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Hong Kong Monetary Authority money market operations

Opening Balance in the account

Closing Balance in the account

Change Attributable to:

Money Market Activity

Laf Today

Time

Cumulative

Change

$ Million

(Hours)

($ Million)

1,814

09:30

+130

1,714

10:00

+130

11:00

+130

+130

11:30

+130

-230

Laf Rate 4% Bid/6% Offer TWI 124.50 *+0.2* 22.6.96

End

Trading fund provides department with greater transparency

The Secretary for Works, Mr Kwong Hon-sang, today (Sunday) said that the administration has identified the Electrical and Mechanical Services Department (EMSD) as a good candidate for transforming into a trading fund through which customers will benefit from better services and more competitive prices.

Staff in the department will also benefit from working and developing their careers in a healthy, dynamic organisation which is able to move forward and adapt itself to meet its clients' changing needs.

"The introduction of the Electrical and Mechanical Services Trading Fund (EMSTF) will serve to enhance the efficiency and productivity of the EMSD in delivering its services for the best interests of the community as a whole," Mr Kwong said.

"As taxpayers, the public will benefit from the better value for money and quality of services provided by the EMSTF at less cost to them."

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