3.
3 -
In April 1993, the Office of the Commissioner of Banking was merged with the Office of the Exchange Fund to form HKMA and Mr Carse has since assumed his current position, responsible for banking supervision and policy issues.
As a consequence of the extension, he will be resigning from the Bank of England.
"The extension of Mr Carse's contract will ensure continuity and a smooth transition for the banking arm of the HKMA in the run-up to and beyond 1997," said HKMA Chief Executive, Mr Joseph Yam.
"Mr Carse has played an important role in strengthening the banking supervisory regime in Hong Kong over the past five years. We at the HKMA are very pleased to be able to continue to benefit from his experience and expertise."
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Director-General of Trade to visit Beijing and Dalian
The Director-General of Trade, Mr Alan Lai, left for a four-day visit to Beijing and Dalian today (Tuesday).
In Beijing, Mr Lai will call on officials in China's Customs General Administration, the Hong Kong and Macau Office, the State Planning Commission, the Ministry of Foreign Trade and Economic Co-operation, and the Ministry of Foreign Affairs to exchange views on matters of mutual interest.
He will also visit Dalian to gain a better understanding of the latest developments of the city.
"I hope the visit will further the contacts the Trade Department has established with corresponding authorities in Beijing, and facilitate the exchange of views on various trade and economic issues of mutual interest," Mr Lai said.
Mr Lai will be accompanied by the Deputy Director-General of Trade, Mrs Rebecca Lai; the Assistant Director-General of Trade, Mr Edward Yau; the Principal Assistant Secretary for Trade and Industry, Ms Salina Yan; and other officials from the Trade Department.
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