| 1. | Also , further government tightening could decelerate the current outflow of bank liquidity into equity markets
同时，政府进一步实施紧缩政策也会减缓目前银行资金流入股票市场的势头。 |
| 2. | A high level of bank liquidity , low interest rates , the improved employment situation and a rebound in asset prices all act to lift demand
银行流动资金充裕，利率低企，就业情况改善，以及资产价格反弹，均对需求产生刺激作用。 |
| 3. | A high level of bank liquidity , low interest rates , the improved employment situation and a rebound in asset prices all act to lift demand
银行流动资金充裕，利率低企，就业情况改善，以及资产价格反弹，均对需求产生刺激作用。 |
| 4. | These shocks take into account various adverse movements in banks liquidity , interest rate and market risk positions . 11
金管局亦对银行申报表提交的数据施以一系列压力测试，其中包括银行流动资金利率及市场风险持盘的假设不利变化。 |
| 5. | Although this does not look very large , it represents the current opportunity cost for banks holding on to hong kong dollar inter - bank liquidity instead of switching the money into us dollars
虽然这个数字看起来并不算大，但却反映目前银行没有转持美元而继续持有港元银行同业流动资金的机会成本。 |
| 6. | Under hong kongs monetary arrangements , these exchange fund transactions relate for much of the time mainly to accumulations or drawdowns of the fiscal reserves , fluctuations in the note issue or relatively narrow movements in bank liquidity held in balances with the exchange fund
在香港的货币安排下，这些外汇基金交易主要都是涉及增加或提取财政储备钞票发行量波动，或银行体系在外汇基金结存的流动资金的变动但这些变动相对较小。 |
| 7. | Members were briefed on the principles and mechanics of the model , which analysed four key relationships influencing the workings of the currency board system : banks liquidity demand , private sector demand for hong kong dollar assets , discount window borrowing demand , and currency market operations by the hkma
委员会成员获悉有关模型的概念和结构的扼要资料，该模型分析了影响货币发行局运作的4种主要关系：银行对流动资金的需求私营机构对港元资产的需求贴现窗借款的需求以及金管局的外汇市场操作。 |
| 8. | The decrease was attributable to reductions in certificates of indebtedness and the aggregate balance , by hk 5 . 7 billion and hk 5 . 5 billion respectively . these changes reflected a reversal of the high demand for bank notes and inter - bank liquidity associated with seasonal and year 2000 related factors
货币基础减少，主要是由于负债证明书与银行体系总结馀分别减少亿港元和亿港元，反映因季节性及与公元年有关的因素导致对纸币和银行同业流动资金需求上升的情况已告扭转。 |
| 9. | The single income source , the backwards service manners and methods have been the great obstacles for the development of chinese commercial banks and they have also been the key factors which result in poor bank liquidity , profitability and competitive ability
收入来源过分依敕于少数几个业务品种，服务手段、服务方式落后已成为中资银行各项业务发展的最大障碍，这也是导致中资银行资产、负债业务流动性差、中间业务及表外业务盈利能力弱、综合竞争能力不足的最主要原因。 |
| 10. | There may be circumstances in which some mopping up of inter - bank liquidity through the exceptional issue of exchange fund paper would be desirable . there may also be circumstances in which negative interest rates could become justifiable , if only for the purpose of underlining the government s determination to maintain the linked exchange rate system
有些情况可能需要特别增发外汇基金票据及债券，以吸收部分银行同业流动资金有些情况可能需要实施负利率，例如是为了强调政府维持联汇制度的信心。 |
