(QUESTION
-
INAUDIBLE)
8
SATURDAY, OCTOBER 24, 1987
DO. THAT ALL OF OUR
TO
SIR DAVID: I THINK PROBABLY EVERYBODY HEARD THAT. (LAUGHTER).
ECONOMY WILL IF YOU CAN TELL ME WHAT THE IMPACT ON THE UNITED STATES BE OF THE CLOSURE OR THE COLLAPSE ON WALL STREET, THEN I WILL ANSWER THAT ONE. WE DON'T YET KNOW, OF COURSE, WHAT IS GOING TO
A9 HAPPEN TO OUR STOCK MARKETS WHEN THEY REOPEN ON MONDAY,
KVERYBODY IN THE ROOM KNOWS, THEY'RE CLOSED AT THE MOMENT, THEY'RE DUE TO
MARKET WENT DOWN RB-OPEN ON MONDAY. ON MONDAY OF THIS WEEK, OUR
BY SOME 11 PER CENT. NOW THAT OF COURSE, IS NOT MUCH COMPARED WITH THE BE ON REST OF THE WORLD. WE DON'T KNOW, THOUGH, WHAT THE IMPACT WILL
Ι WOULD LIKE THE FOLLOWING MONDAY. THERE ARE TWO POINTS THOUGH THAT
IS TO MAKE, SINCE I CAN'T GAZE INTO THAT PARTICULAR CRYSTAL BALL. ONE
HAPPENED THIS THAT WHAT HAS
WERK HAS SHOWN
BETTER SURELY,
THAN
ANYTHING
COULD ELSE
ARE MARKETS
GLOBALLY 80 INTERLINKED. THIS CONCEPT OF THE GLOBAL MARKET WHICH SLIPS
EASILY WE SAW OFF THE TONGUE IS A REALITY AND
HOW WHAT
IN ONE HAPPENED
HOUR MARKET TRIGGERED OFF SIMILAR EVENTS IN OTHER MARKETS AROUND A 24
FROM THE CLOCK. THAT'S ONE POINT. WE ARE NOT ISOLATED
REST OF THE BY WHAT HAPPENS HERE AND WORLD, WE ARE AFFECTED VERY DIRECTLY
IN
POINT IS LONDON AND IN TOKYO. THE SECOND
THAT HONG KONG HAS A HAVE REMARKABLE ABILITY TO BOUNCE BACK. WE ARE AN ELASTIC SOCIETY. WE
ALSO HAD HAD TROUBLES WITH OUR STOCK MARKET BEFORE. WE ACTUALLY HAVE
HIT PROBLEMS WR TROUBLES WITH OUR BANKING SECTOR. EACH TIME WE HAVE
TO FOUND WAYS
DRAL HAVE, FIRST OF ALL, BOUNCED BACK, AND SECONDLY,
REVEALED WITH PROBLEMS WHICH HAVE BEEN
OF THE PROCESS
SLIDING IN THE DOWNWARDS. 90, ON THE LONGER TERM, I HAVE COMPLETE CONFIDENCE
STRENGTH OF HONG KONG MARKET, BECAUSE UNDERLYING EVERYTHING IS THE THE HONG KONG ECONOMY ITSELF. SOME OF THE STATISTICS WHICH I WAS JUST GIVING YOU.
IN
MR DORWARD: SO THAT'S AN UPBEAT NOTE ON WHICH то FINISH, IF CALL ON MR SESTO THAT'S ALRIGHT WITH YOU AND I WILL AT THIS STAGE,
ASSOCIATION OF NEW YORK TO VECCHI, THE SECRETARY OF THE, HONG KONG OFFER A VOTE OF THANKS TO THE GOVERNOR.
ON BEHALF OF
MR VECCHI: IT GIVES ME A GREAT DEAL OF PLEASURE
TO OUR ALL OF US TO BE ABLE TO EXTEND A VOTE OF THANKS
YOUR WISH TO THANK YOU, SIR DAVID, FOR SHARING WITH US
AND TOMORROW HONG KONG TODAY, YOUR VISION OF HONG KONG ARE CERTAINLY AN ARTICULATE AND ENTHUSIASTIC EXPONENT AND IMPORTANCE OF HONG KONG TO THE UNITED STATES
BUSINESS COMMUNITY, STATES
I HOPE YOU'LL ALL EXTENDING A
OF APPLAUSE IN THANKS FOR (APPLAUSE).
ROUND
SPEAKER. WE
INSIGHTS ON
BEYOND.
YOU
ΤΟ AND
OF THE
VALUE
THE WITH JOIN SIR DAVID
UNITED
ME IN
WILSON.