TNAG-1764-FCO40-2518-Hong-Kong-stock-market-and-exchange-rate-1988 — Page 116

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

18. The next logical step would appear to be tied to the findings of the Securities Review Committee and the subsequent action taken in the light of those recommendations. The Hong Kong Group on Wall Street is adopting a wait-and-see attitude and will carefully examine the findings and recommendations of the Review Committee and the Government's response to them. It will be necessary at all stages to despatch spokesmen to the US to explain each step along the way.

19. NYO would arrange high level briefings for key players in Wall Street. This would be done in small groups and in some cases on a one-on-one basis with particularly powerful people who would spread the news (good or bad) quickly on their own network. Media publicity would need to be handled sensitively.

20. Seen from here, key spokesmen would be Robert Fell and Ian Hay Davison, and from the government side the Financial Secretary and the Secretary for Monetary Affairs.

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