- 22 -
"Most customers of paging service will benefit from this reduction of fee," a spokesman for the Office of the Telecommunications Authority said.
"Operators will not be allowed to collect a licence fee higher than that specified in the law. Where the licence fees are absorbed by some operators, we will encourage them to pass the benefit back to the customers."
End/Thursday, May 11, 1995
Hong Kong Monetary Authority money market operations
Cumulative
Time
change
$ million (hours)
($million)
Opening balance in the account
2,404
0930
+109
Closing balance in the account
2,506
1000
+109
Change attributable to:
1100
+129
Money market activity
+132
1200
+-129
LAF today
-30
1500
+132
1600
+132
LAF rate 4.25% bid/6.25% offer TWI 118.2 *+0.2* 11.5.95
EF bills
Hong Kong Monetary Authority
EF notes/Hong Kong Government bonds
Terms
Yield
Term
Issue Coupon
Price
Yield
1 week
5.59
19 months
6.90 2611
101.19
6.16
1 month
5.59
22 months
2702
7.50
102.21
6.26
3 months
5.68
30 months
3710
7.25
101.87
6.52
6 months
5.78
36 months
3804
6.90
100.82
6.70
12 months
5.91
59 months
5003
7.75
102.74
7.20
Total turnover of bills and bonds - $19,515 million
Closed May 11, 1995
End/Thursday, May 11, 1995
·