RESTRICTED
122411
RESTRICTED
FM FCO
TO DESKBY 07010OZ HONG KONG
TELNO 37
OF 06170OZ JANUARY 88
HKC 100/1
RECEIVED IN REGISTRY
-7 JAN 1988
HOP
DESK OFFICER
REGIS
INDEX
PA
Action Take
MDHOAN 6064
WRITTEN PQ ON HONG KONG
1.
MR ROBERT ADLEY HAS PUT DOWN A QUESTION FOR WRITTEN
ANSWER AS FOLLOWS:
QUOTE TO ASK THE SECRETARY OF STATE IF HE WILL MAKE A STATEMENT ON THE MAINTENANCE OF PROSPERITY AND STABILITY IN HONG KONG IN THE LIGHT OF RECENT DEVELOPMENTS CONNECTED WITH THE HONG KONG
STOCK EXCHANGE UNQUOTE.
2,
WE PROPOSE THE FOLLOWING REPLY:
QUOTE I BELIEVE THAT THE PROMPT ACTION TAKEN BY THE HONG KONG GOVERNMENT IN NOVEMBER TO INITIATE A THOROUGH REVIEW OF THE MANAGEMENT AND OPERATION OF THE HONG KONG STOCK EXCHANGE AND, MORE RECENTLY, TO ENSURE THE SMOOTH RUNNING OF THE EXCHANGE DURING INVESTIGATIONS BY THE ICAC INTO FORMER MEMBERS OF ITS COMMITTEE, WILL HAVE REINFORCED INTERNATIONAL CONFIDENCE IN HONG KONG, AS A LEADING FINANCIAL CENTRE. THIS WILL CONTRIBUTE TO THE MAINTENANCE OF THE PROSPERITY AND STABILITY OF THE TERRIROTY UNQUOTE. PROSPERITY AND STABILITY OF THE TERRITORY UNQUOTE.
GRATEFUL FOR COMMENTS DESKBY 07090UZ.
3.
HOWE
YYYY
ΜΑΙΝ
10
LIMITED
HKD
NNNN
DISTRIBUTION
MR MCLAREN
1
PAGE
RESTRICTED
10
7
Page 150Page 151
SHLAFV
1001
HKC 100
WECEIVED IN BAG -
-7 JAN 38
DESK OFFICH
HKD
INDEX PA
Thank you
Q
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