WEDNESDAY, JUNE 1, 1994
DIRECTOR HU CONFIRMED THAT THE CORRESPONDING WORKS IN HONG KONG TO RECEIVE THE INCREASED SUPPLY WERE ON SCHEDULE.
RECENT CONCERNS RAISED BY WATER USERS IN HONG KONG HAD BEEN DEALT WITH BY CLOSE CO-OPERATION BETWEEN TECHNICAL EXPERTS OF BOTH SIDES.
סיוי
DIRECTOR GUAN MADE SPECIAL REFERENCE
THE LONG-TERM AND SHORT-TERM MEASURES BEING TAKEN BY THE GUANGDONG PROVINCIAL PEOPLE'S GOVERNMENT FOR IMPLEMENTATION THROUGH THE BUREAU, ENVIRONMENTAL PROTECTION DEPARTMENT AND LOCAL AUTHORITIES, TO FROTECT WATER RESOURCES IN THE FAST RIVER AND EN-ROUTE THE DONG-SHEN WATER SUPPLY SCHEME FROM POLLUTION WITH A VIEW TO ENHANCING THE QUALITY OF WATER SUPPLY TO HONG KONG.
APPRECIATION
TO DIRECTOR GUAN FOR THE MEETING THE WATER
MR BLAKP EXPRESSED CONTINUED ATTENTION BY THE GUANGDONG BUREAU J N NEEDS OF HONG KONG.
HK MONETARY AUTHORITY PUBLISHES FIRST REPORT
THE FIRST ANNUAL REPORT OF THE HONG KONG MONETARY AUTHORITY (HKMA), ESTABLISHED ON APRIL 1, 1993, IS PUBLISHED AND TABLED IN LEGISLATIVE COUNCIL TODAY (WEDNESDAY).
THE
THE REPORT. RUNNING TO ALMOST A HUNDRED PAGES, CONTAINS A CONSIDERABLE AMOUNT OF INFORMATION ON HONG KONG'S MONETARY AND BANKING SYSTEMS, THE CURRENCY AND THE EXCHANGE FUND. IT ALSO CONTAINS CLEAR DESCRIPTIONS OF THE HKMA'S FUNCTIONS AND HOW THEY ARE PERFORMED.
"THE HKMA'S PHILOSOPHY OF OPERATIONS IS TO BE OPEN, FAIR AND TRANSPARENT, AND ΤΟ BE ACCOUNTABLE FOR ITS ACTIONS, THE CHIEF EXECUTIVE OF THE HKMA, MR JOSEPH YAM, SAID IN
PRESS CONFERENCE TODAY.
A
IN THE ANNUAL REPORT, MR YAM PLEDGED THAT HIS TEAM OF PEOPLE IN THE HKMA WOULD DO THEIR BEST TO WORK FOR THE STABILITY AND PROSPERITY OF HONG KONG IN THE IMPORTANT AND HISTORICAL TRANSITIONAL PERIOD LEADING UP TO 1997 AND BEYOND.
HE ALSO QUOTED CLEAR
STATEMENTS OF SUPPORT AND RECOGNITION FROM THE CENTRAL BANKS OF BOTH BRITAIN AND CHINA OF THE HKMA AND ITS ROLE AS THE RESPONSIBLE MONETARY AUTHORITY IN HONG KONG BEFORE AND AFTER 1997.
IN REVIEWING THE WORK OF THE HKMA LAST YEAR, MR YAM SAID HE WAS HAPPY то REPORT THAT THE EXCHANGE RATE HAD REMAINED STABLE AT VERY CLOSE TO HK$7.80 ΤΟ THE US DOLLAR THROUGHOUT 1993. AS THE STABILITY WAS ONE OF THE IMPORTANT
MAINTENANCE OF EXCHANGE
TASKS OF THE HKMA.
RATE
/ON THE
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