TRANSLATION
Extract from Ming Pao Evening News
dated 13 May 1983
According to reliable sources close to Beijing,
actual talks on the future of Hong Kong between the
Chinese and British Governments will begin next week.
Sir Edward Youde, as a member of the British delegation,
will take part in the talks in the near future.
A senior official of the FCO has indicated that,
as the UK no longer insists on the question of sovereignty,
talks can begin on arrangements during the transition
period.
Sources pointed out that talks would be on two
major aspects:-
1) how to maintain the prosperity and stability of Hong
Kong between 1983 and 1997; and
2) how China and Britain can co-operate after sovereignty
over Hong Kong is recovered by China
Talks on the arrangements for the transition period
will include:-
•
should China increase its investment in Hong Kong;
•
the question of the reserve funds of the Hong Kong
•
•
•
Government;
how to expand the representative nature of the Legislative
and Executive Councils;75
how to increase the opportunities for the people of Hong
Kong to fill posts of departmental heads;
how to assist industrial development, including loans
to medium and small industries;
how the 13 Chinese-funded banks can co-operate with the
Hong Kong and Shanghai Bank
After talks on the transition period, both parties
will proceed to discussions how to entrust the Hong Kong
and Shanghai Bank and the Chartered Bank to issue Hong Kong
currency, but by then the right to issue Hong Kong dollars
will be held by the "Hong Kong Special Administrative
Talks will also cover the landing
Region Government".
right of aircrafts.
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