XN000022-1992-01-20 — Page 2

-

1

MONDAY, JANUARY 20, 1992

GOVERNOR REAFFIRMED OF GERMAN'S INTEREST IN THE PACIFIC RIM

GERMAN BANKERS HAVE REAFFIRMED THEIR INTEREST IN THE OPPORTUNITIES AVAILABLE IN THE PACIFIC RIM, INCLUDING HONG KONG.

DAVID FRANKFURT

THIS WAS THE MESSAGE RECEIVED BY THE GOVERNOR, SIR WILSON, AT A LUNCHEON MEETING WITH SENIOR GERMAN BANKERS IN TODAY (MONDAY).

SIR DAVID SAID HE HAD COME TO GERMANY WITH A BACKGROUND FEELING THAT BECAUSE OF THE RECENT DEVELOPMENTS IN EASTERN EUROPE, INSUFFICIENT ATTENTION WOULD BE PAID TO THE TERRIFIC ECONOMIC GROWTH AND OPPORTUNITIES TAKING PLACE IN THE PACIFIC RIM.

"WHAT

THERE MEDIUM

I WAS TOLD BY THE BANKERS TODAY WAS THAT ALTHOUGH IS INTEREST IN EASTERN EUROPE AND THE FORMER EAST GERMANY AS A TERM PROSPECT, THE BANKERS WERE WELL AWARE OF THE OPPORTUNITIES IN THE PACIFIC RIM AND WERE NOT NEGLECTING THE AREA.

"NOW THAT IS EXACTLY THE MESSAGE I HAD HOPED TO DAVID SAID.

HEAR,

11

SIR

EARLIER TODAY THE GOVERNOR HAD A 45-MINUTE MEETING WITH DR HELMUT SCHLESINGER, PRESIDENT OF THE BUNDESBANK (GERMANY'S CENTRAL BANK).

DURING THE MEETING WITH DR HELMUT SCHLESINGER, SIR DAVID HIGHLIGHTED THE FACT THAT GERMANY WAS ALREADY HONG KONG'S LARGEST TRADING PARTNER IN THE EUROPEAN COMMUNITIES. HE ALSO SPOKE ABOUT HONG KONG'S ROLE IN THE DEVELOPMENT OF SOUTHERN CHINA.

GOVERNOR OPENS TDC NEW OFFICE IN FRANKFURT

HONG KONG'S COMMITMENT TO FREE MARKETS

PH

-

BOTH AT HOME AND ABROAD IS THE FOUNDATION OF EVERYTHING THE TERRITORY HAS ACHIEVED IN THE PAST, THE GOVERNOR, SIR DAVID WILSON, SAID IN FRANKFURT TODAY (MONDAY).

"1

"THIS WILL BE AS TRUE IN THE FUTURE AS IT HAS BEEN IN THE PAST, THE GOVERNOR SAID WHEN SPEAKING AT THE OPENING OF THE NEW OFFICE OF THE HONG KONG TRADE DEVELOPMENT COUNCIL {HKTDE} IN FRANKFURT.

SIR DAVID SAID THE HKTDC HAD PLAYED AN IMPORTANT PART IN HONG KONG'S ECONOMIC SUCCESS.

"IT HAS THE TASK OF DEVELOPING TWO-WAY TRADE, NOT SIMPLY HELPING TO PUSH HONG KONG'S EXPORTS. THE CONSIDERABLE EXPANSION IN TRADE BETWEEN GERMANY AND HONG KONG SHOWS THE SUCCESS OF THIS

申啡

PHILOSOPHY, HE SAID.

/SIR DAVID