MONDAY, SEPTEMBER 2, 1985
GOVERNOR OPENS SHANGHAI INDUSTRIAL FAIR
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THE GOVERNOR, SIR EDWARD YOUDE, AND THE CONSULTANT OF THE PEOPLE'S GOVERNMENT OF SHANGHAI, MR WANG DAOHAN, TODAY (MONDAY) CUT THE RIBBON AT THE OPENING CEREMONY OF THE SHANGHAI INDUSTRIAL PRODUCT TRADE FAIR.
THE CEREMONY WAS HELD AT THE HONG KONG EXHIBITION CENTRE AT HARBOUR ROAD, WAN CHAI.
CALL ON GOVERNOR
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THE DEPUTY MAYOR OF SHANGHAI, MR LI ZHAOJI, AND THE CONSULTANT TO THE PEOPLE'S GOVERNMENT OF SHANGHAI, MR WANG DAOHAN, PAID A COURTESY CALL ON THE GOVERNOR, SIR EDWARD YOUDE, THIS (MONDAY) MORNING.
MR LI AND MR WANG ARE LEADING AN ECONOMIC AND TRADE MISSION TO HONG KONG TO ATTEND THE SHANGHAI INDUSTRIAL PRODUCT TRADE FAIR TO BE HELD FROM SEPTEMBER 3 TO 8 AT THE HONG KONG EXHIBITION CENTRE.
THE FAIR WILL BE OPENED BY THE GOVERNOR, MR LI ZHAOJI AND MR WANG DAOHAN LATER TODAY.
JULY MONETARY STATISTICS RELEASED ******
FOREIGN CURRENCY DEPOSITS CONTINUED TO GROW AT MORE RAPID RATES THAN HONG KONG DOLLAR DEPOSITS IN JULY, ACCORDING TO MONETARY STATISTICS PUBLISHED TODAY (MONDAY).
HIGHER INTEREST RATES FOR THE U.S. DOLLAR HAVE ENCOURAGED DEPOSITORS TO FURTHER SWITCH FROM HONG KONG DOLLARS TO U.S. DOLLARS. THERE WAS ALSO SIGNIFICANT SWITCHING INTO OTHER FOREIGN CURRENCIES.
MONEY SUPPLY ON ALL DEFINITIONS CONTINUED TO INCREASE MODERATELY. WITH THE EXCEPTION OF THE NARROWEST DEFINITION OF MONEY SUPPLY M1, HONG KONG DOLLAR MONEY SUPPLY CONTINUED TO RECORD SLOWER GROWTH COMPARED WITH TOTAL MONEY SUPPLY.
LOAN DEMAND SHOWED A MARGINAL DECLINE IN JULY. LOANS TO FINANCE VISIBLE TRADE OF HONG KONG FELL FURTHER BUT OTHER LOANS FOR USE IN HONG KONG CONTINUED TO INCREASE.
/DEPOSITS