Text Version
RSS Feeds
Newsletter
Home Forum Photos Features Newsletter Archive Employment
About US Help Site Map
SEARCH   About US FAQ Site Map Site News
  SERVICES
  -Text Version
  -RSS Feeds
  -Newsletter
  -News Archive
  -Give us feedback
  -Voices of Readers
  -Online community
  -China Biz info
  What's new
 -
 -
41 bln HKD in Exchange Fund bills to be tendered
+ -
19:25, July 28, 2009

Click the "PLAY" button and listen. Do you like the online audio service here?
Good, I like it
Just so so
I don't like it
No interest
 Related News
 RMB trade settlement pilot scheme new milestone for HK: HKMA chief
 Chinese mainland, HK sign supplementary pact on RMB trade settlement
 HKMA alert public to fraudulent website
 Hong Kong follows Fed to slash its base rate to 0.5%
 Comment  Tell A Friend
 Print Format  Save Article
An additional 40.7 billion Hong Kong dollars in Exchange Fund bills will be offered by the Hong Kong Monetary Authority (HKMA) in tenders on August 4, 11, 18 and 25.

The HKMA said Tuesday that the issuance of additional Exchange Fund paper will be conducted by further expanding the supply of three-month, six-month and 12-month Exchange Fund bills through a corresponding reduction of the aggregate balance.

The three-month Exchange Fund bills to be tendered on August 4, 11, 18 and 25 will be increased by 27 billion Hong Kong dollars.

The six-month Exchange Fund bills to be offered on August 11 and 25, together with the 12-month bills to be offered on August 18, will be expanded by 13.7 billion Hong Kong dollars.

The additional supply of short-dated Exchange Fund paper is designed to meet the strong demand by banks for liquidity management, reflected in the very low yield of the paper.

The monetary base remains fully backed by foreign exchange reserves. Inter-bank liquidity will remain abundant after the issuance of additional Exchange Fund bills, which is not expected to have a significant impact on liquidity conditions and interest rates, according to HKMA.

The aggregate balance is projected to decline by 9 billion Hong Kong dollars on August 5, by 14 billion Hong Kong dollars Aug. 12, 7.7 billion Hong Kong dollars Aug. 19 and 10 billion Hong Kong dollars August 26. (One U.S. dollar equals 7.75 Hong Kong dollars).

Source: Xinhua



  Your Message:   Most Commented:
Unveiled Rebiya Kadeer: a Uighur Dalai Lama
80 pct of netizens agree China should punish Facebook
LA police: Michael Jackson death may have been 'homicide'
Chinese netizens call for punishing Turkey
Al-Qaida threatens Chinese abroad

|About Peopledaily.com.cn | Advertise on site | Contact us | Site map | Job offer|
Copyright by People's Daily Online, All Rights Reserved

http://english.people.com.cn/90001/90776/90884/6712536.pdf