XN000022-1989-03-03 — Page 4

N

FRIDAY, MARCH 3, 1989

THE SPOKESMAN

SAID THE

REINFORCEMENT OF EXISTING BEST

GUIDELINE PRACTICES,

INSTITUTIONS TO CONTINUE THEIR VIGILANCE.

HONG

BEFORE ISSUING THE GUIDELINE, THE

KONG

OF BANKS, ASSOCIATION

THE

SHOULD AND AN

BE

SEEN AS A

ENCOURAGEMENT

TO

COMMISSIONER

HONG HONG

CONSULTED THE DEPOSIT-TAKING

SUPPORTED HIS

COMPANIES ASSOCIATION, THE BANKING ADVISORY COMMITTEE AND THE DEPOSIT- TAKING COMPANIES ADVISORY COMMITTEE, ALL OF WHOM FULLY INITIATIVE.

COMMITMENT TO A SMOOTH TRANSITION

THE VERY SATISFACTORY MANNER IN WHICH VARIOUS COMPLEX ISSUES RELATING TO THE TRANSITION HAVE BEEN RESOLVED SHOWS THAT THE CHINESE GOVERNMENT IS COMMITTED MORE THAN EVER TO ENSURING THAT HONG KONG WILL POLICY, THE CONTINUE TO PROSPER UNDER THE "ONE COUNTRY, TWO SYSTEMS DEPUTY SECRETARY FOR GENERAL DUTIES, MR DONALD TSANG, HAS SAID IN UNITED STATES.

**

THE

SPEAKING BEFORE A FULL-HOUSE JOINT MEETING OF THE ENGLISH MR SPEAKING UNION AND THE ASIA FOUNDATION IN SAN FRANCISCO THIS WEEK, TSANG SAID HE WAS CONFIDENT THAT DRIVEN BY THEIR SHARED OBJECTIVES,

WORK IN BOTH THE CHINESE AND BRITISH SIDES WOULD CONTINUE THEIR GOOD THE RUN-UP TO 1997.

OF

"THE EVIDENCE OF THE PAST FOUR YEARS SHOWS THAT BOTH COUNTRIES ARE COMMITTED TO ENSURING THAT, NOTWITHSTANDING THE CHANGE SOVEREIGNTY, THE FAVOURABLE CONDITIONS WHICH HAVE HITHERTO CONTRIBUTED || HE TO THE STABILITY AND PROSPERITY OF HONG KONG WOULD BE MAINTAINED, SAID.

DECLARATION "THE SINO-BRITISH JOINT

CHARTING THE FUTURE OF AND IS ITSELF A HONG KONG BEYOND 1997 IS A VERY DETAILED DOCUMENT, THE SERIOUSNESS AND TESTIMONY OF

PRAGMATISM WITH WHICH THE TWO OF GOVERNMENTS HAVE ENDEAVOURED TO RESOLVE THE QUESTION OF THE FUTURE HONG KONG."

MAIN DESPITE ITS SHORT HISTORY THE JOINT LIAISON GROUP, AS THE

IMPLEMENTING THE MECHANISM FOR STEERING THE TWO GOVERNMENTS' EFFORTS JOINT DECLARATION, HAD PRODUCED AN IMPRESSIVE LIST OF ACHIEVEMENTS.

THIS INCLUDED SAFEGUARDING HONG KONG'S ABILITY TO TRADE FREELY

CONTRACTING PARTY AND INDEPENDENTLY BY HONG KONG BECOMING A

THE GENERAL AGREEMENT ON TARIFFS AND TRADE, A MEMBER OF THE CO-OPERATION COUNCIL

AND CONTINUED

DEVELOPMENT BANK AFTER 1997.

PARTICIPATION

IN

OF

THE

CUSTOMS ASIAN

/IN CONSIDERING