HUMAGL (4)
(iii) Bank of China. Second largest banking group in Hong Kong, after Hong Kong and Shanghai Bank group. Has recently built major
new headquarters building in Central district of Hong Kong.
Understood to participate in rescue package for Hong Kong Future
Exchange in 1987.
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PIFA indicated that arrangements were likely to remain fluid
until the middle of April. This is par for the course in China.
But we have encouraged them to let us have a draft programme at the earliest opportunity.