XN000022-1991-12-20 — Page 21

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FRIDAY, DECEMBER 20, 1991

THEY DISTRIBUTED CHRISTMAS GIFTS TO THE THE JOY OF THE FESTIVE SEASON WITH THEM.

RESIDENTS AND SHARED

THE THREE ORGANISATIONS WERE SIK SIK YUEN HO HING SOCIAL CENTRE FOR THE ELDERLY, FUNG TAK LUTHERAN HOME FOR THE ELDERLY AND CHAN TSENG HEI EARLY EDUCATION TRAINING CENTRE FOR THE SPASTICS ASSOCIATION OF HONG KONG.

BANKING LICENCE GRANTED TO BANK OF KINKI

A GOVERNMENT SPOKESMAN SAID TODAY (FRIDAY) THAT BANK OF KINKI, LTD. HAS BEEN GRANTED A BANKING LICENCE TO CONDUCT BUSINESS IN HONG KONG.

BANK OF KINKI IS THE 49TH LARGEST BANK IN JAPAN, AND RANKS 261ST IN THE WORLD IN TERMS OF CAPITAL.

"PRIOR TO THE GRANTING OF THE BANKING LICENCE, THE BANK OPERATED A REPRESENTATIVE OFFICE IN HONG KONG. THE REPRESENTATIVE OFFICE WILL BE UPGRADED TO A BRANCH, THE SPOKESMAN SAID.

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FOREIGN

"THE CONTINUING INTEREST OF LOCAL MARKET REFLECTED HONG KONG'S CONTINUED INTERNATIONAL FINANCIAL CENTRE, HE SAID.

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BANKS IN ENTERING THE IMPORTANCR AS A MAJOR

THE LICENCE FOR BANK OF KINKI IS THE FOURTH BANKING LICENCE GRANTED THIS YEAR.

THERE ARE NOW 165 LICENSED BANKS IN HONG KONG, OF WHICH 135 ARE INCORPORATED OUTSIDE THE TERRITORY.

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DEPOSIT-TAKING COMPANY REGISTRATION REVOKED

THE COMMISSIONER OF BANKING ANNOUNCED TODAY (FRIDAY) THAT THE REGISTRATION OF ICB FINANCE LIMITED AS A DEPOSIT-TAKING COMPANY HAS BEEN REVOKED AS AT THE CLOSE OF BUSINESS TODAY AT ITS OWN REQUEST UNDER SECTION 31(2) OF THE BANKING ORDINANCE.

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