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THURSDAY, JUNE 15, 1989
CONFIDENCE
IN HONG KONG HAD
BEEN BADLY
"I TOLD THEM THAT
A HOME OF SHAKEN; THAT PEOPLE WERE MORE CONCERNED THAN EVER TO HAVE
BADLY WRONG; BUT THAT LAST RESORT OUTSIDE HONG KONG IF THINGS WENT THE VAST MAJORITY DID NOT WISH TO LEAVE HONG KONG," HE SAID.
MR CHAN STRESSED THAT EVERYDAY LIFE WAS CONTINUING NORMALLY
HEALTHY REMAINED
AND THAT HONG ECONOMY HONG KONG; THAT THE REMAINED A GOOD PLACE TO TRADE WITH AND INVEST IN.
IN
KONG
TWO-WAY TRADING RELATIONSHIP THAT LAST YEAR HONG KONG NEARLY US$1,000 FOR
MR CHAN ALSO DETAILED THE CLOSE BETWEEN HONG KONG AND THE U.S. AND SAID IMPORTED US$5.3 BILLION OF GOODS FROM AMERICA EVERY PERSON IN THE TERRITORY,
-
STATES HAD A US$6 BILLION WIDE SPECTRUM OF MANUFACTURING,
FURTHERMORE, HE SAID, THE UNITED
A ACROSS INVESTMENT IN HONG KONG BANKING, INSURANCE AND OTHER SERVICES.
ASKED ABOUT THE EFFECTS OF
EVENTS IN CHINA ON THE GENERAL FINANCIAL FINANCIAL MARKETS, MR CHAN SAID VERY SOUND AND ALTHOUGH THE STOCK MARKET HAD SEEN ONE OF SINGLE-DAY DROPS, IT HAD GRADUALLY BEEN MOVING UP AGAIN.
THE BANKING SYSTEM IS ALSO SOUND DOLLAR, HE ADDED.
I
HONG
KONG'S PICTURE WAS ITS BIGGEST
AND So IS THE
HONG KONG
ANY LARGE-SCALE
HE SAID THERE WAS NO EVIDENCE OF INVESTORS, WHO WERE ADOPTING A WAIT AND SEE ATTITUDE.
OF GOODS
PULLOUT BY
INTO HONG LAST
ON ANOTHER QUESTION ABOUT DELAYS IN FLOW KONG, MR CHAN SAID ALTHOUGH THERE HAD BEEN SOME MINOR DISRUPTION WEEK, CROSS-BORDER TRAFFIC WAS GOING THROUGH AS USUAL.
MR CHAN
HIS CONTINUES SENATORS AND OTHERS BEFORE ADDRESS A
LUNCHEON MEETING
MEETINGS
TOMORROW
WITH
CONGRESSMEN,
TRAVELLING ΤΟ NEW YORK WHERE HE WILL
BY HOSTED
NATIONAL COMMITTEE
THE
U.S.-CHINA RELATIONS AND THE HONG KONG ASSOCIATION OF NEW YORK.
HE WILL ALSO HAVE A ROUND OF MEETINGS
THE TOP
FINANCIAL EXECUTIVES AND GROUPS AND IMPORTERS BASED IN NEW YORK.
ON
REPRESENTATIVES
WITH KEY BUSINESS AND MAJOR RETAIL OF
ANGELES,
SACRAMENTO AND SAN
NEXT WEEK HE WILL TRAVEL TO LOS FRANCISCO, BEFORE RETURNING TO HONG KONG.
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