香港總督府

CONFIDENTIAL

Ref: SCR 1/4841/5511

GOVERNMENT HOUSE

HONG KONG

WHO BENEFITS FROM HONG KONG?

SUMMARY

The local population are the principal beneficiaries of the transformation of Hong Kong (paragraphs 1-3).

2.

China also derives obvious benefits from Hong Kong, particularly in the financial and economic spheres (paragraphs 4 and 5).

3.

Hong Kong also acts as a political and commercial clearing-house for China (paragraphs 6 and 7).

4.

Hong Kong is a "prestigious" asset to the United Kingdom in its dealings with China (paragraphs 9 and 10).

5.

Hong Kong offers the United Kingdom substantial "invisible" advantages and provides a base, of which they could make more use, for British exporters to exploit opportunities throughout the Pacific region. The Governor welcomes the efforts of Her Majesty's Government and British exporters to recapture the ground lost in Hong Kong itself (paragraphs 11-15).

6.

Hong Kong's considerable sterling reserves are evidently regarded as of value to Her Majesty's Government (paragraph 16).

7.

The spin-off from Hong Kong's commercial and financial activity outweighs the occasional political and constitutional problems the Colony may cause the United Kingdom (paragraphs 17-20).

CONFIDENTIAL

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