New measures to boost liquidity
Article Abstract:
The Hong Kong government plans to carry out measures aimed at boosting liquidity in Hong Kong's financial system. Under the measures, the Hong Kong Mortgage Corp. plans to further purchase up to HK$15 bn of residential mortgage in 1998. It now has purchased HK$4.7 bn. Besides, it is planning to introduce a facility under which it will agree with individual approved sellers to purchase an agreed amount of conforming mortgages within a specified period of up to 12 months. This measure can provide banks with greater assurance about the availability of liquidity. The details of the new facilities will be announced soon. *
Comment:
Hong K: Government plans to carry out measures aimed at boosting liquidity in country's financial system
Publication Name: HK Standard
Subject: Business, international
ISSN:
Year: 1998
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Route 7 link study launched
Article Abstract:
The Hong Kong government plans to develop a 13-km traffic link, Route 7, on the western part of Hong Kong Island. An agreement on a 12-month consultancy, which is aimed at confirming the alignment of the route, is signed by Babtie BMT Harris & Sutherland (HK) and Halcrow Asia Partnership and the Highways Department. Route 7 links the Cross Harbour Tunnel in Causeway Bay with Aberdeen. The section between Causeway bay and Kennedy Town was completed in 1997. The section between Kennedy Town and Aberdeen will be constructed in two phases for about HK$6 bn. *
Comment:
Hong K: Government plans to develop 13-km traffic link, Route 7, on western part of Hong Kong Island
Publication Name: HK Standard
Subject: Business, international
ISSN:
Year: 1998
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supply of hos flats may be cut
Article Abstract:
The Hong Kong Government may reduce the supply of Home Ownership Scheme flats in 1998, as result of economic downturn and weak property market. It may cut the residential development to 2 from current 3 each year. Under the government's Phase 19C Project, it will supply 10,156 units between 1998 and 2000. The Phase 20A project will provide 30,800 units if approved. *
Comment:
Hong K: Government may reduce the supply of Home Ownership Scheme flats in 1998, due to economic downturn and weak property mkt
Publication Name: HK Standard
Subject: Business, international
ISSN:
Year: 1998
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