- 6
(g)
(h)
(i)
(j)
From Hong Kong's point of view the obviously preferable solution lacking the possibility of a continued status quo - would be a promise of self-
administration and preservation of the present socio-economic system. If all British regulations effective at the termination of British rule continued in force (at least for a specified period of time), and importantly that the Hong Kong dollar will continue to enjoy its fully convertible status,
then the damage of a political change would be minimized. China's senstivities could be satisfied, and Hong Kong's important role in China's economy could continue without abatement. (text, page 42)
Hong Kong's long-term future is not at risk -
there are too many pluses. (framed para, page 42)
A Chinese takeover, without such assurances, would have immediately adverse effects, no matter what efforts were made to moderate the impact. A concerted effort would doubtless be made both in China and by Hong Kong government and commercial interests to mitigate the decision. entrepreneurs, with memories of their previous travail in Shanghai, would doubtless seek opportunities elsewhere. (text, page 42)
-
Many Chinese
Hong Kong and Shenzhen SEZ should be integrated, for their mutual advantage, but hopefully under Hong Kong's leadership and administrative system. (framed para, page 45)
Information Division
Home Affair Branch
3 June 1983