TNAG-1482-FCO40-2036-Economic-and-commercial-value-of-Hong-Kong-to-the-UK-1986 — Page 92

FCO40 Hong Kong Department Records 聯邦事務部香港部檔案 All

advice on immigration matters and work permits. The precise purpose of

the meeting he now seeks with the Secretary of State for Mr Coppel is not

entirely clear, but it would appear to be aimed at getting the Secretary

of State's support for his plans to "market" the UK to Chinese

businessmen.

He may hope that by securing such support it will ease the

path for his potential clients and their families to obtain work permits

and the right of permanent residence here.

The Governments's policy is to welcome manufacturing investment from

Inward

overseas where this is of overall benefit to the UK economy.

investment from Hong Kong in the UK is not very significant in comparison

Sino Vickish

with that from other countries.

The Anglo/Chinese agreement of 1984 on

the future of Hong Kong has largely halted the movement of escapist

capital overseas and a mood of confidence has returned to Hong Kong.

Nevertheless, the need to develop and protect international markets,

especially the UK market, will continue to prompt a few businessmen to

establish factories abroad, especially in the garment industry. Any

active encouragement by HMG to Hong Kong industry to set up in the UK,

however, raises the possibility of friction for us with the Peking

government. The Invest in Britain Bureau therefore does not actively

campaign in Hong Kong and confines itself to acting responsively.

I do not think it is necessary for the Secretary of State to see Mr

Coppel: the prospects for any significant Hong Kong Chinese manufacturing

investment in the UK are not good: there is moreover the potential risk to

our relations with the Chinese government from being seen to give any

encouragement to Mr Coppels plans. He may also wish to go further into

the conditions relating to the issue of work and UK residence permits for

high level

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