Bank of China

Fireworks mark arrival of notes

PUBLISHED : Tuesday, 11 January, 1994, 12:00am
UPDATED : Tuesday, 11 January, 1994, 12:00am

THE Bank of China's new Hong Kong dollar notes to be issued in May will feature such landmarks as Victoria Harbour and the Convention Centre and come in colours similar to notes already in circulation, it was revealed yesterday.

The bank is celebrating its entry into note-issuing by sponsoring the Lunar New Year fireworks, which will start with a display depicting the bank's logo the first time a sponsor's logo has been part of the event.

Details of the new notes and the $4.3 million fireworks display were announced yesterday and illustrations of the notes revealed for the first time.

The bank is printing five denominations of notes for distribution from May, worth more than $3 billion.

The $1,000 note will be the same orange colour as the one in distribution, issued by the Hongkong and Shanghai Bank and the Standard Chartered Bank, and will be illustrated with a drawing of Victoria Harbour and a bauhinia flower.

The $500 note will be illustrated with the Kwai Chung container terminal and a peony, the $100 note with the cultural centre and a lotus, the $50 note with the cross-harbour tunnel and a chrysanthemum, and the $20 note with the Convention Centre and a narcissus.

A $10 note will not be issued as a coin is expected to replace the note.

The general manager of the Hong Kong branch of the Bank of China, Zhou Zhenxing, said their aim was to ''take root'' in Hong Kong and offer services here, and the notes issuance was part of that.

The fireworks event, co-organised by the Urban Council, is the largest annual fireworks display in the world and starts with the Bank of China logo.