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19
(III) Financial links between Hong Kong and China
(a)
Financial
China
transactions between Hong Kong and
28.
Cross-border
the third quarter.
by 5% during the
end-September 1990.
during the third
end-September
1990.
inter-bank activities accelerated in
Liabilities to China's banks increased
quarter and by 25% compared with
Claims on China's banks grew by 11%
quarter and by 45% compared with
Meanwhile, claims on China's
non-banking sector fell further, by 2% during the third
quarter and by 7% compared with end-September 1990. These
developments are shown in the following table:
External liabilities to and claims on China in respect of Hong Kong's authorized institutions
As at end of
banks
(HK$Mn)
Claims
on
Growth China's rate
Growth
Growth rate Claims rate Liabilities during
during non- during to China's the China's the banking the
on
quarter banks quarter sector quarter (*) (HK$Mn) (%) (HK$Mn) (%)
1990 01
82,142
4
49,020
15
47,791
-2
Q2
95,311
16
61,195
25
49,246
3
Q3
102,480
8
66,769
9
49,206
*
Q4
116,539
14
70,386
5
50,420
2
1991 Q1
119,085
Q2 122,051
Q3
128,162
225
2
79,679
13
50,300
*
2
87,129
9
47.188
-6
5
96,672
11
46,026
-2
* Decrease of less than 0.5%.
(b) Fund-raising in Hong Kong
activities in Hong Kong
29.
for
The recent fund-raising
financing projects in China
have
attracted a wider
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