X
Esq
X
ye Keith Vaza MP
してて18
date
FTS
Tomnownow
House of Commons
London
SW1A OAA
me absenu
I am replying in Doub
as me
me Minister Nesponsible for
Hong Kong.
řelarious with
to Dongles Havel
Thank you for your letter of 18 August about your
visit to Hong Kong to discuss issues concerning the Bank
of Credit and Commerce (Hong Kong) (BCC (HK)) with depositors there.
/you
ou ask whether the Foreign Office is
involved and whether the British Government has any views
on possible bids to buy the Bank.
Regulation and supervision of the banking industry
Re in Hong Kong is a matters for the Hong Kong Government. Hong Kong has long managed its own economic affairs: this
is simply not something we could or would wish to do from
London.
I understand that several groups have expressed interest in taking over the bank and that the Hong Kong authorities are considering whether any of these represent viable and acceptable proposals.
I believe that Mr Carge, the Hong Kong Commissioner for Banking, has agreed to see you on Saturday 24 August to explain the position. I hope you will find this
useful.
Douglas Hogg Lynda Chalker
BARAFS