5
WEDNESDAY, FEBRUARY 9, 1994
TAIWAN BANK GRANTED LICENCE
A GOVERNMENT
SPOKESMAN
SAID TODAY
(WEDNESDAY) COMMERCIAL BANK (FCB) HAD BEEN GRANTED A BANKING LICENCE BUSINESS IN HONG KONG.
FIRST THAT то CONDUCT
IT HAS 125
IT IS THE FIFTH LARGEST BANK IN TAIWAN AND RANKS 184TH IN WORLD IN TERMS OF ASSETS. WITHIN TAIWAN.
THE
BRANCHES AND 27
SUB-BRANCHES
OVERSEAS,
IT HAS
BRANCHES
SINGAPORE, FRANKFURT,
LONDON AND LOS ANGELES. IT ALSO MAINTAINS AN AGENCY IN NEW YORK AND A REPRESENTATIVE OFFICE IN TOKYO.
GUAM, IN
IN HONG KONG, FCB HAS BEEN OPERATING A SINCE DECEMBER 1991.
REPRESENTATIVE
IT
OFFICE
ΤΟ
TAIWAN OTHER
WISHES TO UPGRADE THE REPRESENTATIVE OFFICE TO A BRANCH PROVIDE A WIDER RANGE OF BANKING SERVICES TO ITS CUSTOMERS IN
CHINA KONG,
AND WITH HONG BUSINESS TRANSACTIONS WHO HAVE SOUTHEAST ASIAN COUNTRIES.
THE PROPOSED BRANCH WILL CONCENTRATE ON TRADE FINANCING, SYNDICATION, INVESTMENT IN SECURITIES AND FOREIGN EXCHANGE AND MARKET TRANSACTIONS.
LOAN
MONEY
IN
THE SPOKESMAN SAID THE CONTINUING INTEREST OF FOREIGN BANKS
IMPORTANCE ENTERING THE LOCAL MARKET REFLECTED HONG KONG'S CONTINUED AND ATTRACTIVENESS AS A MAJOR INTERNATIONAL FINANCIAL CENTRE.
YEAR.
THE LICENCE FOR FCB IS THE SECOND BANKING LICENCE GRANTED
THIS
THERE ARE NOW 174 LICENSED BANKS IN HONG KONG, OF WHICH 142 ARE INCORPORATED OUTSIDE THE TERRITORY.
PIER PLANNED FOR MA WAN
RECLAMATION AND ASSOCIATED WORKS RELATING TO THE CONSTRUCTION OF A PIER AT PAK WAN, MA WAN ARE EXPECTED TO START IN A FEW MONTHS.
THE WORK IS EXPECTED TO AFFECT 2.12 HECTARES OF SEABED, THE EXTENT OF WHICH IS DESCRIBED IN A NOTICE (WEDNESDAY).
FORESHORE AND GAZETTED TODAY
/ANY PERSON