HONG KONG, Oct 14, 2008 (AFP) - Hong Kong's financial secretary John Tsang said Tuesday that all bank deposits in the territory would be fully guaranteed until 2010, following turmoil in the international banking system.

'(We will) use the exchange fund to guarantee the repayment of all customer deposits held in authorised institutions in Hong Kong,' Tsang told reporters.

Previously the first 100,000 Hong Kong dollars (12,800 US dollars) were guaranteed.