TNAG-1391-FCO40-1863-Future-of-Hong-Kong-briefing-for-meetings-and-visits-1985 — Page 119

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Mr Bel1

Defence Department

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Reference..

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MEETING OF UK COMMANDERS IN CHIEF COMMITTEE : 23 MAY : HONG KONG

POINTS TO MAKE

The Hong Kong Agreement which was signed by the Prime Minister in Peking in December is likely to be ratified at the end of

shortly before Premier Zhao Ziyang visits the UK from 8 June.

1.

May 2

,

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The first meeting of the Sino-British Joint Liaison Group, which will be established under the terms of the agreement in order to consult on its implementation, is likely to take place in London in July.

In the wake of the Hong Kong Agreement, there is every indication that Hong Kong's economy is expanding again. The Hong Kong Stock Exchange index has risen over 500 points

2.

in the past seven months. Hong Kong's Financial Secretary in his budget for 1985/86 has forecast a growth in GDP of 7%, and a growth in exports of 18%.

15 May 1985

j

L.c. Ehrman

W G Ehrman

Hong Kong Department 233 4381

HIK 040115

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2 1 MAY 1985

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