PEH

Liao

- 4

Now Mr Langley is leaving Beijing and he will be replaced

by Mr Huey.

Have I met Langley?

MP L

Yes, at the opening of the Jianguo Hotel.

Liao

Liao

PEH

I think I met Mr Sandberg with Y K Pao and others about

three years ago.

There followed a brief, rapid and inconclusive exchange about whether Liao had met Sandberg.

I would like to talk more about a wide range of subjects

with Senior management from HSBC but as time is short

now we will have to leave that for the next occasion.

I am

I am sure that the question of confidence and the weakness

of the Hong Kong Dollar can be solved very soon. very optimistic about the future.

When I next return to Beijing may I have the pleasure

of calling on you again?

Liao

You are very welcome any time.

PEH

We very much appreciate this meeting.

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