9. ANSWER TO FIRST QUESTION: HONG KONG'S FREE ENTERPRISE CAPITALMIST ECONOMY ENVIRONMENT ASSURED BY TWO GREAT POWERS OF THE WORLD FOR 60 YEARS. HONG KONG'S GOOD GEOGRAPHIC POSITION OF HUB OF ASIAN PACIFIC REGION AND DOOR STEP TO EMERGING CHINA MARKET. RECENT FAST DEVELOPMENT OF HONG KONG-CHINA RELATIONSHIP HN TRADE AND INDUSTRY. GROWING SIGNIFICANCE OF HONG KONG AS TRADER, ENTREPOT AND CONVEYOR OF CAPHITAL, MANAGEMENT AND TECHNOLOGY FOR CHINA. HINCREASHING EVIDENCE OF INTERNATIONAL BUSINESS COMMUNITY WORKING WITH AND THROUGH HONG KONG TO DEVELOP BUSINESS WITH CHINA.
10. ANSWER TO SECOND QUESTION: BINDING INTERNATIONAL AGREEMENT ENTERED FREELY BY TWO SOVEREIGN STATES. ALTHOUGH CHINA HAS POOR RECORD ON INTERNAL PROMISES IT HAS GOOD REPUTATION FOR INTERNATIONAL AGREEMENTS. CHINA'S OWN HINTEREST TO PRESERVE HONG KONG'S PROSPERITY AND STABILITY DUE TO ECONOMIC REASONS AND UNIFICATION OF TAMWAN.
11. AGREEMENT WITH SHR GEOFFREY ON ANXIETIES AND UNCERTAINTIES **N HONG KONG FOR THE LONGER TERM. REASONS FOR THIS ARE PERSONAL EXPERIENCE OF MANY HONG KONG PEOPLE IN CHINA POOR CHINESE RECORD, AGEING CHAIRMAN DENG, CHINESE INTERFERENCE, ETC.
12. CONCLUSION VINEWS FROM TWO ANGLES. FROM INTERNATIONAL BUSINESS COMMUNITY STANDPOINT, HONG KONG PROVIDES BEST ECONOMIC CLIMATE AND EXCELLENT SITUATION FOR BUSINESS DEVELOPMENT IN ASIAN PACIFIC AND PARTICULARLY IN CHINA. FROM LOCAL PEOPLE VIEWPOINT, THEY ARE AWARE OF INHERENT LONG-TERM RISKS. HONG KONG ROULETTE VIS-A-VIS RUSSHAN ROULETTE. CURRENT ODDS ARE 10:1 OR 20:1 AND, AS TIME APPROACHING 1997 AND DEPENDING ON DEVELOPMENTS IN CHINA, ODDS COULD IMPROVE OR DETERIORATE.
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PS
SIEN HARDIG
De WilsON
Z
Confidential
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