Hong Kong Dilemma For Forex Managers As Chinese Rule Looms Over The Horizon
BANKS
Hong Kong's rather surprising growth performance in the latest Bank for International Settlements (BIS) survey for April 1995 has reinforced the view for the few major FX trading banks left in Hong Kong that the territory still warrants a full-fledged FX operation.
The sheer number of banks that have centralised their Asia-Pacific regional dealing rooms in Singapore over the past few years had led many market participants to expect growth in the city-state to far outpace that in Hong Kong, which
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