CONFIDENTIAL
4. Hong Kong Stock Exchange and Futures Market
Mr Jacobs' views of likely future role for futures market in
Hong Kong?
What is his assessment of effect of last year's crisis on
international confidence?
What is his expectation of the Hay Davison review? What
recommendations for changes are likely to be made?
Mr Jacobs' assessment of underlying problems of Hong Kong
financial markets? How should these be solved? Regulations?
Separation of dealers and administrators? How can investors'
interests be better safeguarded?
Ronald Li affair - what effect has this affair had on people in
Hong Kong?
5. Hong Kong dollar
Mr Jacobs' views on continuing link between Hong Kong and US
dollars?
6.
Defence Costs Agreement (if raised)
FCO fully appreciate political realities in Hong Kong. We have
worked hard to ensure that these are understood within Whitehall.
But equally Hong Kong must understand MOD's budgetary
constraints.
soon.
Very much hope that mutually satisfactory solution can be found
Mr Jacobs' assessment of how package will be received by
financial committee of LegCo. Any risk of LegCo rejecting some elements of package, eg 19 million pounds to be paid by HKG to HMG in reconciling of last year's account?
COVETNY PATTAT
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