[ME 2 AGJ ]

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.

7

Both HMG and Chinese Government are committed to full

implementation of agreement.

to believe that the

Chinese will honour their commitment.

Every reason

Economic Situation

2.

Confidence has clearly been

signature of the Sino-British agreement.

index recently reached

appear to be good.

Joint Liaison Group

3.

all-time an

re-established following.

Hang Seng stock market

high and prospects for 1986

Second meeting of Sino-British Joint Liaison Group set up

under Joint Declaration took place in Peking from 26-29 November

Hong Kong's future status in GATT

organisations begun at the

1985.

Continued discussions on

and agreements

and other international

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

Next meeting will be held

recent changes in political

Hong Kong from 11-14 March.

system.

in

Basic Law

4.

Drafting of the Basic Law i s

matter for the Chinese

Government. Welcomed decision to include Hong Kong people on the

Basic Law Drafting Committee (BLDC) and to establish a Basic Lav

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 interests of continuing economic prosperity and

election s to LegCo took place in 1985.

prudently in the

stability.

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