CONFIDENTIAL
3 -
HONG KONG STOCK EXCHANGE AND GENERAL ECONOMIC SITUATION
12. The Hong Kong Stock Exchange has fallen more sharply than others
in recent weeks although there was a slight recovery last week.
Although the Hong Kong economy is going through a difficult period with
high inflation (by Hong Kong standards), rapid increase in the money
supply and a widening trade gap, there does not seem to be any cause
for serious concern.
Hong Kong and General Department
9 October 1981
CONFIDENTIAL