2012528

2527

ii

iii

This programme circular is available in English. The English version of this programme
circular is available from the offices of the Monetary Authority at 55 th Floor, Two
International Finance Centre, 8 Finance Street, Central, Hong Kong.

iv

.........................................................................................

..................................................................................................................

..........................................................................................................

...........................................................................................................................

..........................................................................................................

12

...........................................................................................................................

15

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18

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21

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23

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25

1214

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100,000,000,000 1,000

100%

AA+

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1214

55

www.hkgb.gov.hk

1,000

10

11

(c)

(d)

2.

1.

(a)

(b)

3.

(a)

(b)

(i)

(i)

(ii)
(ii)

12

(iii)

(c)

365

6.

4.

5.

7.

8.

9.

(i)

13

(ii)
(iii)

10.

11.

(i)

(ii)
12.

14

www.hkgb.gov.hk

15

16

17

18

99.50
99.50%

0.003%

0.005%

0.002%

19

20

AA+

Aa1

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3.9%

18,970

34,500

21

7.1% 5.0% 2.6%

151,236
4,929
6,691

200708

200809

200910

201011

201112

1,236

15

259

751

737

201

166

112

112

112

4,929

4,944

5,203

5,954

6,691

60

200

112.075
12.5

495
395100

2007 2008 2009 2010 2011

16,156 16,770 16,225 17,416 18,967

93.8

97.8

98.4

100.7

106.0

(%)

4.0

3.5

5.3

4.3

3.4

22

116285520

www.hkgb.gov.hk

23

855

www.hkgb.gov.hk

24

100%

663(1)

25

236

244(2)

571T

66
5A(1)

26

571
24

3
3

27

8
55

17

47

28