MONDAY, JULY 30, 1984
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FOREIGN CURRENCY ASSETS AND LIABILITIES
THE NET SPOT FOREIGN CURRENCY LIABILITIES OF THE MONETRY SECTOR REDUCED SLIGHTLY TO $11.3 BILLION AT THE END OF JUNE FROM $12.0 BILLION AT THE END OF MAY. BANKS AND DEPOSIT- TAKING COMPANIES HAD NET SPOT FOREIGN CURRENCY LIABILITIES OF $10.1 BILLION AND $1.2 BILLION RESPECTIVELY.
STATISTICS COLLECTED (ON THE BASIS OF SLIGHTLY DIFFERENT DEFINITIONS) BY THE COMMISSIONER OF BANKING AND DEPOSIT-TAK ING COMPANIES SHOWED THAT THE MONETARY SECTOR HAD NET FORWARD FOREIGN CURRENCY ASSETS OF $32.5 BILLION AT THE END OF JUNË, COMPARED TO $33.4 BILLION AT THE END OF MAY.
LIQUIDITY RATIO
THE AVERAGE LIQUIDITY RATIO (AS DEFINED IN S.18 OF THE BANKING ORDINANCE) FOR ALL BANKS ROSE TO 50.4 PER CENT FROM 49.8 PER CENT IN MAY. THE AVERAGE LIQUIDITY RATIO (AS DEFINED IN S.24 OF THE DEPOSIT-TAK ING COMPANIES ORDINANCES) FOR ALL DEPOSIT- TAKING COMPANIES, HOWEVER, FELL TO 48.9 PER CENT FROM 54:1 PER CENT IN MAY.
NUMBER OF REPORTING INSTITUTIONS
THE NUMBER OF LICENSED BANKS AND LICENSED DEPOSIT-TAKING COMPANIES IN OPERATION, EACH FELL BY ONE, TO 134 AND 29 RESPECTIVELY. THE NUMBER OF REPORTING REGISTERED DEPOSIT-TAKING COMPANIES, HOWEVER, ROSE TO 316, WITH TWO NEW REGISTRATIONS AND ONE REVOCATION AT THE COMPANY'S OWN REQUEST BY THE COMMISSIONER OF DEPOSIT-TAK ING COMPANIES.
SITE SOLD FOR $165 MILLION
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A SITE AT A PRIME LOCATION IN TSIM SHA TSUI EAST WAS SOLD FOR $165 MILLION AT AN AUCTION AT THE HONG KONG ARTS CENTRE TODAY (MONDAY).
THE SITE, MEASURING 5 067 SQUARE METRES, IS FOR NON-INDUSTRIAL DEVELOPMENT, INCLUDING A HOTEL.
IT WAS BOUGHT BY YAU FOOK HONG COMPANY LTD AT $32 564 PER SQUARE METRE.
BIDDING OPENED AT $150 MILLION.
THE PURCHASER HAS THE OPTION TO PAY THE PREMIUM WITH MONETISED LAND EXCHANGE ENTITLEMENTS (LETTERS A/B).
/ANOTHER SITE,