He said the government was pleased with the market response to its Exchange Fund Bills.
The government Exchange Fund launched a weekly 91-day bill in March 1990. It introduced a 182-day bill in October 1990, issued every other week, and a 364-day bill earlier this month, issued once a month.
SE
All issues have been oversubscribed, which financial industry sources said means investors regard the bills high-quality and a step toward developing a market for government issues in Hong Kong.
ars
Some 8.84 billion dollars (1.13 billion U.S.) worth of bills now outstanding, or still in the hands of investors, which
markets enthusiasts also regarded as encouraging.
capital
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