5
WEDNESDAY, SEPTEMBER 20, 1920
AND
COMMITMENT OF "THESE ARE BUT A FEW EXAMPLES OF THE CONTINUING OVERSEAS FINANCIAL INSTITUTIONS TOWARDS THE LONG-TERM DEVELOPMENT INVESTMENT POTENTIAL OF THE TERRITORY.
IN CHINA
I
HE SAID.
VERY HONG TOUCHED 11AD
KONG EVENTS WHILE RECENT
ON THE SINCERITY OF CLOSELY, THERE WAS NO REASON TO CAST ANY DOUBT
THAT CHINA'S OFFICIALS
OPEN THE REPEATED ASSERTIONS BY TOP CHINESE DOOR POLICY AND ITS "ONE COUNTRY. TWO SYSTEMS" PRINCIPLE TOWARDS KONG WOULD BE MAINTAINED, HE NOTED.
HONG
DRIVE
P
INTERESTS,
OF IMPOSITION THE
CHINA INTO MR NENDICK
CHINA THROUGH
KONG'S
"PRESSURE
PUT ON BEING ECONOMIC SANCTIONS AGAINST THAT COUNTRY WOULD ONLY ISOLATION AND ADVERSELY AFFECT SAID.
HIONG
HE SAID THE SIGNIFICANT IMPACT ON CONFIDENCE WHICH EVENTS HAD COULD NOT BE DENIED.
THE RECENT
"BUT THIS IS BY NO MEANS THE FIRST OCCASION ON WHICH HONG HAS BEEN CONFRONTED WITH A CONFIDENCE CRISIS.
KONG
HISTORY OF HONG OVERALL ENJOYED
ENVY
"CRISIS ARE INDEED A PART AND PARCEL OF THE
THE PROCESS KONG, YET WE HAVE SURVIVED THEM AND IN GROWTH RATES IN OUR ECONOMY OVER THE PAST 10 YEARS WHICH ARE THE
HE SAID. OF MOST OF THE WORLD,
HE RECALLED THAT BETWEEN 1982 AND 1984, IN THE LEAD-UP HONG KONG EXPERIENCED A SIGNING OF THE JOINT DECLARATION, CONFIDENCE CRISIS ARISING OUT OF UNCERTAINTIES OVER ITS FUTURE.
IS
MUCH ACTUALLY
"THE SITUATION TODAY DURING THE UNCERTAIN DAYS OF 1982 TO 1984.
TO THE SIMILAR
BETTER THAN IT WAS
"WE HAVE A LINKED EXCHANGE RATE SYSTEM WHICH HELPS MAINTENANCE OF STABLE MONETARY CONDITIONS.
TOWARDS ATTITUDE "CHINA'S DEFINED THAN IT WAS SEVEN YEARS AGO.
ENSURE THE
HONG KONG
IS
FAR MORE CLEARLY
OF INTERNATIONAL ATTENTION "THERE IS ALSO AN INCREASED LEVEL BEING ADDRESSED TO THE CHINA-HONG KONG SITUATION.
THAT
IN RETURN FEEL ABLE то
CALM WILL EVENTUALLY "IT IS MY FIRM BELIEF CHINA AND THAT THE PEOPLE IN HONG KONG WILL ONCE AGAIN ADOPT A MORE POSITIVE OUTLOOK," HE SAID.
EARLIER IN HIS SPEECH, ME NENDICK DWELT ON HONG KONG'S ROLE A LEADING INTERNATIONAL FINANCIAL CENTRE.
HE IS BACK IN HONG KONG TODAY WEDNESDAY) LEAVE AND ATTENDING THE CONFERENCE IN LONDON.
AS
A AFTER
PERIOD OF
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