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123325
MDHIAN 2574
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FM HONG KONG
TO DESKBY 07090OZ FCO
TELNO 0068
OF 07074OZ JANUARY 88
7
T
a
RECEIVED IN
DIST T
YOUR TELNO 37: WRITTEN PQ ON HONG KONG
I SUGGEST THAT THE DRAFT REPLY SHOULD BE RECAST AS FOLLOWS:-
''I BELIEVE THAT THE PROMPT ACTION TAKEN BY THE HONG KONG GOVERNMENT IN NOVEMBER TO INITIATE A THOROUGH REVIEW OF THE MANAGEMENT AND OPERATION OF, INTER ALIA, THE HONG KONG STOCK EXCHANGE AND, MORE RECENTLY, THE RESOLUTIONS PASSED BY THE STOCK EXCHANGE ENABLING CERTAIN MEMBERS OF ITS COMMITTEE TO DISTANCE THEMSELVES FROM THE MANAGEMENT OF THE EXCHANGE WHILST ICAC INVESTIGATIONS INTO ALLEGATIONS OF CORRUPTION IN THE OPERATION OF THE EXCHANGE ARE IN PROGRESS, WILL HAVE REINFORCED INTERNATIONAL CONFIDENCE IN HONG KONG, AS A LEADING FINANCIAL CENTRE. THIS WILL CONTRIBUTE TO THE MAINTENANCE OF THE PROSPERITY AND STABILITY OF THE TERRITORY.''
WILSON
YYYY
ΜΑΙΝ
10
LIMITED
HKD
NNNN
DISTRIBUTION
10
MR MCLAREN
1
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