TNAG-2032-FCO40-2895-Visit-by-Douglas-Hurd--Secretary-of-State-for-Foreign-and-Co-1990 — Page 183

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BUSAAF (5)

Kong investors in Southern China to look harder at other markets as well. The property and stock markets have suffered considerably but a slowdown was already expected in 1989 and 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

10 January 1990