3
FRIDAY, MAY 3, 1991
1991,
LARGE
"AS AN EXAMPLE, THE BANKING { AMENDMENT) [NO. 2) BILL WHICH WILL BE INTRODUCED INTO THE LEGISLATIVE COUNCIL SHORTLY, AIMS AT AMENDING THE PROVISIONS IN THE BANKING ORDINANCE GOVERNING EXPOSURE LIMITS ΤΟ BRING THE REGULATORY REGIME INTO LINE WITH RECOMMENDATIONS OF THE BASLE COMMITTEE, HE SAID.
"I
BY
MR NENDICK POINTED OUT THAT THE ACQUISITION OF A NEW OFFICE THE FIRST PACIFIC BANCSHARES GROUP REFLECTED THE GROUP'S CONTINUING COMMITMENT TO HONG KONG,
REFUGEE CO-ORDINATOR WELCOMES U.S. STATEMENT ON VM'S
IN RESPONSE TO PRESS ENQUIRIES TODAY (FRIDAY), THE REFUGEE CO-ORDINATOR, MR CLINTON LEEKS, WELCOMED THE STATEMENT ISSUED BY THE STATES DEPARTMENT OF THE UNITED STATES WHICH QUASHED RUMOURS THAT VIETNAMESE MIGRANTS STRANDED IN FIRST ASYLUM TERRITORIES MIGHT BE
ABLE TO GO TO KUWAIT FOR ITS POST-WAR RECONSTRUCTION.
SUCH RUMOURS ONLY RAISED FALSE HOPES AMONG THE VIETNAMESE, WITH THE CRUEL EFFECT THAT SOME VIETNAMESE MIGHT BE MISLED INTO FLEEING VIETNAM, ONLY ΤΟ FIND THEMSELVES IN DETENTION CENTRES WITHOUT ANY PROSPECT OF OVERSEAS RESETTLEMENT.
AS HAS BEEN MADE VERY CLEAR BY THE STEERING IN GENEVA, THE ONLY PROSPECT AWAITING NON-REFUGEES VIETNAM, HE SAID.
COMMITTEE MEETING IS TO RETURN TO
HONG KONG GOVERNMENT EXCHANGE FUND
MONEY MARKET OPERATIONS
HKEF
DATE
MILLION
CLOSING BALANCE IN THE ACCOUNT ON
EFFECT OF FORWARDS TO BE SETTLED ON
EFFECT OF OPERATIONS THIS MORNING
2.5.91
480
3.5.91
-40
+40
EFFECT OF OPERATIONS THIS AFTERNOON
NEUTRAL
TRADE WEIGHTED INDEX 112.2 *+0.0* 3.5.91
PHONG KONG
T