TNAG-1896-FCO40-2690-Calls-on-Francis-Maude--Minister-of-State-for-Foreign-and-Co-1989 — Page 32

Duval \ ~}

1989.

Since May 1989 the property and stock markets have suffered considerably but the economy and financial system generally have

remained stable. The Hong Kong $ is linked to the US$ (1 US$ = 7.80 HK$). This has kept the currency stable with only minor flunctuations of up to 0.6%.

Hong Kong Department

5 September 1989