 |
| 15
January |
 |
|
The HKMA and China Government Securities Depository Trust
& Clearing Co. Ltd. agree to establish a link between their
securities settlement systems that will enable Mainland financial
institutions authorized to deal in foreign exchange transactions
to hold and settle debt securities in Hong Kong.
|
| 17
January |
|
The HKMA announces the operating results of the Exchange Fund
for 2001. The Exchange Fund recorded a positive investment income
of $7.0 billion in 2001. During the year, the Exchange Fund's
total assets decreased by $42.8 billion to HK$980.6 billion. |
|
|
 |
| 18
March |
|
|
Agreement is reached between the HKMA and the Guangzhou Branch
of the People's Bank of China on a new joint clearing facility
to speed up the processing of Hong Kong dollar cheques issued
by banks in Guangdong and presented in Hong Kong.
|
| 27
March |
|
|
The HKMA releases a second consultation paper on the proposed
introduction of a deposit protection scheme. Recommended features
include the establishment of an independent Deposit Protection
Board to operate the scheme, compulsory participation for
full licensed banks, and coverage limit at $100,000 per depositor
per bank.
|
|
ANNUAL
REPORT MAIN