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JLG expert group meets on preparation of transitional Budget
The Sino-British Joint Liaison Group will hold their sixth round of expert talks on January 30 to February 1 in Hong Kong to discuss the preparation of Hong Kong's transitional Budget and related matters.
The British team will be led by Mr K C Kwong, Secretary for the Treasury of the Hong Kong Government. The Chinese team will be led by Mr Chen Zuo'er, Chinese Representative on the Sino-British Joint Liaison Group. They will be assisted by experts.
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JLG expert talks on international agreements
Experts from the Sino-British Joint Liaison Group will meet in Hong Kong on January 30, 1996 to discuss the mechanism for application of international agreements to Hong Kong. The British team leader will be Mr James Hanratty, Acting Law Officer (International Law). The Chinese team leader will be Chinese Representative Mr Wang Weiyang.
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Disclosure of balance sheet inner reserves
The Hong Kong Monetary Authority (HKMA) announced today (Monday) that the forthcoming disclosure of balance sheet inner reserves should be viewed in the context of the overall capital strength of banks in Hong Kong.
Pursuant to the HKMA's recommendation, banks in Hong Kong which have not already done so will disclose their balance sheet inner reserves in their 1995 accounts which will be published over the next few months. The purpose of this statement is to assist in the interpretation of the forthcoming disclosures.