FRIDAY, JANUARY 15, 1988
8
HK DELEGATION TO ATTEND BUSINESS SUMMIT
HONG KONG IS TO BE REPRESENTED BY A TOP-LEVEL DELEGATION AT AN EXCLUSIVE WORLD BUSINESS SUMMIT TO BE HELD IN SWITZERLAND SOON.
THE DELEGATION WILL BE LED BY THE CHAIRMAN OF THE HONG KONG TRADE DEVELOPMENT COUNCIL, MISS LYDIA DUNN.
THE CONFERENCE IS THE WORLD ECONOMIC FORUM IN DAVOS, SWITZERLAND, WHICH BRINGS TOGETHER HIGH-RANK 1 NG BUSINESS AND OTHER LEADERS. IT WILL RUN FROM JANUARY 28 TO FEBRUARY 3.
THE MEETING AIMS TO ALLOW LEADERS FROM MANY COUNTRIES TO DET TOGETHER TO SHARE INFORMATION, OPINIONS AND EXPERTISE, AND TO DISCUSS BUSINESS, TRADING AND OTHER WORLD AFFAIRS.
THE SECRETARY FOR TRADE AND INDUSTRY, MR HAMISH MACLEOD, WHO WILL BE A MEMBER OF THE DELEGATION SAID HE WAS PLEASED THAT HONG KONG HAD BEEN INVITED TO TAKE PART.
THE ECONOMIST MAGAZINE HAS DESCRIBED THE DAVOS MEETING AS "PROBABLY THE HARDEST WORKING AND CERTAINLY ONE OF THE BEST ORGANISED" OF THE VARIOUS SIMILAR INTERNATIONAL GATHERINGS.
IN RECENT YEARS THE CONFERENCE HAS BEEN ATTENDED BY INDIVIDUALS SUCH AS MR AUDEN W. CLAUSEN, PRESIDENT OF THE WORLD BANK: MR SHRIDATH RAMPITAL, SECRETARY GENERAL OF THE COMMONWEALTH; MR CLAYTON YEUTTER, UNITED STATES TRADE REPRESENTATIVE; AND PRIME MINISTERS AND MINISTERS FROM AROUND THE WORLD.
THE OTHER MEMBERS OF THE HONG KONG DELEGATION WILL. BE: MR MARTIN BARROW, DIRECTOR, JARDINE MATHESON AND COMPANY; MR CHRISTOPHER CHENG, MANAGING DIRECTOR, WING TAI EXPORTERS; DR VICTOR FUNG, CHAIRMAN, PRUDENTIAL ASIA; MR {1.M.P. MILES, CHAIRMAN JOHN SWIRE AND SONS (IR) LTD; MR DAVID WONG, CHAIRMAN, DAH SING BANK; AND MR IAN HOWARD, ASSISTANT DIRECTOR, HONG KONG GOVERNMENT INDUSTRY DEPARTMENT.
·
NO CHANGE TO SIZE CRITERIA FOR BANKING LICENCE APPLICATIONS
FOREIGN UNCHANGED
THE SIZE CRITERIA FOR BANKING LICENCE APPLICATIONS FOR
INCORPORATED COMPANIES ARE TO REMAIN BANKS AND LOCALLY FOLLOWING THE LATEST ANNUAL REVIEW BY THE MONETARY AFFAIRS BRANCH.
REMAINS AT US$ 14
THE APPLICANTS,
SIZE TOTAL ASSETS AND AT
BILLION
FOREIGN FOR CRITERIA REMAIN AT MILLION FOR HK$1,750
THRESHOLD THE ASSET
FOR LOCAL APPLICANTS.
FOR HK$2, 500 MILLION DEPOSITS FROM THE PUBLIC.
/A GOVERNMENT
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