CHART 2

PERCEPTION OF PRESENT ECONOMIC

SITUATION IN HONG KONG

31%30%42%49%38%%32%36%40 %33%35%42%

21%16%

39% 23%24% 19%18%

16%18%

19%

16%

19% 11%10%

60%67%6364%53% 48%$8%6158%5 4 %60 %5 9 52%48%$8%6463

%64%63%59%63%68%58%62%60%65%62%

19% 17%

6% 6% 5% 3% 5% 7% 6% 6% 7% 6% 7% 11% 13% 13%

22%

149

25%18% 22%26%30%19%20%

JAN FEB JUN OCT MAY OCT APR JUN NOV APR OCT APR OCT

85 86

1987

1988

1989

1990

1991

Bad

Average

Good

* On 19 October 1987, Hang Seng Index dropped by 420.81 points and from 20 to 23 October the Stock

and Future Exchanges were closed.

Base : All respondents (3,999,000) Unweighted base: (1,011)

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