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MR BOYD'S VISIT TO JAPAN 18-21 APRIL 1988
BRIEF NO 8: HONG KONG
K
908 I
geon is an
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Objectives
1. To put across the message that Hong Kong remains stable and
prosperous, a good location for Japanese investment.
2. To confirm that implementation of the Joint Declaration is
proceeding well.
3. To seek Japanese co-operation in securing durable solutions for
Vietnamese refugees, and to urge Japan to take more Vietnamese
refugees from Hong Kong.
POINTS TO MAKE
1.
Confidence in Hong Kong remains good. With the exception of
the stock market, which has had problems in common with all world
stock markets, economic indicators are strong. 11% growth in GDP in
1986, over 13% in 1987. Even before sharp adjustments in world
financial markets, some signs of a gradual slowing down. This will have beneficial effect of reducing inflationary pressures and
avoiding overheating. Property market remains strong.
2. Energetic action taken by Hong Kong Government to review
weaknesses in control of Stock and Futures Exchanges which were
revealed during October downturn.
3. Implementation of Joint Declaration good progress continues to be made. Co-operation over Hong Kong's future lies at heart of present close and cordial relationship between UK and PRC. Regular
and wide ranging contacts between Ministers and officials. Both
Governments committed to full and faithful implementation of JD.
4.
Review of representative government has involved Hong Kong
people in very full consultation on their future system of
government. Decision to introduce direct elections in 1991
generally welcomed.
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