CONFIDENTIAL
CONFIDENTIAL
thee 1021
RECEIVED IN PEGISTRY
23 JUN 1990
DESK OFFICE!
FM FCO
TO IMMEDIATE HONG KONG
INDEX
TELNO 1164
OF 191730Z JUNE 90
INFO IMMEDIATE PEKING, UKREP JLG HONG KONG
201
052531 MDHOAN 1045
ASIAN DEVELOPMENT BANK: POSSIBLE ANNUAL MEETING IN HONG KONG
1. THE OVERSEAS DEVELOPMENT ADMINISTRATION HAVE WRITTEN TO US ENCLOSING A LETTER FROM THE ASIAN DEVELOPMENT BANK INFORMING US THAT HONG KONG HAS OFFERED TO HOST AN ANNUAL MEETING OF THE ASIAN DEVELOPMENT BANK WITHIN THE NEXT FEW YEARS. IT SEEMS FROM THE ADB LETTER THAT YOU MAY ALREADY HAVE BEEN CONSULTED: A COPY IS BEING FAXED TO NENDICK, MONETARY AFFAIRS BRANCH AND TO PEKING.
2. THE ODA HAVE SOUGHT OUR VIEWS ON THE POLITICAL AND
PRACTICAL ASPECTS OF THE PROPOSAL. IN PARTICULAR THEY HAVE SOUGHT OUR ADVICE ON:
3%
(A) WHETHER THERE ARE ANY PARTICULAR POLITICAL ADVANTAGES OR DISADVANTAGES FROM OUR POINT OF VIEW IN AN ANNUAL MEETING OF THE ADB BEING HELD IN HONG KONG:
(B) WHETHER YOU HAVE THE NECESSARY FACILITIES AND ORGANISATIONAL ABILITY (INCLUDING HOTEL CAPACITY) TO COPE WITH A MEETING OF THIS KIND. (THE NUMBERS ATTENDING WOULD BE IN THE REGION OF 2,000, OVER THREE DAYS. THERE WOULD BE A REQUIREMENT FOR CONFERENCE FACILITIES INCLUDING SIMULTANEOUS INTERPRETATION):
(C) WHAT THE REACTION OF THE CHINESE TO THE PROPOSAL WOULD BE.
WE PROPOSE TO REPLY IN THE FOLLOWING WAY:
(A) WE WOULD STRONGLY SUPPORT THE PROPOSAL TO HOLD AN ANNUAL MEETING OF THE ADB IN HONG KONG. THIS WOULD BE IN LINE WITH OUR POLICY OF BUILDING UP HONG KONG AS AN INTERNATIONAL FINANCIAL AND COMMERCIAL CENTRE. IT WOULD HELP TO BOOST CONFIDENCE, BOTH LOCALLY AND INTERNATIONALLY.
(B) HONG KONG HAS EXTREMELY GOOD FACILITIES FOR HANDLING
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