XN000022-1994-06-23 — Page 6

THURSDAY, JUNE 23, 1994

ΤΟ IMPROVE HOUSEKEEPING AND ENHANCE COST-

THE LATEST INFORMATION TECHNOLOGY WILL BE APPLIED HOSPITAL ADMINISTRATION. A CENTRALISED SYSTEM OF

BE IMPLEMENTED

TRANSPORTATION EFFECTIVENESS.

WILL SERVICES

TO

ANOTHER

"THE OPENING OF THIS HOSPITAL IS FRUITFUL PARTNERSHIP BETWEEN GOVERNMENT, THE HOSPITAL LOCAL ORGANISATIONS IN RESPONSE TO COMMUNITY NEEDS,

++

EXAMPLE OF THE AUTHORITY AND

MR PATTEN SAID.

HK DEBT MARKET MAKES SIGNIFICANT HEADWAY

THE

SIGNIFICANT HEADWAY IS BEING MADE IN THE DEVILOPMENT OF DEBT MARKET IN HONG KONG, THE FINANCIAL SECRETARY, SIR HAMISH MACLEOD, SAID TODAY (THURSDAY).

NUMBER

BOOSTED BY FAVOURABLE MARKET CONDITIONS, HE SAID, THE OF DEBT SECURITIES LISTED ON THE STOCK EXCHANGE OF HONG KONG INCREASED

TIMES IN

TOTALLED $190 1993

FUNDS FOUR

RAISED REPRESENTING A REMARKABLE INCREASE OF 41 TIMES.

HAMISH SIR

WHILE

WAS SPEAKING AT THE BRITISH CHAMBER OF COMMERCE.

BILLION,

LUNCHEON

MEETING OF

THE

IN

THE RELATIVE HE NOTED THAT IN TERMS OF PATTERN OF ISSUERS, SHARE OF SUPRANATIONALS IN ISSUE ACTIVITY HAD RISEN TO 27 PER CENT 1993, MUCH HIGHER THAN THE FIVE PER CENT IN 1991.

BY

HE ADDED THAT MANY OF THESE AGENCIES ENJOYED TRIPLE A

THE WHILE THE REST

MARKET WAS SHARED OF RATINGS, INSTITUTIONS, CORPORATIONS AND THE GOVERNMENT.

CREDIT BANKING

GROWING IN

"THE STRONG PRESENCE OF SUPRANATIONALS INDICATES THE RECOGNITION OF HONG KONG AS ONE OF THE MAJOR FUND-RAISING CENTRES THE WORLD," HE SAID.

IN TERMS OF MATURITY PROFILE, HE SAID, THERE WAS ALSO A TREND TOWARDS THE ISSUE OF LONGER TERM PAPER.

43

PAPER WITH MATURITY OF SEVEN YEARS OR MORE ACCOUNTED FOR PER CENT OF PAPER ISSUED IN 1993, COMPARED WITH FOUR PER CENT IN 1991.

THE SIR HAMISH SAID THIS ILLUSTRATED THE GROWING MATURITY OF MARKET AND REFLECTED CONFIDENCE IN HONG KONG DOLLAR DENOMINATED ASSETS WELL BEYOND 1997.

RECOGNISING

THE

FACT

THAT

GOVERNMENT BORROWING

HELPED ESTABLISH THE BENCHMARK FOR PRIVATE SECTOR BORROWERS, *THE GOVERNMENT HAD INTRODUCED EXCHANGE FUND PAPER OF LONGER WITH A VIEW TO BUILDING UP A BENCHMARK YIELD CURVE.

/"WE ARE

HE

NORMALLY SAID MATURITY