RESTRICTED

FM UKDEL IMF/IBRD WASHINGTON

TO DESKBY

TELNO 22

2709OOZ FCO

OF 24220OZ JANUARY 92

RESTRICTED

HICC 031/9

AND TO IMMEDIATE PEKING, HONG KONG, UKREP JLG

MY TELNO 21

1997 IMF/IBRD ANNUAL MEETINGS

pc.

034430 MDHIAN 0635

3)

1.

I SPOKE TODAY TO THE CHINESE WORLD BANK EXECUTIVE DIRECTOR (WANG) AND HIS ALTERNATE (JIN). THEY CLAIMED TO HAVE NOT YET RECEIVED WRITTEN GUIDANCE FROM PEKING, BUT I HAVE NO DOUBT THAT WHAT THEY HAD TO SAY REFLECTED LENGTHY

TELEPHONE CONVERSATIONS WITH THE MINISTRY OF FINANCE.

2.

THEY MADE THE FOLLOWING POINTS:

(A)

THAHANE HAD ASKED FOR A WRITTEN CHINESE ASSURANCE OF FREE ENTRY OF DELEGATES TO HONG KONG. THEY SAW NO DIFFICULTY WITH THIS.

(B)

THEY WILL ALSO AGREE TO THE SAME HONG KONG WORKING GROUP HANDLING PLANNING FOR THE CONFERENCE BEFORE AND AFTER JULY 1, 1997. (THEY ASKED, THOUGH, WHETHER A CHINESE REPRESENTATIVE TO THE JLG MIGHT JOIN THE GROUP FROM THE OUTSET.)

(C)

THEY WOULD EXPECT HONG KONG OFFICIALS TO ATTEND INTERNATIONAL CONFERENCES AFTER 1997 EITHER AS PART OF THE CHINESE DELEGATION, OR IN THEIR OWN RIGHT. AFTER 1997 CHINESE BANK AND FUND EXECUTIVE DIRECTORS

WOULD REPRESENT HONG KONG IN THE SAME WAY AS I DO TODAY.

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