TNAG-2791-FCO40-4030-Relations-between-Hong-Kong-and-China.-With-maps-1993 — Page 39

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30.

(b) Activities of China-related banks in Hong Kong

sector.

During the fourth quarter of 1992, customer deposits

(in all currencies) with China-related banks (including the

Union Bank and the Ka Wah Bank) continued to grow at a faster rate than total customer deposits of the entire banking

For 1992 as a whole, customer deposits

deposits with

China-related banks registered an increase of 17.1% to

HK$341 billion. Their share in the total deposits of the

banking sector rose from 21.2% at end-1991 to 22.7% at

end-1992, representing the largest in the market. Total assets of China-related banks also grew during the year, by 12.9% to HK$529 billion, and their share in the total assets

of the entire banking sector rose from 8.3% at end-1991 to

9.2% at end-1992.

These developments are shown in the

following table:

Total customer deposits with China-related banks*

Position as

% share in total

customer deposits

with authorized

institutions

25.2

응 change

of end-1992

over end-1991

+22.6% (+13.2%)

at end-1992

HK dollar

157,680

Foreign currencies

183,340

20.9

+12.7%

(+6.3%)

Total

341,019

22.7

+17.1%

(+9.3%)

Total assets of China-related banks*

Position as

at end-1992

HK dollar

287,913

% share in total assets of authorized institutions

22.2

% change

of end-1992 over end-1991

+10.6% (+10.3%)

Foreign

240,625

5.4

+15.8%

currencies

(-0.2%)

Total

528,539

9.2

+12.9%

(+2.0%)

Notes:

Figures in brackets refer to the growth rates for all authorized institutions as a whole.

(*) Including the Ka Wah Bank and the Union Bank.

CONFIDENTIAL

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