Part II
S
Issue
CONFIDENTIAL
Issues of interest from a UK and/or China perspective
Objective/explanation
Secretary for Monetary Affairs
Position as at 1.1.90
Present/Status/Progress
China
interest*
UK
interest*
International
Monetary Fund
(IMF) Article
IV
Consultation for HK
Such consultation will
involve the IMF conducting a mission to HK and discussing with HKG Hong Kong's exchange rate policy. If proceeded with, this will create a new relationship
with the IMF and thus a need to consult with the Chinese beforehand.
MAB is giving further thought to the desirability of pursuing such consultation with the Fund.
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