CONFIDENTIAL
FM FCO
TO DESKBY 21003OZ HONG KONG
TELNO 1512
OF 20170OZ AUG 91
CONFIDENTIAL
27
24
this 102/3 07367
I
1991
TOP COPY Q DIST?
MDHOAN 8978
FOR SECRETARY FOR MONETARY AFFAIRS
BCC (HONG KONG): VISIT BY KEITH VAZ MP
1.
KEITH VAZ HAS WRITTEN TO THE SECRETARY OF STATE STATING THAT HE WILL BE LEADING A SMALL DELEGATION OF BCCI STAFF AND DEPOSITORS TO TALK TO BCC (HONG KONG) DEPOSITORS, ARRIVING IN HONG KONG ON FRIDAY 23 AUGUST. HE HAS ASKED WHETHER THE FCO IS INVOLVED AND WHETHER HMG HAS VIEWS ON THE POSSIBLE SALE OF BCC CHONG KONG) TO A CONSORTIUM OF BUSINESS PEOPLE. WE ARE FAXING A COPY OF HIS LETTER TO SMA.
2.
WE PROPOSE TO REPLY TO THE EFFECT THAT REGULATION OF THE BANKING INDUSTRY IN HONG KONG IS A MATTER FOR THE HONG KONG GOVERNMENT. WE WOULD ADD THAT WE UNDERSTAND SEVERAL GROUPS HAVE EXPRESSED INTEREST IN TAKING OVER THE BANK AND THAT YOU ARE CONSIDERING WHETHER ANY OF THESE REPRESENT VIABLE AND ACCEPTABLE PROPOSALS.
3. AS YOU MAY KNOW, MR VAZ HAS BEEN HEAVILY INVOLVED IN CHAMPIONING THE BCCI DEPOSITORS' CAUSE HERE. WE THEREFORE THINK IT WOULD BE HELPFUL IF WE COULD ALSO SAY THAT SOMEONE IN HONG KONG GOVERNMENT WOULD BE WILLING TO SEE MR VAZ BUT NOT A BIG
IF HE WISHES. WOULD THIS BE POSSIBLE?
IF SO,
DELEGATION
-
WHO?
4. GRATEFUL FOR A REPLY AND CONTACT NUMBER FOR MR VAZ IF YOU AGREE DESKBY 21093OZ.
CHALKER
YYYY
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