TNAG-1944-FCO40-2770-Stock-market-and-exchange-rate-in-Hong-Kong-1990 — Page 63

RESTRICTED

15630 MDHIAN 7645

WITH OVERNIGHT INTERBANK INTEREST RATE FIRMING TO OVER 12 PER CENT. THE EXCHANGE FUND INJECTED ADDITIONAL LIQUIDITY TOTALLING

HKD 194 MILLION INTO THE INTER-BANK MARKET, THEREBY INCREASING THE SUPPLY OF INTER-BANK LIQUIDITY FROM HKD 728 MILLION TO HKD 922 MILLION. THERE WERE REPORTS OF PEOPLE QUEUEING UP AT MANY BRANCHES

OF THE BANK OF CHINA GROUP WITHDRAWING THEIR MONEY DEPOSITS. SUBSTANTIAL WITHDRAWALS WERE MADE.

WILSON

YYYY

MAIN

.MONETARY

HKD

NNNN

142

DISTRIBUTION

142

FED

2

PAGE

RESTRICTED