CONFIDENTIAL.

He

amant

allegedly pledged

20.

Nevertheless, a high-level interest is being maintained in the SEZs, especially Shenzhen. Whilst a broad and general conception of the future shape of the zones probably does exist at this level, the translation of theory into practice remains a relatively slow and difficult process. Concrete measures based on the 10-point

Thele has programme published in August are still awaited. been no discernible major breakthrough in attracting foreign investment into the SEZ at Shenzhen, where investment is probably still only some HK$1,100 million.

On occasion the

authorities in Shenzhen have implicitly criticised the Hong Kong Covernment for failing to provide better access for businessmen and visitors to the SEZ through Hong Kong. It could as easily be argued, however, that the SEZ itself does not yet provide sufficient attraction for such visitors

or investment.

Political Adviser's Office

18 November 1981

CONFIDENTIAL

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