TNAG-1862-FCO40-2639-Future-of-Hong-Kong-Basic-Law-1989 — Page 52

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

Problem

CONFIDENTIAL

- 9 -

Preferred Redraft

The HKSAR shall report its budgets and final accounts to the CPG for the record."

Possible Channels

(b) JD 85 and 88

JD 85 is not reflected in

the Basic Law. JD 88 is

lumped together with other fields in Article 160 (not

enough prominence given to SAR's autonomy in external trade and economic affairs).

A new article in Section I, Chapter V : "The HKSAR shall decide on its economic and trade policies on its own and may on its own develop economic and trade relations with all states and regions."

-

Zheng Weirong

Maria Tam

- Wong Po-yan

- Legal Experts Meeting

(c) Art. 104 :

(i)

(ii)

"in accordance with

law" is inconsistent

with the wording of JD

86.

Unclear whether

ownership of enterprises and

"The IIKSAR shall protect by law rights concerning the ownership of property, including the acquisition, use, disposal and inheritance of property as well as the right to compensation for the lawful deprivation of property. Ownership of enterprises and investments from outside

the Region shall be protected in the same

way.

Zheng Weirong

Wong Po-yan

- Overall Critique

CONFIDENTIAL

2004 15

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