XN000022-1994-01-25 — Page 9

TUESDAY, JANUARY 25, 1994

14TH ANNUAL BORDER REVIEW TO BE HELD IN HK

*

PEIRCE, A THE FOREIGN MR CHAO FOR

AT THE INVITATION OF THE POLITICAL ADVISER, MR RN GUANGDONG GOVERNMENT DELEGATION LED BY THE DIRECTOR OF

PROVINCIAL GOVERNMENT, AFFAIRS OFFICE OF THE GUANGDONG ZHENWEI, WILL VISIT HONG KONG FROM TOMORROW (WEDNESDAY) TO FRIDAY THE 14TH ANNUAL BORDER REVIEW.

CROSS-BORDER LIAISON

TALKS WILL BE HELD TOMORROW TO REVIEW ARRANGEMENTS AND PRACTICAL CO-OPERATION OVER THE PAST YEAR AND DISCUSS WAYS OF STRENGTHENING THESE ARRANGEMENTS AND CO-OPERATION.

ATTENTION NEWS EDITORS:

A PHOTO CALL WILL BE ARRANGED FOR THE MEDIA BEFORE THE WHICH WILL BE HELD AT 28, KENNEDY ROAD BEGINNING AT 9.15 AM,

MEDIA MEMBERS COVERING THE EVENT SHOULD ARRIVE AT ROAD BEFORE 9 AM.

0

—

WORKING PARTY DISCUSSES FINANCIAL DISCLOSURE

MEETING

28

KENNEDY

IS MADE UP

THE FIRST MEETING OF THE WORKING PARTY ON FINANCIAL DISCLOSURE, (HKMA), WAS HELD TODAY CHAIRED BY THE HONG KONG MONETARY AUTHORITY (TUESDAY).

PARTY

THE WORKING AUTHORISED INSTITUTIONS (AIS).

OF

OF REPRESENTATIVES

LOCAL

"THERE IS GENERAL AGREEMENT AMONG MEMBERS OF THE WORKING

** THE CHAIRMAN OF THE THAT MORE FINANCIAL DISCLOSURE IS DESIRABLE, WORKING PARTY, DEPUTY CHIEF EXECUTIVE (BANKING) OF THE HKMA, MR CARSE. SAID.

PARTY

DAVID

"THE

WORKING

PARTY

THE

OF QUESTION

IT IS HOPED DISCLOSURE AND HOW QUICKLY THIS MIGHT TAKE PLACE.

OF THE WORKING PARTY CAN PRODUCE RECOMMENDATIONS BY THE MIDDLE YEAR," HE ADDED.

WILL

CONSIDER

MORE

THAT

THIS

THE WORKING PARTY'S TERMS OF REFERENCE ARE:

ΤΟ

CONSIDER THE APPROPRIATE EXTENT OF FINANCIAL

DISCLOSURE

OF

BY ATS INCLUDING THE QUESTION OF WHETHER INNER RESERVES BANKS SHOULD BE DISCLOSED; AND

* TO

CONSIDER

THE POSSIBLE

TIME FRAME OVER WHICH SUCH DISCLOSURE MIGHT BE PUT INTO EFFECT.

SEVEN LOCAL BANK, KWONG ON

ITS MEMBERSHIP CONSISTS OF REPRESENTATIVES FROM

BANKS

BANK OF BAST ASIA. DAH SING BANK, DAO HENG BANK, NANYANG COMMERCIAL BANK, SHANGHAI COMMERCIAL BANK, AND WING HANG KONG DEPOSIT-TAKING COMPANIES BANK

AND THE CHAIRMAN OF THE HONG

ASSOCIATION.

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