TNAG-2124-FCO40-3031-Hong-Kong-Asian-Development-Bank-(ADB)-1990 — Page 12

CONFIDENTIAL

FM HONG KONG

TO IMMEDIATE FCO

TELNO 2006

OF 28044OZ JUNE 90

CONFIDENTIAL

F...

Marc 102

17

101035

MDHIAN 6781

1990

Q DIST?

TOR COPY

YOUR TELNO 1223

FOLLOWING IS A REPEAT OF HONG KONG TELNO 943 AS REQUESTED

BEGINS

CONFIDENTIAL

FM HONG KONG

TO PRIORITY FCO

TELNO 943

OF 161130Z MARCH 90

INFO PRIORITY PEKING, UKREP JLG HONG KONG

ASIAN DEVELOPMENT BANK (ADB): BOARD OF GOVERNORS ANNUAL MEETING

1. YOU WILL WISH TO KNOW THAT WE PLAN TO APPROACH THE ADB ABOUT THE

POSSIBILITY OF OUR HOSTING AN ADB BOARD OF GOVERNORS ANNUAL MEETING

IN HONG KONG BEFORE 1997. HOSTING SUCH A MEETING WOULD HAVE A

NUMBER OF ATTRACTIONS FOR HONG KONG.

2. THE ADB BOARD OF GOVERNORS ANNUAL MEETING, LIKE THOSE OF THE IBRD AND THE IMF, IS ATTENDED BY DELEGATIONS USUALLY HEADED BY EITHER THE GOVERNOR (GENERALLY THE FINANCE MINISTER) OR ALTERNATE GOVERNOR (A SENIOR CIVIL SERVANT OR CENTRAL BANKER) OF EACH MEMBER

COUNTRY. THE MEETING ALSO ATTRACTS A GREAT NUMBER OF IMPORTANT FIGURES FROM THE INTERNATIONAL BANKING COMMUNITY WHO ATTEND AS

OBSERVERS OR GUESTS. HOSTING SUCH A MEETING IN HONG KONG WOULD NOT

ONLY GIVE US THE INTERNATIONAL PRESTIGE ASSOCIATED WITH HOSTING SUCH AN EVENT BUT ALSO PROVIDE AN OPPORTUNITY FOR MANY MEMBERS OF GOVERNMENTS AND SENIOR BANKERS TO SEE HONG KONG AT FIRST HAND. WE

ALSO SEE ADVANTAGE IN OUR HOSTING SUCH A MEETING BEFORE 1997. DOING

SO WOULD HELP TO EMPHASISE HONG KONG'S AUTONOMOUS STATUS IN THE ADB, WHICH IS THE ONLY INTERNATIONAL FINANCIAL ORGANISATION IN WHICH WE PARTICIPATE AND WILL CONTINUE TO PARTICIPATE AFTER 1997 AS

A FULL MEMBER IN OUR OWN NAME AND RIGHT.

1

PAGE CONFIDENTIAL