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Article: HONG KONG MARKET STABLE, TRADING WELL: FINANCIAL
- Article from:
- Xinhua News Agency
- Article date:
- October 10, 1998
CopyrightCopyright 1998 Xinhua English Newswire. Provided by ProQuest LLC. (Hide copyright information)
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The Hong Kong market is now stable and trading well thanks to a
"surgical incursion" for 10 trading days in August, a senior
official
from the Hong Kong Special Administrative Region (KHSAR) of China
said here Monday.
Donald Tsang, KHSAR financial secretary who is here attending the
annual meeting of the World Bank and International Monetary Fund
(IMF), told a press conference that the exceptional incursion was
introduced to remove a "contrived, artificial and manufactured
situation" which was causing major disruption and threatening to
undermine the confidence of the people.
To dispel foreign doubts about the move, Tsang said that the
measures are "totally transparent and rule-based" and ...