是否有需要採取緊急措施，但兩者也不適用於本《條例草案》。
President the two considerations I mentioned just now that is whether Hong Kong will be penalized by international organizations and whether emergency measures must be taken are not applicable to the Bill
所以，基於上述理由，我對朱凱廸議員提出的這項議案有所保留。
Hence for the aforesaid reasons I have reservations about Mr CHU Hoi - dicks motion
我為何支持按原有安排審議本《條例草案》呢？
Why do I support examining the Bill according to the original arrangements?
第一，每個國際機構對香港也有不同要求，如果議員因省時、省力的緣故，而要即日完成法案的首讀、二讀和三讀程序，便會給國際社會兩個非常差的印象：第一，本會議員態度馬虎，完全不動腦筋，也不想細閱條文，不經法案委員會便通過政府提出的所有法案。
First of all every international organization has a different set of requirements for Hong Kong . Members will leave the international community a very poor impression should they rush a Bill through its First Second and Third Readings on the same day for the sake of saving time and energy First Members of this Council adopt a slapdash attitude without racking their brains . Nor do they wish to read the provisions carefully
讓我們回看《2017年銀行業條例草案》和其他將在今年提交立法會審議的16項法案，我認為即使要加快審議，也不應是本《條例草案》，雖然這項《條例草案》整體來說未必太複雜。
Let us review the Bill and the 16 other Bills that will be introduced into the Legislative Council this year . Broadly speaking although the Bill might not be too complicated it should not merit an expedited examination
因此，香港作為金融中心絕對無須加快審議本《條例草案》。
For this reason there is absolutely no need for Hong Kong as a financial centre to expedite the examination of the Bill
雖然你說論點可能有相似對於不能重複自己的論點，我認為是可以，但對於你指不能重複另一位議員所提出的論點，我認為這並非《議事規則》的規定，除非代理主席可以指出是哪一項《議事規則》有這規定，多謝代理主席。
According to you the arguments may be similar―while I consider it alright for you Deputy President to require us not to repeat our own arguments I do not consider your instruction requiring us not to repeat other Members arguments a provision of RoP unless you can specify which rule . Thank you Deputy President
你的發言已經離題......
Your speech has strayed away from the question this Bill should not go to the House Committee
其實，大家所憂慮的主要是究竟在這項有關銀行業的《條例草案》中，我們根據巴塞爾銀行監管委員會的規定而訂立的恢復機制能否應付現時的危機。
In fact our major concern is this In this Bill concerning the banking industry can the recovery mechanism set up in accordance with the requirements of the Basel Committee on Banking Supervision BCBS cope with the crisis now?
主席，大家都知道，1997年曾出現金融危機，2007年 亦曾出現金融危機，而現在是2017年，其實無論是本地財經界人士，包括我們的財政司司長或不同的國際學者，例如最近獲諾貝爾經濟學獎的學者，均曾表示憂慮金融危機隨時爆發。
As we all know President a financial crisis took place in 1997 and another one took place in 2007 and it is 2017 now . In fact members of the local financial services sector including our Financial Secretary or international academics such as the scholar who won the Nobel Prize in Economic Sciences recently have all expressed concern about the onset of a financial crisis anytime
由於金融危機隨時爆發，加上我們在雷曼兄弟事件中得到的經驗，主席，我們有責任在本會盡快處理有關的金融機構，無論是銀行或接受存款機構，究竟應如何面對突然而來的金融危機這課題。
Given that a financial crisis may break out anytime coupled with the experience we gained from the Lehman Brothers incident President we in this Council are duty - bound to address as soon as possible the issue of how the financial institutions be they banks or deposit - taking companies should cope with the sudden onslaught of a financial crisis
如果我們把《條例草案》付委內務委員會成立的法案委員會審議，又會否令法例不能發揮適時的效用，因而無法在短期內利用法例賦予的權利，即給予金融管理專員法定權力，以維持、修訂或實施恢復計劃呢？
If the Bill is committed to a Bills Committee set up by the House Committee for scrutiny will it inhibit the legislation from performing its function in a timely manner thus making it impossible for the powers conferred by the legislation namely the statutory powers conferred on MA to be invoked to maintain revise or implement a recovery plan?
我對此表示憂慮。
I feel concerned about this point
大家也知道，《條例草案》有一項更重大的修訂，我引述《條例草案》其中的修訂，當中訂明在香港成立為法團的認可機構所獲取或持有任何機構的股本價值，不得超過機構資本基礎的25%，主席，這些很多也是投資的項目。
As Members all know there is an even more important amendment in the Bill . Let me cite this amendment in the Bill . It is provided that an authorized institution incorporated in Hong Kong shall not acquire or hold share capital of any other company to a value exceeding 25 % of its capital base
大家也知道，我們現正處於資產泡沫的情況，很多法定團體，不論是銀行或財務公司，如果它們在香港的投資涉及固定資產，例如地產項目、土地等，其股本價值動輒會有很大的改變。
President many of these are investment projects and as we all know the risks of an asset bubble are looming . With regard to many incorporated institutions be they banks or finance companies if their investment in Hong Kong involves fixed assets such as real estate development projects land and so on the value of the share capital is likely to change substantially
大家在香港也曾目睹不同時代的金融危機，如果我們在這個時候訂明為25%，而在這條例生效後的基礎突然有所改變，這是否可以 預視將來當這些金融機構真的面臨倒閉時，便無法透過《條例草案》賦權金融管理專員維持或修訂恢復計劃，我對此表示極大的擔心。
We in Hong Kong have witnessed at different times the havoc wrought by a financial crisis . If we stipulate a threshold of 25 % now and in the event of sudden changes in the capital base after the enactment of the Bill can it not be envisaged that when these financial institutions are really about to fail it would be impossible for powers to be conferred by the Bill on MA to maintain or revise a recovery plan? . I feel gravely concerned about this
當然有人會懷疑，究竟我們應用多少時間處理這事情？
Of course some people may doubt about how long a time we should spend on this process
但是，主席，我有少許擔心的一點是，《條例草案》除了確保銀行及接受存款機構能夠符合條例的所有要求外，有一點是很重要的。
But President I am a bit worried about one point and that is insofar as the Bill is concerned apart from ensuring compliance by banks and deposit - taking companies with all the requirements in the Bill there is a point which is very important
正如當日我們曾處理的雷曼兄弟事件，究竟個別的存戶，即普通市民在法例生效前後有何保障？
As in the case of the Lehman Brothers incident handled by us before what protection is afforded individual depositors or ordinary citizens before and after the enactment of the legislation?
這是最重要的，大家還記得我們的慘痛經驗，雷曼兄弟事件的苦主在立法會的議事廳......
This is most important . Members should still recall our tragic experience and when the victims of the Lehman Brothers incident came to the Legislative Council
所以，主席，由2014年至今，這些標準基本上沒有太大改變，甚至是《條例草案》訂明資產不得超過25%，以及向其僱員提供指明的融通總額不得超過僱員1年薪金等規定，也是屬於主要元素。即是說，主要元素已經確立《條例草案》最重要的部分。
In this connection President since 2014 these standards basically have seen no significant changes and even the capital threshold of not more than 25 % and the rule against providing any specified facility to an aggregate amount in excess of the employees salary for one year as contained in the Bill are among the Key Attributes which means that the Key Attributes constitute a major part of the Bill