SECRET
FM PEKING
TO PRIORITY HONG KONG
TELNO 11
OF 010818Z MARCH 93
SECRET
#*HKB 100/3
RECEIVED IN REGISTRY
flim DE SKOFFAR
30 MAR 93 M, Bichelts
INDEX-
REGISTRY
PA Action Taken
INFO PRIORITY FCO
100/$
020636
MDLIAN 7156
have not
you
PERSONAL FOR FINANCIAL SECRETARY
FCO PERSONAL FOR HUM, AUSS
HONG KONG TEL NO 282, FCO TEL NO 157 AND YOUR FAX OF 24 FEBRUARY: FINANCIAL RESERVES
1.
COUNSELLOR DELIVERED TO CHEN ZUO'ER (HKMO, STATE COUNCIL) TODAY, 1 MARCH, THE FAXED AMENDED LETTER FROM THE GOVERNOR TO LU PING. CHEN WAS GRATEFUL AND SAID THAT HE WOULD PASS IT IMMEDIATELY
TO LU PING.
2. CHEN SAID THAT IT WAS IMPORTANT THAT IN THE LATTER PART OF THE TRANSITION PERIOD HONG KONG'S FINANCIAL PLANNING SHOULD CONVERGE WITH ARTICLE 107 OF THE BASIC LAW. WE NOTED THAT THERE HAD BEEN DIFFERENCES BETWEEN THE BRITISH AND CHINESE SIDES ABOUT THIS ARTICLE DURING THE DRAFTING OF THE BL. CHEN AGREED AND SAID THAT
SOME CHANGES HAD BEEN MADE AS A RESULT OF OUR REPRESENTATIONS. HE
THEN CHANGED THE SUBJECT AND SAID THAT HONG KONG PRESS REPORTS ABOUT THE FORTHCOMING BUDGET SUGGESTED THAT THE FINANCIAL POSITION WAS NOT BAD. WE AGREED: THE CHINESE COULD PUT THEIR HEARTS AT EASE.
3. THE ATMOSPHERE OF THE EXCHANGE WAS FRIENDLY.
MCLAREN
YYYY
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FED//HD
ECONOMIC ADVISERS//
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DISTRIBUTION
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