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As at end November 1994, the amount of debt securities held by the CMU was HK$75 billion, made up of HK$52 billion in Exchange Fund Bills and Notes and HK$23 billion in private sector debt securities.
Turnover of Exchange Fund papers, which amounted to an average of HK$28 billion a day, reached a record high of HK$64 billion on October 26, 1994.
end/Thursday, December 1, 1994
More cable tv networks after mid-1996 expected
More cable television systems are expected to come on line by mid-1996 when Wharf Cable's exclusivity ends, the Secretary for Recreation and Culture, Mr James So, said today (Thursday).
Cable systems, both officially and commercially provided, are springing up all over Asia, Mr So added.
Speaking at the opening ceremony of Cable and Satellite Asia 1994 exhibition in the Hong Kong Convention and Exhibition Centre, Mr So said: "In China alone, hundreds of new networks have been installed since the beginning of this decade and this trend will continue.
"Virtually every country in the Far East is installing or is planning the installation of new cable networks. Hong Kong is no exception," he added.
Other potential developments related to cable were more personalised interactive multi-media services such as video-on- demand, pay per view, home shopping and their ultimate evolution into the information superhighway, Mr So said.
On the satellite front, Mr So said Hong Kong had played a catalytic role in bringing satellite television to the Asian region, "a move which has spurred the widespread development of cable systems in many countries in Asia".
"I see Hong Kong maintaining this special role in the Asian region, despite the change of sovereignty in 1997.
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