This Authority noticed that the Hong Kong Monetary Authority (HKMA) made an announcement today (24 October 2008) about revoking the appointment of the manager for Delta Asia Credit Limited (DAC) and the proposed revocation of DAC’s authorization as a deposit-taking company in Hong Kong. These measures are taken in accordance with the rules and regulations of Hong Kong and only applied to DAC which was incorporated in Hong Kong. The business operations of Delta Asia Bank Limited, as the parent of DAC, will not be affected. This Authority reiterates that the Macao banking system remains sound and robust. Meanwhile, the SAR Government has committed to giving full protection for all customer deposits held with banks in Macao, and providing liquidity and even capital support to banks if such need arises.
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