EC 11 '87 17:42 HK OFFICE WASHINGTON
HONG KONG OFFICE, WASHINGTON D.C.
BY TELECOPIER
Telex No.: W/M/415
Date: 11.12.87
Ref.:
To: SASI (Tsao):
From : Lo
Rptd. : NY + SF
Total no. pages: 1
Our fax no.: (202) 331-8958
Stock Exchange and Related Matters: Your ID 541/87 and NY 2137
D(NY) has covered very well the media reactions and has made a number of useful suggestions in paras. 18 to 20 of NY 2137.
2.
As far as the Washington Office is concerned, you may wish to know that the stock market situation in Hong Kong has generated considerable interest among our Congressional contacts, and representatives of trade organizations and public policy think-tanks. In this respect, I should report that since May this year, I have instituted a system of regular working lunches with Congressional staffers and for the past two months, the first subject raised at these lunches was invariably in relation to Hong Kong's stock market.
3.
While the opinions expressed by these contacts generally reflected the negative comments in the media, most of them believed that the damaged image could be repaired with appropriate remedial
measures,
4.
Against the above background, I would appreciate receipt of regular guidance telegrams to keep me up-to-date on the subject and to facilitate future discussions with my contacts.
Ends.
PZ I
ta