XN000022-1991-05-03 — Page 6

3

FRIDAY, MAY 3, 1991

1991,

AIMS

"AS AN EXAMPLE, THE BANKING (AMENDMENT) (NO. 2) BILL WHICH WILL BE INTRODUCED INTO THE LEGISLATIVE COUNCIL SHORTLY, AT AMENDING THE PROVISIONS IN THE BANKING ORDINANCE GOVERNING LARGE EXPOSURE LIMITS ΤΟ BRING THE REGULATORY REGIME INTO LINE WITH RECOMMENDATIONS OF THE BASLE COMMITTEE, HE SAID.

-

BY

MR NENDICK POINTED OUT THAT THE ACQUISITION OF A NEW OFFICE THE FIRST PACIFIC BANCSHARES GROUP REFLECTED THE GROUP'S CONTINUING COMMITMENT TO HONG KONG.

REFUGEE CO-ORDINATOR WELCOMES U.S. STATEMENT ON VM'S

*

IN RESPONSE TO PRESS ENQUIRIES TODAY (FRIDAY), THE REFUGEE CO-ORDINATOR, MR CLINTON LEEKS, WELCOMED THE STATEMENT ISSUED BY THE STATES DEPARTMENT OF THE UNITED STATES WHICH QUASHED RUMOURS THAT VIETNAMESE MIGRANTS STRANDED IN FIRST ASYLUM TERRITORIES MIGHT BE ABLE TO GO TO KUWAIT FOR ITS POST-WAR RECONSTRUCTION.

SUCH RUMOURS ONLY RAISED FALSE HOPES AMONG THE VIETNAMESE, WITH THE CRUEL EFFECT THAT SOME VIETNAMESE MIGHT BE MISLED INTO FLEEING VIETNAM, ONLY ΤΟ

THEMSELVES TN DETENTION CENTRES WITHOUT ANY PROSPECT OF OVERSEAS RESETTLEMENT.

FIND

AS HAS BEEN MADE VERY CLEAR BY THE STEERING IN GENEVA, THE ONLY PROSPECT AWAITING NON-REFUGEES VIETNAM, HE SAID.

COMMITTEE MEETING IS TO RETURN ΤΟ

HONG KONG GOVERNMENT EXCHANGE FUND

MONEY MARKET OPERATIONS

CLOSING BALANCE IN THE ACCOUNT ON

EFFECT OF FORWARDS TO BE SETTLED ON

EFFECT OF OPERATIONS THIS MORNING

EFFECT OF OPERATIONS THIS AFTERNOON

TRADE WEIGHTED INDEX 112.2 +0.0*

3.5.91

HKEF

DATE

$ MILLION

2.5.91

480

3.5.91

-40

+40

NEUTRAL

PHONG KONG

+