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立法會 2011 6 22 LEGISLATIVE COUNCIL 22 June 2011 1 會議過程正式紀錄 OFFICIAL RECORD OF PROCEEDINGS 2011 6 22 日星期三 Wednesday, 22 June 2011 上午 11 時正會議開始 The Council met at Eleven o'clock 出席議員: MEMBERS PRESENT: 主席曾鈺成議員, G.B.S., J.P. THE PRESIDENT THE HONOURABLE JASPER TSANG YOK-SING, G.B.S., J.P. 何俊仁議員 THE HONOURABLE ALBERT HO CHUN-YAN 何鍾泰議員, S.B.S., S.B.ST.J., J.P. IR DR THE HONOURABLE RAYMOND HO CHUNG-TAI, S.B.S., S.B.ST.J., J.P. 李卓人議員 THE HONOURABLE LEE CHEUK-YAN 李國寶議員,大紫荊勳賢, G.B.S., J.P. DR THE HONOURABLE DAVID LI KWOK-PO, G.B.M., G.B.S., J.P. 李華明議員, S.B.S., J.P. THE HONOURABLE FRED LI WAH-MING, S.B.S., J.P. 吳靄儀議員 DR THE HONOURABLE MARGARET NG

OFFICIAL RECORD OF PROCEEDINGSsc.legco.gov.hk/sc/«‹法會 2011年6月22日 LEGISLATIVE COUNCIL 22 June 2011 2 涂謹申議員 THE HONOURABLE JAMES TO KUN-SUN 張文光議員 THE

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  • 2011 6 22 LEGISLATIVE COUNCIL 22 June 2011

    1

    OFFICIAL RECORD OF PROCEEDINGS

    2011 622

    Wednesday, 22 June 2011

    11

    The Council met at Eleven o'clock MEMBERS PRESENT: G.B.S., J.P. THE PRESIDENT THE HONOURABLE JASPER TSANG YOK-SING, G.B.S., J.P. THE HONOURABLE ALBERT HO CHUN-YAN S.B.S., S.B.ST.J., J.P. IR DR THE HONOURABLE RAYMOND HO CHUNG-TAI, S.B.S., S.B.ST.J., J.P. THE HONOURABLE LEE CHEUK-YAN G.B.S., J.P. DR THE HONOURABLE DAVID LI KWOK-PO, G.B.M., G.B.S., J.P. S.B.S., J.P. THE HONOURABLE FRED LI WAH-MING, S.B.S., J.P. DR THE HONOURABLE MARGARET NG

  • 2011 6 22 LEGISLATIVE COUNCIL 22 June 2011

    2

    THE HONOURABLE JAMES TO KUN-SUN THE HONOURABLE CHEUNG MAN-KWONG S.B.S., J.P. THE HONOURABLE CHAN KAM-LAM, S.B.S., J.P. G.B.S., J.P. THE HONOURABLE MRS SOPHIE LEUNG LAU YAU-FUN, G.B.S., J.P. THE HONOURABLE LEUNG YIU-CHUNG G.B.S. DR THE HONOURABLE PHILIP WONG YU-HONG, G.B.S. S.B.S., J.P. THE HONOURABLE WONG YUNG-KAN, S.B.S., J.P. J.P. THE HONOURABLE LAU KONG-WAH, J.P. G.B.S., J.P. THE HONOURABLE LAU WONG-FAT, G.B.M., G.B.S., J.P. G.B.S., J.P. THE HONOURABLE MIRIAM LAU KIN-YEE, G.B.S., J.P. J.P. THE HONOURABLE EMILY LAU WAI-HING, J.P. THE HONOURABLE ANDREW CHENG KAR-FOO G.B.S., J.P. THE HONOURABLE TAM YIU-CHUNG, G.B.S., J.P.

  • 2011 6 22 LEGISLATIVE COUNCIL 22 June 2011

    3

    S.B.S., J.P. THE HONOURABLE ABRAHAM SHEK LAI-HIM, S.B.S., J.P. S.B.S., J.P. THE HONOURABLE LI FUNG-YING, S.B.S., J.P. S.B.S., J.P. THE HONOURABLE TOMMY CHEUNG YU-YAN, S.B.S., J.P. S.B.S., J.P. THE HONOURABLE FREDERICK FUNG KIN-KEE, S.B.S., J.P. S.C., J.P. THE HONOURABLE AUDREY EU YUET-MEE, S.C., J.P. S.B.S., J.P. THE HONOURABLE VINCENT FANG KANG, S.B.S., J.P. M.H. THE HONOURABLE WONG KWOK-HING, M.H. THE HONOURABLE LEE WING-TAT S.B.S., J.P. DR THE HONOURABLE JOSEPH LEE KOK-LONG, S.B.S., J.P. S.B.S., J.P. THE HONOURABLE JEFFREY LAM KIN-FUNG, S.B.S., J.P. G.B.S., J.P. THE HONOURABLE ANDREW LEUNG KWAN-YUEN, G.B.S., J.P. G.B.S., J.P. THE HONOURABLE CHEUNG HOK-MING, G.B.S., J.P. B.B.S., J.P. THE HONOURABLE WONG TING-KWONG, B.B.S., J.P.

  • 2011 6 22 LEGISLATIVE COUNCIL 22 June 2011

    4

    S.C. THE HONOURABLE RONNY TONG KA-WAH, S.C. THE HONOURABLE CHIM PUI-CHUNG S.B.S., J.P. PROF THE HONOURABLE PATRICK LAU SAU-SHING, S.B.S., J.P. M.H. THE HONOURABLE KAM NAI-WAI, M.H. THE HONOURABLE CYD HO SAU-LAN J.P. THE HONOURABLE STARRY LEE WAI-KING, J.P. B.B.S., J.P. DR THE HONOURABLE LAM TAI-FAI, B.B.S., J.P. THE HONOURABLE CHAN HAK-KAN M.H., J.P. THE HONOURABLE PAUL CHAN MO-PO, M.H., J.P. J.P. THE HONOURABLE CHAN KIN-POR, J.P. DR THE HONOURABLE PRISCILLA LEUNG MEI-FUN DR THE HONOURABLE LEUNG KA-LAU THE HONOURABLE CHEUNG KWOK-CHE

  • 2011 6 22 LEGISLATIVE COUNCIL 22 June 2011

    5

    THE HONOURABLE WONG SING-CHI B.B.S. THE HONOURABLE WONG KWOK-KIN, B.B.S. M.H. THE HONOURABLE IP WAI-MING, M.H. G.B.S., J.P. THE HONOURABLE IP KWOK-HIM, G.B.S., J.P. G.B.S., J.P. THE HONOURABLE MRS REGINA IP LAU SUK-YEE, G.B.S., J.P. DR THE HONOURABLE PAN PEY-CHYOU THE HONOURABLE PAUL TSE WAI-CHUN J.P. DR THE HONOURABLE SAMSON TAM WAI-HO, J.P. S.C. THE HONOURABLE ALAN LEONG KAH-KIT, S.C. THE HONOURABLE LEUNG KWOK-HUNG THE HONOURABLE TANYA CHAN THE HONOURABLE ALBERT CHAN WAI-YIP THE HONOURABLE WONG YUK-MAN

  • 2011 6 22 LEGISLATIVE COUNCIL 22 June 2011

    6

    MEMBER ABSENT: G.B.S., J.P. THE HONOURABLE TIMOTHY FOK TSUN-TING, G.B.S., J.P. PUBLIC OFFICERS ATTENDING: G.B.S., J.P. THE HONOURABLE HENRY TANG YING-YEN, G.B.M., G.B.S., J.P. THE CHIEF SECRETARY FOR ADMINISTRATION J.P. THE HONOURABLE JOHN TSANG CHUN-WAH, G.B.M., J.P. THE FINANCIAL SECRETARY

    S.C., J.P. THE HONOURABLE WONG YAN-LUNG, S.C., J.P. THE SECRETARY FOR JUSTICE

    G.B.S., J.P. THE HONOURABLE MICHAEL SUEN MING-YEUNG, G.B.S., J.P. SECRETARY FOR EDUCATION G.B.S., I.D.S.M., J.P. THE HONOURABLE AMBROSE LEE SIU-KWONG, G.B.S., I.D.S.M., J.P. SECRETARY FOR SECURITY

    G.B.S., J.P. THE HONOURABLE DENISE YUE CHUNG-YEE, G.B.S., J.P. SECRETARY FOR THE CIVIL SERVICE G.B.S., J.P. THE HONOURABLE TSANG TAK-SING, G.B.S., J.P. SECRETARY FOR HOME AFFAIRS

  • 2011 6 22 LEGISLATIVE COUNCIL 22 June 2011

    7

    G.B.S., J.P. THE HONOURABLE MATTHEW CHEUNG KIN-CHUNG, G.B.S., J.P. SECRETARY FOR LABOUR AND WELFARE

    S.B.S., J.P. PROF THE HONOURABLE K C CHAN, S.B.S., J.P. SECRETARY FOR FINANCIAL SERVICES AND THE TREASURY

    G.B.S., J.P. THE HONOURABLE MRS CARRIE LAM CHENG YUET-NGOR, G.B.S., J.P. SECRETARY FOR DEVELOPMENT

    J.P. THE HONOURABLE EVA CHENG, J.P. SECRETARY FOR TRANSPORT AND HOUSING

    CLERKS IN ATTENDANCE: MS PAULINE NG MAN-WAH, SECRETARY GENERAL MISS ODELIA LEUNG HING-YEE, ASSISTANT SECRETARY GENERAL MRS JUSTINA LAM CHENG BO-LING, ASSISTANT SECRETARY GENERAL MRS PERCY MA, ASSISTANT SECRETARY GENERAL

  • 2011 6 22 LEGISLATIVE COUNCIL 22 June 2011

    8

    TABLING OF PAPERS 21(2) The following papers were laid on the table under Rule 21(2) of the Rules of Procedure:

    2011 ........................ 105/2011 2011 ( ) ...................... 106/2011

    Subsidiary Legislation/Instruments L.N. No.

    Declaration of Increase in Pensions Notice 2011 .............. 105/2011 Widows and Orphans Pension (Increase) Notice 2011...... 106/2011

    26/10-11 2010 ( )( 2 )

    Other Papers

    Report of the Committee on Members' Interests on its consideration of a complaint against Ir Dr Hon Raymond HO, Hon Jeffrey LAM and Hon Abraham SHEK

  • 2011 6 22 LEGISLATIVE COUNCIL 22 June 2011

    9

    Report No. 26/10-11 of the House Committee on Consideration of Subsidiary Legislation and Other Instruments Report of the Bills Committee on Legislation Publication Bill Report of the Bills Committee on Stamp Duty (Amendment) (No. 2) Bill 2010

    ADDRESSES

    Report of the Committee on Members' Interests on its consideration of a complaint against Ir Dr Hon Raymond HO, Hon Jeffrey LAM and Hon Abraham SHEK ( )

    2009 12 31

    2009 9 11 ( )

    ( )83A

  • 2011 6 22 LEGISLATIVE COUNCIL 22 June 2011

    10

    73(1)(c) 20

    ( )

    2010 3 26 (2009 9 11 ) ( )

    83A 73(1)(c)85 2011 7 13 ( ) ( )

    83A

    2009 9 11

  • 2011 6 22 LEGISLATIVE COUNCIL 22 June 2011

    11

    99.8% ( ) ( )2009 9 11

    85 83A

    2009 12 ( ) 83A 83A 83A

    ( 3 3.2 )

  • 2011 6 22 LEGISLATIVE COUNCIL 22 June 2011

    12

    83A

    83A

    83A 83A

    ( )

  • 2011 6 22 LEGISLATIVE COUNCIL 22 June 2011

    13

    5

    83A

    83A ( )

    83A

    83A 83A 2011 6 24 2011 713 83A83A

  • 2011 6 22 LEGISLATIVE COUNCIL 22 June 2011

    14

    24(4) QUESTIONS UNDER RULE 24(4) OF THE RULES OF PROCEDURE 24(4)

    Measures to Improve Fire Safety Problem of Flat Units Divided into Separate Units 1. ( 2011 6 15 ) 111 ( ) 4 19

    6 1

  • 2011 6 22 LEGISLATIVE COUNCIL 22 June 2011

    15

    6 1

    7

    12

    4 1

  • 2011 6 22 LEGISLATIVE COUNCIL 22 June 2011

    16

    5

    100

    4

    1823

    2008

    4

    (i)

    (ii)

  • 2011 6 22 LEGISLATIVE COUNCIL 22 June 2011

    17

    (iii)

    (iv)

    18

    2008 2008

    ......

    ......

  • 2011 6 22 LEGISLATIVE COUNCIL 22 June 2011

    18

    2008

    ......

    2010 5 20 111 113 ( ) 1957

  • 2011 6 22 LEGISLATIVE COUNCIL 22 June 2011

    19

    ......

    ......

    ......

    ......

  • 2011 6 22 LEGISLATIVE COUNCIL 22 June 2011

    20

    ......

  • 2011 6 22 LEGISLATIVE COUNCIL 22 June 2011

    21

    4 1 1 300 41 000

    2010 ( )

    1

  • 2011 6 22 LEGISLATIVE COUNCIL 22 June 2011

    22

    5

    Fire Safety Problems Caused by Flat Units Divided into Separate Units 2. 15 3

    50 () ()

    ( ) 6 1

    73

  • 2011 6 22 LEGISLATIVE COUNCIL 22 June 2011

    23

    ( )

    2010 4 4 1 000

    2011 400 8 000

  • 2011 6 22 LEGISLATIVE COUNCIL 22 June 2011

    24

    15 3 2008 1 1 2011 4 30 73

    2011 4 36 37

    73 1987 ( )

    2008 4 1

  • 2011 6 22 LEGISLATIVE COUNCIL 22 June 2011

    25

    2010 ( )

    1 10 10 1 2 3

  • 2011 6 22 LEGISLATIVE COUNCIL 22 June 2011

    26

    2011-2012

    477 601 120

    ......

    24 365 5

    24 ......

  • 2011 6 22 LEGISLATIVE COUNCIL 22 June 2011

    27

    ...... 65 ......

    ...... ......

    8

    8

    ( )

  • 2011 6 22 LEGISLATIVE COUNCIL 22 June 2011

    28

    8 ......

    2008 12011 4 73 25

    ( 95 ) 9

  • 2011 6 22 LEGISLATIVE COUNCIL 22 June 2011

    29

    95

    2010

    95 ( I)

  • 2011 6 22 LEGISLATIVE COUNCIL 22 June 2011

    30

    40B 40C

    ( ) 1 300

  • 2011 6 22 LEGISLATIVE COUNCIL 22 June 2011

    31

    1

    45

    3 73

    37 28 1 28 1

  • 2011 6 22 LEGISLATIVE COUNCIL 22 June 2011

    32

    45 J 1 4 000 50 ......

    ......

  • 2011 6 22 LEGISLATIVE COUNCIL 22 June 2011

    33

    50

    ORAL ANSWERS TO QUESTIONS Development of Renminbi Offshore Business 1. 3 ()

    ( )

    ( )

    ( )

    ( ) ( )

  • 2011 6 22 LEGISLATIVE COUNCIL 22 June 2011

    34

    3

    ( ) 2004

    1 2011 4

    4,4502010 3,692 2011

    86%

    1 600 12 3,100 4 5,100

    2009 160 2010 358 5 280

    4

    173 151

  • 2011 6 22 LEGISLATIVE COUNCIL 22 June 2011

    35

    3

    2009 85,070 60%

    ( )

    ( )

    2004

    ( )

    ( ) ( )

  • 2011 6 22 LEGISLATIVE COUNCIL 22 June 2011

    36

    20% 30% 2011 86%

    40% 16%

    16358

    (

    )

    2011 4 4,450

  • 2011 6 22 LEGISLATIVE COUNCIL 22 June 2011

    37

    ( )

    ( )

    ( ) 5 12% 2013

    ( )

    ( )

    1

  • 2011 6 22 LEGISLATIVE COUNCIL 22 June 2011

    38

    currency mismatch

    (deposit) currency mismatch currency mismatch

    denominated

  • 2011 6 22 LEGISLATIVE COUNCIL 22 June 2011

    39

    20

  • 2011 6 22 LEGISLATIVE COUNCIL 22 June 2011

    40

    ( II)

    Triffin Paradox( )

    Triffin Paradox

    23 Management of Assets Accumulated Under MPF Schemes 2. ()2010 12 () 3,654 2000 12 5.5% 51.2%1.6% 0.8% 2009 9 1

  • 2011 6 22 LEGISLATIVE COUNCIL 22 June 2011

    41

    ()

    ( ) 5 7.1%

    ( )

    ( )

    3

    ( ) 20105 4.9% 7.1%

    41 422 10 ( )

    2007 ( )

  • 2011 6 22 LEGISLATIVE COUNCIL 22 June 2011

    42

    2000 12 2011 3 5.4% 5 7.4% 4.5% 2000 ( 0.8%)

    2000

    ( ) 19

    2007

    1

    60%

    2009 7

    2010 6 1.82% 2006 4 2007 3 2.1% 3

  • 2011 6 22 LEGISLATIVE COUNCIL 22 June 2011

    43

    ( ) 2004

    ()

    ( )() 56

    3 56 2009 9 1

    ( )

    5

  • 2011 6 22 LEGISLATIVE COUNCIL 22 June 2011

    44

    2.49% 3.92% 1%

    5.4% 7.4%

    6,000

    4 2011-2012

  • 2011 6 22 LEGISLATIVE COUNCIL 22 June 2011

    45

    ( )

    (statement)

  • 2011 6 22 LEGISLATIVE COUNCIL 22 June 2011

    46

    ......

    money market fund

    23 Reduction of Coverage of Frontier Closed Area 3. 2008 2 800 400

  • 2011 6 22 LEGISLATIVE COUNCIL 22 June 2011

    47

    ( )

    ( ) (

    )

    ( )

    ( ) 20062008 1 2 800 400

    4 ( )

    (i) 2010 2011

    (ii) 2010 2012

    (iii) 2012 2015

    (iv) 2009 2011

    ( 245 ) 36(1)

  • 2011 6 22 LEGISLATIVE COUNCIL 22 June 2011

    48

    2012

    ( )

    ( )

    ( )

    2008-2009

    2009-2010 20 2010-2011 65 302010-2011

    48 9

    2011-2012 65 30

  • 2011 6 22 LEGISLATIVE COUNCIL 22 June 2011

    49

  • 2011 6 22 LEGISLATIVE COUNCIL 22 June 2011

    50

    1

    ( )

  • 2011 6 22 LEGISLATIVE COUNCIL 22 June 2011

    51

    ......

    2012

  • 2011 6 22 LEGISLATIVE COUNCIL 22 June 2011

    52

    ......

    permit

  • 2011 6 22 LEGISLATIVE COUNCIL 22 June 2011

    53

    2011

    ( ) ......

  • 2011 6 22 LEGISLATIVE COUNCIL 22 June 2011

    54

    21 Non-civil Service Contract Staff 4. 1999 ()

    16 000

    ( ) 5

    ( )

    ( )

  • 2011 6 22 LEGISLATIVE COUNCIL 22 June 2011

    55

    1999

    ( 57 ) ( ) 2006

    4 004

    3 470 530

    2006

    2006 1 100

    2010 9 30

  • 2011 6 22 LEGISLATIVE COUNCIL 22 June 2011

    56

    5 2007 82011 2

    9 774 3 075

    ( )

    ( )2006 11

  • 2011 6 22 LEGISLATIVE COUNCIL 22 June 2011

    57

    2006 3 470 2006 1 100 4 570 4 570 3 075 1 495

    10% 1 000 1 000

    60

  • 2011 6 22 LEGISLATIVE COUNCIL 22 June 2011

    58

  • 2011 6 22 LEGISLATIVE COUNCIL 22 June 2011

    59

    3 6 8

    6 8

    ( )

  • 2011 6 22 LEGISLATIVE COUNCIL 22 June 2011

    60

    ( )

    12

    24 Debundling of Textbooks and Teaching and Learning Resources for Pricing 5. 15 1

  • 2011 6 22 LEGISLATIVE COUNCIL 22 June 2011

    61

    ( )

    ( )

    ( )

    ( )

    (

    )

    ( ) 2010-2011 3 5

    5

  • 2011 6 22 LEGISLATIVE COUNCIL 22 June 2011

    62

    ( )

    ( )

    2011-2012

    8 15 30% 50%

  • 2011 6 22 LEGISLATIVE COUNCIL 22 June 2011

    63

  • 2011 6 22 LEGISLATIVE COUNCIL 22 June 2011

    64

    ( )

    4,000

  • 2011 6 22 LEGISLATIVE COUNCIL 22 June 2011

    65

    35 1,500 2,000

    5

    2,000

  • 2011 6 22 LEGISLATIVE COUNCIL 22 June 2011

    66

    22

  • 2011 6 22 LEGISLATIVE COUNCIL 22 June 2011

    67

    "Coffin-sized Units" and Sub-divided Flat Units for Lease 6. 6 3 300

    ( ) 3

    ( )

    ( )

    ( )

    ( ) 349 447

  • 2011 6 22 LEGISLATIVE COUNCIL 22 June 2011

    68

    28

    20 2 12

    10 2

    ( ) 3

    3 11 4 8 1

    ( )

    8

    ( ) ( )

  • 2011 6 22 LEGISLATIVE COUNCIL 22 June 2011

    69

    3

    ( )

    ( 123 )

    ( )

  • 2011 6 22 LEGISLATIVE COUNCIL 22 June 2011

    70

    @ @

    2009 2010 2011* 2009 2010 2011* 2009 2010 2011 2009 2010 2011*

    25 15 23 0 4 0 1 4 0 0 0 0 15 4 1 0 0 0 1 0 0 0 0 0 9 5 6 2 0 0 0 2 0 0 0 0 1 0 2 0 0 0 0 0 0 0 0 0 0 3 0 0 0 0 0 0 0 0 0 0 4 2 14 2 0 1 3 1 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 10 4 2 2 4 1 0 6 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 13 13 3 0 0 0 0 0 0 0 0 0 84 82 48 2 3 3 2 3 2 2 1 0 31 56 41 1 5 0 1 3 2 0 0 0 4 1 0 0 0 0 0 0 0 3 0 0 3 5 9 0 0 0 0 0 0 2 1 0 3 8 3 0 0 0 0 0 0 0 0 0 12 15 10 3 3 1 3 2 1 0 2 2 1 0 0 0 0 0 0 0 0 1 0 0 243 160 70 28 20 12 26 24 8 0 2 0 459 373 232 40 39 18 37 45 14 8 6 2 * 2011 ( 5 ) @

    56

  • 2011 6 22 LEGISLATIVE COUNCIL 22 June 2011

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  • 2011 6 22 LEGISLATIVE COUNCIL 22 June 2011

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  • 2011 6 22 LEGISLATIVE COUNCIL 22 June 2011

    73

    7328 28 2012 (2011-2012 ) 1 300 300 1

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  • 2011 6 22 LEGISLATIVE COUNCIL 22 June 2011

    74

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  • 2011 6 22 LEGISLATIVE COUNCIL 22 June 2011

    75

    WRITTEN ANSWERS TO QUESTIONS Use of Information Technology in Schools 7.

    ( )

    ( ) 9

    ( )

    155,000 484,000

    (i) (ii) (iii) (iv) (v) (vi)

  • 2011 6 22 LEGISLATIVE COUNCIL 22 June 2011

    76

    (vii)

    ( )

    3

    Apprenticeship Scheme 8. ( 47 )( )

    ( ) 3 () 45

    ( ) 3 18

  • 2011 6 22 LEGISLATIVE COUNCIL 22 June 2011

    77

    ( ) 3

    ( 608 )

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    2008-2009

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    1. 11 12 8 2. 1 0 0 3. 2 4 5 4. 1 1 1 5. 94 80 84 6. 17 18 15

  • 2011 6 22 LEGISLATIVE COUNCIL 22 June 2011

    78

    (1 ) ( 3 )

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    7. 0 1 2 8. 0 0 0 9. 0 0 0 10. 49 42 65 11. 6 3 5 12. 54 54 34 13. 404 398 380 14. 69 79 48 15. 32 25 34 16. ( ) 0 0 0 17. ( ) 18 15 8 18. 0 0 0 19. 0 0 0 20. 0 0 0 21. 97 118 132 22. 29 20 14 23. 0 0 0 24. 13 15 17 25. 1 0 0 26. 0 0 0 27. 17 15 15 28. ( ) 5 4 7 29. 0 0 0 30. 21 13 9 31. 3 3 0 32. 1 2 3 33. 8 9 8 34. 0 0 0 35. 0 0 0 36. 392 374 353 37. ( ) 0 0 0 38. 2 1 0 39. 1 0 0

  • 2011 6 22 LEGISLATIVE COUNCIL 22 June 2011

    79

    (1 ) ( 3 )

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    40. 49 56 52

    41. 81 85 76 42. 239 254 297 43. 18 12 11 44. 0 0 0

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    (1) 14 18

    19

    ( )

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    ( 18 )

    2008-2009

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    (18 ) 1. 0 4 0 2. 2 3 1

  • 2011 6 22 LEGISLATIVE COUNCIL 22 June 2011

    80

    2008-2009

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    25. 29 24 20 26. 91 100 115 27. 3 4 5 28. 5 12 11 29. 1 4 0 30. 6 1 2 31. 1 1 1

  • 2011 6 22 LEGISLATIVE COUNCIL 22 June 2011

    81

    2008-2009

    2009-2010

    2010-2011

    32. 0 4 0 33. 1 0 0 34. 51 63 72 35. 7 0 0 36. 115 173 220 37. 2 0 1 38. 0 1 0 39. 2 2 1 40. ( ) 1 0 1 41. ( ) 4 2 0 42. ( ) 1 9 11 43. ( ) 10 14 10 44. ( ) 16 19 17 45. ( ) 3 2 6 46. ( ) 0 0 3 47. 0 0 3 48. ( ) 0 5 2 49. ( ) 2 8 1 50. 18 22 16 51. 0 1 4 52. ( ) 21 17 17

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  • 2011 6 22 LEGISLATIVE COUNCIL 22 June 2011

    82

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    63. ( ) 0 1 0 64. ( ) 0 4 0 65. 23 14 15 66. 2 0 0 67. 0 0 1 68. 0 0 1 69. 0 0 9 70. ( ) 0 0 7 71. 1 1 1 72. 14 4 2 73. 4 3 1 74. 0 0 1 75. 2 2 0 76. 1 3 1 77. 0 0 2 78. 3 1 0 79. 16 24 40 80. 4 1 2 81. ( ) 0 0 1 82. 0 4 2 83. 1 1 0 84. 1 0 0 85. ( ) 3 2 1 86. 13 10 13 87. 9 8 3 88. 0 0 1 89. 2 3 0 90. 1 7 7 91. 2 4 2 92. ( ) 5 7 4 93. ( ) 1 1 0 94. 0 0 1

  • 2011 6 22 LEGISLATIVE COUNCIL 22 June 2011

    83

    2008-2009

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    95. ( ) 1 0 1 96. ( ) 0 2 26 97. 1 0 0 98. 1 0 0 99. 0 4 6 100. ( ) 34 25 2 101. ( ) 1 0 0

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    109. 0 0 1 110. ( ) 0 1 0

    111. 0 2 0 112. 2 0 0 113. 5 13 10 114. (CTP ) 0 1 2

    115. ( ) 0 1 1 116. ( ) 2 3 8 117. ( ) 18 8 1 118. ( ) 1 0 1 119. ( ) 2 3 5 120. ( ) 12 11 18 121. ( ) 3 0 7

  • 2011 6 22 LEGISLATIVE COUNCIL 22 June 2011

    84

    2008-2009

    2009-2010

    2010-2011

    122. ( ) 0 4 0 123. ( ) 4 10 8 124. ( ) 9 2 2 125. 18 5 15 126. 2 1 1 1 197 1 307 1 341

    ( ) ( )

    ( ) 14 18

    ( ) 3

    2008-2009

    2009-2010

    2010-2011

    1 865 1 569 2 914 14 18

    18 15 2

    ( )

  • 2011 6 22 LEGISLATIVE COUNCIL 22 June 2011

    85

    ( ) 140

    Hong Kong School of Motoring 9. () 2003 20 ()

    3

    ( )

    ( ) 2003 3

    8

    ( ) 2003

  • 2011 6 22 LEGISLATIVE COUNCIL 22 June 2011

    86

    ( ) (

    )

    ( )

    1999 ( ) (374B )

    (i) (ii) (iii)

    1999

    3 (1 )

    2002200420062008

    633

    (1)

  • 2011 6 22 LEGISLATIVE COUNCIL 22 June 2011

    87

    ( 374 ) 88K

    (i) (ii) (iii) (iv)

    3

    ( ) ( )

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  • 2011 6 22 LEGISLATIVE COUNCIL 22 June 2011

    88

    ( )

    ( )

    30

    Non-Compliant Employer and Officer Records Set up by Mandatory Provident Fund Schemes Authority 10. () 3 700 2 300

    ( ) 5

    ( )

  • 2011 6 22 LEGISLATIVE COUNCIL 22 June 2011

    89

    ( ) 2011 5

    ( )

    ( )

    Voter Registration Campaigns 11.

    ( ) 4

    ( ) 4

    ( )

    2007 2008 2009 2010

  • 2011 6 22 LEGISLATIVE COUNCIL 22 June 2011

    90

    ( ) 4 ( )

    (A)

    (B)

    (A) (B)

    2007

    2008

    2010

    ( )

    ( )

    ( ) 4 ( )

    ( ) 2007 16 2008 25.4 2009 5.8 2010 4.8

    2007 2008

  • 2011 6 22 LEGISLATIVE COUNCIL 22 June 2011

    91

    ( ) 4

    2007 124 142 192 2008 72 166 380 2009 31 63 536 2010 19 85 860

    ( ) 4

    (1 )

    (A)

    (1 ) (B)

    (A)

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    2007

    147 559 176 221 28 662

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    166 859 183 716 16 857

    2010

    86 949 85 005 (2 )

    (1) (2) 2010 2010 5 16

    2010 5 17

    ( )

    (i)

  • 2011 6 22 LEGISLATIVE COUNCIL 22 June 2011

    92

    (ii)

    (iii)

    (iv)

    ( )

    2010 343 73%

    Regulation of Breast-milk Substitutes 12. 46 12.7% ( )

  • 2011 6 22 LEGISLATIVE COUNCIL 22 June 2011

    93

    ( ) 0 6

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    ( )

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    ( )

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    ( )

    ( 132X ) 31 ( ) ( 132AQ )

  • 2011 6 22 LEGISLATIVE COUNCIL 22 June 2011

    94

    ( )1981

    () 1 2010 ( 0 3 )

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    2010 6

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  • 2011 6 22 LEGISLATIVE COUNCIL 22 June 2011

    95

    ( )

    ( )

    2011 2012

    Children Born in Hong Kong to Non-Hong Kong Residents 13. ()

    ( ) 30 15 65 15 64 () 30 30 ( 5 )

  • 2011 6 22 LEGISLATIVE COUNCIL 22 June 2011

    96

    ( )

    39,000()

    ( )

    ( )

    ( ) ( ) 2007 1 3 2009 1 2 2009 10 12

    5% 95% 50% 21 52%

    2010 7 2010-2039 2009

  • 2011 6 22 LEGISLATIVE COUNCIL 22 June 2011

    97

    (1 )

    2010* 2014 2019 2024 2029 2034 2039

    162 154 173 188 189 181 171

    172 196 247 317 391 432 454

    334 350 420 505 580 612 625

    *

    2039

    ( 15 64 )

    ( )

    (1) 15 15 64

    65 15 64 15 65 15 64

  • 2011 6 22 LEGISLATIVE COUNCIL 22 June 2011

    98

    1

    ( )

    ( )

    ( )

    Filing of Tax Returns and Payment of Taxes 14.

    ( )

  • 2011 6 22 LEGISLATIVE COUNCIL 22 June 2011

    99

    ( )

    ( )

    ( )

    ( )

    5

    ( ) ( ) 51(8)

    80(1)

    1 58(2)

    58(3)

  • 2011 6 22 LEGISLATIVE COUNCIL 22 June 2011

    100

    ( ) 2009 1 1

    ( )

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  • 2011 6 22 LEGISLATIVE COUNCIL 22 June 2011

    101

    60 6

    7 80(2)

    1 82

    3 5

    580 82

    80

    82 2006-2007 1 3 2007-2008 2 8 2008-2009 1 1 2009-2010 0 3 2010-2011 0 4

  • 2011 6 22 LEGISLATIVE COUNCIL 22 June 2011

    102

    80 4 1 54,65082 240 23,000 130 6 24

    Works Projects Affected by Court Judgment Regarding Environmental Impact Assessment Reports for Hong Kong-Zhuhai-Macao Bridge 15.

    4 ()

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  • 2011 6 22 LEGISLATIVE COUNCIL 22 June 2011

    103

    2010 1 22 2011 4 18 7 6 ( )

    ( )

    2011 5 13

    Disposal of Waste Car Batteries 16.

    ( ) 3 23

    ( )

    3

  • 2011 6 22 LEGISLATIVE COUNCIL 22 June 2011

    104

    ( ) 3

    ( )

    ( )( )()

    ( )1 700

    23

    20 6 4

    ( )

    3 ( ) 1 200

  • 2011 6 22 LEGISLATIVE COUNCIL 22 June 2011

    105

    ( )

    3 1 070 ( )

    ( )

    ( ) 3

    2008 55 0 55 2009 34 0 34 2010 29 4 33

    ( )

    Transfer Schemes for Overcrowded Public Rental Housing Households 17. () 5.5 7 ( )

  • 2011 6 22 LEGISLATIVE COUNCIL 22 June 2011

    106

    ( ) 4 5.5 7

    ( ) 3

    ( )

    ( )

    ( ) 5.5

    7

    (1 )

    2005 10

    10

    (1) ( i)

    (i i) (i i i)

  • 2011 6 22 LEGISLATIVE COUNCIL 22 June 2011

    107

    5

    ( ) 2011 3 5.5 3 230 1 4901 00010730

    7 25 060 11 030 8 160 130 5 740

    ( ) 3 ( 2008-2009 2010-2011 )

    5 330 5 140 5 460 2 620 1 810 1 850

    2 070 1 490 1 520 ( )

    ( 2010-2011 ) 1 500

    ( )

    10

  • 2011 6 22 LEGISLATIVE COUNCIL 22 June 2011

    108

    ( )

    5.5

    Safety of Computer Networks 18. () 4PlayStation Network(PSN) Sony Computer Entertainment Hong Kong Limited(SCEH) SCEH 4 17 19PSN 40PSNPSNSCEH

    ( ) 40

  • 2011 6 22 LEGISLATIVE COUNCIL 22 June 2011

    109

    ( ) SCEHSCEH SCEH SCEH

    ( ) PSN

    SCEHPSNPSN

    3

    ( ) SCEH 40

    PSNPSNSCEHSCEH

    ( )

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    6 8Sony Global Solutions Inc. (SGS)Sony Network Entertainment International LLC SGS

    ( ) SGS Sony CorporationSony PSN SGS

  • 2011 6 22 LEGISLATIVE COUNCIL 22 June 2011

    110

    ( ) SCEHSCEH

    SCEHSGS ( ) SCEH 6 14PSN

    Regulation of Debt Collection Agencies 19. 2010 6 23

    ( ) 6 23

    ( )

    ( ) 2002

    ( )

    2006 16 953 2010 13 690 3

    ( ) 2010 1 896

    11 794 2009 25% 5 2011 15

  • 2011 6 22 LEGISLATIVE COUNCIL 22 June 2011

    111

    819 4 038 20%

    ( )

    2005 9

    ( )

  • 2011 6 22 LEGISLATIVE COUNCIL 22 June 2011

    112

    ( )

    Relocation of Tsim Sha Tsui Star Ferry Pier and Development of a Piazza 20.

    ( )

    ( )

    2011 2 23 3 2007 8

  • 2011 6 22 LEGISLATIVE COUNCIL 22 June 2011

    113

    2009 6 5 000

    2010 9 ( )

    2010 10 13 000

    15 ( 11 ) 3 700 15 16

    40%

  • 2011 6 22 LEGISLATIVE COUNCIL 22 June 2011

    114

    5 31

    23

    9

    BILLS Second Reading of Bills Resumption of Second Reading Debate on Bills LEGISLATION PUBLICATION BILL 2010 10 20 Resumption of debate on Second Reading which was moved on 20 October 2010

  • 2011 6 22 LEGISLATIVE COUNCIL 22 June 2011

    115

    ( ) ( ) ( ) ( )

    ( BLIS)

    44(1) 4(2)

    4(1) 4(2)4(1)

    4(1)

  • 2011 6 22 LEGISLATIVE COUNCIL 22 June 2011

    116

    4(2)(c)

    4(2)(c) 5 5 ( ) () 98(1) 5

    5 12

    12

    13 15 4(1)(c) 16

    12 12 17 17 12 13 1516 98A 98B 98C 98A

  • 2011 6 22 LEGISLATIVE COUNCIL 22 June 2011

    117

    98A 12(1)(a)

    12 1315 16 17

    17

    20(1)

    ( ) 1997 6 30 1991 1997 6 29

  • 2011 6 22 LEGISLATIVE COUNCIL 22 June 2011

    118

    45 10

  • 2011 6 22 LEGISLATIVE COUNCIL 22 June 2011

    119

    4(1)(b) 3

    4(2)(c)

    4(1) 4(2)(c)

  • 2011 6 22 LEGISLATIVE COUNCIL 22 June 2011

    120

    2627 32

    ( )

  • 2011 6 22 LEGISLATIVE COUNCIL 22 June 2011

    121

    ( ) ( )

    12 17

    2010 7 12

    (DVD-ROM ) 2A

  • 2011 6 22 LEGISLATIVE COUNCIL 22 June 2011

    122

    4 4(1)

    ( )

  • 2011 6 22 LEGISLATIVE COUNCIL 22 June 2011

    123

    ( )

    Council went into Committee. Committee Stage LEGISLATION PUBLICATION BILL

    3 13 15 16 1822 27 29 35

    ( )

  • 2011 6 22 LEGISLATIVE COUNCIL 22 June 2011

    124

    3 13 15161822 27 29 35 ( ) ( )

    124 1214171920 21 6 28

    1241011121417 19 20 21 6 28 5 9 1

    2

    (as made Ordinance) (gazetted copy) (authenticated copy) (verified copy)

  • 2011 6 22 LEGISLATIVE COUNCIL 22 June 2011

    125

    (official verification mark) (database instrument)

    4 4 (2) (1) ( ) 4(2)(c) 5 9 4A 2A 5 9 10 10(2) (2) (6) (2) 11 11 (a) (b) 12 12 4 12(1) (c)

  • 2011 6 22 LEGISLATIVE COUNCIL 22 June 2011

    126

    12(1) (a) (d) (e) (g) (i) (ii) (i) 1712(1) (b) (f) (h) (d) 12(2) 17 11(a)

    14 1614(1) 14(3) (publication date) 1717 12

    17(c) 1965

    19 1990 ( ) 20A 20A 19 20A 20 20A 11 16

  • 2011 6 22 LEGISLATIVE COUNCIL 22 June 2011

    127

    20 20A 21 3A (1) (2)2 4A 3A(3) (official verification mark) 6 6 6 28 13(1)

    1 ( I) 2 ( I) 4 ( I) 5 ( I) 6 ( I) 7 ( I) 8 ( I)

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    9 ( I) 10 ( I) 11 ( I) 12 ( I) 14 ( I) 17 ( I) 19 ( I) 20 ( I) 21 ( I) 6 ( I) 28 ( I)

    ( )

    ( )

    ( )

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    5 9 5 9

    1 2 4 10 11 12 14 17 19 20 21 6 28 1241011121417192021 6 28 ( )

    ( )

    4A

    10A 2A 10A 10B 10C

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    10D 20A 2A 2B

    4A 10A 10A 10B 10C 10D 20A 4A 4A

    10A 10D 2A 2A 4 10A 3 2A 3 (official booklet) (official storage medium) (storage medium) 10B 10C

    10D 20A 20A

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    4A 10A 10A10B10C10D 20A

    ( ) 4A 10A 10A10B10C10D 20A ( )

    ( )

    4A 10A 10A10B 10C 10D 20A 4A 10A 10A 10B 10C 10D 20A 4A ( I) 10A ( I)

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    10A ( I) 10B ( I) 10C ( I) 10D ( I) 20A ( I)

    4A 10A 10A 10B10C 10D 20A

    ( )

    ( )

    Council then resumed.

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    Third Reading of Bills LEGISLATION PUBLICATION BILL

    ( )

  • 2011 6 22 LEGISLATIVE COUNCIL 22 June 2011

    134

    ( )

    ( ) ( )

    Resumption of Second Reading Debate on Bills 2010 ( )( 2 )

  • 2011 6 22 LEGISLATIVE COUNCIL 22 June 2011

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    2010 ( )( 2 ) STAMP DUTY (AMENDMENT) (NO. 2) BILL 2010 2010 12 8 Resumption of debate on Second Reading which was moved on 8 December 2010

    2010 ( )(2 ) 2010 1119 2010 ( )( 2 ) ( ) 2010 11 20 24 2010 11 20

    2010 1120

    ( option to

  • 2011 6 22 LEGISLATIVE COUNCIL 22 June 2011

    136

    purchase) (option to purchase)

    ( )

    ( ) 11 20

    24

  • 2011 6 22 LEGISLATIVE COUNCIL 22 June 2011

    137

    24

    24

    2012 5 19

  • 2011 6 22 LEGISLATIVE COUNCIL 22 June 2011

    138

    ( ) 24 3

    24

    100 confirmor sales( )

    11 2011 20 11

    10%15%

  • 2011 6 22 LEGISLATIVE COUNCIL 22 June 2011

    139

    15% ( ) ( )

    15% 300 45

  • 2011 6 22 LEGISLATIVE COUNCIL 22 June 2011

    140

    2009 9 10 2009

    Donald 200 200 200 200 2010 ( )

  • 2011 6 22 LEGISLATIVE COUNCIL 22 June 2011

    141

    2010 40%

    Hansard

    10 1

    10

    5 000

    ( )

  • 2011 6 22 LEGISLATIVE COUNCIL 22 June 2011

    142

    5

    20052010 5 1 2005 2010

  • 2011 6 22 LEGISLATIVE COUNCIL 22 June 2011

    143

    1991 100

    1 1

    1,000

    5 000 2000 1977 2003 1977 2006 2000 30% 40%

  • 2011 6 22 LEGISLATIVE COUNCIL 22 June 2011

    144

    5 0002000 25 000 5 000

    4 90%

    10 50 60 SOCO 6,0007,000 2,500 28 10

    6,000 7,000 28 30

  • 2011 6 22 LEGISLATIVE COUNCIL 22 June 2011

    145

    MR ABRAHAM SHEK: Deputy President, let me tell you a story. In the winter of 2008, against the United States Federal Reserve Chairman Ben BERNANKE's decision to sharply cut the federal funds in just four months, Milton FRIEDMAN, the world-renowned economist, once critically commented BERNANKE as "the fool in the shower", referring a bather who, thinking his shower water is too cold, turns the hot water all the way up and hurts himself in the process. Today, herein the debate on the Stamp Duty (Amendment) (No. 2) Bill 2010, nothing shall I find it more appropriate than this analogy which I shall dedicate to our Administration which seems to fall on deaf ears to the cri de coeur in reality. Prelude to elaborating my view on the Bill, I shall thank the Committee chairman Mr James TO for his leadership under which a total of 13 meetings have been held, reflecting the inadequacies of the draft Bill. In tapping the hot shower in the property market, I recognize our Government's attempt in adjusting the cold switch to the extent that a stable and healthy private sector property market could be maintained. Time and again, during the earlier discussions on the Bill, however, I find our Government always bears benign intention, but acts as a bull raging in the china shop. I understand that our Government proposes to curb short-term speculative activities in the local residential property market, bearing the hope that at least the residential property prices will not have climbed further. In fact, Deputy President, it misses the logic that the two are not directly and necessarily related: the short-term speculative activities are only one but not the most significant reason contributing to the current property price level many may see as exorbitantly high, also worded by our Chief Executive recently as "frightening". Firstly, we have to concede that with the two rounds of "quantitative easing" (the QE) in the United States following the financial tsunami in 2008, there is an excess of money supply while most of which flows to the East for investments. Hong Kong, under the low interest-rate environment with our free and open economy, and pray for its continued existence without which we will not be having the success that we are now enjoying. This free and open economy allows unrestricted capital inflows and outflows, becomes a paradise for our local, Mainland and even global investors. Against this backdrop, it is not hard to understand that due to the strong external demand and the limited supply of land previously released, another blunder of the Administration, the property prices have been on a rapid rise since 2009. It is worthwhile to note that it is under this environment that the short-term speculative activities are

  • 2011 6 22 LEGISLATIVE COUNCIL 22 June 2011

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    groomed, adding fuel to the fire-hot property market. Although I have no qualms with our Government's efforts in combating the short-term speculative activities, I do have much reservation of whether the property market will go as our Government's plot. If not, where will we be eventually led to by the Government? The cloud-cuckoo-land which is heaven-distance away from Hong Kong? They are leading us farther and farther away from reality. ( ) One of the prominent features found in the Bill is that the special stamp duty (SSD) was imposed on transactions of residential property acquired on or after 20 November 2010 and resold within 24 months after acquisition at the regressive rates from 15% to 5% for different holding periods, thereby treating every honest transaction, with the exception of those having granted the exemption, as speculation to be taxed indiscriminately. Surely this is not the Spirit nor the Letter of the Bill. Now half a year has gone, according to the latest statistics, the average number of monthly residential property transactions in the first five months of 2011 was 9 200, recording a 30% decrease from 13 200 transactions in last November. While it is relieved that the speculative activities in residential properties is seen as a sharp decline, nonetheless, it is interesting to learn that the property prices remain at the same level, if not increasing and breaking new records. A question has popped up: if the end in curbing speculative activities in the local residential property market has already been achieved, thanks to the SSD, should our Government agree with the CSA which I shall later propose to include a sunset-clause on the SSD mechanism? If not, then it means that the SSD is an integral part of our Government's long-term tax revenue policy rather than the short-term cure in curbing speculative activities. If they want to catch the thief, they catch everybody. This is the whole essence of this SSD. If the SSD is in fact seen as a means in achieving the ultimate aim in stabilizing the residential property prices, it is doomed to be "on the fool's errand of history". On top of the SSD, our Government has kept switching on the cooling button in the shower: for example, the rate of stamp duty has earlier been increased from 3.75% to 4.25% for transactions of immovable property valued at more than $20 million. A week ago, the mortgage loans for residential property

  • 2011 6 22 LEGISLATIVE COUNCIL 22 June 2011

    147

    valued at between $10 million and $12 million were tightened from 60% to 50% while for properties valued at between $7 million and $10 million, the maximum loan-to-value ratio was lowered from 70% to 60%. In addition, the total loan value must not exceed $5 million. By greatly increasing the borrowing costs with a couple of measures all in one go, it is important to stay vigilant of whether a hard landing will be resulted if the interest rate will subsequently increase following the United States Federal Reserve's decision of whether the QE practice will be aborted next month. Due attention also needs to be paid to the public who may find it increasingly hard in purchasing their homes with the increase in borrowing costs. In other words, our Government ought not go too far and do too much in flip-flopping between the hot and cold switches lest the near 8 million Hong Kong people in the shower will be in peril. Like most Hong Kong people, I am also in favour of a stable property market. I understand the limits of the SSD and the aforementioned tightening measures of mortgage loans. In addressing the huge surplus in property demand over its supply, the only and the most feasible way out is to increase land supply so that the discrepancy between the demand and supply of the residential properties will be narrowed. As Mr LEE Wing-tat also pointed out, the resumption of the HOS is another area which the Government should look into in order to give confidence to the people that they could also own property. In light of this, I propose that the SSD shall not be chargeable where there are internal transfers or sale of the bare site between the associated corporations within the 24 months. On contrary to the hypothetical claim by our Government that certain loopholes will be created for the possibility of speculation, the truth is however opposite: the development potential of the land will be put to full use, while, with the operation cost being optimized in accordance with the principle of the economies of scale, the progress of land development for residential properties will be expedited and more importantly, the development cost of the residential project will be saved. At the other end, more prospective buyers, especially those aspiring youngsters, will be offered more affordable homes. President, in rationalizing the shower temperature of our property market, our Government should stay alert to the external economic environment, especially the United States, and Mainland economic changes from time to time. If one day is already too long in politics, equally, the abrupt announcement of the Federal Reserve over any changes in interest rate level that comes, even in a minute's time, is long enough to pull and push our residential property market to

  • 2011 6 22 LEGISLATIVE COUNCIL 22 June 2011

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    the extreme. The memories of the negative equity days must still be fresh in our mind. After all, the chargeable rate and arrangement of the SSD have to be reviewed from time to time lest any procrastination and the Government is famous in this failing to catch up with the impending economic changes is enough to drag the public into irreparable catastrophe where we may get burnt or frozen to death, being the casualties of "the fool in the shower". Thank you, President. 2010 ( )( 2 ) 10

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    ......

    1997

    2010

    5 10 3 3 4 5 6

  • 2011 6 22 LEGISLATIVE COUNCIL 22 June 2011

    150

    10 1

    10

    2010 ( )(2 )

    11 192010 11 20 5% 15%

  • 2011 6 22 LEGISLATIVE COUNCIL 22 June 2011

    151

    24 10%

    4 72 11 78% 11 13 200 5 9 200 30%

    3 15,560 2

  • 2011 6 22 LEGISLATIVE COUNCIL 22 June 2011

    152

    100

    49% 3%63%2014

    2007

    10 13 3 000 5 000

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  • 2011 6 22 LEGISLATIVE COUNCIL 22 June 2011

    153

    24

  • 2011 6 22 LEGISLATIVE COUNCIL 22 June 2011

    154

    11 20

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  • 2011 6 22 LEGISLATIVE COUNCIL 22 June 2011

    155

    24

    ......

  • 2011 6 22 LEGISLATIVE COUNCIL 22 June 2011

    156

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  • 2011 6 22 LEGISLATIVE COUNCIL 22 June 2011

    157

    2003

    1

    100% 95% 95%

    6

  • 2011 6 22 LEGISLATIVE COUNCIL 22 June 2011

    158

  • 2011 6 22 LEGISLATIVE COUNCIL 22 June 2011

    159

    ......

    10

  • 2011 6 22 LEGISLATIVE COUNCIL 22 June 2011

    160

    30 2% 80%

    ( )

    2010 9 2009 24 32% 12 114% 912

  • 2011 6 22 LEGISLATIVE COUNCIL 22 June 2011

    161

    5 11 0.65% 1% 165 19961998 10 0.57% 11

    3% 6% 1 1

    confirmor 1

    ...... 24 24

  • 2011 6 22 LEGISLATIVE COUNCIL 22 June 2011

    162

    12 000 5 48 33%

  • 2011 6 22 LEGISLATIVE COUNCIL 22 June 2011

    163

    2008 4

    ......

    6 15% 12 10% 245%

  • 2011 6 22 LEGISLATIVE COUNCIL 22 June 2011

    164

    15 000 5 5 000 15 000

    2 10 2 11

    9% 1997 48% 1 7%

  • 2011 6 22 LEGISLATIVE COUNCIL 22 June 2011

    165

    6 18 7 10 5 3

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    percent

    3 7

    15 000 5 75 000

    40 41 38 35 4 3 38 35 30

  • 2011 6 22 LEGISLATIVE COUNCIL 22 June 2011

    166

    41 30 3538 41 15 000 600

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    15 0005 75 000

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  • 2011 6 22 LEGISLATIVE COUNCIL 22 June 2011

    167

    230230

    70 210 38 130 ( 18%) ( ) 120 360 ( 52%) 3 2009 745 000 393 000 ( ) 6142 109 5 40 30

    70 7001 104 6 480 53 000

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  • 2011 6 22 LEGISLATIVE COUNCIL 22 June 2011

    168

    11 19 15% 24

    4 253 3 49% 3 51% 25 1,000 3 6 4

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  • 2011 6 22 LEGISLATIVE COUNCIL 22 June 2011

    169

    2010 42011 1

    land-rich company

    60% 70% 2.75%0.4%

    ( )

    1,000

  • 2011 6 22 LEGISLATIVE COUNCIL 22 June 2011

    170

    2,000 3,000

  • 2011 6 22 LEGISLATIVE COUNCIL 22 June 2011

    171

    5

  • 2011 6 22 LEGISLATIVE COUNCIL 22 June 2011

    172

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  • 2011 6 22 LEGISLATIVE COUNCIL 22 June 2011

    173

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    1 60

  • 2011 6 22 LEGISLATIVE COUNCIL 22 June 2011

    174

    1997 1998

    1 ......

    7-ELEVEN

    40%

  • 2011 6 22 LEGISLATIVE COUNCIL 22 June 2011

    175

    1950 200 7080

    700 1 000

  • 2011 6 22 LEGISLATIVE COUNCIL 22 June 2011

    176

    SARS

    10

  • 2011 6 22 LEGISLATIVE COUNCIL 22 June 2011

    177

    2.75% 0.4%

    ( )

  • 2011 6 22 LEGISLATIVE COUNCIL 22 June 2011

    178

    2010 ( )(2 ) ( )

    2010 ( )( 2 ) ( )

    2,000 2010 2,000

    2 4 8 10 11 2 6 4

    ( )2011 4 72 11 ( ) 32078% ( )

  • 2011 6 22 LEGISLATIVE COUNCIL 22 June 2011

    179

    3

    2010 11 20 24

    (i) 6 15% (ii) 6 12

    10% (iii) 12 24

    5%

  • 2011 6 22 LEGISLATIVE COUNCIL 22 June 2011

    180

    29A

    24 24

    ( )

    24

  • 2011 6 22 LEGISLATIVE COUNCIL 22 June 2011

    181

    ( ) ( )

    24

    2010 ( )( 2 )2012 5 19 2012 5 19 2,000

  • 2011 6 22 LEGISLATIVE COUNCIL 22 June 2011

    182

    2,000

    6 10

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    24

  • 2011 6 22 LEGISLATIVE COUNCIL 22 June 2011

    183

    2010 ( )( 2 ) ( ) ( ) 2010 ( )( 2 ) Council went into Committee. Committee Stage 2010 ( )( 2 ) STAMP DUTY (AMENDMENT) (NO. 2) BILL 2010 2010 ( )( 2 ) 2 3 6 11 13 15 18

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    185

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    187

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    ( )

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    4 4 15 7 9 12 14

    ( ) ( )

    8 10 8 10 8 29CA (2) (9) (3A) (4A) (6A) (6B) 10 29DA (1) (12) (14) (3A) (7A) (9A) (9B) (13A) 8 10 8 29CA (2) (11) 10 29DA (2) (13B)

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    8 10

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    10 ( II)

    MR ABRAHAM SHEK: Chairman, I move amendments to clauses 8 and 10, which concern the acquisition and disposal of bare sites and transfers between associated corporations.

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    Chairman, clause 8, section 29CA(2) sets out that a chargeable agreement for sale is chargeable with the special stamp duty (SSD) if the residential property concerned is disposed of within 24 months beginning on the day on which the vendor acquired the property. While clause 10, section 29DA(2) sets out that a conveyance on sale is chargeable with the SSD if the residential property concerned is disposed of within a period of 24 months beginning on the day on which the transferor under the conveyance acquired the property. The two amendments I move are about acquisition and disposal of bare sites. The SSD is imposed as an extraordinary measure under current exceptional circumstances to discourage short-term speculation in residential flats, I repeat, in residential flats. Where a developer acquires a bare site and sells the site before any building is erected on the site, no speculation concerning residential units is involved and there is no justification for imposing the SSD. Imposing the SSD on the disposal of bare sites could have the unintended effect of reducing land supply, which is against the general consensus on stabilizing the residential property market by increasing land supply. This worry is not unfounded. To avoid payment of the SSD, developers could hold onto the sites for longer. A developer, in some instances, who has acquired a bare site may find himself in financial difficulties and might wish to sell the site before any building is erected on it. Moreover, in some other circumstances, a developer could, for commercial reasons, decide not to develop the bare site himself. He could decide to sell a site that is too small to be developed into a quality building to another developer who owns an adjoining site, to enable the other developer to amalgamate the two sites into a larger site for a better development. In any of the above cases, the imposition of the SSD would inhibit the disposal of the bare site by the developer, with the consequence that supply is reduced. Furthermore, the additional cost of the SSD would eventually be passed on to consumers. I therefore propose that where a person acquires a bare site and disposes of the site within 24 months, before any building has been erected, the SSD shall not be chargeable.

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    The proposed amendments to sections 29CA(2) and 29DA(2) are intended to cover the above scenarios. The only difference between section 29CA(2) and section 29DA(2) is that section 29CA(2) deals with certain agreements for sale, while section 29DA(2) deals with conveyances on the sale of residential property. Chairman, the proposed new sections 29CA(11) and 29DA(13B) provide that where an internal transfer has taken place, the date of acquisition for the purpose of the SSD shall be deemed to be the date of acquisition by the transferor. The Administration has accepted that the SSD is not chargeable for a transfer between associated corporations where the transfer is exempted from payment of stamp duty under section 29H(3) or section 45. However, the Administration refuses to accept that for the purpose of the SSD, in the event of a disposal by the transferee, the 24-month period should count from the date of acquisition by the transferor, instead of the transferee. The Administration is saying that the period should count from the date of transfer to the transferee. These transfers are effectively internal transfers within the same group. It would be logical to count the 24 months from the date when the group first acquired the property, that is, the date when the transferor acquired the property. Chairman, I am not convinced by the Administration's flimsy explanation that it is inappropriate to provide specific exemptions for the abovementioned scenarios because the possibility of speculation cannot be ruled out, or because it could send the wrong message and create loopholes. My CSAs concerning the provision of exemptions from the SSD for acquisition and disposal of bare sites and transfers between associated corporations contain no hidden agenda or ulterior motives to weaken the SSD which I support. Instead, they are intended to minimize the negative impacts that the SSD could have on the property market in restricting the adequate supply of land. It is disappointing that the Administration is reluctant to understand the difficulties of the developers and their usual practices and accept my CSAs. If the Administration really cares about loopholes, how can it turn a blind eye to the loopholes it has created? One of the biggest loopholes in the Bill is that it separates the SSD from the Administration's housing policy, such as the resumption of the HOS. The

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    SSD and other measures like mortgage loan ratio and increasing flat supply should be considered as a whole. They cannot be brutally separated. While the Administration is flaunting its declared determination to increase flat supply, is it logical for the Administration to push ahead with legislation that could defeat that purpose? I am speaking as a practitioner of the trade, and I know this will happen. As an old Chinese proverb goes, "lifting a rock only to have his own toes squashed." () That is the best illustration of how this Administration formulated the SSD. Thank you.

    24 24

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    196

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    198

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  • 2011 6 22 LEGISLATIVE COUNCIL 22 June 2011

    201

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  • 2011 6 22 LEGISLATIVE COUNCIL 22 June 2011

    202

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  • 2011 6 22 LEGISLATIVE COUNCIL 22 June 2011

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  • 2011 6 22 LEGISLATIVE COUNCIL 22 June 2011

    204

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  • 2011 6 22 LEGISLATIVE COUNCIL 22 June 2011

    205

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  • 2011 6 22 LEGISLATIVE COUNCIL 22 June 2011

    206

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    MR ABRAHAM SHEK: OK. Chairman, I move a further amendment to clause 8 to amend subsection (2) of the proposed section 29CA in the Bill, and a further amendment to clause 10 to amend subsection (2) of the proposed section 29DA in the Bill. 8 ( II) 10 ( II)

    ( ) ( )

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    Mr Abraham SHEK rose to claim a division. 3 ...... call of nature

    Functional Constituencies:

    Geographical Constituencies:

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    23 2212322

    THE CHAIRMAN announced that among the Members returned by functional constituencies, 23 were present, two were in favour of the amendments and 21 against them; while among the Members returned by geographical constituencies through direct elections, 23 were present and 22 were against the amendments. Since the question was not agreed by a majority of each of the two groups of Members present, he therefore declared that the amendments were negatived.

    8 10 MR ABRAHAM SHEK: Chairman, I move the amendment to clause 8 to add subsection (11) to the proposed section 29CA in the Bill, and the amendment to clause 10 to add subsection (13B) to the proposed section 29DA in the Bill. 8 ( II) 10 ( II)

    ( )

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    ( ) Mr Abraham SHEK rose to claim a division. 3

    Functional Constituencies:

    Geographical Constituencies:

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    23 6172322

    THE CHAIRMAN announced that among the Members returned by functional constituencies, 23 were present, six were in favour of the amendments and 17 against them; while among the Members returned by geographical constituencies through direct elections, 23 were present and 22 were against the amendments. Since the question was not agreed by a majority of each of the two groups of Members present, he therefore declared that the amendments were negatived.

    810 8 10 ( ) ( )

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    6A 29A ( IIIA )

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    13A 69 MR ABRAHAM SHEK: Chairman, I move the Second Reading of new clause 13A. The proposed new section 69 concerns the famous "sunset clause" which I have learned from the opposition side. A sunset clause means that certain provisions will expire by a specified time period. If this sunset clause is passed,

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    which is unlikely, the special stamp duty (SSD) will cease to apply at midnight on 19 May 2012, 18 months after it took effect. On the other hand, the Bill also serves to cancel the existing arrangements under the Stamp Duty Ordinance for the deferral of payment of stamp duty chargeable with certain agreements for sale of residential properties valued at $20 million or below. As the introduction of the SSD and the cancellation of the payment deferral are part and parcel of the measure to deal with the current exceptional circumstances, both should be subject to the same sunset clause. As regards the expiry date, the intention is that the SSD shall cease to be chargeable after the expiry date irrespective of the date of acquisition or disposal but this should not affect any charge to the SSD which has already arisen or crystallized on or before the expiry date. Also, payment deferral should continue to be available after the expiry date. The Administration says that the SSD is needed as an extraordinary measure under the current extraordinary circumstances in Hong Kong to address short-term speculation in residential units. As the name "special" suggests, one would expect these exceptional circumstances to disappear and evaporate into the air in the not-too-distant future for our sake because the high property price would somehow go down with the success of this SSD. In such a case, the SSD should cease to apply. One major problem with the SSD is that it will severely reduce the flexibility of homeowners and genuine investors in the disposal or transfer of their properties. What is more, a lot of innocent private homeowners, who have not in any way participated in any speculation, may be caught by the measure. An owner could be forced to sell his unit due to financial difficulties (such as losing his job or unexpected losses in his business) or changes in family circumstances, and so on. I understand that there are some 1.5 million homeowners in Hong Kong and they will be affected although the Government has kindly agreed to the recommendation of the Bills Committee to grant a number of exceptions but those are limited. Yet the Administration has refused to make provision for exemption or relief in the above circumstances. Chairman, although the SSD is not imposed as a tax for revenue purpose, the Bill does not provide a date for the cessation of the SSD, nor is a mechanism provided for its review by the Legislative Council. As it now stands, the Bill will incorporate the SSD as a permanent feature of the Stamp Duty Ordinance.

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    The SSD has already given rise to a lot of concerns among homeowners, investors, estate agents, the legal profession and the banking and financial community, quite apart from the developers. The imposition of the SSD without a sunset clause is unfair to homeowners and genuine investors; it will undermine Hong Kong's reputation as a free-market economy, and it will ultimately have an adverse effect and impact on the important sector of our economy. The Administration and some of my Honourable colleagues say that a sunset clause will create a wrong signal and add volatility to the market. However, as I mentioned earlier, the biggest driving force to change market expectation depends on demand and supply, rather than a sunset clause. If there is a sunset clause, it can dampen the rise in property prices. So, it should be introduced. If the Government really wishes to provide the market with a positive outlook and sentiment, it should handle the issue via steady supply of land and flats and the resumption of the Home Ownership Scheme (HOS). Earlier, the Secretary has explained that any form of subsidized housing is not to control the rising property prices. That may be so, and it is a fact. But somehow, the Secretary has forgotten that there are other people who are actually not qualified to purchase flats in the private market. They also have a right to purchase home and that is where the HOS comes in. The HOS market and the private market are two separate markets and the Government should take heed of this. It should also look into the aspect of how to improve the secondary HOS market. At the moment, the Government encourages the HOS transactions in the secondary market by imposing a premium. Chairman, that actually has put the HOS secondary market into the private sector market which is the most unhealthy. This is something which the Government should stop doing. The Government should actually only encourage people who are qualified to buy secondary HOS flats to buy from the secondary HOS market, and not the people outside who can afford to buy from the private market. Although the Administration has indicated that it will review the SSD once every 24 months or earlier after the enactment of the Bill, or as circumstances require, as presently drafted, the Administration is under no compulsion to do so, nor can the Legislative Council compel the Administration to do so. There are many such cases and earlier, Margaret has actually given a very good example. Moreover, what are the circumstances that will trigger the promised review

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    exercise? A 30% plunge in property prices? A fall in the number of property transactions within 24 months to pre-2008 levels? Or another global financial catastrophe? Since the Administration has not provided an objective standard for the review exercise, I am afraid the Administration will break its promise. Just as in many previous policies, that which is not explicitly mentioned is equivalent to being non-existent. Thus, the SSD would become a "standing stamp duty" instead of a "special stamp duty". So, would it not be better for the Legislative Council to be conferred with the power to take on the supervisory role rather than the Administration? In my view, it would not be right for the Legislative Council to allow the Bill to go through without providing for a mechanism whereby the Administration must review the SSD and put forward its recommendation to the Legislative Council, failing which the SSD will cease to apply. The Legislative Council will be assured of a review and the decision to continue or not to continue with the SSD will rest with Legislative Council. This means that the Legislative Council, instead of the Administration, will administer the authorities in enforcing the legislation. By so doing, the Legislative Council is doing nothing more than performing its function of monitoring the Government, which is an authority bestowed upon us by the Basic Law. I am therefore proposing a sunset date of say, 18 months from 20 November 2010, by which date the SSD will cease to apply. That is, the SSD will cease to apply at midnight on 19 May 2012, being 18 months after the SSD came into effect, and that Legislative Council will have the power to amend the sunset date by resolution. Chairman, from time to time, our Honourable colleagues say that they feel powerless to challenge the Administration's decisions. This is the opportunity you have been asking for. If you vote against it, you are rejecting this right that you should have. They also say that they do not receive due respect from the Government surely, yes, you have because you are voting with them and their recommendations are usually left neglected. This, I stand to be neglected today and I am very proud of it. Today, a prime chance is given to every Honourable Member: just cast a vote to support this sunset clause and have the dignity of the Legislative Council reinforced.

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    219

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  • 2011 6 22 LEGISLATIVE COUNCIL 22 June 2011

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  • 2011 6 22 LEGISLATIVE COUNCIL 22 June 2011

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  • 2011 6 22 LEGISLATIVE COUNCIL 22 June 2011

    225

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  • 2011 6 22 LEGISLATIVE COUNCIL 22 June 2011

    227

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  • 2011 6 22 LEGISLATIVE COUNCIL 22 June 2011

    228

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    13A ( ) ( ) Mr Abraham SHEK rose to claim a division.

  • 2011 6 22 LEGISLATIVE COUNCIL 22 June 2011

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    21 6 15 23 7 15 THE CHAIRMAN announced that among the Members returned by functional constituencies, 21 were present, six were in favour of the motion and 15 against it; while among the Members returned by geographical constituencies through direct elections, 23 were present, seven were in favour of the motion and 15 against it. Since the question was not agreed by a majority of each of the two groups of Members present, he therefore declared that the motion was negatived.

    ( II)

    ( )

    ( )

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    231

    ( )

    Council then resumed. Third Reading of Bills 2010 ( )( 2 ) STAMP DUTY (AMENDMENT) (NO. 2) BILL 2010 2010 ( )( 2 )

    2010 ( )( 2 ) ( )

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    ( ) ( ) 2010 ( )( 2 ) MEMBERS' MOTIONS 155 10 7 EXPEDITIOUSLY IMPLEMENTING THE FORMULATION OF STANDARD WORKING HOURS

  • 2011 6 22 LEGISLATIVE COUNCIL 22 June 2011

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  • 2011 6 22 LEGISLATIVE COUNCIL 22 June 2011

    234

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  • 2011 6 22 LEGISLATIVE COUNCIL 22 June 2011

    235

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  • 2011 6 22 LEGISLATIVE COUNCIL 22 June 2011

    236

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  • 2011 6 22 LEGISLATIVE COUNCIL 22 June 2011

    237

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  • 2011 6 22 LEGISLATIVE COUNCIL 22 June 2011

    238

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  • 2011 6 22 LEGISLATIVE COUNCIL 22 June 2011

    239

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  • 2011 6 22 LEGISLATIVE COUNCIL 22 June 2011

    240

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  • 2011 6 22 LEGISLATIVE COUNCIL 22 June 2011

    241

  • 2011 6 22 LEGISLATIVE COUNCIL 22 June 2011

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  • 2011 6 22 LEGISLATIVE COUNCIL 22 June 2011

    243

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  • 2011 6 22 LEGISLATIVE COUNCIL 22 June 2011

    244

  • 2011 6 22 LEGISLATIVE COUNCIL 22 June 2011

    245

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  • 2011 6 22 LEGISLATIVE COUNCIL 22 June 2011

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  • 2011 6 22 LEGISLATIVE COUNCIL 22 June 2011

    247

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  • 2011 6 22 LEGISLATIVE COUNCIL 22 June 2011

    248

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  • 2011 6 22 LEGISLATIVE COUNCIL 22 June 2011

    249

  • 2011 6 22 LEGISLATIVE COUNCIL 22 June 2011

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  • 2011 6 22 LEGISLATIVE COUNCIL 22 June 2011

    251

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  • 2011 6 22 LEGISLATIVE COUNCIL 22 June 2011

    252

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  • 2011 6 22 LEGISLATIVE COUNCIL 22 June 2011

    253

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  • 2011 6 22 LEGISLATIVE COUNCIL 22 June 2011

    254

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  • 2011 6 22 LEGISLATIVE COUNCIL 22 June 2011

    255

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  • 2011 6 22 LEGISLATIVE COUNCIL 22 June 2011

    256

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  • 2011 6 22 LEGISLATIVE COUNCIL 22 June 2011

    257

    7

    SUSPENSION OF MEETING 230 10 13 Suspended accordingly at thirteen minutes past Ten o'clock.

    2

    2000XXX

    LEGISLATIVE COUNCIL XX June 2000

    1

    2011622

    LEGISLATIVE COUNCIL 22 June 2011

    OFFICIAL RECORD OF PROCEEDINGS

    2011622

    Wednesday, 22 June 2011

    11

    The Council met at Eleven o'clock

    MEMBERS PRESENT:

    G.B.S., J.P.

    THE PRESIDENT

    THE HONOURABLE JASPER TSANG YOK-SING, G.B.S., J.P.

    THE HONOURABLE ALBERT HO CHUN-YAN

    S.B.S., S.B.ST.J., J.P.

    IR DR THE HONOURABLE RAYMOND HO CHUNG-TAI, S.B.S., S.B.ST.J., J.P.

    THE HONOURABLE LEE CHEUK-YAN

    G.B.S., J.P.

    DR THE HONOURABLE DAVID LI KWOK-PO, G.B.M., G.B.S., J.P.

    S.B.S., J.P.

    THE HONOURABLE FRED LI WAH-MING, S.B.S., J.P.

    DR THE HONOURABLE MARGARET NG

    THE HONOURABLE JAMES TO KUN-SUN

    THE HONOURABLE CHEUNG MAN-KWONG

    S.B.S., J.P.

    THE HONOURABLE CHAN KAM-LAM, S.B.S., J.P.

    G.B.S., J.P.

    THE HONOURABLE MRS SOPHIE LEUNG LAU YAU-FUN, G.B.S., J.P.

    THE HONOURABLE LEUNG YIU-CHUNG

    G.B.S.

    DR THE HONOURABLE PHILIP WONG YU-HONG, G.B.S.

    S.B.S., J.P.

    THE HONOURABLE WONG YUNG-KAN, S.B.S., J.P.

    J.P.

    THE HONOURABLE LAU KONG-WAH, J.P.

    G.B.S., J.P.

    THE HONOURABLE LAU WONG-FAT, G.B.M., G.B.S., J.P.

    G.B.S., J.P.

    THE HONOURABLE MIRIAM LAU KIN-YEE, G.B.S., J.P.

    J.P.

    THE HONOURABLE EMILY LAU WAI-HING, J.P.

    THE HONOURABLE ANDREW CHENG KAR-FOO

    G.B.S., J.P.

    THE HONOURABLE TAM YIU-CHUNG, G.B.S., J.P.

    S.B.S., J.P.

    THE HONOURABLE ABRAHAM SHEK LAI-HIM, S.B.S., J.P.

    S.B.S., J.P.

    THE HONOURABLE LI FUNG-YING, S.B.S., J.P.

    S.B.S., J.P.

    THE HONOURABLE TOMMY CHEUNG YU-YAN, S.B.S., J.P.

    S.B.S., J.P.

    THE HONOURABLE FREDERICK FUNG KIN-KEE, S.B.S., J.P.

    S.C., J.P.

    THE HONOURABLE AUDREY EU YUET-MEE, S.C., J.P.

    S.B.S., J.P.

    THE HONOURABLE VINCENT FANG KANG, S.B.S., J.P.

    M.H.

    THE HONOURABLE WONG KWOK-HING, M.H.

    THE HONOURABLE LEE WING-TAT

    S.B.S., J.P.

    DR THE HONOURABLE JOSEPH LEE KOK-LONG, S.B.S., J.P.

    S.B.S., J.P.

    THE HONOURABLE JEFFREY LAM KIN-FUNG, S.B.S., J.P.

    G.B.S., J.P.

    THE HONOURABLE ANDREW LEUNG KWAN-YUEN, G.B.S., J.P.

    G.B.S., J.P.

    THE HONOURABLE CHEUNG HOK-MING, G.B.S., J.P.

    B.B.S., J.P.

    THE HONOURABLE WONG TING-KWONG, B.B.S., J.P.

    S.C.

    THE HONOURABLE RONNY TONG KA-WAH, S.C.

    THE HONOURABLE CHIM PUI-CHUNG

    S.B.S., J.P.

    PROF THE HONOURABLE PATRICK LAU SAU-SHING, S.B.S., J.P.

    M.H.

    THE HONOURABLE KAM NAI-WAI, M.H.

    THE HONOURABLE CYD HO SAU-LAN

    J.P.

    THE HONOURABLE STARRY LEE WAI-KING, J.P.

    B.B.S., J.P.

    DR THE HONOURABLE LAM TAI-FAI, B.B.S., J.P.

    THE HONOURABLE CHAN HAK-KAN

    M.H., J.P.

    THE HONOURABLE PAUL CHAN MO-PO, M.H., J.P.

    J.P.

    THE HONOURABLE CHAN KIN-POR, J.P.

    DR THE HONOURABLE PRISCILLA LEUNG MEI-FUN

    DR THE HONOURABLE LEUNG KA-LAU

    THE HONOURABLE CHEUNG KWOK-CHE

    THE HONOURABLE WONG SING-CHI

    B.B.S.

    THE HONOURABLE WONG KWOK-KIN, B.B.S.

    M.H.

    THE HONOURABLE IP WAI-MING, M.H.

    G.B.S., J.P.

    THE HONOURABLE IP KWOK-HIM, G.B.S., J.P.

    G.B.S., J.P.

    THE HONOURABLE MRS REGINA IP LAU SUK-YEE, G.B.S., J.P.

    DR THE HONOURABLE PAN PEY-CHYOU

    THE HONOURABLE PAUL TSE WAI-CHUN

    J.P.

    DR THE HONOURABLE SAMSON TAM WAI-HO, J.P.

    S.C.

    THE HONOURABLE ALAN LEONG KAH-KIT, S.C.

    THE HONOURABLE LEUNG KWOK-HUNG

    THE HONOURABLE TANYA CHAN

    THE HONOURABLE ALBERT CHAN WAI-YIP

    THE HONOURABLE WONG YUK-MAN

    MEMBER ABSENT:

    G.B.S., J.P.

    THE HONOURABLE TIMOTHY FOK TSUN-TING, G.B.S., J.P.

    PUBLIC OFFICERS ATTENDING:

    G.B.S., J.P.

    THE HONOURABLE HENRY TANG YING-YEN, G.B.M., G.B.S., J.P.

    THE CHIEF SECRETARY FOR ADMINISTRATION

    J.P.

    THE HONOURABLE JOHN TSANG CHUN-WAH, G.B.M., J.P.

    THE FINANCIAL SECRETARY

    S.C., J.P.

    THE HONOURABLE WONG YAN-LUNG, S.C., J.P.

    THE SECRETARY FOR JUSTICE

    G.B.S., J.P.

    THE HONOURABLE MICHAEL SUEN MING-YEUNG, G.B.S., J.P.

    SECRETARY FOR EDUCATION

    G.B.S., I.D.S.M., J.P.

    THE HONOURABLE AMBROSE LEE SIU-KWONG, G.B.S., I.D.S.M., J.P.

    SECRETARY FOR SECURITY

    G.B.S., J.P.

    THE HONOURABLE DENISE YUE CHUNG-YEE, G.B.S., J.P.

    SECRETARY FOR THE CIVIL SERVICE

    G.B.S., J.P.

    THE HONOURABLE TSANG TAK-SING, G.B.S., J.P.

    SECRETARY FOR HOME AFFAIRS

    G.B.S., J.P.

    THE HONOURABLE MATTHEW CHEUNG KIN-CHUNG, G.B.S., J.P.

    SECRETARY FOR LABOUR AND WELFARE

    S.B.S., J.P.

    PROF THE HONOURABLE K C CHAN, S.B.S., J.P.

    SECRETARY FOR FINANCIAL SERVICES AND THE TREASURY

    G.B.S., J.P.

    THE HONOURABLE MRS CARRIE LAM CHENG YUET-NGOR, G.B.S., J.P.

    SECRETARY FOR DEVELOPMENT

    J.P.

    THE HONOURABLE EVA CHENG, J.P.

    SECRETARY FOR TRANSPORT AND HOUSING

    CLERKS IN ATTENDANCE:

    MS PAULINE NG MAN-WAH, SECRETARY GENERAL

    MISS ODELIA LEUNG HING-YEE, ASSISTANT SECRETARY GENERAL

    MRS JUSTINA LAM CHENG BO-LING, ASSISTANT SECRETARY GENERAL

    MRS PERCY MA, ASSISTANT SECRETARY GENERAL

    TABLING OF PAPERS

    21(2)

    The following papers were laid on the table under Rule 21(2) of the Rules of Procedure:

    2011

    105/2011

    2011()

    106/2011

    Subsidiary Legislation/InstrumentsL.N. No.

    Declaration of Increase in Pensions Notice 2011

    105/2011

    Widows and Orphans Pension (Increase) Notice 2011

    106/2011

    26/10-11

    2010()(2)

    Other Papers

    Report of the Committee on Members' Interests on its consideration of a complaint against Ir Dr Hon Raymond HO, Hon Jeffrey LAM and Hon Abraham SHEK

    Report No. 26/10-11 of the House Committee on Consideration of Subsidiary Legislation and Other Instruments

    Report of the Bills Committee on Legislation Publication Bill

    Report of the Bills Committee on Stamp Duty (Amendment) (No. 2) Bill 2010

    ADDRESSES

    Report of the Committee on Members' Interests on its consideration of a complaint against Ir Dr Hon Raymond HO, Hon Jeffrey LAM and Hon Abraham SHEK

    ()

    200912312009911()

    ()83A73(1)(c)

    20()2010326(2009911)

    ()83A

    73(1)(c)852011713

    ()()83A

    2009911

    99.8%()()2009911

    85

    83A

    200912()

    83A

    83A

    83A

    (33.2)83A

    83A

    83A

    83A

    ()

    583A83A

    ()83A83A

    83A20116242011713

    83A83A

    24(4)

    QUESTIONS UNDER RULE 24(4) OF THE RULES OF PROCEDURE

    24(4)

    Measures to Improve Fire Safety Problem of Flat Units Divided into Separate Units

    1.(2011615)111()41961

    617

    12

    41

    51004

    1823

    20084

    (i)

    (ii)

    (iii)

    (iv)

    18

    20082008

    ......

    ......

    2008

    ......

    2010520111113()

    1957

    ......

    ......

    ......

    ......

    ......

    411300

    41000

    2010()

    1

    5

    Fire Safety Problems Caused by Flat Units Divided into Separate Units

    2.15350()()

    ()6173

    ()

    201044100020114008000

    153

    200811201143073201143637

    73

    1987()

    2008

    41

    2010()

    11010123

    2011-2012 477601120

    ......

    24365524......

    ......65......

    ............

    8 8

    ()

    8......

    20081201147325

    (95)9

    95

    2010

    95(I)

    40B40C

    ()

    1300 1

    453

    733728 1 28

    1

    45J1400050......

    ......

    50

    ORAL ANSWERS TO QUESTIONS

    Development of Renminbi Offshore Business

    1.3()

    ()

    ()

    ()()()

    3

    ()20041

    201144,45020103,692201186%

    1600123,10045,100

    200916020103585280

    4173151

    3

    200985,07060%

    ()()

    2004

    ()()()

    20%30%201186%40%16%16358

    ()

    201144,450

    ()

    ()()512%2013()

    ()

    1

    currency mismatch

    (deposit)currency mismatchcurrency mismatch

    denominated

    20

    (II)

    Triffin Paradox()Triffin Paradox

    23

    Management of Assets Accumulated Under MPF Schemes

    2.()201012()3,6542000125.5%51.2%1.6%0.8%200991()

    ()57.1%

    ()

    ()

    3

    ()201054.9%7.1%

    4142210()2007()

    200012201135.4%57.4%4.5%2000(0.8%)

    2000

    ()192007

    160%

    20097201061.82%20064200732.1%3

    ()2004()

    ()()56356200991()

    5

    2.49%3.92%1%

    5.4%7.4%

    6,000

    42011-2012

    ()(statement)

    ......

    money market fund

    23

    Reduction of Coverage of Frontier Closed Area

    3.20082800400

    ()

    ()()

    ()

    ()2006200812800400

    4()

    (i)

    20102011

    (ii)

    20102012

    (iii)

    20122015

    (iv)

    20092011

    (245)36(1)2012

    ()()

    ()2008-20092009-2010202010-201165302010-2011489

    2011-20126530

    1()

    ......

    2012

    ......

    permit

    2011

    ()......

    21

    Non-civil Service Contract Staff

    4.1999()16000

    ()5

    ()

    ()

    1999(57)

    ()200640043470530

    2006200611002010930

    5200782011297743075

    ()

    ()200611

    200634702006110045704570 30751495

    10%1000

    1000

    60

    36868

    ()

    ()

    12

    24

    Debundling of Textbooks and Teaching and Learning Resources for Pricing

    5.151

    ()

    ()

    ()

    ()

    ()

    ()2010-2011355

    ()()

    2011-201281530%50%

    ()

    4,000351,5002,000

    5

    2,000

    22

    "Coffin-sized Units" and Sub-divided Flat Units for Lease

    6.63300

    ()3

    ()

    ()()

    ()349447

    28202

    12102

    ()3311481

    ()

    8()()

    3

    ()(123)

    ()

    @

    @

    2009

    2010

    2011*

    2009

    2010

    2011*

    2009

    2010

    2011

    2009

    2010

    2011*

    25

    15

    23

    0

    4

    0

    1

    4

    0

    0

    0

    0

    15

    4

    1

    0

    0

    0

    1

    0

    0

    0

    0

    0

    9

    5

    6

    2

    0

    0

    0

    2

    0

    0

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    0

    0

    0

    0

    0

    0

    0

    0

    0

    0

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    0

    0

    0

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    0

    0

    0

    0

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    0

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    2

    14

    2

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    4

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    0

    6

    1

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    0

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    13

    13

    3

    0

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    0

    0

    0

    0

    0

    0

    84

    82

    48

    2

    3

    3

    2

    3

    2

    2

    1

    0

    31

    56

    41

    1

    5

    0

    1

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    2

    0

    0

    0

    4

    1

    0

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    0

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    0

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    5

    9

    0

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    8

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    12

    15

    10

    3

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    243

    160

    70

    28

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    459

    373

    232

    40

    39

    18

    37

    45

    14

    8

    6

    2

    *2011(5)

    @

    56

    11 2011

    12

    312

    82353069101212

    28

    732828

    2012

    (2011-2012)1300

    3001

    1,000

    8

    23

    WRITTEN ANSWERS TO QUESTIONS

    Use of Information Technology in Schools

    7.

    ()

    ()9

    ()155,000484,000

    (i)

    (ii)

    (iii)

    (iv)

    (v)

    (vi)

    (vii)

    ()

    3

    Apprenticeship Scheme

    8.(47)()

    ()3()45

    ()318

    ()3(608)

    ()3

    ()(45)2011-2012

    ()345

    (1)

    (3)

    2008-2009

    2009-2010

    2010-2011

    1.

    11

    12

    8

    2.

    1

    0

    0

    3.

    2

    4

    5

    4.

    1

    1

    1

    5.

    94

    80

    84

    6.

    17

    18

    15

    7.

    0

    1

    2

    8.

    0

    0

    0

    9.

    0

    0

    0

    10.

    49

    42