CODE 18-77
AWO Ltd. 7/84
Reference...
CONFIDENTIAL
́HKK ́ ́·121/T ̈
HKK
102
Mr Ha, Economic Advisers
Mr Walker, Asian Region, Research Dept Mr Fletuner-Cooke, FED
RECEIVED IN REGISTRY
- 6 JAN 1987
PRC INVESTMENT IN HONG KONG
I
attach a copy
of
a
DESK OFFICER
REGISTRY
INDEX
PA
Action Taken
to for Rembou
letter
from
Mr
На
stle
(Hardcastle and Co, Gracechurch St, EC3).
2.
for
me as
particularly
on
who Hardcastle
S
was
a
being sold
Having said this,
exceeded by
should be grateful I
your comments, It is not clear of Hardcastle's letter. para 3
to but it looks
if he interlocutors were,
one at that). line (and long and convoluted
a we and Hong Kong did identify a brief period in 1985 when China's
were from Hong Kong gross foreign exchange earnings their net expenditure on imports entering China via Hong Kong (a But, as Our submission of 6 November 1985 is attached). copy of I understand the position, this is very far from saying that "as
Chinese chose policy considerable sums of hard currency into the place". indication
a
in
prerequisite"
the
that
increased their
expenditure
was
for
other
than
1985 economic/modernisation reasons?
3.
Finally, I would be grateful for FED's
sentence of the penultimate paragraph:
11
to
pump very
Is there any
currency
of foreign
"straightforward"
comment on the last
I was not aware that any was formally that the original such existed, to the to the Chinese during The Queen's visit!
"lease" returned
as
FED advise nosuch
doc handed over!
let
alone
5 January 1987
ее
7
E Leeks
Hong Kong Department WH 312
270 2651
CONFIDENTIAL