1991-08-12 17:01 COMMS OFFICE (GOVT HOUSE)
852 845 0995 F.02
IC
WVICE
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SATURDAY, AUGUST 10, 1991
TENTION NEWS EDITORS:
THE FOLLOWING
ISSUED
ON
13
BEHALF 01' THE MONG ANGHAI BANKING CORPORATION AND BANK OF CHINA:
JOINT STATEMENT BY HSCB AND BANK OF CHINA
KONG
AND
THE HONGKONG AND
SHANGHAI BANKING
CORPORATION AND BANK OP OF EVIDENT PUBLIC
INA WIEM TO MAKE THE FOLLOWING COMMENTS IN VIEW ONCERN ABOUT THE HEALTH OF CERTAIN BANKS IN HONG KONG.
STANDARDS OF
1. THE UNDERLYING STRENGTH OF HONG KONG'S BANKING INDUSTRY
BEYOND DOUBT. IT IG WELL REGULATED AND SUPERVISION STAND FAVOURABLE COMPARISON WITH ANY OTHER OF THE WORLD'S MAJOR FINANCIAL CENTRES.
2. THE CURRENT WAVE OF RUMOURS CIRCULATING ABOUT CERTAIN BANKE
IN HONG KONG I DEMONSTRABLY WITHOUT FOUNDATION,
3. HONGKONG BANK AND BANK OF CHINA RAVE NOT CU THEIR LINEA TO THESE BANKS AND AND CONTINUE TO ASSIST THEM WITH THEIR CASH REQUIREMENTS,
END/RE.
•
TOTAL P.02
TOTF - P.02
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