Christmas Quiz 2007

ACROSS

3. Hong Kong is playing a pivotal role in the financial _______ of the Mainland. (14)
5. A currency often used for carry trades. (3)
8. The abbreviation of a scheme that allows authorised Mainland institutional investors to invest in the overseas capital markets. (4)
9. This currency was created under the Maastricht Treaty. (4)
11. The abbreviation of an organisation which launched renminbi bond-price fixing in July 2007. (3)
12. The queues for application forms for this type of event were often longer than for pop stars' concert tickets. (3)
13. The abbreviation of an indicator that reflects changes in the price level of consumer goods and services generally purchased by households in different expenditure ranges. (4)
14. The debut in Hong Kong of this security denominated in the renminbi was in July 2007. (4)
18. Probably the most-often mentioned term in the financial world this year. (9)
19. The abbreviation of a monetary policy that has been serving Hong Kong well for 24 years. (4)
20. At the _______-side Convertibility Undertaking, the HKMA buys US dollars from licensed banks at 7.75. (6)

DOWN

1. The abbreviation of a ratio of a bank's capital base to its risk-weighted assets. (3)
2. It is the major material of the new Hong Kong ten-dollar note, which is cleaner, more durable and more secure. (7)
4. Because of this, a bowl of fish-ball noodles costs more than HK$10 now. (9)
6. The abbreviation of a type of structured credit product usually backed by a pool of loans and divided into tranches. (3)
7. On the Mainland, the reserve requirement ratio has been raised numerous times to curb excess___________. (9)
10. 2007 marks the second anniversary of the three ___________ to the Linked Exchange Rate system. (11)
15. The expansion of ___________ wealth-management services by banks on the Mainland is of long-term, strategic significance to Hong Kong. (8)
16. The abbreviation of an organisation which regulates banks on the Mainland. (4)
17. In the US, the slowdown of this market has exacerbated the sub-prime mortgage problem. (8)