1331-90-10 14-05
ZCZC
SERVICE 2
ב. 1 .!
SATURDAY, AUGUST 10, 1991
ATTENTION NEWS EDITORS:
ON BEHALF
THE FOLLOWING IS ISSUED SHANGHAI BANKING CORPORATION AND BANK OF CHINA:
OF THE HONG KONG AND
JOINT STATEMENT BY HSCB AND BANK OF CHINA
* *
AND
BANK OF
THE HONGKONG AND SHANGHAI BANKING CORPORATION CHINA WISH TO MAKE THE FOLLOWING COMMENTS IN VIEW OF EVIDENT PUBLIC CONCERN ABOUT THE HEALTH OF CERTAIN BANKS IN HONG KONG.
1. THE UNDERLYING STRENGTH OF HONG KONG'S BANKING INDUSTRY IS
BEYOND DOUBT.
DOUBT. IT IS WELL REGULATED AND SUPERVISION STAND FAVOURABLE COMPARISON WITH THE WORLD'S MAJOR FINANCIAL CENTRES.
STANDARDS OF ANY OTHER OF
2. THE CURRENT WAVE OF RUMOURS CIRCULATING ABOUT CERTAIN BANKS
IN HONG KONG IS DEMONSTRABLY WITHOUT FOUNDATION,
3. HONGKONG BANK AND BANK OF CHINA HAVE NOT CUT THEIR LINES
TO THESE BANKS
AND CONTINUE TO ASSIST THEM WITH THEIR
CASH REQUIREMENTS.
END/RE.
IME: 13:45:36
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TOTAL P.03
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