FRIDAY, OCTOBER 8, 1993
21
TAIWANESE BANK GRANTED LICENCE
A GOVERNMENT SPOKESMAN SAID TODAY (FRIDAY) THAT THE BANK OF TAIWAN HAD BEEN GRANTED A BANKING LICENCE TO CONDUCT BUSINESS IN HONG KONG.
THE BANK OF TAIWAN IS THE SECOND LARGEST COMMERCIAL BANK IN TAIWAN, AND RANKS 159TH IN THE WORLD IN TERMS OF CAPITAL.
BEFORE THE GRANT OF THE LICENCE, REPRESENTATIVE OFFICE SINCE 1992.
THE BANK HAS BEEN OPERATING A
THE NEW BRANCH WILL ENABLE THE BANK TO OFFER A WIDER RANGE OF BANKING SERVICES TO ITS CUSTOMERS, WHO HAVE BUSINESS TRANSACTIONS IN TAIWAN, HONG KONG AND THE MAINLAND.
THE ENTRY OF BANK RAISES THE LICENSED BANKING POPULATION IN HONG KONG TO 170, OF WHICH 138 ARE INCORPORATED OUTSIDE THE TERRITORY.
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VOLUME AND PRICE MOVEMENTS OF EXTERNAL TRADE IN JULY 1993
IN THE FIRST SEVEN MONTHS OF 1993, THE VOLUME OF DOMESTIC EXPORTS DECREASED BY 3.3% AS COMPARED WITH THE SAME PERIOD LAST YEAR, WHILE THAT OF RE-EXPORTS RECORDED A SIGNIFICANT INCREASE OF 23%, ACCORDING TO THE STATISTICS RELEASED TODAY (FRIDAY) BY THE CENSUS STATISTICS DEPARTMENT.
AND
OF
TAKING DOMESTIC EXPORTS AND RE-EXPORTS TOGETHER, THE VOLUME TOTAL EXPORTS INCREASED BY 16%. IMPORTS ALSO INCREASED BY 16% IN
VOLUME.
THE GROWTH IN THE VOLUME OF TRADE IS DERIVED FROM THE GROWTH IN TRADE VALUES WITH THE EFFECT OF PRICE CHANGES BEING DISCOUNTED.
AS REGARDS PRICE CHANGES OVER THE SAME PERIOD OF COMPARISON + THE PRICES OF DOMESTIC EXPORTS AND RE-EXPORTS BOTH REMAINED VIRTUALLY UNCHANGED, IMPORT PRICES DECREASED BY 0.8%.
WHICH
PRICE CHANGES ARE REFLECTED BY CHANGES IN UNIT VALUE ARE COMPILED BASED ON AVERAGE UNIT VALUES OR, FOR
COMMODITIES, BASED ON SPECIFIC PRICE DATA.
INDICES, CERTAIN
THE TERMS OF TRADE INDEX, DEFINED AS THE RATIO OF TOTAL EXPORT PRICE INDEX TO IMPORT PRICE INDEX, INCREASED SLIGHTLY BY 0.7% IN THE FIRST SEVEN MONTHS OF 1993 AS COMPARED WITH THE SAME PERIOD LAST YEAR.
/TAKING JULY