Joseph Yam's A to Z of New Year Wishes

Argentina solves its problems

Bankruptcies reduced

China continues to prosper

Deficit reduced

Exchange rates of major currencies remain stable

Foreign investment in Hong Kong grows rapidly

Government efficiency improves

Hedge funds stay benign

"Intervene" and "In the Money" both win a few races

Japanese financial system restructures

Kung Hei Fat Choy

Legislation for deposit insurance introduced

Monetary system remains stable and robust

Negative equity problem resolved

Objectives of HKMA again achieved

Property prices back on a gentle up-trend

Quantum jump in investment return realised

Renminbi exchange rate remains stable

Stock market index rebounds

Tax revenue flushes in

United States economy recovers

Volatility of global financial markets reduced

"Water" flows abundantly from north to south

"Xin xin" (confidence) recovers on all fronts

Yen does not depreciate too sharply

Zeros added to profit figures

Joseph Yam

14 February 2002

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