23
FRIDAY, JUNE 17, 1988
AUSTRIAN BANK GRANTED LICENCE
AN AUSTRIAN BANK, CREDITANSTALT-BANKVEREIN, HAS BEEN GRANTED A LICENCE TO CONDUCT BANKING BUSINESS IN HONG KONG. A NOTICE TO THIS EFFECT WAS GAZETTED TODAY (FRIDAY).
A
GOVERNMENT
SPOKESMAN
POINTED
OUT
THAT
WAS
IN THE
WORLD
CREDITANSTALT-BANKVEREIN,
THE LARGEST BANK IN AUSTRIA, ESTABLISHED IN 1855 AND RANKED AS THE 93RD LARGEST BANK AT THE END OF 1986.
AND
"THE BANK CONDUCTS EXTENSIVE BANKING BUSINESS DOMESTICALLY INTERNATIONALLY WITH 170 BRANCHES IN AUSTRIA, LONDON AND NEW YORK; NINE SUBSIDIARY BANKS AND ASSOCIATED COMPANIES AND NINE IN MAJOR INTERNATIONAL BANKING CENTRES,
REPRESENTATIVE OFFICES INCLUDING HONG KONG.
"IT IS THE FIRST AUSTRIAN BANK TO APPLY FOR A LICENCE HERE. THE GRANTING OF THE LICENCE WOULD FURTHER BROADEN HONG KONG'S ROLE AS AN INTERNAATIONAL BANKING CENTRE WHILE THE CONTINUED INTEREST OF FOREIGN BANKS IN ENTERING THE LOCAL MARKET CAN BE SEEN AS ENHANCING THE CONFIDENCE IN HONG KONG, HE SAID.
**
A TOTAL OF 159 BANKS ARE NOW LICENSED IN HONG KONG. OF THESE, 124 ARE BANKS INCORPORATED OUTSIDE THE TERRITORY.
OLYMPIC DAY RUN IN SHA TIN
I
RUN
$
MEN AND WOMEN OF ALL AGES CAN TAKE PART IN THE OLYMPIC DAY HONG KONG 1988 ON THE CYCLE TRACK ALONG THE SHING MUN RIVER IN SHA TIN ON SUNDAY (JUNE 19) MORNING,
HAS
WITH THE SUPPORT OF THE SHA TIN DISTRICT OFFICE, THE EVENT BEEN JOINTLY ORGANISED BY THE SHA TIN SPORTS ASSOCIATION, URBAN COUNCIL, REGIONAL COUNCIL, HONG KONG AMATEUR ATHLETIC ASSOCIATION, INTERNATIONAL OLYMPIC COMMITTEE, AS WELL AS THE AMATEUR SPORTS FEDERATION AND OLYMPIC COMMITTEE OF HONG KONG.
MALES AGED OVER 15 WILL COVER 3.5 KILOMETRES AND ALL OTHER RUNNERS WILL COVER 2.8 KILOMETRES.
THOSE WHO ARE INTERESTED SHOULD REPORT AT THE SHA TIN SPORTS GROUND IN YUEN WO ROAD, SHA TIN, BEFORE 9 AM.
ALL RUNNERS WHO COMPLETE THE ROUTE WILL BE AWARDED CERTIFICATES BY THE AMATEUR SPORTS FEDERATION AND OLYMPIC COMMITTEE OF HONG KONG.
/THE 150