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CONFIDENTIAL
Hong Kong or complicate taks of negotiators. Grateful for your understanding on this.
FOR USE ONLY IF PRESSED
Chinese Propoganda
Wrong
8. It is what is said at the conference table that matters. to regard outcome of talks as prejudged by anything said outside them.
September 1984 Deadline
9.
No overall timetable agreed. Cannot predict how long they will take. Getting on as quickly as we can. Main thing is to reach
right solution. Chinese statement does not rule out continuation of negotiations beyond September 1984.
Concessions
10. Inappropriate to divulge details. But no concessions have been made by either side on the content of an eventual agreement.
Hong Kong Stock Market and Exchange Rate Fluctuations
11. Sharp fluctuations in Hang Sent Index more common than in western Stock Exchanges. Of course uncertainty over Hong Kong's future periodically affects market but there are other factors eg world recession, worldwide strength of US dollar, high international interest rates. State of Hong Kong's economy basically very sound. Cause for concern is political not economic.
Recent Measures to Stabilise the Hong Kong Dollar
12. In September and October, Hong Kong Government took certain measures to stabilise the Hong Kong dollar. Key element was indirect linking of Hong Kong US dollar at a rate of Hong Kong
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