Borrison/hk-legicost huggingface dataset:
主席，由於社會上的確累積了非常大的需求，不論是容許提前7日、21日、30日，甚至60日預訂，都可能在很短時間內預約立即"爆滿"。
President as it is true that the cumulative demand in the community is huge whether you allow 7 days 21 days 30 days or even 60 days in advance for reservation the places can still be fully reserved immediately after reservation is open
因為申請人還要做很多工作：包括訂機票、安排車船到首都，還要去兩個政府部門領取相關的證件等工作。
This is because the relevant parties still have a lot of work to do including reserving air tickets arranging transport to the capital and picking up the relevant documents from two government offices
所以，在平衡這些考慮後，我們認為剛剛在昨天公布，每星期開放預約一次，提供一個星期的名額的處理方法，讓我們可以快速完成有關申請的程序，從而令他們可以作出相關的安排。
Therefore after balancing all these considerations we consider that the method announced yesterday by opening the quota for one week at a time will allow us to complete the application process expeditiously thus enabling them to make the relevant arrangements
這不是有效運用資源的方法。
This is not the efficient use of resources
因此，我們會一直檢視這情況。
For this reason we will keep this situation under review
主席，剛才局長說擔心因為疫情影響到"熔斷機制"，導致航空公司要停飛。
President just now the Secretary said that he was worried that the flight suspension mechanism triggered by the epidemic would result in the suspension of flights by airlines
我相信大家不會要求政府用包機吧？
I dont think Members would ask the Government to charter a plane right?
因為這亦不是一種很恰當的處理方法。
It is not an appropriate way of handling the matter
因為"熔斷機制"的原理及原則，就是希望減低外防輸入的壓力，既然"熔斷"了，我們為何還要設法令她們繼續飛過來呢？
It is because the rationale and principle behind the flight suspension mechanism is to reduce the pressure on our efforts to prevent the importation of cases so why should we attempt to keep them flying here if they have been suspended?
這是違反了外防輸入的基本原則，所以我們暫時沒有考慮這些方法。
This is against the basic principle of preventing the importation of cases so we have not considered these methods for the time being
主席，當然，局長提到嚴防輸入，對於防範疫情很重要。
President of course the Secretary mentioned that strictly preventing the importation of cases was of utmost importance to the prevention of the epidemic
此外便是市民，他們在需要外傭方面所遇到的壓力也很重要。
Another important aspect is those members of the public who are under the pressure of their need for FDHs
當作考慮時，我相信政府......剛才局長在主體答覆中提到各方面的措施，有些措施是延長現有外傭的合同，另外局長提到有序，即是讓外傭通過檢疫後來香港提供服務。
When considering this I believe the Government the Secretary has just mentioned in his main reply about the measures in various aspects Some of the measures were related to the extension of contracts of existing FDHs and the Secretary also mentioned the orderly manner in which FDHs were allowed to come to Hong Kong to provide services after completing the quarantine process
大家看到坊間有很多中介組織，可能是引述一些數字然後作出一個所謂估算而已。
We can see that there are many intermediaries in the community which may simply quote some figures and then make a so - called projection
他根本沒有答覆，只說知道有怨氣，局長是要解決民間的怨氣，而非製造怨氣。
He did not give a reply at all . He only said that he knew that there were grievances but what the Secretary should do is to address the grievances of the people instead of creating grievances
主席，居者有其屋計劃單位的轉讓限制期屆滿後，有關業主在向香港房屋委員會繳付補價後可在公開市場出售其單位，亦可在未繳付補價下在居屋第二市場出售其單位。
President upon the expiry of the alienation restriction period of Home Ownership Scheme HOS flats the owners concerned may sell their flats in the open market after paying a premium to the Hong Kong Housing Authority HA and they may also sell their flats in the HOS Secondary Market without paying a premium
另一方面，一項於去年底公布的研究結果顯示，二手居屋單位的成交價在此前7年內上升超過一倍，升幅超過私人住宅市場同期的升幅。
On the other hand the findings of a study released at the end of last year show that the transaction prices of second - hand HOS flats have risen by more than one - fold over the preceding seven years representing a rate of increase higher than that in the private residential market during the same period
此外，居屋第二市場成交價破紀錄的個案近月屢見不鮮。
In addition cases of record - breaking transaction prices in the HOS Secondary Market have frequently occurred in recent months
主席，香港房屋委員會自1978年開始推出居者有其屋計劃，以滿足中低收入家庭的置業需要。
President the Hong Kong Housing Authority HA introduced the Home Ownership Scheme HOS in 1978 to meet the home ownership needs of low - to middle - income families
為促進資助出售單位的流轉和豐富房屋階梯，房委會於1997年推出居屋第二市場計劃，讓資助出售單位的業主可以在未補價的情況下，將單位出售予綠表人士。
To facilitate the circulation of subsidized sale flats SSFs and enrich the housing ladder HA introduced the HOS Secondary Market Scheme in 1997 which enables SSF owners to sell their flats to Green Formers with premium unpaid
為進一步回應中低收入家庭的置業訴求，房委會其後推出白表居屋第二市場計劃，將第二市場的合資格買家擴展至白表人士，並於2017年將白居二恆常化。
To further address the home ownership aspirations of low - to middle - income families HA subsequently launched the White Form Secondary Market Scheme WSM to expand the scope of eligible buyers of the Secondary Market to include White Formers and regularized WSM in 2017
為防止業主透過短期炒賣資助出售單位圖利，房委會在1978年推出居屋時，同時訂立轉讓限制，並確立考慮轉讓限制年期的關鍵原則：一方面要防止投機行為，另一方面要避免過分削弱單位的吸引力，減低申請者的購買意欲。
In order to prevent SSF owners from speculating on SSFs to make gains in the short term HA also imposed alienation restrictions of HOS upon its introduction in 1978 and established the key principles for considering the duration of the restriction period prevent speculative activities on the one hand and avoid unduly undermining the attractiveness of the flats and lowering the applicants desire to purchase on the other hand
自1978年推出居屋以來，房委會一直根據上述原則，不時檢討並適時調整相關的轉讓限制。
Since the introduction of HOS in 1978 HA has been reviewing and revising the relevant alienation restrictions as appropriate from time to time in accordance with the aforementioned principles
就郭偉强議員的質詢，我現綜合答覆如下： 一 房委會居屋業主如欲在未補價的情況下，於第二市場轉售單位，須先向房委會申請可供出售證明書。
My consolidated reply to the question raised by Mr KWOK Wai - keung is as follows 1 Owners of HAs HOS flats who wish to resell their flats with premium unpaid in the Secondary Market must first apply for a Certificate of Availability for Sale CAS from HA
獲發可供出售證明書的居屋業主不一定會把有關單位出售。
HOS flat owners who have been issued with CAS may not necessarily put up their flats for sale
詳細資料請在座議員參閱附件。
Members please refer to the Annex for details
二及三 房委會一直密切留意物業市場的情況，不時檢討並適時調整資助出售單位的轉讓限制。
2 and 3 HA has been monitoring the property market closely reviewing from time to time and revising as appropriate the alienation restrictions of SSFs
由2019年起推出的資助出售單位，業主必須 在首次轉讓日期起計10年後，才可補價於公開市場轉售；至於無需補價的第二市場，業主可以於首次轉讓日期起計首兩年內以不高於原價，或在首次轉讓日期起計第三年起，按其自行議定的價格，轉售單位予房委會訂明的買家。
For SSFs launched in 2019 and beyond owners are only allowed to resell their flats in the open market upon payment of premium 10 years after first assignment; and for the Secondary Market where payment of the premium is not necessary owners may resell their flats to buyers specified by HA at not more than the original price within the first two years since first assignment or at a freely negotiated price from the third year onward since first assignment
房委會在修訂轉讓限制時，已經平衡了社會對收緊轉讓限制的訴求，以及讓資助出售單位能在市場上流轉的需要。
When HA revised the alienation restrictions it had already balanced the calls from the public for tightening the alienation restrictions and the need to enable circulation of SSFs in the market especially in the Secondary Market
就公開市場而言，按上述房委會的現行轉讓限制，業主在首次轉讓日期起計的第十一年起，才可補價在公開市場出售單位，這足以防止業主透過在公開市場短期炒賣單位圖利。
For the open market according to the prevailing alienation restrictions as mentioned above owners can only resell their flats in the open market upon payment of premium from the eleventh year onward since first assignment which is sufficient to prevent owners from making monetary gains through short - term speculative activities in the open market
若進一步規定業主不得在公開市場出售單位，將資助房屋市場和私人住宅市場完全分割，會對單位的供應造成很大的影響。
If we impose further restrictions to prohibit sale in the open market and segregate the markets of SSFs and private residential flats completely the supply of SSFs will be adversely affected
再者，資助出售單位按評定市值減去折扣後出售，業主須繳付補價以解除轉讓限制的安排已沿用多年，廣為社會接受。
Furthermore that SSFs are sold at a discount of the assessed market value and owners are required to pay premium to lift the alienation restrictions is a well - established arrangement which is widely accepted by society
若禁止業主在公開市場出售單位，是重大的政策改變，需要更多的討論和諮詢，現時社會上對有關建議並無一致的看法。
It would be a major policy change if owners are barred from reselling their flats in the open market for which further discussion and consultation would be necessary . There is currently no public consensus on the relevant suggestion
第二市場方面，在過去5年，居屋第二市場轉售交易共約8,000宗，當中屬於單位首次轉讓日期起計首兩年內及第三至五年內的交易，分別為0宗和133宗，只佔整體成交的1.6%。
As for the Secondary Market there were a total of around 8 000 transactions in the Secondary Market in the past five years of which 0 and 133 transactions were made respectively in the first two years from first assignment and between the third to the fifth year from first assignment of the flat accounting for only 1.6 % of total transactions
由此可見，資助出售單位業主在購入單位後5年內轉讓單位的情況並不普遍。
Thus it is not common for SSF owners to sell their flats within the first five years of purchase
因此，把業主於第二市場只能以不高於原價出售其單位的期限，由兩年延長至5年，對轉售交易宗數的影響作用不大。
Hence extending the restriction period of reselling at not more than the original price in the Secondary Market from two years to five years will not have much effect on the number of transactions
反之，進一步收緊限制無可避免會減少未補價資助出售單位在第二市場的供應，繼而推高在第二市場出售的單位價格，效果恐怕會適得其反，與滿足中低收入家庭置業需要的目標背道而馳。
On the contrary further tightening the restrictions will inevitably reduce the supply of SSFs with premium unpaid in the Secondary Market thereby driving up the prices in the Secondary Market . This will counteract the intention of curbing price increase which goes against the objective of addressing the home ownership aspirations of low - to middle - income families
主席，國家領導人曾說，房屋是用來居住的，不是用來炒賣的，但眼見"炒風"已進入資助房屋市場，特區政府竟然無動於衷，它是否當作"耳邊風"呢？
President our country leaders have said that housing is used for living and not for speculation . But now that speculative activities have entered the subsidized housing market and the SAR Government has done nothing I wonder if the Government is turning a deaf ear to their words
主體答覆的附表顯示，在第三至五年內轉讓居屋單位的有240宗，其實當中有210宗是在2020年及2021年發生的，較以往3年上升近10倍。
According to the Annex to the main reply 240 HOS flats were resold between the third to the fifth year from first assignment of which 210 transactions occurred in 2020 and 2021 representing a nearly 10 - fold increase over the preceding three years
社會現在的情況是，有人抽中資助房屋，然後在第三至五年內以二手價賣出單位，就像我手上這個例子，這是"綠置居"的高折扣單位，也是資助房屋，有着同樣的轉讓限制，戶主以288萬元買入，持貨僅僅4年，其後以572萬元賣出，最後淨賺280萬元，只是4年，便淨賺280萬元。
The present situation is that people who have successfully acquired subsidized housing resell their flat at a second - hand price within the third to the fifth year from first assignment . Here is an example of an SSF acquired at a large discounted price under the Green Form Subsidised Home Ownership Scheme which is subject to the same alienation restrictions . The owner purchased the SSF at 2.88 million and held the flat for only four years and then resold it at 5.72 million making a net profit of 2.8 million
主席，我的問題很簡單，政府如果不採納我們的建議分割房屋市場，將私人住宅市場和資助房屋市場分割，杜絕"炒風"進入資助房屋市場，究竟政府還有何方法令資助房屋回歸"房屋是給人居住而不是用來炒賣"的初心，而且不會影響《長遠房屋策略》的70:30比例呢？
President my question is very simple . If the Government will not adopt our proposal to segregate the housing market that is separating the private residential market from the subsidized housing market so as to stop speculative activities entering the subsidized housing market what other means does the Government have to enable subsidized housing to serve its original purpose of providing homes for living and not speculation and that these means will not affect the 70col30 publicprivate split of new housing supply under the Long Term Housing Strategy?
房住不炒，我相信是大家期盼的願景，但解決住房問題，當然要從多方面入手，而最根本的，就是要增加房屋供應。
Housing is for living and not speculation . I believe this is the vision we all aspire to . However in order to solve the housing problems we have to adopt a multi - pronged approach and the crux of the solution lies in increasing the housing supply
如果大家再看看我們所說的70%公營房屋，其中70%是出租公屋，而另外30%是資助出售單位。
Furthermore of this 70 % public housing 70 % are public rental housing flats and 30 % are SSFs
我們回看2017年到今天，推出市場的資助出售單位已經超過26,000多個，反映政府照顧基層住屋的安全網，即除了出租公屋以外，也着力增加資助出售單位。
Since 2017 the number of SSFs offered by the Government for sale has reached over 26 000 units reflecting that apart from public rental housing the Government has made an all - out effort to increase the number of SSFs as part of the safety net to take care of the housing needs of low - income families
我們是理解的，所以在去年的《長遠房屋策略》中公布我們已找到330公頃土地，足以興建316,000個公營房屋單位，其中七成是出租公屋，三成是資助出售單位。
We understand their housing needs . And thus we announced last year in the Long Term Housing Strategy that we had identified 330 hectares of land enough for building 316 000 public housing flats of which 70 % will be public rental housing flats and 30 % will be SSFs
我們認為，在不同的社會階梯，不同的家庭在不同時間，他們的住屋、財政，以至家庭狀況都會有所轉變，所以他們在某段時間出售單位，並不代表一定屬於炒賣圖利。
We hold that different families at different social strata will have changing housing needs different financial and family situations at different times . So reselling their flats at a certain time does not necessarily mean that it is an act of property speculation for profit
當然，我同意郭議員所說的，我們不排除有部分或小部分轉讓屬於圖利行為，但我們的數據顯示，絕大部分購買資助出售單位的家庭都是作自住用途。
Of course I agree with Mr KWOK that we do not rule out the possibility that some or a small number of the alienation are for profit but our data show that the vast majority of the families buying SSFs did so for self - occupation
主席，主體答覆指出，業主在購入單位5年內轉讓單位的情況並不普遍，但正如郭偉强議員剛才所說，從附件可清楚看到，2020年較2019年的數字增加10倍，單是2021年首半年，已經等於2020年全年的數字，即是說，今年的數字隨時可能是2020年的雙倍。
President as pointed out in the main reply it is not common for SSF owners to resell their flats within the first five years of purchase . But as Mr KWOK Wai - keung pointed out just now and as can been clearly seen from the Annex the number in 2020 is 10 times higher than the number in 2019; and the number in the first half of 2021 alone is already comparable to that in 2020 meaning that the number this year may double that of 2020
即是說，這種炒賣行為是否逐漸變得普遍，政府因而要留意這個趨勢，然後設法解決呢？
In other words are speculative activities becoming common so much so that the Government should pay attention to this trend and strive to tackle it?
如果看回附件，我們可以看到每年發出的可供出售證明書數目，以至在首兩年內和第三至五年內的情況。
We can refer to the Annex for the number of CAS we issued each year as well as the CAS issued to flats within the first two years and between the third to the fifth year from first assignment
但是，我們要明白，香港有一段時間，例如2019年、2020年，甚或2021年，坦白說，大家都明白，2019年發生"黑暴"事件，其後也出現對移民態度的轉變，所以這些數字是否反映社會的現況呢？
However we have to understand that there has been a period of time such as in 2019 2020 or even in 2021 frankly we all know about the black - clad violence that plagued Hong Kong in 2019 and then people had a change in attitude towards emigration . So do these figures somehow reflect the current condition of society? . I dare not jump to any conclusion
我不敢說，但單憑這些數字判斷，是出現了上升趨勢，數字的確是上升了，但背後的原因是甚麼呢？
However based on these figures there is indeed a rising trend . The figures did increase . But what could be the reasons behind?
不過，我相信有關的資助出售單位業主，在出售一生人只可以購買一次的資助出售單位的過程中，一定已作充分考慮，我只可以回應到這個地步。
But I believe the SSF owners concerned must have made due consideration when they resold their SSFs which they were only entitled to purchase once in their lifetime . I can only respond up to this point
第二，局長真的是太極和划艇的高手，一撐已把我們撐出大西洋。
Second the Secretary is truly a Tai Chi master and rowing expert . He has taken us so far beyond the subject
其實問題很清楚，便是如何令資助出售房屋不會成為炒賣的工具？
The question is actually very clear and that is how to prevent SSFs from becoming a tool for speculation
主席，多謝麥議員的補充質詢。
President I thank Ms MAK for her supplementary question
基本上，我們每年都有推出資助出售單位，我們推出資助出售單位的過程中，會盡量就着市場的物業價格、當年出售單位的數量，以至出售單位的定價折扣作出檢討。
Basically we offer SSFs for sale every year and in the process we strive to review as far as possible the market property prices the number of flats offered for sale in that year and the discount rate of the SSFs
同時，我們亦會簡約地回顧，有否一些特殊情況需要我們作調整。
Besides we will also briefly review whether there is any special situation that requires adjustments
當然，正如我剛才所說，亦等於麥議員剛才所提出的，就是政策檢討。
Certainly as I just said and as Ms MAK also said just now this is about policy review
就政策檢討，我們不時會看回售價和轉讓的情況。
In this connection we review the market price and the alienation situation from time to time
在我們過往的觀察中，我們看不到有所謂短期炒賣圖利的情況。
In our past observation we did not find any short - term speculative activities for profit
資助出售單位的轉讓，絕大部分個案都超過10年或以上。
The vast majority of the SSFs were resold more than 10 years after first assignment
所以基本上，購買資助出售單位的家庭，一般是社會基層，以至有置業訴求的中低收入家庭。
So basically SSFs are generally meant for grass roots and low - to middle - income families with home ownership aspirations
第二，他們擁有物業的年期也相對較長。
Secondly they hold their properties for a relatively long time
那麼，就剛才所說的情況，我們的看法是這只是少數情況，不足以影響我們當年推出資助出售單位的基本信念，就是第一，讓中低收入家庭有置業的機會；第二，不影響資助出售單位在市場上流轉的機會。
So regarding the situation just mentioned our view is that it only represents the minority cases and does not affect our fundamental belief behind the introduction of SSFs which is first of all to give low - to middle - income families the opportunity to buy their own home; and second not to affect the opportunities for the circulation of SSFs in the market
因為很多中低收入家庭很希望在第二市場購買居住單位。
It is because many low - to middle - income families wish to purchase flats for occupation from the Secondary Market
當然，也歡迎大家給予我們意見，我們一定會繼續聽取社會的意見，在有需要時作出檢討及適當的措施。
And certainly we welcome Members to provide us with their views . We will continue to listen to the views in society and conduct reviews and implement appropriate measures when necessary
看來局長不單是太極高手及划艇高手，他的理解能力也有問題。
Apparently the Secretary is not only a Tai Chi master and rowing expert he is also incapable of understanding the question
主席，我們所說的是新的居屋單位，不是舊的單位，所以這些政策改變並不會影響舊業主的權益。
President we are referring to the new HOS flats and not the old ones . So any changes in the policy will not affect the rights and interests of the old HOS flat owners
局長說若要禁止業主在公開市場出售單位，是重大的政策轉變。
The Secretary says that it will be a major policy change to prohibit these flat owners to resell their flats at the open market
但是，這個世界就是要變，面對香港很多問題，就是要有變革的決心，他作為局長卻不敢變，那麼當局長有何用？
But the world precisely needs change . In the face of so many problems in Hong Kong it is necessary to have the determination to change . As the Secretary however he does not have the courage for change
局長，主席，我們的居屋現時夾雜了自住性質和投資性質，即兩種需求夾雜在一起，所以抽籤的人多，中籤的人少。
Secretary President HOS flats serve the mixed purposes of self - occupation and investment meaning that the two are mixed together . That is why there are so many people at the ballot drawing but very few of them will win the ballots
如果他將來因為要大量增加居屋供應，而擔心會推倒私人物業市場的話，最好的辦法其實是將兩個市場分隔，有投資性質的就去私人市場，如果純粹自住的便到居屋的市場，就是如此清楚。
If he is concerned that the private residential market will be brought down by a huge supply of HOS flats the best approach is to segregate the two markets . People who wish to make property investment can go to the private residential market and those who wish to acquire property for self - occupation can go to the HOS market
我不明白局長連如此簡單的東西也要推推搪搪，難怪香港的房屋政策解決不了。
It is as simple as that . I do not understand why the Secretary has to dodge such a simple matter no wonder Hong Kongs housing policy cannot solve the housing problem
主席，多謝陸議員的意見。
President I thank Mr LUK for his view
在市場分隔方面，如果大家有留意的話，我們就資助出售單位作出定價時已有很清楚的分隔。
If Members have noticed in connection with market segregation we already have a clear segregation when we set the prices of SSFs
第一，我們把資助出售單位的定價與私人物業市場脫鈎，參考非業主家庭入息中位數作出定價，按中低收入家庭的負擔能力來定出居屋，以至"綠置居"的單位價格，這就是市場分隔，我們已考慮到中低收入家庭的需要和負擔能力。
First we delink the prices of SSFs with the market prices of private flats by referencing to the median monthly household income of non - owner occupier households in pricing SSFs and by considering the affordability of low - to middle - income families in pricing HOS flats and Green Form Subsidised Home Ownership Scheme flats . This is market segregation . We have already taken into account the need and affordability of low - to middle - income families
我剛才談到轉讓時，已指出絕大部分資助出售單位的轉讓均是持有單位10年或以上。
Just now in connection with SSF alienation I pointed out that the vast majority of the SSFs were resold more than 10 years after first assignment
如果說10年以下的，郭議員提出的意見是，將以原價來轉讓的期限，由兩年提升到5年，這就是我們今天所討論的，至於回應方面，我剛才已作出詳細的回應。
For SSFs which were resold at less than 10 years of ownership according to Mr KWOKs view the restriction period for reselling the flats at their original prices should be extended from two years to five years after first assignment . This is the subject of the discussion today and I have already made detailed response just now to this point
今年6月，證監會與聯交所就改革上市架構，推出了一份聯合諮詢文件，一石激起千重浪，引起市場很大的反響。
In June this year the Securities and Futures Commission SFC and The Stock Exchange of Hong Kong Limited SEHK issued a joint consultation paper on reforming the listing structure thus triggering huge reverberations in the market
因為不少業界都擔心諮詢文件的建議一旦落實，證監會將全權掌控所有上市公司申請的生殺大權，以監管思維作為審核準則，窒礙市場集資功能。
Many in the industry are worried that if the recommendations in the consultation paper are implemented SFC will have total say in vetting and approving all listing applications and its approval criteria will be based on a regulators mindset thus thwarting the capital - raising function of the market
我亦留意到整份諮詢文件，大部分只集中於討論上市審批權如何分配，並無着墨於如何打擊市場出現的各種不良現象，從而訂出全面的上市政策改革，也沒有談及如何推動香港證券市場持續發展，吸引新經濟企業來港上市等議題。
I also note that the bulk of the entire consultation paper focuses solely on how the power to vet and approve listing applications is to be shared instead of how to combat the various market malpractices by formulating a comprehensive reform of the listing policy . Nor does it touch on issues such as promoting the sustainable development of the local stock market with a view to attracting enterprises of the new economy to go public in Hong Kong
故此，我今次提出這項制訂全面上市政策的議案，希望大家不要只着眼證監會與港交所的權力爭奪，應要放眼整體市場未來的持續發展，以及長遠考慮。
Therefore I now propose this motion on formulating a comprehensive listing policy hoping that rather than focusing solely on the power struggle between SFC and SEHK people can also pay attention to the sustainable development of the whole market in the future and other long - term considerations
首先，我想指出，這份諮詢文件說得難聽一點就是有少許誤導。
First of all I want to point out that to put it bluntly this consultation paper is somewhat misleading
因為名義上是證監會與港交所兩個監管機構的聯合諮詢，理應在職責和工作範圍上已有內部共識。
Its name says that it is a joint consultation conducted by SFC and SEHK so there is supposed to be a consensus on their respective responsibilities and scopes of work
但是，事實上並非如此，內部矛盾重重，並在諮詢過程中暴露無遺。
But this is not the case in reality; there are many internal conflicts and these conflicts were exposed clearly during the consultation process
不單證監會和港交所就上市批核權暗中角力鬥法，更有交易所董事公然召開記者招待會"唱對台"；又有人計劃遊行，要全盤推倒諮詢文件。
There was a secret tug - of - war between SFC and SEHK on the power to vet and approve listing applications and not only this some directors of SEHK even held a press conference to openly express a different stance . Moreover some people also plan to stage a march in a bid to totally gainsaying the consultation paper
由此可見，所謂"聯合諮詢"這幾個字是假的，你爭我奪才是真的。
It can be seen that the so - called joint consultation is a misnomer and the reality is that the two are fighting each other
所以，證監會和港交所兩個機構本身的角色一直存在一定矛盾，在無法擺平之餘，借聯合諮詢這個偽命題，把其內部矛盾轉化為業界的對立。
The respective roles of SFC and SEHK have been in conflict all along . Unable to resolve the conflict they have sought to turn it into a kind of confrontation in the industry using the misnomer of joint consultation
這是極不負責任的做法。
This is a very irresponsible approach indeed
說回股票市場的發展，無可否認，自1980年代戴維森報告書面世以來，本港的股票市場在多方面均取得良好的進展，更多年雄踞全球IPO集資總額的三甲之列，值得我們引以為榮。
Back to stock market development it cannot be denied that the stock market of Hong Kong has made good progress on various fronts since the publication of the Davison Report in the 1980s and for years it has been one of the top three places around the world in the total volume of equity funds raised through initial public offerings IPOs . This is something we really take pride in
自九七回歸後，國企紛紛來港上市，金融市場迅速發展，建立起國際金融中心的地位，但同時亦製造出貧富懸殊的現象。
Since the reunification in 1997 state - owned enterprises have been coming to Hong Kong to go public thus leading to the rapid development of our financial markets and in turn helping us to establish our status as an international financial centre