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The spokesman said the Chinese side in the Joint Liaison Group had agreed that the two conventions should continue to apply to Hong Kong after July 1, 1997, and that the measures in the localising Bill should be introduced.
"The Bill makes both acts of violence, or threats to do such acts, against protected persons outside Hong Kong and the taking of hostage, wherever it is committed, offences in Hong Kong.
"It also makes it an offence to attempt, aid, abet, counsel or procure the commission of such prohibited acts, whether the activity occurs in Hong Kong or elsewhere," the spokesman said.
The Bill will be gazetted tomorrow (Friday). It is expected to be introduced into the Legislative Council on December 14.
end/Thursday, December 1, 1994
CMU-Euroclear Link in operation
The Hong Kong Monetary Authority (HKMA) announced today (Thursday) that the link between the Central Moneymarkets Unit (CMU), the centralised clearing system for debt instruments operated by the HKMA, and Euroclear Clearance System Societe Cooperative (Euroclear) will become operational tomorrow (Friday).
The Hongkong and Shanghai Banking Corporation Limited, the local agent of Euroclear, has opened accounts with the HKMA to process transactions on behalf of Euroclear.
CMU's link with Euroclear is the first established between an international clearing system and a domestic debt clearing system in East Asia.
The link, which was announced in October, will broaden the overseas investor base of the Hong Kong dollar debt instruments as investors can trade in Hong Kong dollar debt instruments through the vast international network of the Euroclear.
Currently, there are 134 Recognised Dealers for the trading of Exchange Fund papers and 170 CMU members for the trading of private sector debt securities.
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