CONFIDENTIAL
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International confidence in Hong Kong's future remains strong, and is reflected in a continued influx of new foreign businesses. The increasing Japanese presence is particularly notable (paragraphs 8-9). Domestic banking is very profitable and the new organisational and regulatory framework for securities business is now in place (paragraphs 10-11). Despite the buoyancy of sentiment in the short-term, there is some underlying unease locally about the run-up to 1997 and thereafter and the Chinese aim, in these circumstances, to make as much money as possible as quickly as possible provides a not entirely healthy background (paragraphs
12-13).
JE W Kirby (4174)
11 May 1989
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