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The Hong Kong Monetary Authority (HKMA) today (December 14) published the December 2005 issue of its Quarterly Bulletin.
This issue of the Quarterly Bulletin contains the regular Half-Yearly Monetary and Financial Stability Report, which analyses recent external and domestic influences on Hong Kongˇ¦s monetary and financial systems. The Report notes that favourable economic trends continue to characterise Hong Kongˇ¦s economy, and the assessment is that both the external and internal factors augur well for continued monetary and financial stability in Hong Kong.
This Quarterly Bulletin contains three feature articles:
The composite interest rate of Hong Kong ˇV a new data series ˇV providing the background to the composite interest rate that the HKMA proposes as a tool for banks to better manage their interest rate risks.
Hong Kong as one of the worldˇ¦s largest net creditors: a study of international investment position statistics ˇV concluding that sharp increases in net portfolio investment and in other investments are the main factors accounting for Hong Kongˇ¦s position.
Review of financial infrastructure development ˇV providing an update of the subject.
The Bulletin also includes a Supervisor's Memo on implementation of Basel II in Hong Kong.
The Quarterly Bulletin may be ordered from the HKMA at $100 per copy. A separate version of the Half-Yearly Monetary and Financial Stability Report (English only) may be ordered at $60 per copy. The Bulletin and the Report may also be bought at the HKMA Information Centre on 55th Floor, Two International Finance Centre. The full text of the Bulletin (http://www.info.gov.hk/hkma/eng/public/qb_index.htm) and the Report (http://www.info.gov.hk/hkma/eng/public/mfsr_index.htm) is available on the HKMA website.
For further enquiries, please contact:
Jasmin Fung, Manager (Press), at 2878 8246 or
Wong Hing-fung, Resource Co-ordinator, at 2878 1802
Ends/Wednesday, December 14, 2005
Issued at HKT 16:24
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