CONFIDENTIAL

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A key criterion for selection will be the extent to which people

in the relevant employment category are emigrating.

- OMELCO and representatives of business community in Hong Kong have

welcomed scheme as a practical basis on which to rebuild confidence

in Hong Kong economy.

- OMELCO said "we are confident that those who receive the passports

will have the peace of mind to remain in Hong Kong and contribute to

Hong Kong's future".

- In addition, may expect that the decision of this significant

number not to emigrate will have a beneficial effect on confidence

across the board.

KIPABV

CONFIDENTIAL

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