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MDLIA 8304
12.
THE MISSIONS WELCOMES THE STEPS THAT HAVE BEEN TAKEN TOWARD COMPILING DATA ON INVESTMENT INCOME FLOWS AND, AT A FUTURE STAGE, ON OTHER COMPONENTS OF THE BALANCE OF PAYMENTS. THEY CONSIDER THAT SUCH DATA SHOULD BE OF PARTICULAR USE IN ANALYSING HONG KONG'S ROLE AS A CONDUIT OF INTERNATIONAL CAPITAL TO CHINA AND
OTHER AREAS IN THE REGION.
OLD AGE PENSION SCHEME.
13. THE SCHEME WAS ANNOUNCED ON 15 DECEMBER, THE DAY ERB PRESENTED THE FINDINGS. THE MISSION WAS CONCERNED ABOUT THE INFLATIONARY EFFECTS OF THE SCHEME AND THE FISCAL IMPACT ARISING FROM THE PRESSURE FOR INCREASED FUNDING IN THE LONGER TERM. THEY WOULD STUDY THE PROPOSALS FURTHER.
CONCLUSION.
14.
THIS HAS BEEN A USEFUL EXERCISE, CONFIRMING THE VALIDITY OF OUR POLICY APPROACH ON MOST ASPECTS OF THE ECONOMIC AND FINANCIAL ISSUES AND MAKING USEFUL SUGGESTIONS ON OTHERS. THE UKDEL IMF/IBRD WILL BRIEF THE CHINESE EXECUTIVE DIRECTOR IN THE IMF ON THE OUTCOME OF THE CONSULTATIONS AFTER CHRISTMAS.
PATTEN
YYYY
MAIN
155
MONETARY HKD
NNNN
DISTRIBUTION
155
FED
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