Non-official members are appointed on an ad persona basis and include Mr Carlos Genardini of Motorola Semiconductor, Mr Gabriel Kow of Glaxo Wellcome, Mr Patrick Wang of Johnson Electric, Mr Norman Yuen of Hong Kong Telecom, Professor Charles Kao, Professor Arthur Li of the Chinese University of Hong Kong, Professor Woo Chia-wei of Hong Kong University of Science and Technology, Mr Joseph Pang of the Bank of Far East and Mr Keith Kerr of Swire Properties.
Apart from the Industry Department, the Finance Branch, the Trade and Industry Branch, the Architectural Services Department, the Lands Department and the Planning Department are represented in the Planning Committee.
"The planning committee plays an important role in paving the way for proceeding further with the science park project.
"We have a strong team from the various relevant sectors to undertake the task. We hope to hold the first meeting of the Planning Committee in February," said Mr Ho.
End
Foreign exchange reserves to be published monthly
The Hong Kong Monetary Authority (HKMA) announced today the latest figures on Hong Kong's foreign reserves held in the Exchange Fund.
As at the end of December 1996, Hong Kong's foreign reserves stood at US$63.8 billion, representing an increase of 15% over the corresponding figure as at the end of 1995 of US$55.4 billion.
On this basis, Hong Kong has maintained its seventh position in the world ranking of foreign reserves holdings.
Including forward transactions to be settled, Hong Kong's foreign reserves at the end of 1996 were US$69.6 billion, 22% higher than the US$57.2 billion recorded for the end of 1995.
Fund.
All these figures do not include Hong Kong's foreign reserves held in the Land
The HKMA also announced that figures on foreign reserves held in the Exchange Fund will from now on be released on a monthly basis.
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