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2

3.

ex-officio

members)

with

If Legco were to be asked to vote on the legislative

proposals today we can count 28 firm votes (including the 3

a further 4 to S likely

Support comes mainly from UDHK, Meeting Point

independents. Against this is a solid 5 to 6

supporters.

and

liberal

pro-China vote.

The remainder which includes the CRC is

fence sitting. However when the chips are down the CRC is

most likely to vote against on the pretext that they value

convergence more than the proposals in the package.

expect the rest to vote against abstain or be absent.

We can

4.

The

business community is

keep spirits

the spirits up,

current impasse,

most

the

the perhaps

jittery. While the unexpected buoyant stock market has

helped to

likelihood of escalating confrontation, Chinese threats and

scaremongering

have

increased the level of anxiety.

It is

likely that they will begin to air their concerns publicly

soon.

Sir Gordon

Macwhinnie

(former Chairman of Jockey

Club)

led the

in way

his

speech

the to

Society

of

Accountants saying that the

Governor was misled and that

his constitutional proposals were like red rag to a bull.

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