5
WEDNESDAY, MARCH 31, 1993
HAVE
IT
NOT
IS ESTIMATED THAT, THERE ARE ABOUT THREE MILLION BDTCS WHO APPLIED FOR BN (0) PASSPORTS. THERE WILL ALSO BE A LARGE
NUMBER OF RENEWALS OF BN(0) PASSPORTS DUE IN 1997.
"THIS SORT OF NUMBER WOULD BE QUITE IMPOSSIBLE TO DEAL WITH AT THE LAST MOMENT. THE ADMINISTRATION IS THEREFORE PROPOSING A PHASED PROGRAMME, SIMILAR TO PREVIOUS IDENTITY CARD RE-ISSUE EXERCISES, FOR REGISTERING BDTCS AS BN (0)S AND FOR ISSUING THEM WITH BN (0) PASSPORTS IF THEY WANT THEM," DR VICKERS EXPLAINED.
HK RANKS SIXTH IN GLOBAL FOREIGN EXCHANGE MARKET
A SURVEY REPORT ON GLOBAL FOREIGN EXCHANGE MARKET ACTIVITY J SHOWS THAT AMONG THE 26 PARTICIPATING CENTRES, HONG KONG RANKED SIXTH, FOLLOWING THE UK, USA, JAPAN, SINGAPORE AND SWITZERLAND, SAME RANK AS THE LAST SURVEY IN 1989.
THE REPORT WAS PUBLISHED YESTERDAY (WEDNESDAY) BY THE BANK FOR INTERNATIONAL SETTLEMENTS (BIS).
THE GLOBAL FOREIGN EXCHANGE MARKET SURVEY WAS CONDUCTED IN APRIL 1992.
THE REPORT PRODUCED BY BIS SUMMARISES THE RESULTS OF THE FOREIGN EXCHANGE MARKET SURVEYS IN THE 26 PARTICIPATING CENTRES. IT ALSO INCLUDES AN OVERALL ASSESSMENT OF THE SCALE AND STRUCTURE OF GLOBAL FOREIGN EXCHANGE MARKET TRANSACTION.
THE
DOUBLE- EXCHANGE
"OF AN ESTIMATED GLOBAL DAILY NET TURNOVER OF US$880 BILLION (I.E. ADJUSTED FOR BOTH INTER-DEALER AND CROSS-BORDER COUNTING), AROUND SEVEN PER CENT INVOLVED THE FOREIGN MARKET OF HONG KONG, A GOVERNMENT SPOKESMAN SAID.
"
KONG, IN
OF
"THE PATTERN OF FOREIGN EXCHANGE ACTIVITIES IN HONG TERMS OF CURRENCY COMPOSITION, COUNTERPARTY ANALYSIS AND TYPES TRANSACTION, 18 BROADLY CONSISTENT WITH THAT OF THE GLOBAL POREIGN EXCHANGE TRANSACTIONS," HE ADDED.
THE MAJOR FINDINGS OF THE HONG KONG SURVEY ARE SET OUT IN A SPECIAL REVIEW ARTICLE IN THE SEPTEMBER 1992 ISSUE OF THE HONG KONG MONTHLY DIGEST OF STATISTICS.
ARE
LIMITED COPIES OF THE BIS REPORT ARE AVAILABLE TO PROFESSIONALLY INTERESTED. THOSE WHO WISH TO REQUEST A COPY
PEOPLE
WHO
CAN
WRITE TO:
MONETARY STATISTICS UNIT,
HONG KONG MONETARY AUTHORITY, ADMIRALTY CENTRE, TOWER 1, ROOM 1804, 18, HARCOURT RD HONG KONG,
• 1
/TRALE I