HKMA Quarterly Bulletin (November 2002 Issue)

The Hong Kong Monetary Authority (HKMA) today (Friday) published the latest issue of its Quarterly Bulletin. This issue contains feature articles on:

• The Impact of China's Accession to the World Trade Organisation on Asia - analysing the overall implications of China's accession to the WTO for trade and investment in the region.
• The Nexus of Consumer Credit, Household Debt Service and Consumption - examining the relationship between consumer credit, the debt-service burden and consumer spending in Hong Kong.
• Preserving Monetary Stability in the Face of Budget Deficits - examining the relationship between the fiscal position and exchange rate stability both in Hong Kong and in other economies.
• Business Continuity Planning after 9/11 - giving a brief account of the main points in the HKMA guidance note on business continuity planning.
• Proposed Supplement to the Guideline on Prevention of Money Laundering - explaining the main improvements to customer due diligence suggested in the Supplement.

The Bulletin also carries regular articles on the banking and monetary environment during the third quarter of 2002.

The Quarterly Bulletin is on sale at the Government Publications Centre. It may also be ordered direct from the HKMA at $100 per copy. The full text of the Quarterly Bulletin is available on the HKMA website http://www.info.gov.hk/hkma/eng/public/index.htm.

For further enquiries, please contact:

Jasmin Fung, Manager (Press) at 2878 8246
Sylvia Yip, Manager (Press) at 2878 1687

Hong Kong Monetary Authority
29 November 2002