CONFIDENTIAL
The agreement provides for Hong Kong to retain and
strengthen its position as a world commercial, financial and communications centre. The Special Administrative
Region will be able to negotiate agreements and participate in international organisations in appropriate fields, such as the GATT. It will have autonomy in the economic, financial and monetary fields.
There will be no exchange control and the Hong Kong
dollar will be freely convertible. Investors will be
able to put in or withdraw their capital freely. The Special Administrative Region will be able to determine its own shipping policies and to negotiate its own air service arrangements for international flights which do
not touch on the mainland of China.
CONFIDENTIAL