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(5) the term "Hong Kong person" means-

(A) any natural person residing in Hong

Kong; and

(B) any corporation, company, association,

partnership, or other organ zation which is not

an agency or other instrumentality of any for-

eign state (as defined in section 1603(a) of titl

28, United States Code) and which is legall; 7

constituted under the laws and regulations oa

Hong Kong.

TITLE I-POLICY

12 SEC. 101. BILATERAL TIES BETV EEN THE UNITED STATE¦ ¦

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AND HONG KONG.

It is the sense of Congress that he following, based

15 on provisions of the Joint Declaration, where applicable

16 should be the policy of the United States with respect to

17 its bilateral relationship with Hong Kong:

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(1) The United States should play an active

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role, before, on, and after July 1, 1997, in maintain

ing Hong Kong's confider ce and prosperity, Hong

Kong's role as an international financial center, and

the mutually beneficial ties between the people of the

United States and the people of Hong Kong.

(2) The United States should actively seek to

establish and expand direc: bilateral ties and agree-

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