THURSDAY, APRIL 12, 1990
12
TWO BANKING LICENCES GRANTED
* *
NISHI-NIPPON BANK, LIMITED AND
ΤΟ CONDUCT BANKING LICENCES GRANTED GOVERNMENT SPOKESMAN SAID TODAY (THURSDAY).
RABOBANK NEDERLAND HAVE BEEN
BUSINESS IN HONG
A KONG,
IN JAPAN,
IS THE
NISHI-NIPPON BANK, LIMITED IS THE 40TH LARGEST BANK
BY CAPITAL. RABOBANK NEDERLAND AND THE 240TH IN THE WORLD LARGEST BANK IN THE NETHERLANDS AND THE 30TH IN THE WORLD BY CAPITAL.
THEY HAVE OPERATED A REPRESENTATIVE OFFICE IN HONG 1985 AND 1986 RESPECTIVELY.
KONG SINCE
IN
THE SPOKESMAN SAID THE CONTINUING INTEREST OF FOREIGN BANKS
ROLE AS A MAJOR ENTERING THE LOCAL MARKET INTERNATIONAL FINANCIAL CENTRE.
REFLECTED
HONG KONG'S
OF HONG KONG'S BILATERAL
"GIVEN THE IMPORTANCE
TRADE
WITH HAVE JAPAN AND THE NETHERLANDS, IT IS DESIRABLE THAT THESE COUNTRIES
OF HONG KONG," HE APPROPRIATE REPRESENTATION IN THE BANKING SECTOR
SAID.
THE OF
LICENCES BRINGS THE
OF TOTAL NUMBER 135 ARE INCORPORATED OUTSIDE HONG
THE GRANTING LICENSED BANKS TO 166, OF WHICH KONG.
THE LICENCES ARE THE FIRST TWO GRANTED THIS YEAR.
SALE OF EXCHANGE FUND'S REMAINING HK TELECOM SHARES
FOR MONETARY
MR AFFAIRS,
―
THE SECRETARY
DAVID NENDICK,
SALE OF THE ANNOUNCED THAT THE AGREEMENT REACHED ON APRIL 3 FOR THE
SHAREHOLDING FUND'S REMAINING
IN HONG KONG WHOLE OF THE EXCHANGE
AMOUNTING TO 377,544,752 TELECOMMUNICATIONS LIMITED ("HK TELECOM"}
OF THE ISSUED SHARE SHARES REPRESENTING APPROXIMATELY 3.4 PER CENT
A LEADING CAPITAL OF HK TELECOM TO SMITH NEW COURT SECURITIES PLC,
FOR A TOTAL HOUSE,
CONSIDERATION OF APPROXIMATELY UK SECURITIES $1.85 BILLION, WAS COMPLETED TODAY (THURSDAY).
—
AFTER THIS TRANSACTION, THE EXCHANGE FUND WILL NO ANY EQUITY INTERESTS IN HK TELECOM.
LONGER HAVE
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