J
[ME2AGJ]
ASIAN DEVELOPMENT BANK: UK GUARAN TEE OF HONG KONG'S OBLIGATIONS
Notes for Supplementaries and Winding up Section C:
General Hong Kong Questions
Agreement
1.
Every reason to believe that the
t
Both HMG and Chinese Government are committed to full
implementation of agreement.
Chinese will honour their commitment.
Economic Situation
2.
Confidence has clearly been re-established following
signature of the Sino-British agreement.
Hang Seng stock market
index recently reached an all-time high and prospects for 1986
appear to be good.
Joint Liaison Group
Second meeting
3.
in
GATT
Sino-British Joint Liaison Group set up
under Joint Declaration took place in Peking from 26-29 November
1985. Continued discussions on Hong Kong's future status
and other international agreements and organisations begun at the
first meeting in London in July 1985. Also discussed and reached
initial agreement on right of abode endorsements in BN (0) passports,
and the issue of new Hong Kong identity cards. Also discussed
recent changes in political
system. Next meeting will be held in
Hong Kong from 11-14 March.
Basic Law
4.
Government.
on the
Law
Drafting of the Basic Law i s a matter for the Chinese
Welcomed decision to include Hong Kong people
Basic Law Drafting Committee (BLDC) and to establish a Basic
Consultative Committee (BLCC) in Hong Kong.
Representative Government
5.
HMG will remain responsible for administration of Hong Kong
up to 1 July 1997. We will exercise that responsibility fully and
of continuing ec on omic prosperity
to LegCo took place in 1985.
prudently in the
stability.
First
interests
election s
and
Next