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Public Policy Forum International Held
the Third Lecture
By Hu Jun
PKU NEWS 2004—12—04
http://ennews.pku.edu.cn/news.php?s=102467525
Peking University, Beijing, Dec 4th, 2004: Mr. Stephen Haddrill, Director General of
the Department of Trade and Industry's Fair Markets Group UK, spoke on
"Governance Globalization and Marketization‖ in the Sunshine Hall of Yingjie
Exchange Center last Saturday Morning, finishing the third lecture of International
Forum on Public Policy as well as one of the "Sino-British Public Administration
Visiting Lecture Program".
The lecture mainly discussed governance over market especially the financial
market in the globalizing world. Mr. Haddrill appealed to a regulating institute
independent from government departments to enforce regulating laws. He stressed
that the regulating institutes must stay independent and operate transparently while
the laws must be sound enough to set rules and legal frameworks for competition
and corporation in the market. ―When we do change the law, we should do so in a
way that ensures that the law can be interpreted in future in the light of changes in
the capital market.‖ Mr. Haddrill said.
Mr. Haddrill also introduced British market regulating structure and experience
through which he advocated the separation between powers of decision and
enforcement to reduce the danger of power abuse. The government must learn to
cooperate with enterprises to reach consensus and create a sound market
environment, he said. Mr. Haddrill also noticed that the highly institutionalized model
of UK would not fit into other countries and nation states are suggested to work out
regulating models featured with their own characteristics.
In the end, Mr. Haddrill shared his understanding of China‘s market regulating and
challenges from globalization. He also answered several questions from the
audience on how to prevent the corruption of regulating institutes, how to build
benign relations between government and companies in China and independent
directors on board in Britain.
Mr. Stephen Haddrill, a graduate of history and economics from Oxford University
with more than twenty years‘ experience with public policy and governance in British
and Hong Kong government, came to speak at PKU at the joint invitation of British
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