1
FRIDAY, JANUARY 15, 1988
A GOVERNMENT SPOKESMAN EXPLAINED THAT APPLICATIONS FOR BANKING ONE OF WHICH LICENCES ARE JUDGED AGAINST CERTAIN SPECIFIED CRITERIA, IS SIZE AS MEASURED BY TOTAL ASSETS (LESS CONTRA ITEMS) FOR FOREIGN
ITEMS) AND DEPOSITS APPLICANTS, AND TOTAL ASSETS (LESS CONTRA THE PUBLIC FOR LOCAL APPLICANTS.
FROM
AND THE SIZE CRITERIA FOR BOTH FOREIGN
LOCAL APPLICANTS ARE
SUBJECT TO ANNUAL REVIEW.
"THE 1987 REVIEW HAS BEEN COMPLETED AND SHOULD BE NO CHANGE TO THE SIZE CRITERIA, THE SPOKESMAN SAID.
"I
CONCLUDED THAT THERE
SWEDISH BANK GRANTED LICENCE
A SWEDISH BANK, SKANDINAVISKA
ENSKILDA BANKEN, HAS BEEN
GRANTED A BANKING LICENCE ΤΟ CONDUCT BUSINESS IN HONG KONG, A GOVERNMENT SPOKESMAN SAID TODAY (FRIDAY).
THIS IS THE FIRST BANKING LICENCE GRANTED THIS YEAR AND IS ALSO THE FIRST LICENCE GRANTED TO A SWEDISH BANK.
SKANDINAVISKA ENSKILDA BANKEN IS THE LARGEST
BANK IN SWEDEN. IT HAS HAD A PRESENCE IN HONG KONG IN THE FORM OF A REPRESENTATIVE OFFICE SINCE 1983.
THE SPOKESMAN SAID THAT THE CONTINUING INTEREST OF FOREIGN BANKS IN OBTAINING HONG KONG BANKING LICENCES REFLECTED THE TERRITORY'S ROLE AS A MAJOR INTERNATIONAL FINANCIAL CENTRE.
THE GRANTING OF THIS LICENCE BRINGS THE TOTAL NUMBER OF LICENSED BANKS IN HONG KONG TO 156 OF WHICH 121 ARE INCORPORATED OUTSIDE HONG KONG.
TEACHERS NEED NEW IDEAS AND TEACHING TECHNIQUES
NEED TEACHERS NOT ONLY
FIRM THEORETICAL BASES TO APPROACHI PRACTICE THEIR WORK SYSTEMATICALLY AND EFFICIENTLY BUT ALSO PLENTY OF
SCHOOL IN IMPLEMENTING NEW IDEAS AND TEACHING TECHNIQUES, DIRECTOR OF
OF THE OF EDUCATION
CHINESE UNIVERSITY
PROFESSOR OF HONG KONG, S.W. TAM, SAID TODAY (FRIDAY).
PROF TAM WAS SPEAKING AT THE JOINT Graduation CEREMONY AND THE
11TH TEACHERS RESPECTIVELY
THIRD REFRESHER
AT THE
LANGUAGE IN EDUCATION (ILE).
AND PRIMARY
OF THE SECONDARY
COURSE FOR EDUCATION DEPARTMENT'S INSTITUTE OF
/HE SAID
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