XN000022-1989-10-07 — Page 2

1

SATURDAY, OCTOBER 7, 1989

FS UNDERLINES IMPORTANT OPPORTUNITIES IN HK

SECRETARY,

SIR

THE FINANCIAL

PIERS JACOBS. UNDERLINED THE TRADERS IN HONG IMPORTANT OPPORTUNITIES FOR EUROPEAN INVESTORS AND KONG DURING A VISIT TO PARIS IN THE PAST TWO DAYS.

IN CALLS ON THE PRESIDENTS OF THE BANK OF FRANCE AND TWO OF THE FINANCIAL SECRETARY MAJOR FRENCH BANKS REPRESENTED IN HONG KONG, THE

THE SITUATION OF THE

AND ECONOMY UPDATED THEM ON PROSPECTS FOR THE FUTURE.

HONG

WITH LUNCH A

KONG

ON

REPRESENTATIVES OF A SIR PIERS ALSO ATTENDED

BE VISITING GROUP OF FRENCH INSTITUTIONAL INVESTORS WHO WILL SHORTLY HONG KONG, AND CALLED ON THE PRESIDENT OF GALERIES LAFAYETTE WHICH CO-OPERATING WITH THE HONG KONG TRADE DEVELOPMENT COUNCIL IN

IN SPRING NEXT KONG PRODUCTS PROMOTION OF HONG GALERIES LAFAYETTE MAIN STORES.

YEAR

IN

IS A MAJOR 10 THE

SAID HE SUMMING UP HIS IMPRESSIONS AFTER THE VISIT, SIR PIERS

THE FRENCH ADMINISTRATION AND WAS ENCOURAGED BY THE INTEREST WHICH FRENCH BUSINESSES WERE SHOWING IN HONG KONG AND HOPED THAT THE

RELATIONS ECONOMIC YEARS WOULD SEE DEVELOPING FURTHER TO THEIR MUTUAL BENEFIT.

BETWEEN

AND FRANCE

COMING HONG KONG

HONG

AT A

HOSTED BY

KONG BUSINESSMEN LUNCH

THE FRANCE-HONG ASSOCIATION, SIR PIERS EMPHASISED THE ENCOURAGING DEVELOPMENT IN KONG SINCE CONFIDENCE WAS SHAKEN BY THE EVENTS IN PEKING.

HE ALSO SPOKE ON THE STRONG FRENCH CONNECTION ALREADY IN HONG KONG.

EXISTING

"THE FIRST FOREIGN

BANK ΤΟ EIGHT

FRENCH

ΤΟ COME

BANKS;

HONG KONG

BANQUE WAS 11 OF

243 OUR FRENCH OWNED BANKS

INDOSUEZ. NOW WE HAVE DEPOSIT-TAKING COMPANIES ARE FRENCH; THREE OTHER HAVE REPRESENTATIVE OFFICES IN HONG KONG.

"THERE ARE

SOME 300 FRENCH BUSINESSES COMMUNITY NOW NUMBERS SOME 1,400. WITH A FRENCH TO LOOK AFTER THE EDUCATION OF THEIR YOUNG," HE SAID.

POLICE NT REGION TO SPLIT IN 1993

* * * $

AND

THE

INTERNATIONAL

FRENCH

SCHOOL

FURTHER DEVELOPMENTS

IN THE POLICE FORCE RESPONSE ΤΟ THE TAKEN PLACE WITH GROWING NEEDS OF POLICING THE NEW TERRITORIES HAVE THE FORMAL DECISION THAT THE SPRAWLING NEW TERRITORIES REGION WILL DIVIDED INTO TWO SEPARATE NORTH AND SOUTH POLICE REGIONS IN 1993.

WHEN

THE

SPLIT TAKES

PLACE, THE

OF POPULATION TERRITORIES, GROWING AT THE RATE OF 100,000 A YEAR, WILL HAVE AN ESTIMATED 2.4 MILLION.

BE

THE

NEW REACHED

/THE DIVISION