or fung
m2 Glx, Hap Grateful for advice mwetter we could
selax the guidelines
furite.
Mr Cox
дох
Util
M
4/12
RESTRICTED
rel & BTC /JBM
dop telt
craft
FROM: T Furness
F10 DEC jagt
HKC 121/2 J
Hong Kong Department
DATE: 9 December 1991
cc: Sir J Coles
Mr Burns
Mr Bone
I
Mr Broadbent, EC Advisers
Mr Ricketts or
mist
Good. should are
PS/Lord Caithness
y
Ps
V j
27
relax some move
PROMOTION OF INWARD INVESTMENT FROM HONG KONG
2
हामिल ıdız
i
1. In February, (Mr Paul's submission of 11 February refers), Lord Caithness agreed to a limited relaxation in our previous policy on inward investment promotion in
Hong Kong which had been to discourage all high-profile
-
inward investment activity in Hong Kong by UK
government-funded agencies. This policy reflected concerns that such efforts could be misunderstood as an
attempt to exploit uncertainty about the future by drawing capital away from the territory.
2. The current guidelines enable agencies to pursue normal promotional activities (holding inward investment
exhibitions, seminars and receptions, and placing advertisements in the local press), provided they take care to avoid any political overtones and provided they consult
Ministerial visits the Invest in Britain Bureau in advance.
are judged on their merits, but it is likely that we would continue to recommend that Cabinet Ministers should not get involved in high-profile inward investment activities.
NESAAF/1
JRB
RESTRICTED