1. Hong Kong's financial markets are characterised by a high degree of liquidity. 
   本港金融市场的特色是资金流动性高。
2. They are largely held by financial institutions for trading and liquidity management purposes. 
   这些债券大部分由金融机构持有，以用作买卖及管理流动资金的需要。
3. The Asian financial turmoil has resulted in a much higher interest rate, a much tighter liquidity situation in our banking system. 
   亚洲金融风暴导致香港利率更高企，银行体系的流动资金更为紧绌。
4. Hong Kong's financial markets are characterised by a high degree of liquidity. They operate under effective and transparent regulations, which meet international standards. 
   本港金融市场的特色是资金流动性高，并且是根据有效、具透明度及符合国际标准的规例运作。
5. As a result of the Asian financial turmoil, we have in Hong Kong a much higher interest rate and a much tighter liquidity situation in the banks. 
   亚洲金融风暴导致香港利率攀升，银行体系的流动资金更为紧绌。

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