CONFIDENTIAL
056351
MDHIAN 1227
RESILIENCE, AND BROADLY BASED ECONOMIC AND FINANCIAL INTERESTS, CURRENT INDICATIONS ARE THAT THE ECONOMY AND COMMERCIAL PROSPECTS SHOULD NOT BE TOO BADLY HIT. THESE HOWEVER ARE STILL EARLY DAYS. HONG KONG'S BUSINESS CONFIDENCE WAS A TOUCH SHAKY BEFORE 4 JUNE BECAUSE OF THE ADVANCE TOWARDS 1997: IT IS SHAKIER NOW. CHINA HOWEVER CONTINUES TO NEED HONG KONG'S INJECTION OF PROSPERITY AND THAT SHOULD CONTINUE TO GIVE BRITISH AS WELL AS LOCAL FIRMS SOME
CONFIDENCE IN THEIR FUTURE.
HEAP
YYYY
ΜΑΙΝ
49
.HONG KONG AGREEMENT
.(RESTRICTED>
LIMITED
HKD
HD/FED
RESEARCH (FE)
ADDITIONAL
3
DISTRIBUTION
52
PUSD
PS/LORD GLENARTHUR
PS/MR EGGAR
MR GILLMORE
MR MCLAREN
MR EDWARDS LEGAL ADV MR WHOMERSLEY LEGAL ADV
MR FIFOOT HKD
NNNN
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CONFIDENTIAL