5-
Hong Kong Monetary Authority money market operations
Opening Balance in the account
Closing Balance in the account
Change Attributable to:
Money Market Activity
Laf Today
Time
Cumulative
Change
$ Million
(Hours)
($ Million)
1,814
09:30
+130
1,714
10:00
+130
11:00
+130
+130
11:30
+130
-230
Laf Rate 4% Bid/6% Offer TWI 124.50 *+0.2* 22.6.96
End
Trading fund provides department with greater transparency
The Secretary for Works, Mr Kwong Hon-sang, today (Sunday) said that the administration has identified the Electrical and Mechanical Services Department (EMSD) as a good candidate for transforming into a trading fund through which customers will benefit from better services and more competitive prices.
Staff in the department will also benefit from working and developing their careers in a healthy, dynamic organisation which is able to move forward and adapt itself to meet its clients' changing needs.
"The introduction of the Electrical and Mechanical Services Trading Fund (EMSTF) will serve to enhance the efficiency and productivity of the EMSD in delivering its services for the best interests of the community as a whole," Mr Kwong said.
"As taxpayers, the public will benefit from the better value for money and quality of services provided by the EMSTF at less cost to them."
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