Reference
(although there is a graph on Hong Kong equity risk premium
which suggests that the risk level is neutral). The report does not cover the full range of scenarios, for example it does not
contemplate the Governor's proposals failing to get through LegCo. The report is also optimistic in its assessment of each of the identified scenarios although this is perhaps
understandable as it was published on 13 November (and presumably written in late October/early November).
too
am
which.
NGC Whitney
WH 304 270 2651
7 December 1992
baring. ADM.JRB
CODE 18 77