(E) NOTHING MUST BE DONE TO ENDANGER THE STABILITY OF THE LOCAL ADMINISTRATION. THE CHIEF EXECUTIVE'S ROLE IS TO BALANCE BETWEEN THE EXERCIZE OF SOVEREIGNTY BY THE CENTRAL GOVERNMENT AND THE HIGH DEGREE OF AUTONOMY TO BE EXERCIZED LOCALLY. AS A SYMBIL OF THE SOVEREIGNTY OF THE CENTRAL GOVERNMENT, THE CHIEF EXECUTIVE SHOULD BE ACCEPTABLE BOTH TO THE CENTRAL GOVERNMENT AND THE PEOPLE OF HONG KONG, AND SHOULD NOT BE EASILY REMOVED BY A LOCAL VOTE OF
NON-CONFIDENCE.
8. COPIES OF BOTH ARTICLES AND TRANSLATION FOLLOW BY RAC.
YOUDE
HONG KONG AGREEMENT : RESTRICTED
LIMITED
HD/HKD HD/FED
RESEARCH D (FE) D/HD PUSD MR WILSON
COPIES TO:
MR FIFOOT, LEGAL ADVISERS MR WOOD LEGAL ADVISERS
CON-t
4 CONFIDENTIAL